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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental income, net $ 14,992,000 $ 13,943,000 $ 28,886,000 $ 27,756,000
Tenant reimbursements 790,000 453,000 1,572,000 1,042,000
Lease termination fee   1,269,000 650,000 1,269,000
Total revenues 15,782,000 15,665,000 31,108,000 30,067,000
Operating expenses:        
Depreciation and amortization 3,921,000 3,723,000 7,655,000 7,300,000
General and administrative (including $503, $707, $1,009 and $1,414, respectively, to related parties) 2,390,000 2,134,000 4,782,000 4,344,000
Real estate expenses (including $223, $212, $446 and $425, respectively, to related party) 1,273,000 877,000 2,607,000 1,976,000
Federal excise and state taxes 124,000 107,000 198,000 169,000
Real estate acquisition costs 79,000 88,000 327,000 128,000
Leasehold rent 77,000 77,000 154,000 154,000
Total operating expenses 7,864,000 7,006,000 15,723,000 14,071,000
Operating income 7,918,000 8,659,000 15,385,000 15,996,000
Other income and expenses:        
Gain on sale of real estate, net     5,392,000  
Purchase price fair value adjustment     960,000  
Prepayment costs on debt     (568,000)  
Equity in (loss) earnings of unconsolidated joint ventures (183,000) 130,000 (36,000) 263,000
Gain on sale - investment in BRT Realty Trust (related party)   134,000   134,000
Other income 72,000 2,000 75,000 10,000
Interest:        
Expense (3,907,000) (4,035,000) (7,646,000) (7,988,000)
Amortization and write-off of deferred financing costs (186,000) (228,000) (641,000) (466,000)
Income from continuing operations 3,714,000 4,662,000 12,921,000 7,949,000
Income from discontinued operations       13,000
Net income 3,714,000 4,662,000 12,921,000 7,962,000
Net income attributable to non-controlling interests (32,000) (22,000) (1,383,000) (49,000)
Net income attributable to One Liberty Properties, Inc. $ 3,682,000 $ 4,640,000 $ 11,538,000 $ 7,913,000
Weighted average number of common shares outstanding:        
Basic (in shares) 15,883 15,518 15,830 15,436
Diluted (in shares) 15,983 15,618 15,930 15,536
Per common share attributable to common stockholders - basic: $ 0.22 $ 0.29 $ 0.70 $ 0.49
Per common share attributable to common stockholders - diluted: 0.22 0.29 0.70 0.49
Cash distributions declared per share of common stock $ 0.39 $ 0.37 $ 0.78 $ 0.74