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, 1995 and 1994
(Unaudited)
(in thousands, except for shares and per share amounts)
Three Months Nine Months
Ended September 30, Ended September 30,
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1995 1994 1995 1994
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Primary income (loss) per share
applicable to Common Stock:
Weighted average common
shares outstanding 8,814,832 4,261,351 8,808,673 4,146,011
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Net income (loss) $ 596 $ 584 $ (3,733) $ (2,957)
Earnings applicable to
Preferred Stock (723) (658) (2,147) (1,953)
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Net income (loss) applicable to
Common Stockholders $ (127) $ (74) $ (5,880) $ (4,910)
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Net income (loss) per common
share and equivalents applicable
to Common Stock $ (.01) $ (.02) $ (.67) $ (1.18)
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Fully-diluted income (loss) per share
applicable to Common Stock:
Weighted average common
shares outstanding 8,814,832 4,261,351 8,808,673 4,146,011
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Net income (loss) $ (127) $ (74) $ (5,880) $ (4,910)
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Net income (loss) per common
share and equivalents applicable
to Common Stock $ (.01) $ (.02) $ (.67) $ (1.18)
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