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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 22,211 $ 22,546 $ 66,707 $ 67,905
Operating expenses:        
Depreciation and amortization 6,133 6,310 18,119 18,569
Real estate expenses 4,231 4,061 12,677 12,139
General and administrative 3,886 3,864 11,585 12,068
Impairment loss     1,086  
State taxes 74 76 184 232
Total operating expenses 14,324 14,311 43,651 43,008
Other operating income        
Gain on sale of real estate, net 2,115 332 11,347 5,046
Operating income 10,002 8,567 34,403 29,943
Other income and expenses:        
Equity in (loss) earnings of unconsolidated joint ventures (9) (905) 87 (761)
Other income 353 87 896 131
Interest:        
Expense (4,932) (4,768) (14,399) (13,978)
Amortization and write-off of deferred financing costs (225) (212) (741) (619)
Net income 5,189 2,769 20,246 14,716
Net income attributable to non-controlling interests (12) (22) (361) (64)
Net income attributable to One Liberty Properties, Inc. $ 5,177 $ 2,747 $ 19,885 $ 14,652
Weighted average number of common shares outstanding:        
Basic (in shares) 20,635 20,567 20,578 20,552
Diluted (in shares) 20,753 20,596 20,677 20,598
Per common share attributable to common stockholders:        
Basic (in dollars per share) $ 0.24 $ 0.12 $ 0.92 $ 0.67
Diluted (in dollars per share) 0.23 0.12 0.91 0.66
Cash distributions per share of common stock (in dollars per share) $ 0.45 $ 0.45 $ 1.35 $ 1.35
Rental income, net        
Revenues:        
Total revenues $ 22,211 $ 22,546 $ 66,457 $ 67,905
Lease termination fee        
Revenues:        
Total revenues     $ 250