Net Loss Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Net Loss Per Share

Net Loss Per Share

The following is a summary of the basic and diluted net loss per share computations for the periods presented:  

	Three Months Ended March 31,
	2015			2014
Net loss attributable to stockholders (In thousands)	$	(8,199	)	$	(8,156	)
Weighted average shares outstanding, basic and diluted	162,092,424			175,068,005
Net loss per share attributable to stockholders, basic and diluted	$	(0.05	)	$	(0.05	)

Diluted net loss per share assumes the conversion of all common share equivalents into an equivalent number of common shares, unless the effect is antidilutive.  The Company considers unvested restricted stock, OP units, Class B units and LTIP units to be common share equivalents. The Company had the following common share equivalents for the periods presented, which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive:

	Three Months Ended March 31,
	2015	2014
Unvested restricted stock	371,016	24,000
OP units	4,270,841	200
Class B units(1)	—	799,332
LTIP units	8,880,579	—
Total anti-dilutive common share equivalents	13,522,436	823,532

_____________________

(1) Upon the occurrence of the Listing, Class B units were converted to OP units on a one-for-one basis.