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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental income, net $ 20,861 $ 20,719 $ 42,100 $ 41,874
Operating expenses:        
Depreciation and amortization 5,804 5,440 11,478 10,787
General and administrative (see Note 9 for related party information) 3,454 3,005 6,788 6,176
Real estate expenses (see Note 9 for related party information) 3,305 3,511 6,647 6,852
State taxes 70 108 152 187
Total operating expenses 12,633 12,064 25,065 24,002
Other operating income        
Gain on sale of real estate, net   1,099 4,252 1,099
Operating income 8,228 9,754 21,287 18,971
Other income and expenses:        
Equity in (loss) earnings of unconsolidated joint ventures (10) 34 54 (82)
Equity in earnings from sale of unconsolidated joint venture property     121  
Prepayment costs on debt (775) (41) (1,065) (41)
Other income 5 6 9 10
Interest:        
Expense (4,947) (4,940) (9,831) (9,802)
Amortization and write-off of deferred financing costs (216) (255) (459) (487)
Net income 2,285 4,558 10,116 8,569
Net income attributable to non-controlling interests (1) (446) (6) (486)
Net income attributable to One Liberty Properties, Inc. $ 2,284 $ 4,112 $ 10,110 $ 8,083
Weighted average number of common shares outstanding:        
Basic (in shares) 19,445 19,023 19,403 18,959
Diluted (in shares) 19,505 19,129 19,433 19,060
Per common share attributable to common stockholders:        
Basic (in dollars per share) $ 0.10 $ 0.20 $ 0.49 $ 0.39
Diluted (in dollars per share) 0.10 0.20 0.49 0.39
Cash distributions per share of common stock 0.225 $ 0.45 0.675 $ 0.90
Stock distributions per share of common stock $ 0.225   $ 0.225