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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Rental income, net $ 11,641 $ 11,103
Operating expenses:    
Depreciation and amortization 2,509 2,325
General and administrative (including $572 and $447, respectively, to related party) 1,890 1,600
Real estate acquisition costs 43 27
Real estate expenses (including $150 in both periods to related party) 686 611
Leasehold rent 77 77
Total operating expenses 5,205 4,640
Operating income 6,436 6,463
Other income and expenses:    
Equity in net earnings of unconsolidated joint ventures 69 31
Other income 15 12
Interest:    
Expense (3,416) (3,641)
Amortization of deferred financing costs (197) (313)
Gain on sale of real estate 319  
Income from continuing operations 3,226 2,552
Income from discontinued operations   180
Net income 3,226 2,732
Less net income attributable to non-controlling interest (3)  
Net income attributable to One Liberty Properties, Inc. $ 3,223 $ 2,732
Weighted average number of common shares outstanding:    
Basic (in shares) 14,289 13,117
Diluted (in shares) 14,389 13,117
Per common share attributable to common stockholders - basic:    
Income from continuing operations (in dollars per share) $ 0.22 $ 0.20
Income from discontinued operations (in dollars per share)   $ 0.01
Per common share attributable to common stockholders - basic (in dollars per share) $ 0.22 $ 0.21
Per common share attributable to common stockholders - diluted:    
Income from continuing operations (in dollars per share) $ 0.21 $ 0.20
Income from discontinued operations (in dollars per share)   $ 0.01
Per common share attributable to common stockholders - diluted (in dollars per share) $ 0.21 $ 0.21
Cash distribution declared per share of common stock (in dollars per share) $ 0.33 $ 0.33