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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental income, net $ 17,217 $ 16,334 $ 50,770 $ 46,985
Tenant reimbursements 1,920 1,687 5,252 4,614
Total revenues 19,137 18,021 56,022 51,599
Operating expenses:        
Depreciation and amortization 5,115 4,663 15,858 13,246
General and administrative (see Note 10 for related party information) 2,701 2,681 8,409 7,961
Real estate expenses (see Note 10 for related party information) 2,689 2,188 7,765 6,521
Real estate acquisition costs   162   610
Federal excise and state taxes 90 43 401 198
Leasehold rent 77 77 231 231
Impairment loss 153   153  
Total operating expenses 10,825 9,814 32,817 28,767
Operating income 8,312 8,207 23,205 22,832
Other income and expenses:        
Equity in earnings of unconsolidated joint ventures 212 228 663 794
Prepayment costs on debt       (577)
Other income 57 362 399 431
Interest:        
Expense (4,459) (4,404) (13,380) (12,593)
Amortization and write-off of deferred financing costs (263) (189) (717) (644)
Income before gain on sale of real estate, net 3,859 4,204 10,170 10,243
Gain on sale of real estate, net 3,269 119 9,837 9,824
Net income 7,128 4,323 20,007 20,067
Net income attributable to non-controlling interests (23) (24) (65) (40)
Net income attributable to One Liberty Properties, Inc. $ 7,105 $ 4,299 $ 19,942 $ 20,027
Weighted average number of common shares outstanding:        
Basic (in shares) 18,000 16,845 17,859 16,605
Diluted (in shares) 18,079 16,962 17,961 16,722
Per common share attributable to common stockholders - basic: $ 0.38 $ 0.24 $ 1.07 $ 1.16
Per common share attributable to common stockholders - diluted: 0.38 0.24 1.07 1.15
Cash distributions declared per share of common stock $ 0.43 $ 0.41 $ 1.29 $ 1.23