Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of Common Stock

v3.22.4
Earnings Per Share of Common Stock
 12 Months Ended
Dec. 31, 2022
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, 2022, 2021, and 2020, computed using the weighted-average number of common shares outstanding during the respective periods. 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.
For the Years Ended December 31,
(Dollars in thousands, except per-share amounts): 2022 2021 2020
Net loss attributable to common stockholders $ (15,010) $ (8,763) $ (4,396)
Weighted average shares of common stock outstanding – basic and diluted 34,563  30,357  22,258 
Loss per common share – basic and diluted $ (0.43) $ (0.29) $ (0.20)
The weighted-average number of OP Units held by non-controlling OP Unitholders was 61,714, 166,067, and 131,745 for the years ended December 31, 2022, 2021, and 2020, respectively.