Earnings Per Share

6 Months Ended

Jun. 30, 2024

14. Earnings Per Share

The Company's net loss and weighted-average number of shares outstanding for the three and six months ended June 30, 2024 and 2023 consists of the following ($ and shares in thousands):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Net loss attributable to JPMREIT stockholders	$	(3,633	)	$	(2,582	)	$	(5,205	)	$	(9,000	)
Weighted-average shares of common stock outstanding, basic and diluted		16,811			7,093			15,332			5,525

The calculation of basic and diluted net loss per share amounts for the three and six months ended June 30, 2024 and 2023 consists of the following ($ and shares in thousands except per-share numbers):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Basic and Diluted Net Loss per Share Attributable to JPMREIT Stockholders
Numerator:
Net loss attributable to JPMREIT stockholders	$	(3,633	)	$	(2,582	)	$	(5,205	)	$	(9,000	)
Denominator:
Weighted-average shares of common stock outstanding		16,811			7,093			15,332			5,525
Basic and diluted net loss per share of common stock	$	(0.22	)	$	(0.36	)	$	(0.34	)	$	(1.63	)

For the three and six months ended June 30, 2024 and 2023, unvested Class E common shares awarded to the Company's independent directors are excluded from the calculation of diluted earnings per share as the inclusion of such potential common shares in the calculation would be anti-dilutive. There were no other potentially dilutive, unvested common shares for the three and six months ended June 30, 2024 and 2023.