EX-00.2 FINANCIAL TABLES AND SUPPLEMENT INFO

Woodbridge Holdings Corporation
Consolidated Statements of Financial Condition — Unaudited
(In thousands, except share data)


	June 30,			December 31,
	2008			2007
Assets

Cash and cash equivalents	$	125,307			195,181
Restricted cash		729			2,207
Current income tax receivable		27,375			27,407
Inventory of real estate		242,185			227,290
Assets held for sale		95,827			96,214
Investments:
Bluegreen Corporation		117,365			116,014
Other equity securities		15,699			—
Other		2,564			2,565
Property and equipment, net		33,005			33,566
Other assets		13,655			12,407

Total assets	$	673,711			712,851


Liabilities and Shareholders’ Equity

Accounts payable, accrued liabilities and other	$	37,454			41,618
Liabilities related to assets held for sale		82,311			80,093
Notes and mortgage notes payable		172,820			189,768
Junior subordinated debentures		85,052			85,052
Loss in excess of investment in subsidiary		55,214			55,214

Total liabilities		432,851			451,745


Shareholders’ equity:
Preferred stock, $0.01 par value
Authorized: 5,000,000 shares
Issued and outstanding: no shares		—			—

Class A Common Stock, $0.01 par value
Authorized: 150,000,000 shares
Issued and outstanding: 95,197,445 and 95,040,731 shares, respectively		952			950

Class B Common Stock, $0.01 par value
Authorized: 10,000,000 shares
Issued and outstanding: 1,219,031 shares		12			12

Additional paid-in capital		337,358			336,795
Accumulated deficit		(97,910	)		(78,537	)
Accumulated other comprehensive income		448			1,886

Total shareholders’ equity		240,860			261,106

Total liabilities and shareholders’ equity	$	673,711			712,851

Woodbridge Holdings Corporation
Consolidated Statements of Operations — Unaudited
(In thousands, except per share data)


	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2008			2007			2008			2007
Revenues:
Sales of real estate	$	2,395			125,364			2,549			266,662
Other revenues		810			1,702			1,556			3,614

Total revenues		3,205			127,066			4,105			270,276


Costs and expenses:
Cost of sales of real estate		1,758			171,594			1,786			284,502
Selling, general and administrative expenses		12,439			33,017			24,514			65,331
Interest expense		2,146			—			4,865			—
Other expenses		—			413			—			895

Total costs and expenses		16,343			205,024			31,165			350,728


Earnings from Bluegreen Corporation		1,211			1,357			1,737			3,101
Interest and other income		1,946			3,294			3,545			5,634

Loss from continuing operations before income taxes		(9,981	)		(73,307	)		(21,778	)		(71,717	)
Benefit for income taxes		—			15,112			—			14,501

Loss from continuing operations		(9,981	)		(58,195	)		(21,778	)		(57,216	)

Discontinued operations:
Income from discontinued operations, net of tax		1,039			108			2,405			105

Net loss	$	(8,942	)		(58,087	)		(19,373	)		(57,111	)


Basic loss per common share:
Continuing operations	$	(0.10	)		(2.88	)		(0.23	)		(2.83	)
Discontinued operations		0.01			0.01			0.03			0.01

Total basic loss per common share	$	(0.09	)		(2.87	)		(0.20	)		(2.82	)


Diluted loss per common share:
Continuing operations	$	(0.10	)		(2.88	)		(0.23	)		(2.83	)
Discontinued operations		0.01			0.01			0.03			0.01

Total diluted loss per common share	$	(0.09	)		(2.87	)		(0.20	)		(2.82	)


Weighted average common shares outstanding:
Basic		96,264			20,218			96,261			20,217
Diluted		96,264			20,218			96,261			20,217

Dividends declared per common share:
Class A common stock	$	—			—			—			0.02
Class B common stock	$	—			—			—			0.02

WOODBRIDGE HOLDINGS CORPORATION
Summary of Selected Financial Data (unaudited)


	As of or for the
	Six Months Ended						As of or for the Three Months Ended
(dollars in thousands, except share and per share data)	6/30/2008			6/30/2007			6/30/2008			3/31/2008			12/31/2007			9/30/2007			6/30/2007

