Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of available-for-sale securities and derivative financial instruments measured at fair value

The fair value of the Company’s available-for-sale securities and derivative financial instruments was determined using the following inputs (amounts in thousands):

		Carrying and		Fair Value Measurements on a Recurring Basis
	As of	Fair Value		Level 1		Level 2
Financial assets:
Available-for-sale securities:
Equity securities	September 30, 2015	$	31	$	31	$	—
	December 31, 2014	29		29		—
Derivative financial instruments:
Interest rate swaps	September 30, 2015	$	—	$	—	$	—
	December 31, 2014	27		—		27
Financial liabilities:
Derivative financial instruments:
Interest rate swaps	September 30, 2015	$	5,705	$	—	$	5,705
	December 31, 2014	3,139		—		3,139

Schedule of effect of derivative financial instruments on statements of income

The following table presents the effect of the Company’s derivative financial instruments on the consolidated statements of income for the periods presented (amounts in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
One Liberty Properties and Consolidated Subsidiaries
Amount of loss recognized on derivatives in Other comprehensive loss	$	(3,609	)	$	(357	)	$	(4,500	)	$	(2,765	)
Amount of loss reclassification from Accumulated other comprehensive loss into Interest expense	(574		)	(476		)	(1,921		)	(1,300		)

Unconsolidated Joint Ventures (Company’s share)
Amount of (loss) gain recognized on derivatives in Other comprehensive loss	$	(122	)	$	11		(147		)	$	(37	)
Amount of loss reclassification from Accumulated other comprehensive loss into Equity in earnings of unconsolidated joint ventures	(29		)	(28		)	(80		)	(83		)