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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental income, net $ 16,720,000 $ 15,594,000 $ 33,553,000 $ 30,650,000
Tenant reimbursements 1,693,000 1,639,000 3,332,000 2,927,000
Total revenues 18,413,000 17,233,000 36,885,000 33,577,000
Operating expenses:        
Depreciation and amortization 5,190,000 4,398,000 10,743,000 8,583,000
General and administrative (see Note 10 for related party information) 2,893,000 2,671,000 5,708,000 5,280,000
Real estate expenses (see Note 10 for related party information) 2,371,000 2,159,000 5,075,000 4,334,000
Real estate acquisition costs   244,000   448,000
Federal excise and state taxes 224,000 78,000 312,000 154,000
Leasehold rent 77,000 77,000 154,000 154,000
Total operating expenses 10,755,000 9,627,000 21,992,000 18,953,000
Operating income 7,658,000 7,606,000 14,893,000 14,624,000
Other income and expenses:        
Equity in earnings of unconsolidated joint ventures 206,000 357,000 451,000 566,000
Prepayment costs on debt   (154,000)   (577,000)
Other income 320,000 56,000 342,000 69,000
Interest:        
Expense (4,532,000) (4,114,000) (8,921,000) (8,189,000)
Amortization and write-off of deferred financing costs (227,000) (210,000) (454,000) (455,000)
Income before gain on sale of real estate, net 3,425,000 3,541,000 6,311,000 6,038,000
Gain on sale of real estate, net 6,568,000 8,918,000 6,568,000 9,705,000
Net income 9,993,000 12,459,000 12,879,000 15,743,000
Net income attributable to non-controlling interests (21,000) (18,000) (42,000) (16,000)
Net income attributable to One Liberty Properties, Inc. $ 9,972,000 $ 12,441,000 $ 12,837,000 $ 15,727,000
Weighted average number of common shares outstanding:        
Basic (in shares) 17,824 16,579 17,788 16,484
Diluted (in shares) 17,938 16,686 17,902 16,591
Per common share attributable to common stockholders - basic: $ 0.54 $ 0.72 $ 0.69 $ 0.92
Per common share attributable to common stockholders - diluted: 0.54 0.72 0.69 0.91
Cash distributions declared per share of common stock $ 0.43 $ 0.41 $ 0.86 $ 0.82