GRUBB & ELLIS COMPANY AND SUBSIDIARIES
EXHIBIT (11) STATEMENT RE COMPUTATION OF
PER SHARE EARNINGS - FORM 10-Q
FOR THE THREE MONTHS ENDED
SEPTEMBER 30, 1997 AND 1996
(UNAUDITED)
(IN THOUSANDS, EXCEPT FOR SHARE DATA)
Three Months
Ended September 30,
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1997 1996
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Primary income per share applicable to
Common Stock:
Weighted average common shares and
equivalents outstanding 22,036,137 8,916,567
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Net income $ 3,035 $ 1,296
Dividends in arrears on Preferred Stock -- (795)
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Net income applicable to Common Stockholders $ 3,035 $ 501
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Net income per common share and equivalents $ .14 $ .06
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Fully diluted income per share applicable
to Common Stock:
Weighted average common shares and
equivalents outstanding 22,036,137 8,916,567
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Net income $ 3,035 $ 501
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Net income per common share and equivalents $ .14 $ .06
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