XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Total revenues $ 19,534,000 $ 18,472,000
Operating expenses:    
Depreciation and amortization 5,182,000 5,553,000
General and administrative (see Note 10 for related party information) 2,959,000 2,815,000
Real estate expenses (see Note 10 for related party information) 2,667,000 2,704,000
Federal excise and state taxes 73,000 88,000
Leasehold rent 77,000 77,000
Total operating expenses 10,958,000 11,237,000
Operating income 8,576,000 7,235,000
Other income and expenses:    
Equity in earnings of unconsolidated joint ventures 195,000 245,000
Other income 4,000 22,000
Interest:    
Expense (4,302,000) (4,389,000)
Amortization and write-off of deferred financing costs (228,000) (227,000)
Income before gain on sale of real estate, net 4,245,000 2,886,000
Gain on sale of real estate, net 2,408,000  
Net income 6,653,000 2,886,000
Net income attributable to non-controlling interests (802,000) (21,000)
Net income attributable to One Liberty Properties, Inc. $ 5,851,000 $ 2,865,000
Weighted average number of common shares outstanding:    
Basic (in shares) 18,396 17,751
Diluted (in shares) 18,434 17,865
Basic (in dollars per share) $ 0.30 $ 0.15
Diluted (in dollars per share) 0.30 0.15
Cash distributions declared per share of common stock $ 0.45 $ 0.43
Rental income, net    
Revenues:    
Revenue $ 17,590,000 $ 16,833,000
Tenant reimbursement    
Revenues:    
Revenue $ 1,944,000 $ 1,639,000