Exhibit 11
G&L Realty Corp.
Computation of Per Share Earnings
Quarterly Report on Form 10-Q
September 30, 1999
(In thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
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1999 1998 1999 1998
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Net (Loss) Income $(4,250) $2,434 $(1,184) $ 7,397
Less: Preferred Dividends
10.25% Series A Cumulative Preferred (958) (958) (2,874) (3,043)
9.8% Series B Cumulative Preferred (845) (845) (2,535) (2,535)
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Net (loss) income available to common shareholders $(6,053) $ 631 $(6,593) $ 1,819
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Options outstanding 214 234 214 234
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Weighted average exercise price $ 14.49 $14.61 $ 14.49 $ 14.61
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Proceeds upon exercise of options $ 3,101 $3,419 $ 3,101 $ 3,419
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Treasury stock shares 205 199 202 184
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Common share equivalents 9 35 12 50
Average shares outstanding 3,889 4,090 3,934 4,112
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Total common and common share equivalents outstanding 3,898 4,125 3,946 4,162
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Per share earnings data:
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Basic $ (1.56) $ 0.15 $ (1.68) $ 0.48
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Fully diluted $ (1.56) $ 0.15 $ (1.68) $ 0.48
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