Annual report pursuant to Section 13 and 15(d)

(Loss) Earnings Per Share of Common Stock

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(Loss) Earnings Per Share of Common Stock
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
(Loss) Earnings Per Share of Common Stock
(LOSS) EARNINGS PER SHARE OF COMMON STOCK
The following table sets forth the computation of basic and diluted (loss) earnings per common share for the years ended December 31, 2019 and 2018, computed using the weighted-average number of shares outstanding during the respective periods. Net (loss) 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 (loss) income.
 
 
2019
 
2018
 
 
(Dollars in thousands, except per-share amounts)
Net (loss) income attributable to common stockholders
 
$
(2,499
)
 
$
2,250

Weighted average shares of common stock outstanding – basic and diluted
 
19,602,533

 
15,503,341

(Loss) earnings per common share – basic and diluted
 
$
(0.13
)
 
$
0.15


The weighted-average number of OP Units held by non-controlling OP Unitholders was 235,613 and 809,022 for the years ended December 31, 2019 and 2018, respectively.