Consolidated Operations:
Revenues from sales of real estate	$	2,549			266,662			2,395			154			20,629			122,824			125,364
Cost of sales of real estate	$	1,786			284,502			1,758			28			13,399			275,340			171,594

Margin (a)	$	763			(17,840	)		637			126			7,230			(152,516	)		(46,230	)
Earnings from Bluegreen Corporation	$	1,737			3,101			1,211			526			2,756			4,418			1,357
Selling, general and administrative expenses	$	24,514			65,331			12,439			12,075			19,200			31,556			33,017
Loss from continuing operations	$	(21,778	)		(57,216	)		(9,981	)		(11,797	)		(9,189	)		(169,980	)		(58,195	)
Income from discontinued operations	$	2,405			105			1,039			1,366			848			812			108
Net loss	$	(19,373	)		(57,111	)		(8,942	)		(10,431	)		(8,341	)		(169,168	)		(58,087	)

Basic loss per share (b)
Continuing operations	$	(0.23	)		(2.83	)		(0.10	)		(0.12	)		(0.10	)		(8.41	)		(2.88	)
Discontinued operations	$	0.03			0.01			0.01			0.01			0.01			0.04			0.01

Total basic loss per share	$	(0.20	)		(2.82	)		(0.09	)		(0.11	)		(0.09	)		(8.37	)		(2.87	)

Diluted loss per share (b)
Continuing operations	$	(0.23	)		(2.83	)		(0.10	)		(0.12	)		(0.10	)		(8.41	)		(2.88	)
Discontinued operations	$	0.03			0.01			0.01			0.01			0.01			0.04			0.01

Total diluted loss per share	$	(0.20	)		(2.82	)		(0.09	)		(0.11	)		(0.09	)		(8.37	)		(2.87	)

Weighted average shares outstanding - basic		96,261			20,217			96,264			96,257			96,256			20,220			20,218
Weighted average shares outstanding - diluted		96,261			20,217			96,264			96,257			96,256			20,220			20,218

Dividends declared per common share	$	—			0.02			—			—			—			—			—

Key Performance Ratios:
S, G & A expense as a percentage of total revenues		597.2	%		24.2	%		388.1	%		1341.7	%		90.0	%		25.4	%		26.0	%
Return on average shareholders’ equity, trailing 12 mos. (d)		(74.5	%)		(20.4	%)		(74.5	%)		(82.8	%)		(77.6	%)		(100.3	%)		(20.4	%)
Ratio of debt to shareholders’ equity		107.1	%		227.6	%		107.1	%		105.1	%		105.3	%		510.0	%		227.6	%
Ratio of debt to total capitalization		51.7	%		69.5	%		51.7	%		51.3	%		51.3	%		83.6	%		69.5	%
Ratio of net debt to total capitalization		26.6	%		62.9	%		26.6	%		25.6	%		14.9	%		78.7	%		62.9	%

Consolidated Financial Condition Data:
Cash and cash equivalents	$	125,307			61,618			125,307			131,183			195,181			35,733			61,618
Inventory of real estate		242,185			776,211			242,185			234,223			227,290			580,104			776,211
Investment in Bluegreen Corporation		117,365			109,658			117,365			116,340			116,014			115,408			109,658
Total assets		673,711			1,096,585			673,711			688,694			712,851			900,392			1,096,585
Total debt		257,872			654,093			257,872			262,119			274,820			609,149			654,093
Total liabilities		432,851			809,244			432,851			439,374			451,745			780,959			809,244
Shareholders’ equity		240,860			287,341			240,860			249,320			261,106			119,433			287,341

Homebuilding Division (e):
Revenues from sales of real estate	$	—			257,822			—			—			7,662			122,224			123,653
Cost of sales of real estate		—			278,609			—			—			6,747			267,210			171,006

Margin (a)	$	—			(20,787	)		—			—			915			(144,986	)		(47,353	)
Margin percentage (c)		—			(8.1	%)		—			—			11.9	%		(118.6	%)		(38.3	%)
Gross orders (units)		—			763			—			—			62			206			478
Cancellations (units)		—			313			—			—			68			157			187
Net orders (units)		—			450			—			—			(6	)		49			291
Net orders ( value)		—			106,226			—			—			(3,695	)		12,872			62,326
Construction starts		—			489			—			—			4			236			235
Homes delivered		—			741			—			—			28			375			379
Average closing price of homes delivered (h)	$	—			333			—			—			274			302			326
Backlog of homes (units)		—			957			—			—			—			631			957
Backlog of homes ($)	$	—			297,832			—			—			—			197,404			297,832

