XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rental income, net $ 13,214 $ 11,333 $ 37,542 $ 33,193
Operating expenses:        
Depreciation and amortization 3,019 2,426 8,406 7,179
General and administrative (including $572, $572, $1,716 and $1,716, respectively, to related party) 1,938 1,873 5,841 5,463
Federal excise and state taxes (7) 38 218 135
Real estate expenses (including $150, $150, $450 and $450, respectively, to related party) 851 640 2,375 1,939
Leasehold rent 77 77 231 231
Real estate acquisition costs 544 93 822 259
Total operating expenses 6,422 5,147 17,893 15,206
Operating income 6,792 6,186 19,649 17,987
Other income and expenses:        
Equity in earnings of unconsolidated joint ventures 122 268 513 1,015
Gain on disposition of real estate - unconsolidated joint venture     2,807  
Gain on sale - unconsolidated joint venture interest     1,898  
Other income 10 6 89 230
Interest:        
Expense (3,473) (3,261) (9,865) (9,753)
Amortization of deferred financing costs (223) (198) (662) (570)
Gain on sale of real estate       319
Income from continuing operations 3,228 3,001 14,429 9,228
Discontinued operations:        
Income from operations   369   917
Net gain on sales   15,050   17,254
Income from discontinued operations   15,419   18,171
Net income 3,228 18,420 14,429 27,399
Less net income attributable to non-controlling interests (17) (6) (32) (13)
Net income attributable to One Liberty Properties, Inc. $ 3,211 $ 18,414 $ 14,397 $ 27,386
Weighted average number of common shares outstanding:        
Basic (in shares) 15,093 14,443 14,871 14,370
Diluted (in shares) 15,193 14,543 14,971 14,470
Per common share attributable to common stockholders - basic:        
Income from continuing operations (in dollars per share) $ 0.20 $ 0.20 $ 0.93 $ 0.62
Income from discontinued operations (in dollars per share)   $ 1.04   $ 1.23
Total per common share attributable to common stockholders - basic (in dollars per share) $ 0.20 $ 1.24 $ 0.93 $ 1.85
Per common share attributable to common stockholders - diluted:        
Income from continuing operations (in dollars per share) $ 0.20 $ 0.20 $ 0.93 $ 0.62
Income from discontinued operations (in dollars per share)   $ 1.03   $ 1.22
Total per common share attributable to common stockholders - diluted (in dollars per share) $ 0.20 $ 1.23 $ 0.93 $ 1.84
Cash distributions declared per share of common stock (in dollars per share) $ 0.35 $ 0.33 $ 1.05 $ 0.99