G&L REALTY CORP (GLR) [Rocket]

In millions, except per share items	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01	Dec-31-00
	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues	30.3	41.9	57.2	55.3	49.8	50.5
Revenue growth	-27.6%	-26.8%	3.5%	10.9%	-1.3%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit	30.3	41.9	57.2	55.3	49.8	50.5
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]	4.1	5.6	4.6	3.3	4.0	2.9
General and administrative	4.1	5.6	4.6	3.3	4.0	2.9
Equity in earnings	-0.6	0.0	-3.7	0.1	-0.2	0.4
Other operating expenses	3.4	18.7	27.0	33.9	36.7	38.8
EBITDA [+]	25.3	22.6	27.6	24.5	15.1	15.2
EBITDA growth	12.0%	-18.1%	12.4%	62.7%	-1.2%
EBITDA margin	83.3%	53.9%	48.2%	44.3%	30.2%	30.2%
Depreciation and amortization	3.1	5.0	5.7	6.3	6.1	6.0
EBIT [+]	22.2	17.5	21.9	18.2	9.0	9.2
EBIT growth	26.5%	-20.1%	20.1%	102.7%	-2.4%
EBIT margin	73.1%	41.8%	38.3%	33.0%	18.1%	18.3%
Non-recurring items	4.1	8.1				1.3
Interest expense	11.1	10.6	25.1	13.6	10.2	13.6
Interest expense	11.1	10.6	25.1	13.6	10.2	13.6
Other income (expense), net	0.6	0.0	3.7	-0.1	0.2	-0.4
Pre-tax income	7.5	-1.2	0.5	4.5	-1.0	-6.0
Income taxes	-0.3	-3.0	-6.6	0.0	-7.2	-7.2
Tax rate		249.4%		0.0%	694.0%	119.1%
Earnings from continuing ops	0.8	-8.4	-6.6	2.5	-3.8	-5.9
Earnings from discontinued ops				2.0	2.8	-0.2
Net income	0.8	-8.4	-6.6	4.5	-1.0	-6.0
Net margin	2.7%	-20.0%	-11.6%	8.1%	-2.1%	-11.9%

Basic EPS		($57,689.11)
Diluted EPS		($57,689.11)

Shares outstanding (basic)		0.0
Shares outstanding (diluted)		0.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.