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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Rental income, net $ 58,973,000 $ 56,647,000 $ 49,285,000
Tenant reimbursements 3,852,000 2,561,000 1,694,000
Lease termination fees 2,886,000 1,269,000  
Total revenues 65,711,000 60,477,000 50,979,000
Operating expenses:      
Depreciation and amortization 16,384,000 14,662,000 11,919,000
General and administrative (see Note 10 for related party information) 9,527,000 8,796,000 7,801,000
Real estate expenses (see Note 10 for related party information) 6,047,000 4,407,000 3,213,000
Federal excise and state taxes 343,000 488,000 255,000
Real estate acquisition costs (see Note 10 for related party information) 449,000 479,000 921,000
Leasehold rent 308,000 308,000 308,000
Impairment loss   1,093,000  
Total operating expenses 33,058,000 30,233,000 24,417,000
Operating income 32,653,000 30,244,000 26,562,000
Other income and expenses:      
Gain on sale of real estate, net 5,392,000 10,180,000  
Purchase price fair value adjustment 960,000    
Prepayment costs on debt (568,000) (1,581,000)  
Equity in earnings of unconsolidated joint ventures (see Note 10 for related party information) 412,000 533,000 651,000
Gain on disposition of real estate - unconsolidated joint venture     2,807,000
Gain on sale - unconsolidated joint venture interest     1,898,000
Gain on sale - investment in BRT Realty Trust (related party)   134,000  
Other income 108,000 29,000 97,000
Interest:      
Expense (16,027,000) (16,305,000) (13,716,000)
Amortization and write-off of deferred financing costs (1,023,000) (1,037,000) (890,000)
Income from continuing operations 21,907,000 22,197,000 17,409,000
Discontinued Operations:      
Income from operations   13,000 577,000
Impairment loss     (62,000)
Income from discontinued operations   13,000 515,000
Net income 21,907,000 22,210,000 17,924,000
Less net income attributable to non-controlling interests (1,390,000) (94,000) (49,000)
Net income attributable to One Liberty Properties, Inc. $ 20,517,000 $ 22,116,000 $ 17,875,000
Weighted average number of common shares outstanding:      
Basic (in shares) 15,971 15,563 14,948
Diluted (in shares) 16,079 15,663 15,048
Per common share attributable to common stockholders - basic:      
Income from continuing operations (in dollars per share) $ 1.23 $ 1.37 $ 1.12
Income from discontinued operations (in dollars per share)     0.03
Total per common share attributable to common stockholders - basic (in dollars per share) 1.23 1.37 1.15
Per common share attributable to common stockholders - diluted:      
Income from continuing operations (in dollars per share) 1.22 1.37 1.11
Income from discontinued operations (in dollars per share)     0.03
Total per common share attributable to common stockholders - diluted (in dollars per share) $ 1.22 $ 1.37 $ 1.14