The following is a summary of the basic and diluted net loss per share computation for ARCP for the year ended December 31, 2014, 2013 and 2012 (dollar amounts in thousands, except for share and per share data):



	Year Ended December 31,
	2014			2013			2012
Net loss from continuing operations attributable to the Company	$	(977,185	)	$	(491,466	)	$	(40,961	)
Net loss from discontinued operations attributable to common stockholders	—			(33		)	(691		)
Net loss attributable to the Company	(977,185		)	(491,499		)	(41,652		)
Less: dividends to preferred shares and participating securities	104,057			3,631			368
Net loss attributable to common stockholders	$	(1,081,242	)	$	(495,130	)	$	(42,020	)

Weighted average number of common shares outstanding - basic and diluted	793,150,098			205,341,431			103,306,366

Basic and diluted net loss per share from continuing operations attributable to common stockholders	$	(1.36	)	$	(2.41	)	$	(0.40	)
Basic and diluted net loss per share from discontinued operations attributable to common stockholders	$	—		$	—		$	(0.01	)
Basic and diluted net loss per share attributable to common stockholders	$	(1.36	)	$	(2.41	)	$	(0.41	)

As of December 31, 2014, 23,763,797 OP Units outstanding, which are convertible to an equal number of shares of its common stock and 2,684,062 shares of unvested restricted stock outstanding were excluded from the calculation of diluted net loss per share as the effect would have been antidilutive.

Net Loss Per Unit

The following is a summary of the basic and diluted net loss per unit computation for the OP for the year ended December 31, 2014, 2013 and 2012 (dollar amounts in thousands, except for unit and per unit data):



	Year Ended December 31,
	2014			2013			2012
Net loss from continuing operations attributable to the Operating Partnership	$	(1,010,912	)	$	(507,781	)	$	(41,492	)
Net loss from discontinued operations attributable to the Operating Partnership	—			(34		)	(745		)
Net loss attributable to the Operating Partnership	(1,010,912		)	(507,815		)	(42,237		)
Less: dividends to preferred units and participating securities	104,057			3,631			368
Net loss attributable to common unitholders	$	(1,114,969	)	$	(511,446	)	$	(42,605	)

Weighted average number of common shares outstanding - basic and diluted	817,883,937			214,352,289			104,083,222

Basic and diluted net loss from continuing operations per unit attributable to common unitholders	$	(1.36	)	$	(2.39	)	$	(0.40	)
Basic and diluted net loss from discontinued operations per unit attributable to common unitholders	$	—		$	—		$	(0.01	)
Basic and diluted net loss per unit attributable to common unitholders	$	(1.36	)	$	(2.39	)	$	(0.41	)