Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share of Common Stock

v3.20.1
Earnings (Loss) Per Share of Common Stock
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE OF COMMON STOCK
EARNINGS (LOSS) PER SHARE OF COMMON STOCK
The following table sets forth the computation of basic and diluted earnings (loss) per common share for the three months ended March 31, 2020 and 2019, computed using the weighted average number of shares outstanding during the respective periods. Net earnings (loss) figures are presented net of non-controlling interests in the earnings per share calculations. The non-controlling limited partners’ outstanding OP Units (which may be redeemed for shares of common stock) have been excluded from the diluted per-share calculation, as there would be no effect on the amounts since the non-controlling OP Unitholders’ share of earnings would also be added back to net income (loss).
 
Three months ended March 31,
 
2020
 
2019
 
(Dollars in thousands, except per-share amounts)
Net income (loss) attributable to common stockholders
$
934

 
$
(496
)
Weighted average shares of common stock outstanding – basic and diluted
21,262,080

 
18,028,826

Earnings (loss) per common share – basic and diluted
$
0.04

 
$
(0.03
)

The weighted-average number of OP Units held by non-controlling OP Unitholders was 288,303 and 433,393 for the three months ended March 31, 2020 and 2019, respectively.