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Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted

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



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Net loss attributable to common stockholders (in thousands)	$	(22,811	)	$	(6,054	)	$	(47,555	)	$	(11,165	)
Basic and diluted weighted-average shares outstanding	91,980,953			91,783,557			91,970,957			92,335,665
Basic and diluted net loss per share	$	(0.25	)	$	(0.07	)	$	(0.52	)	$	(0.12	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company had the following common stock equivalents on a weighted-average basis that were excluded from the calculation of diluted net loss per share attributable to stockholders as their effect would have been antidilutive for the periods presented:



	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
Unvested restricted shares ⁽¹⁾	277,200	322,131	277,220	322,186
OP Units ⁽²⁾	405,998	405,998	405,998	405,998
Class B Units ⁽³⁾	359,250	359,250	359,250	359,250
Total weighted average antidilutive common stock equivalents	1,042,448	1,087,379	1,042,468	1,087,434

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⁽¹⁾	Weighted average number of antidilutive unvested restricted shares outstanding for the periods presented. There were 276,974 and 321,709 unvested restricted shares outstanding as of June 30, 2020 and 2019, respectively.

⁽²⁾ Weighted average number of antidilutive OP Units outstanding for the periods presented. There were 405,998 OP Units outstanding as of June 30, 2020 and 2019.

⁽³⁾

Weighted average number of antidilutive Class B Units outstanding for the periods presented. There were 359,250 and 359,250 Class B Units outstanding as of June 30, 2020 and 2019. These Class B Units are unvested as of June 30, 2020 and 2019 (see Note 9 — Related Party Transactions for additional information).