XML 64 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Real estate investments, at cost    
Land $ 196,645 $ 195,320
Buildings and improvements 660,623 640,517
Total real estate investments, at cost 857,268 835,837
Less accumulated depreciation 138,607 135,302
Real estate investments, net 718,661 700,535
Investment in unconsolidated joint ventures 11,247 11,061
Cash and cash equivalents 21,360 11,034
Unbilled rent receivable 15,281 15,037
Unamortized intangible lease assets, net 28,722 26,068
Escrow, deposits, and other assets and receivables 10,480 10,894
Total assets [1] 805,751 774,629
Liabilities:    
Mortgages payable, net of $4,420 and $4,438 of deferred financing costs, respectively 447,337 435,840
Line of credit, net of $567 and $619 of deferred financing costs, respectively 30,283 10,831
Dividends payable 9,037 8,966
Accrued expenses and other liabilities 19,363 14,587
Unamortized intangible lease liabilities, net 12,636 12,421
Total liabilities [1] 518,656 482,645
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; 19,380 and 19,251 shares issued and outstanding 19,380 19,251
Paid-in capital 302,530 301,517
Accumulated other comprehensive loss (6,432) (1,623)
Distributions in excess of net income (29,592) (28,382)
Total One Liberty Properties, Inc. stockholders' equity 285,886 290,763
Non-controlling interests in consolidated joint ventures [1] 1,209 1,221
Total equity 287,095 291,984
Total liabilities and equity $ 805,751 $ 774,629
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 6. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $12,158 and $12,158 of land, $23,999 and $24,223 of building and improvements, net of $4,559 and $4,334 of accumulated depreciation, $3,722 and $3,696 of other assets included in other line items, $23,993 and $24,199 of real estate debt, net, $1,323 and $1,153 of other liabilities included in other line items and $1,209 and $1,221 of non-controlling interests as of March 31, 2020 and December 31, 2019, respectively.