Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of Common Stock

v3.20.4
Earnings Per Share of Common Stock
 12 Months Ended
Dec. 31, 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 earnings per common share for the years ended December 31, 2020 and 2019, computed using the weighted-average number of shares outstanding during the respective periods. Net earnings 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 income or loss.
2020 2019
(Dollars in thousands, except per-share amounts)
Net loss attributable to common stockholders $ (4,396) $ (2,499)
Weighted average shares of common stock outstanding – basic and diluted 22,258,121  19,602,533 
Loss per common share – basic and diluted $ (0.20) $ (0.13)
The weighted-average number of OP Units held by non-controlling OP Unitholders was 131,745 and 235,613 for the years ended December 31, 2020 and 2019, respectively.