Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of Common Stock (Tables)

v3.24.0.1
Earnings Per Share of Common Stock (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31, 2023, 2022, and 2021, computed using the weighted-average number of common shares outstanding during the respective periods. Earnings 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 or loss.
For the Years Ended December 31,
(Dollars in thousands, except per-share amounts): 2023 2022 2021
Net loss attributable to common stockholders $ (9,852) $ (15,010) $ (8,763)
Weighted average shares of common stock outstanding – basic and diluted 35,733,742  34,563,460  30,357,268 
Loss per common share – basic and diluted $ (0.28) $ (0.43) $ (0.29)