GRUBB & ELLIS COMPANY AND SUBSIDIARIES
EXHIBIT (11) STATEMENT RE COMPUTATION OF
PER SHARE EARNINGS - FORM 10-Q
for the three-month and nine-month periods ended
September 30, 1994 and 1993
(unaudited)
(in thousands except for shares and per share amounts)
Three Months Nine Months
Ended September 30, Ended September 30,
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1994 1993 1994 1993
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Primary income (loss) per share
applicable to Common Stock:
Weighted average common
shares outstanding 4,261,351 4,060,268 4,146,011 4,006,156
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Net income (loss) $ 584 $ (638) $ (2,957) $ (4,848)
Earnings applicable to
Preferred Stock (658) (599) (1,953) (1,597)
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Net income (loss) applicable to
Common Stockholders $ (74) $ (1,237) $ (4,910) $ (6,445)
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Net income (loss) per common
share and equivalents applicable
to Common Stock $ (.02) $ (.30) $ (1.18) $ (1.61)
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Fully-diluted income (loss) per share
applicable to Common Stock:
Weighted average common
shares outstanding 4,261,351 4,060,268 4,146,011 4,006,156
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Net income (loss) $ (74) $ (1,237) $ (4,910) $ (6,445)
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Net income (loss) per common
share and equivalents applicable
to Common Stock $ (.02) $ (.30) $ (1.18) $ (1.61)
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