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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate investments, at cost    
Land $ 172,135 $ 172,309
Buildings and improvements 692,489 692,346
Total real estate investments, at cost 864,624 864,655
Less accumulated depreciation 187,346 182,705
Real estate investments, net 677,278 681,950
Investment in unconsolidated joint ventures 2,104 2,051
Cash and cash equivalents 27,373 26,430
Unbilled rent receivable 16,872 16,661
Unamortized intangible lease assets, net 13,650 14,681
Escrow, deposits and other assets and receivables 18,392 19,833
Total assets [1] 755,669 761,606
Liabilities:    
Mortgages payable, net 416,539 418,347
Dividends payable 10,092 9,916
Accrued expenses and other liabilities 13,309 15,502
Unamortized intangible lease liabilities, net 9,679 10,096
Total liabilities [1] 449,619 453,861
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; 20,526 and 20,323 shares issued and outstanding 20,526 20,323
Paid-in capital 328,883 326,379
Accumulated other comprehensive income 755 844
Distributions in excess of net income (45,330) (40,843)
Total One Liberty Properties, Inc. stockholders' equity 304,834 306,703
Non-controlling interests in consolidated joint ventures [1] 1,216 1,042
Total equity 306,050 307,745
Total liabilities and equity $ 755,669 $ 761,606
[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: $9,743 and $9,917 of land, $16,952 and $17,475 of building and improvements, net of $6,383 and $6,380 of accumulated depreciation, $3,038 and $3,158 of other assets included in other line items, $13,731 and $16,660 of real estate debt, net, $1,084 and $1,130 of other liabilities included in other line items and $1,216 and $1,042 of non-controlling interests as of March 31, 2024 and December 31, 2023, respectively.