GRUBB & ELLIS COMPANY AND SUBSIDIARIES
EXHIBIT (11) STATEMENT RE COMPUTATION OF
PER SHARE EARNINGS - FORM 10-Q
for the three-months ended
September 30, 1996 and 1995
(Unaudited)
(in thousands, except for shares and per share amounts)
Three Months
Ended September 30,
-----------------------
1996 1995
-------- -------
Primary income (loss) per share applicable
to Common Stock:
Weighted average common
shares outstanding 8,916,567 8,814,832
--------- ---------
Net income $ 1,296 $ 596
Earnings applicable to Preferred Stock (795) (723)
--------- ---------
Net income (loss) applicable to Common
Stockholders $ 501 $ (127)
--------- ---------
Net income (loss) per common share
and equivalents applicable to
Common Stock $ .06 $ (.01)
--------- ---------
Fully-diluted income (loss) per share
applicable to Common Stock:
Weighted average common shares outstanding 8,916,567 8,814,832
--------- ---------
Net income (loss) $ 501 $ (127)
--------- ---------
Net income (loss) per common share and
equivalents applicable to Common Stock $ .06 $ (.01)
--------- ---------
19