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Income (Loss) Per Share/Income (Loss) Per Class A Unit
 3 Months Ended
Mar. 31, 2019
Vornado Realty L.P.  
Earnings per share  
Income (Loss) Per Share/Income (Loss) Per Class A Unit Income (Loss) Per Share/Income (Loss) Per Class A Unit

Vornado Realty Trust

The following table provides a reconciliation of both net income attributable to Vornado and the number of common shares used in the computation of (i) basic income (loss) per common share - which includes the weighted average number of common shares outstanding without regard to dilutive potential common shares, and (ii) diluted income (loss) per common share - which includes the weighted average common shares and dilutive share equivalents. Dilutive share equivalents may include our Series A convertible preferred shares, employee stock options, restricted stock awards, OP Performance Units, AO LTIP Units, Performance Conditioned AO LTIP Units and OPPs.
(Amounts in thousands, except per share amounts)
For the Three Months Ended March 31,
 
2019
 
2018
Numerator:
 
 
 
Income from continuing operations, net of income attributable to noncontrolling interests
$
194,150

 
$
10,021

Loss from discontinued operations, net of income attributable to noncontrolling interests
(128
)
 
(341
)
Net income attributable to Vornado
194,022

 
9,680

Preferred share dividends
(12,534
)
 
(13,035
)
Preferred share issuance costs
—

 
(14,486
)
Net income (loss) attributable to common shareholders
181,488

 
(17,841
)
Earnings allocated to unvested participating securities
(19
)
 
(11
)
Numerator for basic income (loss) per share
181,469

 
(17,852
)
Impact of assumed conversions:
 
 
 
Convertible preferred share dividends
15

 
—

Numerator for diluted income (loss) per share
$
181,484

 
$
(17,852
)
 
 
 
 
Denominator:
 
 
 
Denominator for basic income (loss) per share – weighted average shares
190,689

 
190,081

Effect of dilutive securities(1):
 
 
 
Employee stock options and restricted share awards
271

 
—

Convertible preferred shares
36

 
—

Denominator for diluted income (loss) per share – weighted average shares and assumed conversions
190,996

 
190,081

 
 
 
 
INCOME (LOSS) PER COMMON SHARE – BASIC:
 
 
 
Income (loss) from continuing operations, net
$
0.95

 
$
(0.09
)
Net income (loss) per common share
$
0.95

 
$
(0.09
)
 
 
 
 
INCOME (LOSS) PER COMMON SHARE – DILUTED:
 
 
 
Income (loss) from continuing operations, net
$
0.95

 
$
(0.09
)
Net income (loss) per common share
$
0.95

 
$
(0.09
)
____________________
(1)
The effect of dilutive securities for the three months ended March 31, 2019 and 2018 excludes an aggregate of 12,525 and 13,334 weighted average common share equivalents, respectively, as their effect was anti-dilutive.
19.
Income (Loss) Per Share/Income (Loss) Per Class A Unit - continued

Vornado Realty L.P.

The following table provides a reconciliation of both net income attributable to Vornado Realty L.P. and the number of Class A units used in the computation of (i) basic income (loss) per Class A unit - which includes the weighted average number of Class A units outstanding without regard to dilutive potential Class A units, and (ii) diluted income (loss) per Class A unit - which includes the weighted average Class A units and dilutive unit equivalents. Dilutive unit equivalents may include our Series A convertible preferred units, Vornado stock options, Vornado restricted stock awards, OP Units, AO LTIP Units, Performance Conditioned AO LTIP Units and OPPs.
(Amounts in thousands, except per unit amounts)
For the Three Months Ended March 31,
 
2019
 
2018
Numerator:
 
 
 
Income from continuing operations, net of income attributable to noncontrolling interests in consolidated subsidiaries
$
206,361

 
$
8,919

Loss from discontinued operations
(137
)
 
(363
)
Net income attributable to Vornado Realty L.P.
206,224

 
8,556

Preferred unit distributions
(12,575
)
 
(13,084
)
Preferred unit issuance costs
—

 
(14,486
)
Net income (loss) attributable to Class A unitholders
193,649

 
(19,014
)
Earnings allocated to unvested participating securities
(1,147
)
 
(771
)
Numerator for basic income (loss) per Class A unit
192,502

 
(19,785
)
Impact of assumed conversions:
 
 
 
Convertible preferred unit distributions
15

 
—

Numerator for diluted income (loss) per Class A unit
$
192,517

 
$
(19,785
)
 
 
 
 
Denominator:
 
 
 
Denominator for basic income (loss) per Class A unit – weighted average units
202,772

 
201,929

Effect of dilutive securities(1):
 
 
 
Vornado stock options and restricted unit awards
536

 
—

Convertible preferred units
36

 
—

Denominator for diluted income (loss) per Class A unit – weighted average units and assumed conversions
203,344

 
201,929

 
 
 
 
INCOME (LOSS) PER CLASS A UNIT – BASIC:
 
 
 
Income (loss) from continuing operations, net
$
0.95

 
$
(0.10
)
Net income (loss) per Class A unit
$
0.95

 
$
(0.10
)
 
 
 
 
INCOME (LOSS) PER CLASS A UNIT – DILUTED:
 
 
 
Income (loss) from continuing operations, net
$
0.95

 
$
(0.10
)
Net income (loss) per Class A unit
$
0.95

 
$
(0.10
)
____________________
(1)
The effect of dilutive securities for the three months ended March 31, 2019 and 2018 excludes an aggregate of 177 and 1,446 weighted average Class A unit equivalents, respectively, as their effect was anti-dilutive.