Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of Common Stock (Tables)

v3.7.0.1
Earnings Per Share of Common Stock (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2017 and 2016, computed using the weighted average number of shares outstanding during the respective periods. The non-controlling limited partners’ outstanding OP Units (which may be redeemed for shares of common stock) have been excluded from the diluted earnings per share calculations, as there would be no effect on the amounts since the non-controlling limited partners’ share of income would also be added back to net income. Net income figures are presented net of non-controlling interests in the earnings per share calculations.
 
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
 
2017
 
2016
 
2017
 
2016
 
 
(Dollars in thousands, except per-share amounts)
Net income attributable to the Company
 
$
227

 
$
108

 
$
379

 
$
342

Weighted average number of common shares outstanding – basic and diluted
 
11,850,624

 
9,992,941

 
11,127,199

 
9,992,941

Earnings per common share – basic and diluted
 
$
0.02

 
$
0.01

 
$
0.03

 
$
0.03