XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate investments, at cost    
Land $ 180,952 $ 180,183
Buildings and improvements 680,098 657,458
Total real estate investments, at cost 861,050 837,641
Less accumulated depreciation 163,792 160,664
Real estate investments, net 697,258 676,977
Properties held-for-sale 3,766 1,270
Investment in unconsolidated joint ventures 10,398 10,172
Cash and cash equivalents 17,624 16,164
Unbilled rent receivable 14,826 14,330
Unamortized intangible lease assets, net 20,845 20,694
Escrow, deposits and other assets and receivables 15,936 13,346
Total assets [1] 780,653 752,953
Liabilities:    
Mortgages payable, net of $3,339 and $3,316 of deferred financing costs, respectively 399,476 396,344
Line of credit, net of $108 and $216 of deferred financing costs, respectively 27,392 11,484
Dividends payable 9,575 9,448
Accrued expenses and other liabilities 17,238 18,992
Unamortized intangible lease liabilities, net 10,870 10,407
Total liabilities [1] 464,551 446,675
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; 20,281 and 20,239 shares issued and outstanding 20,281 20,239
Paid-in capital 323,104 322,793
Accumulated other comprehensive income (loss) 925 (1,513)
Distributions in excess of net income (29,150) (36,187)
Total One Liberty Properties, Inc. stockholders' equity 315,160 305,332
Non-controlling interests in consolidated joint ventures [1] 942 946
Total equity 316,102 306,278
Total liabilities and equity $ 780,653 $ 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, $18,142 and $18,472 of building and improvements, net of $5,325 and $4,957 of accumulated depreciation, $3,016 and $3,580 of other assets included in other line items, $18,850 and $19,193 of real estate debt, net, $921 and $1,350 of other liabilities included in other line items and $942 and $946 of non-controlling interests as of June 30, 2022 and December 31, 2021, respectively.