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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 22,407,000 $ 21,472,000 $ 45,359,000 $ 43,028,000
Operating expenses:        
Depreciation and amortization 6,114,000 5,905,000 12,259,000 11,748,000
General and administrative (see Note 9 for related party information) 4,165,000 3,973,000 8,204,000 7,765,000
Real estate expenses (see Note 9 for related party information) 3,954,000 3,549,000 8,078,000 7,236,000
State taxes 88,000 77,000 156,000 151,000
Total operating expenses 14,321,000 13,504,000 28,697,000 26,900,000
Other operating income        
Gain on sale of real estate, net 3,180,000 8,050,000 4,714,000 12,699,000
Operating income 11,266,000 16,018,000 21,376,000 28,827,000
Other income and expenses:        
Equity in earnings of unconsolidated joint ventures 60,000 112,000 145,000 228,000
Income on settlement of litigation (see Note 13)   5,388,000   5,388,000
Other income (see Note 13) 28,000 54,000 43,000 980,000
Interest:        
Expense (4,610,000) (4,353,000) (9,210,000) (8,659,000)
Amortization and write-off of deferred financing costs (205,000) (434,000) (407,000) (639,000)
Net income 6,539,000 16,785,000 11,947,000 26,125,000
Net income attributable to non-controlling interests (20,000) (18,000) (42,000) (35,000)
Net income attributable to One Liberty Properties, Inc. $ 6,519,000 $ 16,767,000 $ 11,905,000 $ 26,090,000
Weighted average number of common shares outstanding:        
Basic (in shares) 20,571 20,364 20,544 20,372
Diluted (in shares) 20,642 20,480 20,612 20,485
Per common share attributable to common stockholders:        
Basic (in dollars per share) $ 0.30 $ 0.80 $ 0.55 $ 1.24
Diluted (in dollars per share) 0.30 0.79 0.55 1.23
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 $ 22,407,000 $ 21,472,000 $ 45,359,000 $ 43,003,000
Lease termination fee        
Revenues:        
Total revenues       $ 25,000