COMMON STOCK AND EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

COMMON STOCK AND EARNINGS PER SHARE

COMMON STOCK AND EARNINGS PER SHARE

NOTE 10. COMMON STOCK AND EARNINGS PER SHARE

Basic earnings per common share are computed by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share are determined based on the assumption of the conversion of OP Units on a one-for-one basis using the treasury stock method at average market prices for the periods. 

	Three Months Ended
	March 31, 2020		March 31, 2019
	The Company		Predecessor
Net Income	$	14,632	$	875,848
Weighted Average Number of Common Shares Outstanding		7,896,757		N/A
Common Shares Applicable to OP Units using Treasury Stock Method		1,223,854		N/A
Total Shares Applicable to Diluted Earnings per Share		9,120,611		N/A
Per Common Share Data:
Net Income
Basic	$	—		N/A
Diluted	$	—		N/A