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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate investments, at cost    
Land $ 179,342 $ 181,805
Buildings and improvements 706,027 697,791
Total real estate investments, at cost 885,369 879,596
Less accumulated depreciation 184,414 173,143
Real estate investments, net 700,955 706,453
Investment in unconsolidated joint ventures 9,607 10,400
Cash and cash equivalents 5,471 6,718
Unbilled rent receivable 17,242 16,079
Unamortized intangible lease assets, net 16,848 19,841
Escrow, deposits and other assets and receivables 17,651 23,764
Total assets [1] 767,774 783,255
Liabilities:    
Mortgages payable, net 416,727 405,162
Line of credit, net of $594 and $732 of deferred financing costs, respectively 11,906 21,068
Dividends payable 9,890 9,693
Accrued expenses and other liabilities 15,691 19,270
Unamortized intangible lease liabilities, net 10,443 11,125
Total liabilities [1] 464,657 466,318
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; 20,409 and 20,362 shares issued and outstanding 20,409 20,362
Paid-in capital 326,635 325,895
Accumulated other comprehensive income 1,337 1,810
Distributions in excess of net income (46,274) (32,102)
Total One Liberty Properties, Inc. stockholders' equity 302,107 315,965
Non-controlling interests in consolidated joint ventures [1] 1,010 972
Total equity 303,117 316,937
Total liabilities and equity $ 767,774 $ 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, $17,929 and $17,870 of building and improvements, net of $6,235 and $5,670 of accumulated depreciation, $3,163 and $3,518 of other assets included in other line items, $17,960 and $18,500 of real estate debt, net, $1,042 and $1,135 of other liabilities included in other line items and $1,010 and $972 of non-controlling interests as of September 30, 2023 and December 31, 2022, respectively.