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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Rental income, net $ 15,273,000 $ 14,552,000 $ 44,159,000 $ 42,308,000
Tenant reimbursements 835,000 635,000 2,407,000 1,677,000
Lease termination fee     650,000 1,269,000
Total revenues 16,108,000 15,187,000 47,216,000 45,254,000
Operating expenses:        
Depreciation and amortization 4,435,000 3,685,000 12,090,000 10,985,000
General and administrative (including $503, $485, $1,512 and $1,899, respectively, to related parties) 2,350,000 2,153,000 7,132,000 6,497,000
Real estate expenses (including $223, $213, $669 and $638, respectively, to related party) 1,415,000 1,085,000 4,022,000 3,061,000
Federal excise and state taxes 68,000 6,000 266,000 175,000
Real estate acquisition costs 90,000 83,000 417,000 211,000
Leasehold rent 77,000 77,000 231,000 231,000
Impairment loss   1,093,000   1,093,000
Total operating expenses 8,435,000 8,182,000 24,158,000 22,253,000
Operating income 7,673,000 7,005,000 23,058,000 23,001,000
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 earnings of unconsolidated joint ventures 347,000 134,000 311,000 397,000
Gain on sale - investment in BRT Realty Trust (related party)       134,000
Other income 2,000 10,000 77,000 20,000
Interest:        
Expense (4,044,000) (4,227,000) (11,690,000) (12,215,000)
Amortization and write-off of deferred financing costs (187,000) (275,000) (828,000) (741,000)
Income from continuing operations 3,791,000 2,647,000 16,712,000 10,596,000
Income from discontinued operations       13,000
Net income 3,791,000 2,647,000 16,712,000 10,609,000
Net income attributable to non-controlling interests (3,000) (27,000) (1,386,000) (76,000)
Net income attributable to One Liberty Properties, Inc. $ 3,788,000 $ 2,620,000 $ 15,326,000 $ 10,533,000
Weighted average number of common shares outstanding:        
Basic (in shares) 16,014 15,650 15,892 15,508
Diluted (in shares) 16,114 15,750 15,992 15,608
Per common share attributable to common stockholders - basic and diluted: $ 0.22 $ 0.16 $ 0.92 $ 0.64
Cash distributions declared per share of common stock $ 0.39 $ 0.37 $ 1.17 $ 1.11