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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Real estate investments, at cost    
Land $ 180,800 $ 181,805
Buildings and improvements 694,591 697,791
Total real estate investments, at cost 875,391 879,596
Less accumulated depreciation 179,906 173,143
Real estate investments, net 695,485 706,453
Investment in unconsolidated joint ventures 10,521 10,400
Cash and cash equivalents 8,079 6,718
Unbilled rent receivable 17,060 16,079
Unamortized intangible lease assets, net 17,298 19,841
Escrow, deposits and other assets and receivables 20,938 23,764
Total assets [1] 769,381 783,255
Liabilities:    
Mortgages payable, net 415,695 405,162
Line of credit, net of $640 and $732 of deferred financing costs, respectively 1,860 21,068
Dividends payable 9,891 9,693
Accrued expenses and other liabilities 18,458 19,270
Unamortized intangible lease liabilities, net 10,522 11,125
Total liabilities [1] 456,426 466,318
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; 20,540 and 20,362 shares issued and outstanding 20,540 20,362
Paid-in capital 329,326 325,895
Accumulated other comprehensive income 1,543 1,810
Distributions in excess of net income (39,451) (32,102)
Total One Liberty Properties, Inc. stockholders' equity 311,958 315,965
Non-controlling interests in consolidated joint ventures [1] 997 972
Total equity 312,955 316,937
Total liabilities and equity $ 769,381 $ 783,255
[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, $17,880 and $17,870 of building and improvements, net of $6,046 and $5,670 of accumulated depreciation, $3,262 and $3,518 of other assets included in other line items, $18,141 and $18,500 of real estate debt, net, $1,027 and $1,135 of other liabilities included in other line items and $997 and $972 of non-controlling interests as of June 30, 2023 and December 31, 2022, respectively.