Earnings Per Share

The Company calculates basic earnings per share by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period. The Company calculates diluted earnings per share by dividing the diluted net income available to common stockholders for the period by the w eighted average number of common shares and dilutive instruments outstanding during the period using the treasury stock method or the if-converted method, whichever is more dilutive. Unvested time-based RSUs and unvested OPP awards that contain nonforfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The following table reconciles the numerator and denominator in computing the Company’s basic and diluted earnings per share for net income available to common stockholders:
 
Three Months Ended March 31,
 
2017
 
2016
Numerator:
 
 
 
Net income
$
24,153

 
$
5,976

Income attributable to preferred units
(159
)
 
(159
)
Income attributable to participating securities
(240
)
 
(197
)
Income attributable to non-controlling interest in consolidated entities
(3,037
)
 
(1,945
)
Income attributable to non-controlling units of the operating partnership
(202
)
 
(1,422
)
Basic net income available to common stockholders
20,515

 
2,253

Effect of dilutive instruments
149

 

Diluted net income available to common stockholders
$
20,664

 
$
2,253

Denominator:
 
 
 
Basic weighted average common shares outstanding
147,950,594

 
89,190,803

Effect of dilutive instruments(1)
1,999,752

 
407,000

Diluted weighted average common shares outstanding
149,950,346

 
89,597,803

Basic earnings per common share
$
0.14

 
$
0.03

Diluted earnings per common share
$
0.14

 
$
0.03

________________
(1)
The Company includes unvested awards and convertible common units as contingently issuable shares in the computation of diluted earnings per share once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Hudson Pacific: Former Eop Portfolio Value Creation November 17, 2017 - Nov. 17, 2017
Major owner of Hudson Pacific Properties just disposed of 17,417 shares - Nov. 9, 2017
Hudson Pacific Properties Just Filed Its Quarterly Report: Earnings Per ShareHu... - Nov. 6, 2017
Hudson Pacific Properties Reports Third Quarter Financial Results - Nov. 2, 2017

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