Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of Common Stock

v3.20.2
Earnings Per Share of Common Stock
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE OF COMMON STOCK EARNINGS PER SHARE OF COMMON STOCK
The following table sets forth the computation of basic and diluted net loss per common share for the three and six months ended June 30, 2020 and 2019, computed using the weighted average number of shares outstanding during the respective
periods. Net 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 loss.
 
Three months ended June 30,
 
Six months ended June 30,
 
2020
 
2019
 
2020
 
2019
 
(Dollars in thousands, except per-share amounts)
 
(Dollars in thousands, except per-share amounts)
Net loss attributable to common stockholders
$
(2,078
)
 
$
(720
)
 
$
(1,144
)
 
$
(1,215
)
Weighted average shares of common stock outstanding – basic and diluted
21,418,455

 
18,641,738

 
21,340,268

 
18,336,975

Loss per common share – basic and diluted
$
(0.10
)
 
$
(0.04
)
 
$
(0.05
)
 
$
(0.07
)

The weighted-average number of OP Units held by non-controlling OP Unitholders was 224,940 and 256,621 for the three and six months ended June 30, 2020, respectively, and 0 and 215,499 for the three and six months ended June 30, 2019, respectively.