Bluerock Residential Growth Just Filed Its Quarterly Report: The following table ...

The following table reconciles the components of basic and diluted net (loss) income per common share (amounts in thousands, except share and per share amounts):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2021

    

2020

    

2021

    

2020

Net (loss) income attributable to common stockholders

$

(5,429)

$

15,090

$

18,152

$

(1,403)

Dividends on restricted stock and LTIP Units expected to vest

 

(384)

 

(342)

 

(767)

 

(666)

Basic net (loss) income attributable to common stockholders

$

(5,813)

$

14,748

$

17,385

$

(2,069)

Weighted average common shares outstanding (1)

 

28,129,862

 

24,307,147

 

25,623,537

 

24,197,479

Potential dilutive shares (2)

 

 

37,887

 

64,993

 

Weighted average common shares outstanding and potential dilutive shares (1)

 

28,129,862

 

24,345,034

 

25,688,530

 

24,197,479

Net (loss) income per common share, basic

$

(0.21)

$

0.61

$

0.68

$

(0.09)

Net (loss) income per common share, diluted

$

(0.21)

$

0.61

$

0.68

$

(0.09)

(1)Amounts relate to shares of the Company’s Class A and Class C common stock outstanding.
(2)For the three months ended June 30, 2021, potential vesting of restricted stock to employees for 53,988 shares of Class A common stock are excluded from the diluted shares calculation as the effect is antidilutive. For the six months ended June 30, 2021, the following are included in the diluted shares calculation: a) Warrants outstanding from issuances in conjunction with the Company’s Series B Preferred Stock offerings that are potentially exercisable for 11,932 shares of Class A common stock, and b) potential vesting of restricted stock to employees for 53,061 shares of Class A common stock.

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

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