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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental income, net $ 15,594,000 $ 14,992,000 $ 30,650,000 $ 28,886,000
Tenant reimbursements 1,639,000 790,000 2,927,000 1,572,000
Lease termination fee       650,000
Total revenues 17,233,000 15,782,000 33,577,000 31,108,000
Operating expenses:        
Depreciation and amortization 4,398,000 3,921,000 8,583,000 7,655,000
General and administrative (see Note 11 for related party information) 2,671,000 2,390,000 5,280,000 4,782,000
Real estate expenses (see Note 11 for related party information) 2,159,000 1,273,000 4,334,000 2,607,000
Real estate acquisition costs (see Note 11 for related party information) 244,000 79,000 448,000 327,000
Federal excise and state taxes 78,000 124,000 154,000 198,000
Leasehold rent 77,000 77,000 154,000 154,000
Total operating expenses 9,627,000 7,864,000 18,953,000 15,723,000
Operating income 7,606,000 7,918,000 14,624,000 15,385,000
Other income and expenses:        
Gain on sales of real estate, net 8,918,000   9,705,000 5,392,000
Purchase price fair value adjustment       960,000
Prepayment costs on debt (154,000)   (577,000) (568,000)
Equity in earnings (loss) of unconsolidated joint ventures 357,000 (183,000) 566,000 (36,000)
Other income 56,000 72,000 69,000 75,000
Interest:        
Expense (4,114,000) (3,907,000) (8,189,000) (7,646,000)
Amortization and write-off of deferred financing costs (210,000) (186,000) (455,000) (641,000)
Net income 12,459,000 3,714,000 15,743,000 12,921,000
Net income attributable to non-controlling interests (18,000) (32,000) (16,000) (1,383,000)
Net income attributable to One Liberty Properties, Inc. $ 12,441,000 $ 3,682,000 $ 15,727,000 $ 11,538,000
Weighted average number of common shares outstanding:        
Basic (in shares) 16,579 15,883 16,484 15,830
Diluted (in shares) 16,686 15,983 16,591 15,930
Per common share attributable to common stockholders - basic: $ 0.72 $ 0.22 $ 0.92 $ 0.70
Per common share attributable to common stockholders - diluted: 0.72 0.22 0.91 0.70
Cash distributions declared per share of common stock $ 0.41 $ 0.39 $ 0.82 $ 0.78