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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Real estate investments, at cost    
Land $ 178,681 $ 180,183
Buildings and improvements 663,587 657,458
Total real estate investments, at cost 842,268 837,641
Less accumulated depreciation 164,505 160,664
Real estate investments, net 677,763 676,977
Property held-for-sale 1,270 1,270
Investment in unconsolidated joint ventures 10,288 10,172
Cash and cash equivalents 11,442 16,164
Unbilled rent receivable 14,166 14,330
Unamortized intangible lease assets, net 19,912 20,694
Escrow, deposits and other assets and receivables 15,288 13,346
Total assets [1] 750,129 752,953
Liabilities:    
Mortgages payable, net of $3,292 and $3,316 of deferred financing costs, respectively 397,848 396,344
Line of credit, net of $162 and $216 of deferred financing costs, respectively 4,978 11,484
Dividends payable 9,585 9,448
Accrued expenses and other liabilities 17,533 18,992
Unamortized intangible lease liabilities, net 10,335 10,407
Total liabilities [1] 440,279 446,675
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; 50,000 shares authorized; 20,392 and 20,239 shares issued and outstanding 20,392 20,239
Paid-in capital 324,689 322,793
Accumulated other comprehensive income (loss) 260 (1,513)
Distributions in excess of net income (36,423) (36,187)
Total One Liberty Properties, Inc. stockholders' equity 308,918 305,332
Non-controlling interests in consolidated joint ventures [1] 932 946
Total equity 309,850 306,278
Total liabilities and equity $ 750,129 $ 752,953
[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: $10,365 and $10,365 of land, $18,289 and $18,472 of building and improvements, net of $5,140 and $4,957 of accumulated depreciation, $3,244 and $3,580 of other assets included in other line items, $19,021 and $19,193 of real estate debt, net, $1,216 and $1,350 of other liabilities included in other line items and $932 and $946 of non-controlling interests as of March 31, 2022 and December 31, 2021, respectively.