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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rental income, net $ 12,227 $ 11,102 $ 24,329 $ 21,860
Operating expenses:        
Depreciation and amortization 2,717 2,410 5,386 4,753
General and administrative (including $572, $572, $1,144 and $1,144, respectively, to related party) 1,944 1,749 3,904 3,590
Federal excise and state taxes 184 47 226 96
Real estate acquisition costs 126 123 278 166
Real estate expenses (including $150, $150, $300 and $300, respectively, to related party) 751 677 1,524 1,299
Leasehold rent 77 77 154 154
Total operating expenses 5,799 5,083 11,472 10,058
Operating income 6,428 6,019 12,857 11,802
Other income and expenses:        
Equity in earnings of unconsolidated joint ventures 57 534 391 748
Gain on disposition of real estate - unconsolidated joint venture 2,807   2,807  
Gain on sale - unconsolidated joint venture interest 1,898   1,898  
Other income 11 209 80 223
Interest:        
Expense (3,223) (3,308) (6,393) (6,492)
Amortization of deferred financing costs (226) (188) (439) (373)
Gain on sale of real estate       319
Income from continuing operations 7,752 3,266 11,201 6,227
Discontinued operations:        
Income from operations   283   547
Net gain on sales   2,205   2,205
Income from discontinued operations   2,488   2,752
Net income 7,752 5,754 11,201 8,979
Less net income attributable to non-controlling interests (16) (4) (15) (7)
Net income attributable to One Liberty Properties, Inc. $ 7,736 $ 5,750 $ 11,186 $ 8,972
Weighted average number of common shares outstanding:        
Basic (in shares) 14,844 14,378 14,759 14,333
Diluted (in shares) 14,944 14,478 14,859 14,433
Per common share attributable to common stockholders - basic:        
Income from continuing operations (in dollars per share) $ 0.51 $ 0.22 $ 0.73 $ 0.42
Income from discontinued operations (in dollars per share)   $ 0.17   $ 0.19
Total per common share attributable to common stockholders - basic (in dollars per share) $ 0.51 $ 0.39 $ 0.73 $ 0.61
Per common share attributable to common stockholders - diluted:        
Income from continuing operations (in dollars per share) $ 0.50 $ 0.22 $ 0.73 $ 0.42
Income from discontinued operations (in dollars per share)   $ 0.17   $ 0.18
Total per common share attributable to common stockholders - diluted (in dollars per share) $ 0.50 $ 0.39 $ 0.73 $ 0.60
Cash distributions declared per share of common stock (in dollars per share) $ 0.35 $ 0.33 $ 0.70 $ 0.66