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EARNINGS PER COMMON SHARE (Tables) | 12 Months Ended
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Dec. 31, 2017
EARNINGS PER COMMON SHARE |
Schedule of diluted weighted average number of shares of common stock includes common stock underlying RSUs awarded |
|  |  |  | Year Ended December 31, |
|  | Number of underlying shares |
|  | 2017 |  | 2016 |  | 2015 |
2009 Incentive Plan |  |  | 200,000 |  |  | — | (a) |  | 114,000 |  |  | 108,000 |
2016 Incentive Plan |  |  | 76,250 |  |  | 71,478 | (b) |  | — |  |  | — |
(a) | RSUs with respect to 113,584 shares vested on June 30, 2017 and such shares were issued in August 2017.
(b) | Includes 33,353 shares that would be issued pursuant to a return on capital performance metric and 38,125 shares that would be issued pursuant to a stockholder return metric, assuming the end of the quarterly period was the June 30, 2020 vesting date. The remaining 4,772 shares awarded pursuant to the capital performance metric (of a total of 38,125 that were awarded on September 26, 2017) are not included.
Schedule of reconciliation of the 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):
|  | Year Ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 24,249 |  | $ | 24,481 |  | $ | 21,907 |
Less net income attributable to non-controlling interests |  |  | (102 | ) |  | (59 | ) |  | (1,390 | )
Less earnings allocated to unvested restricted stock(a) |  |  | (1,072 | ) |  | (999 | ) |  | (852 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income available for common stockholders: basic and diluted |  | $ | 23,075 |  | $ | 23,423 |  | $ | 19,665 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for basic earnings per share: |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares |  |  | 17,944 |  |  | 16,768 |  |  | 15,971 |
Effect of diluted securities: |  |  |  |  |  |  |  |  |  |
RSUs |  |  | 103 |  |  | 114 |  |  | 108 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator for diluted earnings per share: |  |  |  |  |  |  |  |  |  |
Weighted average number of shares |  |  | 18,047 |  |  | 16,882 |  |  | 16,079 |
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Earnings per common share, basic |  | $ | 1.29 |  | $ | 1.40 |  | $ | 1.23 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common share, diluted |  | $ | 1.28 |  | $ | 1.39 |  | $ | 1.22 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to One Liberty Properties, Inc. common stockholders, net of non-controlling interests |  | $ | 24,147 |  | $ | 24,422 |  | $ | 20,517 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(a) | Represents an allocation of distributed earnings to unvested restricted stock which, as participating securities, are entitled to receive dividends.

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