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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate investments, at cost    
Land $ 180,579 $ 181,805
Buildings and improvements 692,025 697,791
Total real estate investments, at cost 872,604 879,596
Less accumulated depreciation 175,153 173,143
Real estate investments, net 697,451 706,453
Property held-for-sale 2,783  
Investment in unconsolidated joint ventures 10,484 10,400
Cash and cash equivalents 7,016 6,718
Unbilled rent receivable 16,710 16,079
Unamortized intangible lease assets, net 18,541 19,841
Escrow, deposits and other assets and receivables 18,158 23,764
Total assets [1] 771,143 783,255
Liabilities:    
Mortgages payable, net 406,946 405,162
Line of credit, net of $686 and $732 of deferred financing costs, respectively 10,814 21,068
Dividends payable 9,838 9,693
Accrued expenses and other liabilities 18,020 19,270
Unamortized intangible lease liabilities, net 10,824 11,125
Total liabilities [1] 456,442 466,318
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; 20,546 and 20,362 shares issued and outstanding 20,546 20,362
Paid-in capital 328,113 325,895
Accumulated other comprehensive income 1,401 1,810
Distributions in excess of net income (36,344) (32,102)
Total One Liberty Properties, Inc. stockholders' equity 313,716 315,965
Non-controlling interests in consolidated joint ventures [1] 985 972
Total equity 314,701 316,937
Total liabilities and equity $ 771,143 $ 783,255
[1] The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 5. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $10,365 and $10,365 of land, $17,716 and $17,870 of building and improvements, net of $5,856 and $5,670 of accumulated depreciation, $3,683 and $3,518 of other assets included in other line items, $18,321 and $18,500 of real estate debt, net, $1,210 and $1,135 of other liabilities included in other line items and $985 and $972 of non-controlling interests as of March 31, 2023 and December 31, 2022, respectively.