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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Revenues: |  |  |  |
Total revenues | $ 21,472 | $ 20,422 | $ 43,028 | $ 41,238
Operating expenses: |  |  |  |
Depreciation and amortization | 5,905 | 5,702 | 11,748 | 11,459
General and administrative (see Note 9 for related party information) | 3,973 | 3,769 | 7,765 | 7,411
Real estate expenses (see Note 9 for related party information) | 3,549 | 3,387 | 7,236 | 7,073
State taxes | 77 | 91 | 151 | 166
Total operating expenses | 13,504 | 12,949 | 26,900 | 26,109
Other operating income |  |  |  |
Gain on sale of real estate, net | 8,050 | 21,491 | 12,699 | 21,491
Operating income | 16,018 | 28,964 | 28,827 | 36,620
Other income and expenses: |  |  |  |
Equity in earnings (loss) of unconsolidated joint ventures | 112 | 20 | 228 | (2)
Prepayment costs on debt |  | (799) |  | (799)
Income on settlement of litigation (see Note 13) | 5,388 |  | 5,388 |
Other income (see Note 13) | 54 | 17 | 980 | 187
Interest: |  |  |  |
Expense | (4,353) | (4,574) | (8,659) | (9,208)
Amortization and write-off of deferred financing costs | (434) | (296) | (639) | (509)
Net income | 16,785 | 23,332 | 26,125 | 26,289
Net (income) loss attributable to non-controlling interests | (18) | (3) | (35) | 2
Net income attributable to One Liberty Properties, Inc. | $ 16,767 | $ 23,329 | $ 26,090 | $ 26,291
Weighted average number of common shares outstanding: |  |  |  |
Basic (in shares) | 20,364 | 20,013 | 20,372 | 20,008
Diluted (in shares) | 20,480 | 20,187 | 20,485 | 20,175
Per common share attributable to common stockholders: |  |  |  |
Basic (in dollars per share) | $ 0.80 | $ 1.13 | $ 1.24 | $ 1.27
Diluted (in dollars per share) | 0.79 | 1.12 | 1.23 | 1.26
Cash distributions per share of common stock (in dollars per share) | $ 0.45 | $ 0.45 | $ 0.90 | $ 0.90
Rental income, net |  |  |  |
Revenues: |  |  |  |
Total revenues | $ 21,472 | $ 20,305 | $ 43,003 | $ 40,989
Lease termination fees |  |  |  |
Revenues: |  |  |  |
Total revenues |  | $ 117 | $ 25 | $ 249

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