XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 22,546,000 $ 21,473,000 $ 67,905,000 $ 64,501,000
Operating expenses:        
Depreciation and amortization 6,310,000 5,970,000 18,569,000 17,718,000
General and administrative (see Note 9 for related party information) 3,864,000 3,769,000 12,068,000 11,534,000
Real estate expenses (see Note 9 for related party information) 4,061,000 3,970,000 12,139,000 11,206,000
State taxes 76,000 60,000 232,000 211,000
Total operating expenses 14,311,000 13,769,000 43,008,000 40,669,000
Other operating income        
Gain on sale of real estate, net 332,000 4,063,000 5,046,000 16,762,000
Operating income 8,567,000 11,767,000 29,943,000 40,594,000
Other income and expenses:        
Equity in (loss) earnings of unconsolidated joint ventures (905,000) 82,000 (761,000) 310,000
Income on settlement of litigation (see Note 13)       5,388,000
Other income (see Note 13) 87,000 17,000 131,000 997,000
Interest:        
Expense (4,768,000) (4,367,000) (13,978,000) (13,026,000)
Amortization and write-off of deferred financing costs (212,000) (278,000) (619,000) (917,000)
Net income 2,769,000 7,221,000 14,716,000 33,346,000
Net income attributable to non-controlling interests (22,000) (17,000) (64,000) (52,000)
Net income attributable to One Liberty Properties, Inc. $ 2,747,000 $ 7,204,000 $ 14,652,000 $ 33,294,000
Weighted average number of common shares outstanding:        
Basic (in shares) 20,567 20,340 20,552 20,361
Diluted (in shares) 20,596 20,416 20,598 20,472
Per common share attributable to common stockholders:        
Basic (in dollars per share) $ 0.12 $ 0.34 $ 0.67 $ 1.58
Diluted (in dollars per share) 0.12 0.34 0.66 1.57
Cash distributions per share of common stock (in dollars per share) $ 0.45 $ 0.45 $ 1.35 $ 1.35
Rental income, net        
Revenues:        
Total revenues $ 22,546,000 $ 21,473,000 $ 67,905,000 $ 64,476,000
Lease termination fee        
Revenues:        
Total revenues       $ 25,000