XML 45 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Real estate investments, at cost    
Land $ 195,771 $ 204,162
Buildings and improvements 649,011 624,981
Total real estate investments, at cost 844,782 829,143
Less accumulated depreciation 133,489 123,684
Real estate investments, net 711,293 705,459
Property held-for-sale 1,227  
Investment in unconsolidated joint ventures 11,070 10,857
Cash and cash equivalents 10,941 15,204
Restricted cash   1,106
Unbilled rent receivable 14,202 13,722
Unamortized intangible lease assets, net 26,375 26,541
Escrow, deposits, and other assets and receivables 10,033 8,023
Total assets [1] 785,141 780,912
Liabilities:    
Mortgages payable, net of $4,302 and $4,298 of deferred financing costs, respectively 435,115 418,798
Line of credit, net of $670 and $312 of deferred financing costs, respectively 18,780 29,688
Dividends payable 8,942 8,724
Accrued expenses and other liabilities 17,784 11,094
Unamortized intangible lease liabilities, net 12,552 14,013
Total liabilities [1] 493,173 482,317
Commitments and contingencies
One Liberty Properties, Inc. stockholders' equity:    
Preferred stock, $1 par value; 12,500 shares authorized; none issued
Common stock, $1 par value; 25,000 shares authorized; 19,197 and 18,736 shares issued and outstanding 19,197 18,736
Paid-in capital 299,198 287,250
Accumulated other comprehensive (loss) income (3,374) 1,890
Distributions in excess of net income (24,225) (10,730)
Total One Liberty Properties, Inc. stockholders' equity 290,796 297,146
Non-controlling interests in consolidated joint ventures [1] 1,172 1,449
Total equity 291,968 298,595
Total liabilities and equity $ 785,141 $ 780,912
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 7. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $12,158 and $14,722 of land, $24,426 and $27,642 of building and improvements, net of $4,109 and $4,119 of accumulated depreciation, $3,390 and $3,931 of other assets included in other line items, $24,404 and $26,850 of real estate debt, net, $1,321 and $2,455 of other liabilities included in other line items and $1,172 and $1,449 of non-controlling interests as of September 30, 2019 and December 31, 2018, respectively.