Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share of Common Stock

v3.6.0.2
Earnings (Loss) Per Share of Common Stock
 12 Months Ended
Dec. 31, 2016
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, 2016, 2015 and 2014, computed using the weighted-average number of shares outstanding during the respective periods. The non-controlling limited partners' outstanding OP Units (which may be redeemed for shares of common stock) have been excluded from the diluted earnings 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 (subtracted from) net income (loss). Net income (loss) figures are presented net of non-controlling interests in the earnings (loss) per share calculation.
 
 
2016
 
2015
 
2014
Net income (loss) attributable to the Company
 
$
448,102

 
$
568,545

 
$
(125,133
)
Weighted average number of common shares outstanding – basic and diluted
 
10,007,350

 
8,639,397

 
6,852,917

Earnings (loss) per common share – basic and diluted
 
$
0.04

 
$
0.07

 
$
(0.02
)

For the year ended December 31, 2016, the weighted-average number of OP Units held by non-controlling limited partners was 766,351. There were no OP Units held by anyone other than the Company during 2015 or 2014.