Earnings Per Share of Common Stock

12 Months Ended

Dec. 31, 2020

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.