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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental income, net $ 21,071 $ 20,414 $ 63,171 $ 62,288
Operating expenses:        
Depreciation and amortization 5,723 5,566 17,201 16,353
General and administrative (see Note 9 for related party information) 3,456 3,143 10,244 9,319
Real estate expenses (see Note 9 for related party information) 3,451 3,692 10,098 10,544
State taxes 75 68 227 255
Impairment due to casualty loss 430   430  
Total operating expenses 13,135 12,469 38,200 36,471
Other operating income        
Gain on sale of real estate, net 10,316 2,544 14,568 3,643
Operating income 18,252 10,489 39,539 29,460
Other income and expenses:        
Equity in (loss) earnings of unconsolidated joint ventures 132 50 186 (32)
Equity in earnings from sale of unconsolidated joint venture property     121  
Prepayment costs on debt (58) (161) (1,123) (201)
Other income (including $430 of insurance recoveries in 2020, see Note 4) 453 8 462 18
Interest:        
Expense (4,752) (5,037) (14,583) (14,840)
Amortization and write-off of deferred financing costs (301) (252) (760) (739)
Net income 13,726 5,097 23,842 13,666
Net (income) loss attributable to non-controlling interests (1) 21 (7) (465)
Net income attributable to One Liberty Properties, Inc. $ 13,725 $ 5,118 $ 23,835 $ 13,201
Weighted average number of common shares outstanding:        
Basic (in shares) 19,640 19,191 19,483 19,037
Diluted (in shares) 19,686 19,239 19,511 19,076
Per common share attributable to common stockholders:        
Basic and Diluted (in dollars per share) $ 0.67 $ 0.25 $ 1.17 $ 0.64
Cash distributions per share of common stock 0.338 $ 0.45 1.013 $ 1.35
Stock distributions per share of common stock $ 0.112   $ 0.337