XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental income, net $ 20,719 $ 19,752 $ 41,874 $ 39,286
Operating expenses:        
Depreciation and amortization 5,440 5,250 10,787 10,432
General and administrative (see Note 10 for related party information) 3,005 2,969 6,176 5,928
Real estate expenses (see Note 10 for related party information) 3,511 2,592 6,852 5,336
State taxes 108 154 187 227
Total operating expenses 12,064 10,965 24,002 21,923
Other operating income        
Gain on sale of real estate, net 1,099   1,099 2,408
Operating income 9,754 8,787 18,971 19,771
Other income and expenses:        
Equity in earnings (loss) of unconsolidated joint ventures 34 348 (82) 543
Equity in earnings from sale of unconsolidated joint venture properties   71   71
Other income 6 6 10 10
Interest:        
Expense (4,981) (4,445) (9,843) (8,747)
Amortization and write-off of deferred financing costs (255) (221) (487) (449)
Net income 4,558 4,546 8,569 11,199
Net income attributable to non-controlling interests (446) (29) (486) (831)
Net income attributable to One Liberty Properties, Inc. $ 4,112 $ 4,517 $ 8,083 $ 10,368
Weighted average number of common shares outstanding:        
Basic (in shares) 19,023 18,519 18,959 18,458
Diluted (in shares) 19,129 18,593 19,060 18,532
Per common share attributable to common stockholders:        
Basic (in dollars per share) $ 0.20 $ 0.23 $ 0.39 $ 0.53
Diluted (in dollars per share) $ 0.20 $ 0.23 $ 0.39 $ 0.53