Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
Earnings Per Share
 
For the Three-Month Periods Ended
 
For the One-Month Transition Period Ended December 31, 2012

March 31, 2013
 
February 29, 2012
 
Net income attributable to CORR Stockholders
$
2,412,753

 
$
5,747,041

 
$
(1,503,396
)
Basic and diluted weighted average shares (1)
24,141,720

 
9,176,889

 
15,564,861

Basic and diluted earnings per share attributable to CORR Stockholders
$
0.10

 
$
0.63

 
$
(0.10
)
(1)
Warrants to purchase shares of common stock were outstanding during the periods reflected in the table above, but were not included in the computation of diluted earnings per share because the warrants’ exercise price was greater than the average market value of the common shares and, therefore, the effect would be anti-dilutive.
The decrease in earnings per share for the three-month period ended March 31, 2013 as compared to the three-month period ended February 29, 2012 reflects the overall change in the business structure as the Company transitions out of securities-based transactions and into ownership and leasing of real property assets. Additionally, 14,950,000 shares were issued in the one-month transition period ended December 31, 2012.