Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

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,
	2015			2014
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	9,207		$	3,287
Less net income attributable to non-controlling interests	(1,351		)	(27		)
Less earnings allocated to unvested restricted stock (a)	(261		)	(178		)
Income from continuing operations available for common stockholders	7,595			3,082
Discontinued operations	—			13
Net income available for common stockholders, basic and diluted	$	7,595		$	3,095

Denominator for basic earnings per share:
- weighted average common shares	15,776			15,356
Effect of diluted securities:
- restricted stock units awarded under Pay-for-Performance program	100			100
Denominator for diluted earnings per share
- weighted average shares	15,876			15,456

Earnings per common share, basic	$	.48		$	.20
Earnings per common share, diluted	$	.48		$	.20

Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests:
Income from continuing operations	$	7,856		$	3,260
Income from discontinued operations	—			13
Net income attributable to One Liberty Properties, Inc.	$	7,856		$	3,273

(a)

Represents an allocation to unvested restricted stock, which as participating securities are entitled to receive dividends.