Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share of Common Stock

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Earnings (Loss) Per Share of Common Stock
 12 Months Ended
Dec. 31, 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 years ended December 31, 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 (loss) 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).
 
 
2018
 
2017
 
 
(Dollars in thousands, except per-share amounts)
Net income (loss) attributable to the Company
 
$
2,250

 
$
(31
)
Weighted average shares of common stock outstanding – basic and diluted
 
15,503,341

 
12,055,791

Earnings (loss) per common share – basic and diluted
 
$
0.15

 
$
—


The weighted-average number of OP Units held by non-controlling limited partners was 809,022 and 1,358,790 for the years ended December 31, 2018 and 2017, respectively.