Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share of Common Stock

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Earnings (Loss) Per Share of Common Stock
 9 Months Ended
Sep. 30, 2018
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 and nine months ended September 30, 2018 and 2017, computed using the weighted average number of shares outstanding during the respective periods. Net income (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 earnings (loss) per share calculation, as there would be no effect on the amounts since the non-controlling limited partners’ share of income (loss) would also be added back to net income (loss).
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(Dollars in thousands, except per-share amounts)
Net income (loss) attributable to common stockholders
 
$
5,593

 
$
(221
)
 
$
3,551

 
$
158

Weighted average shares of common shares outstanding – basic and diluted
 
16,057,957

 
12,271,925

 
15,181,760

 
11,512,968

Earnings (loss) per common share – basic and diluted
 
$
0.35

 
$
(0.02
)
 
$
0.23

 
$
0.01


The weighted-average number of OP Units held by non-controlling limited partners was 683,527 and 857,041, for the three and nine months ended September 30, 2018, respectively, and 1,444,435 and 1,447,633 for each of the three and nine months ended September 30, 2017, respectively.