XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 82,740,000 $ 81,903,000 $ 84,736,000
Operating expenses:      
Depreciation and amortization 22,832,000 22,964,000 22,026,000
General and administrative (see Note 10 for related party information) 14,310,000 13,671,000 12,442,000
Real estate expenses (see Note 10 for related party information) 13,802,000 13,634,000 14,074,000
State taxes 291,000 310,000 348,000
Impairment due to casualty loss (see Note 13)   430,000  
Total operating expenses 51,235,000 51,009,000 48,890,000
Other operating income      
Gain on sale of real estate, net 25,463,000 17,280,000 4,327,000
Operating income 56,968,000 48,174,000 40,173,000
Other income and expenses:      
Equity in earnings of unconsolidated joint ventures 202,000 38,000 16,000
Equity in earnings from sale of unconsolidated joint venture properties 805,000 121,000  
Prepayment costs on debt (901,000) (1,123,000) (827,000)
Other income (see Note 13) 869,000 496,000 8,000
Interest:      
Expense (17,939,000) (19,317,000) (19,831,000)
Amortization and write-off of deferred financing costs (970,000) (976,000) (995,000)
Net income 39,034,000 27,413,000 18,544,000
Net income attributable to non-controlling interests (177,000) (6,000) (533,000)
Net income attributable to One Liberty Properties, Inc. $ 38,857,000 $ 27,407,000 $ 18,011,000
Weighted average number of common shares outstanding:      
Basic (in shares) 20,086 19,571 19,090
Diluted (in shares) 20,264 19,599 19,119
Per common share attributable to common stockholders:      
Basic (in dollars per share) $ 1.87 $ 1.34 $ 0.88
Diluted (in dollars per share) $ 1.85 $ 1.33 $ 0.88
Rental income, net      
Revenues:      
Total revenues $ 82,180,000 $ 81,888,000 $ 83,786,000
Lease termination fees      
Revenues:      
Total revenues $ 560,000 $ 15,000 $ 950,000