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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Rental income, net $ 15,056,000 $ 13,894,000
Tenant reimbursements 1,288,000 782,000
Lease termination fee   650,000
Total revenues 16,344,000 15,326,000
Operating expenses:    
Depreciation and amortization 4,185,000 3,734,000
General and administrative (see Note 11 for related party information) 2,609,000 2,392,000
Real estate expenses (see Note 11 for related party information) 2,175,000 1,334,000
Real estate acquisition costs (see Note 11 for related party information) 204,000 248,000
Federal excise and state taxes 76,000 74,000
Leasehold rent 77,000 77,000
Total operating expenses 9,326,000 7,859,000
Operating income 7,018,000 7,467,000
Other income and expenses:    
Gain on sale of real estate, net 787,000 5,392,000
Purchase price fair value adjustment   960,000
Prepayment costs on debt (423,000) (568,000)
Equity in earnings of unconsolidated joint ventures 209,000 147,000
Other income 13,000 3,000
Interest:    
Expense (4,075,000) (3,739,000)
Amortization and write-off of deferred financing costs (244,000) (455,000)
Net income 3,285,000 9,207,000
Net loss (income) attributable to non-controlling interests 2,000 (1,351,000)
Net income attributable to One Liberty Properties, Inc. $ 3,287,000 $ 7,856,000
Weighted average number of common shares outstanding:    
Basic (in shares) 16,388 15,776
Diluted (in shares) 16,495 15,876
Per common share attributable to common stockholders - basic: $ 0.19 $ 0.48
Per common share attributable to common stockholders - diluted: 0.18 0.48
Cash distributions declared per share of common stock $ 0.41 $ 0.39