Drive Shack Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

EQUITY AND EARNINGS PER SHARE (Details Narrative 1)

EQUITY AND EARNINGS PER SHARE (Details Narrative 1) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended				1 Months Ended	12 Months Ended			1 Months Ended	12 Months Ended			1 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Mar. 31, 2003 Series B Cumulative Redeemable Preferred Stock	Dec. 31, 2013 Series B Cumulative Redeemable Preferred Stock	Dec. 31, 2012 Series B Cumulative Redeemable Preferred Stock	Mar. 31, 2010 Series B Cumulative Redeemable Preferred Stock	Oct. 31, 2005 Series C Cumulative Redeemable Preferred Stock	Dec. 31, 2013 Series C Cumulative Redeemable Preferred Stock	Dec. 31, 2012 Series C Cumulative Redeemable Preferred Stock	Mar. 31, 2010 Series C Cumulative Redeemable Preferred Stock	Mar. 31, 2007 Series D Cumulative Redemable Preferred Stock	Dec. 31, 2013 Series D Cumulative Redemable Preferred Stock	Dec. 31, 2012 Series D Cumulative Redemable Preferred Stock	Mar. 31, 2010 Series D Cumulative Redemable Preferred Stock
Issuance of preferred stock					$ 62,500				$ 40,000				$ 50,000
Issuance of preferred stock, shares					2,500,000				1,600,000				2,000,000
Preferred stock, dividend percentage					9.75%	9.75%	9.75%		8.05%	8.05%	8.05%		8.375%	8.375%	8.375%
Preferred stock liquidation preference, per share	$ 25.00	$ 25.00							$ 25				$ 25
Increased dividend rate of preferred stock, if delisting occurs									9.05%				9.375%
Stock issuance costs	$ 2,471	$ 1,083			$ 2,400				$ 1,500				$ 1,800
Preferred stock, shares outstanding	2,463,321	2,463,321	2,463,321	2,463,321		1,347,321	1,347,321	1,347,321		496,000	496,000	496,000		620,000	620,000	620,000
Noncontrolling interest onwership in New Media	15.40%

- Definition

The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share.

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