Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share of Common Stock

v3.19.1
Loss Per Share of Common Stock
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
LOSS PER SHARE OF COMMON STOCK
LOSS PER SHARE OF COMMON STOCK
The following table sets forth the computation of basic and diluted loss per common share for the three months ended March 31, 2019 and 2018, 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 loss per share calculation, as there would be no effect on the amounts since the non-controlling limited partners’ share of loss would also be added back to net loss.
 
 
Three months ended March 31,
 
 
2019
 
2018
 
 
(Dollars in thousands, except per-share amounts)
Net loss attributable to common stockholders
 
$
(496
)
 
$
(297
)
Weighted average shares of common shares outstanding – basic and diluted
 
18,028,826

 
13,957,732

Loss per common share – basic and diluted
 
$
(0.03
)
 
$
(0.02
)

The weighted-average number of OP Units held by non-controlling limited partners was 433,393 and 977,272, for the three months ended March 31, 2019 and 2018, respectively.