| Earnings Per Share |
14. Earnings Per Share The Company's net income (loss) and weighted-average number of shares outstanding for the three and six months ended June 30, 2025 and 2024 consists of the following ($ and shares in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Net income (loss) attributable to JPMREIT stockholders |
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$ |
32 |
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$ |
(3,633 |
) |
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$ |
1,712 |
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$ |
(5,205 |
) |
Weighted-average shares of common stock outstanding, basic |
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65,443 |
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16,811 |
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58,122 |
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15,332 |
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Weighted-average shares of common stock outstanding, diluted |
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65,449 |
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16,811 |
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58,127 |
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15,332 |
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The calculation of basic and diluted net income (loss) per share amounts for the three and six months ended June 30, 2025 and 2024 consists of the following ($ and shares in thousands except per-share numbers):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Basic Net Income (Loss) per Share Attributable to JPMREIT Stockholders |
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Numerator: |
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Net income (loss) attributable to JPMREIT stockholders |
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$ |
32 |
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$ |
(3,633 |
) |
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$ |
1,712 |
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$ |
(5,205 |
) |
Denominator: |
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Weighted-average shares of common stock outstanding |
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65,443 |
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16,811 |
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58,122 |
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15,332 |
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Basic net income (loss) per share of common stock |
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$ |
0.00 |
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$ |
(0.22 |
) |
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$ |
0.03 |
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$ |
(0.34 |
) |
Diluted Net Income (Loss) per Share Attributable to JPMREIT Stockholders |
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Numerator: |
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Net income (loss) attributable to JPMREIT stockholders |
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$ |
32 |
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$ |
(3,633 |
) |
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$ |
1,712 |
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$ |
(5,205 |
) |
Denominator: |
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Weighted-average shares of common stock outstanding |
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65,449 |
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16,811 |
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58,127 |
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15,332 |
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Diluted net income (loss) per share of common stock |
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$ |
0.00 |
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$ |
(0.22 |
) |
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$ |
0.03 |
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$ |
(0.34 |
) |
For the three and six months ended June 30, 2025, unvested Class E common shares awarded to the Company's independent directors are included in the calculation of diluted earnings per share while they are excluded for the three and six months ended June 30, 2024 as the inclusion of such potential common shares in the calculations would be anti-dilutive for the periods. There were no other potentially dilutive, unvested common shares for the three and six months ended June 30, 2025 and 2024.
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