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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Revenues: |  |
Total revenues | $ 22,696 | $ 22,952
Operating expenses: |  |
Depreciation and amortization | 6,021 | 6,145
General and administrative | 3,923 | 4,039
Real estate expenses | 4,470 | 4,124
State taxes | 63 | 68
Total operating expenses | 14,477 | 14,376
Other operating income |  |
Gain on sale of real estate, net | 1,784 | 1,534
Operating income | 10,003 | 10,110
Other income and expenses: |  |
Equity in earnings of unconsolidated joint ventures | 53 | 85
Other income | 267 | 15
Interest: |  |
Expense | (4,717) | (4,600)
Amortization and write-off of deferred financing costs | (226) | (202)
Net income | 5,380 | 5,408
Net income attributable to non-controlling interests | (225) | (22)
Net income attributable to One Liberty Properties, Inc. | $ 5,155 | $ 5,386
Weighted average number of common shares outstanding: |  |
Basic (in shares) | 20,509 | 20,514
Diluted (in shares) | 20,579 | 20,579
Per common share attributable to common stockholders: |  |
Basic (in dollars per share) | $ 0.24 | $ 0.25
Diluted (in dollars per share) | 0.23 | 0.25
Cash distributions per share of common stock (in dollars per share) | $ 0.45 | $ 0.45
Rental income, net |  |
Revenues: |  |
Total revenues | $ 22,446 | $ 22,952
Lease termination fee |  |
Revenues: |  |
Total revenues | $ 250 |

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