Land Division (f):
Revenues from sales of real estate (i)	$	1,865			2,694			1,711			154			13,116			757			1,917
Cost of sales of real estate (i)		1,173			555			1,145			28			6,636			256			483

Margin (a) (i)	$	692			2,139			566			126			6,480			501			1,434
Margin percentage (c) (i)		37.1	%		79.4	%		33.1	%		81.8	%		49.4	%		66.2	%		74.8	%
Acres sold		3			1			3			—			38			1			1
Inventory of real estate (acres) (g)		6,676			6,870			6,676			6,679			6,679			6,717			6,870
Inventory of real estate ($)	$	200,976			204,611			200,976			195,068			189,903			212,704			204,611
Backlog of land (acres) — Third parties		326			98			326			260			259			291			98
Backlog of land ($) — Third parties	$	96,164			29,013			96,164			78,488			77,888			92,451			29,013


(a)		Margin is calculated as sales of real estate minus cost of sales of real estate. Homebuilding Division impairment charges and write-offs of deposits and pre-acquisition costs included in cost of sales for the quarters ended June 30, 2007 and September 30, 2007; totaled $63.0 million and $154.3 million, respectively. There were no impairment charges for the quarters ended June 30, 2008, March 31, 2008 and December 31, 2007.

(b)		Diluted loss per share takes into account the dilutive effect of our stock options and restricted stock using the treasury stock method and the dilution in earnings we recognize as a result of outstanding Bluegreen securities that entitle the holders thereof to acquire shares of Bluegreen’s common stock. The weighted average number of common shares outstanding in basic and diluted loss per share for all prior periods presented have been retroactively adjusted for a number of shares representing a bonus element arising from the rights offering that closed at a higher price ($2.05) on October 1, 2007 than the offering price of $2.00 per share.

(c)		Margin percentage is calculated by dividing margin by sales of real estate.

(d)		Calculated by dividing net loss by average shareholders’ equity. Average shareholders’ equity is calculated by averaging the equity balance at the end of the current period with the equity balance at the end of the same period in the prior year.

(e)		Backlog includes all homes subject to sales contracts.

(f)		There were no land sales to the Homebuilding Division during 2007. Any inter-segment transactions are eliminated in consolidation.

(g)		Estimated net saleable acres (subject to final zoning, permitting, and other governmental regulations / approvals). Includes approximately 56 acres related to assets held for sale as of June 30, 2008.

(h)		Average closing price of homes delivered excludes lot sales and land sales in the Homebuilding Division.

(i)		Consists of land sales, look back fees and revenue recognition of previously deferred revenue associated with percentage of completion accounting.

WOODBRIDGE HOLDINGS CORPORATION
Land Development Properties
As of: 6/30/08

$ Book

Acres Under

Non-

Net

Saleable

value per

Contract

Saleable

Total

Saleable

Closed

Acres

Saleable

to Third

Acres

Project

Location

Acres

Acres (a)

Acres

Remaining (c)

Acre ($000)

Parties (b)

Available (d)

Currently in Development

Tradition, FL

St. Lucie County, FL

8,246

2,583

5,663

1,794

3,869

293

3,576

Tradition, SC

Jasper County, SC

5,390

2,417

2,973

165

2,808

2,775

Total Currently in Development

13,636

5,000

8,636

1,959

6,676

326

6,350


(a)		Actual saleable acres may vary from original plan due to changes in zoning, project design, or other factors.

(b)		There can be no assurance that current property contracts will be consummated.

(c)		Includes approximately 56 acres related to assets held for sale as of June 30, 2008.

(d)		Saleable acres available for sale are approved for the following mix of use:

Acres

Residential

Commercial

Project

Available

Units*

Sq. Ft.

Tradition, FL

3,576

13,000

7,500,000

Tradition, SC

2,775

8,500

1,500,000

Total

6,350

21,500

9,000,000


*		Based on current plans for these communities. Management does not expect to utilize the full residential density allowed by the existing entitlements.