Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of Common Stock

v3.8.0.1
Earnings Per Share of Common Stock
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE OF COMMON STOCK
EARNINGS PER SHARE OF COMMON STOCK
The following table sets forth the computation of basic and diluted (loss) earnings per common share for the three months ended March 31, 2018 and 2017, computed using the weighted average number of shares outstanding during the respective periods. Net (loss) income 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 (loss) earnings per share calculation, as there would be no effect on the amounts since the non-controlling limited partners’ share of (loss) income would also be added back to net (loss) income.
 
 
For the Three Months Ended March 31,
 
 
2018
 
2017
 
 
(Dollars in thousands, except per-share amounts)
Net (loss) income attributable to the Company
 
$
(297
)
 
$
152

Weighted average shares of common shares outstanding – basic and diluted
 
13,957,732

 
10,395,736

(Loss) earnings per common share – basic and diluted
 
$
(0.02
)
 
$
0.01


The weighted-average number of OP Units held by non-controlling limited partners was 977,272 and 1,449,258 for the three months ended March 31, 2018 and 2017, respectively.