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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental income, net $ 16,334,000 $ 15,273,000 $ 46,985,000 $ 44,159,000
Tenant reimbursements 1,687,000 835,000 4,614,000 2,407,000
Lease termination fee       650,000
Total revenues 18,021,000 16,108,000 51,599,000 47,216,000
Operating expenses:        
Depreciation and amortization 4,663,000 4,435,000 13,246,000 12,090,000
General and administrative (see Note 11 for related party information) 2,681,000 2,350,000 7,961,000 7,132,000
Real estate expenses (see Note 11 for related party information) 2,188,000 1,415,000 6,521,000 4,022,000
Real estate acquisition costs (see Note 11 for related party information) 162,000 90,000 610,000 417,000
Federal excise and state taxes 43,000 68,000 198,000 266,000
Leasehold rent 77,000 77,000 231,000 231,000
Total operating expenses 9,814,000 8,435,000 28,767,000 24,158,000
Operating income 8,207,000 7,673,000 22,832,000 23,058,000
Other income and expenses:        
Gain on sales of real estate, net 119,000   9,824,000 5,392,000
Purchase price fair value adjustment       960,000
Prepayment costs on debt     (577,000) (568,000)
Equity in earnings of unconsolidated joint ventures 228,000 347,000 794,000 311,000
Other income 362,000 2,000 431,000 77,000
Interest:        
Expense (4,404,000) (4,044,000) (12,593,000) (11,690,000)
Amortization and write-off of deferred financing costs (189,000) (187,000) (644,000) (828,000)
Net income 4,323,000 3,791,000 20,067,000 16,712,000
Net income attributable to non-controlling interests (24,000) (3,000) (40,000) (1,386,000)
Net income attributable to One Liberty Properties, Inc. $ 4,299,000 $ 3,788,000 $ 20,027,000 $ 15,326,000
Weighted average number of common shares outstanding:        
Basic (in shares) 16,845 16,014 16,605 15,892
Diluted (in shares) 16,962 16,114 16,722 15,992
Per common share attributable to common stockholders - basic: $ 0.24 $ 0.22 $ 1.16 $ 0.92
Per common share attributable to common stockholders - diluted: 0.24 0.22 1.15 0.92
Cash distributions declared per share of common stock $ 0.41 $ 0.39 $ 1.23 $ 1.17