Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of reconciliation of numerator and denominator of earnings per share calculations

The following table provides a reconciliation of the numerator and denominator of earnings per share calculations (amounts in thousands, except per share amounts):

	Three Months Ended March 31,
	2014			2013
Numerator for basic and diluted earnings per share:

Income from continuing operations	$	3,287		$	3,313
Less net (income) loss attributable to non-controlling interests	(27		)	1
Less earnings allocated to unvested shares	(178		)	(165		)
Income from continuing operations available for common stockholders	3,082			3,149
Discontinued operations	13			136
Net income available for common stockholders, basic and diluted	$	3,095		$	3,285

Denominator for basic earnings per share:
- weighted average common shares	15,356			14,672

- weighted average unvested restricted stock shares	—			—
	15,356			14,672
Effect of diluted securities:
- restricted stock units awarded under Pay-for-Performance program	100			100
Denominator for diluted earnings per share
- weighted average shares	15,456			14,772

Earnings per common share, basic	$	.20		$	.22
Earnings per common share, diluted	$	.20		$	.22

Amounts attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests:
Income from continuing operations	$	3,260		$	3,314
Income from discontinued operations	13			136

Net income attributable to One Liberty Properties, Inc.	$	3,273		$	3,450