XML 45 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
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Rental income, net $ 14,402 $ 11,862
Operating expenses:    
Depreciation and amortization 3,577 2,634
General and administrative (including $609 and $572, respectively, to related party) 2,211 1,960
Federal excise and state taxes 62 42
Real estate expenses (including $213 and $150, respectively, to related party) 1,098 772
Leasehold rent 77 77
Real estate acquisition costs 40 151
Total operating expenses 7,065 5,636
Operating income 7,337 6,226
Other income and expenses:    
Equity in earnings of unconsolidated joint ventures 133 334
Other income 8 69
Interest:    
Expense (3,953) (3,103)
Amortization of deferred financing costs (238) (213)
Income from continuing operations 3,287 3,313
Income from discontinued operations 13 136
Net income 3,300 3,449
Less net (income) loss attributable to non-controlling interests (27) 1
Net income attributable to One Liberty Properties, Inc. $ 3,273 $ 3,450
Weighted average number of common shares outstanding:    
Basic (in shares) 15,356 14,672
Diluted (in shares) 15,456 14,772
Per common share attributable to common stockholders - basic:    
Income from continuing operations (in dollars per share) $ 0.20 $ 0.21
Income from discontinued operations (in dollars per share)   $ 0.01
Total per common share attributable to common stockholders - basic (in dollars per share) $ 0.20 $ 0.22
Per common share attributable to common stockholders - diluted:    
Income from continuing operations (in dollars per share) $ 0.20 $ 0.21
Income from discontinued operations (in dollars per share)   $ 0.01
Total per common share attributable to common stockholders - diluted (in dollars per share) $ 0.20 $ 0.22
Cash distributions declared per share of common stock (in dollars per share) $ 0.37 $ 0.35