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EARNINGS PER COMMON SHARE (Tables)

12 Months Ended

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
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
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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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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