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v3.25.1

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Revenues: |  |
Total revenues | $ 24,170,000 | $ 22,696,000
Operating expenses: |  |
Depreciation and amortization | 6,545,000 | 6,021,000
Real estate expenses | 5,038,000 | 4,470,000
General and administrative | 4,170,000 | 3,923,000
State tax (benefit) expense | (94,000) | 63,000
Total operating expenses | 15,659,000 | 14,477,000
Other operating income |  |
Gain on sale of real estate, net | 1,110,000 | 1,784,000
Operating income | 9,621,000 | 10,003,000
Other income and expenses: |  |
Equity in earnings (loss) of unconsolidated joint ventures | 25,000 | 53,000
Other income | 188,000 | 267,000
Interest: |  |
Expense | (5,432,000) | (4,717,000)
Amortization and write-off of deferred financing costs | (233,000) | (226,000)
Net income | 4,169,000 | 5,380,000
Net income attributable to non-controlling interests | (14,000) | (225,000)
Net income attributable to One Liberty Properties, Inc. | $ 4,155,000 | $ 5,155,000
Weighted average number of common shares outstanding: |  |
Basic (in shares) | 20,820 | 20,509
Diluted (in shares) | 20,951 | 20,579
Per common share attributable to common stockholders: |  |
Basic (in dollars per share) | $ 0.18 | $ 0.24
Diluted (in dollars per share) | 0.18 | 0.23
Cash distributions per share of common stock (in dollars per share) | $ 0.45 | $ 0.45
Rental income, net |  |
Revenues: |  |
Total revenues | $ 24,170,000 | $ 22,446,000
Lease termination fees |  |
Revenues: |  |
Total revenues |  | $ 250,000

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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-16 + Details
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