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CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Real estate investments, at cost |  |  |
Land |  | $ 165,708,000 | $ 172,309,000
Buildings and improvements |  | 695,044,000 | 692,346,000
Total real estate investments, at cost |  | 860,752,000 | 864,655,000
Less accumulated depreciation |  | 188,447,000 | 182,705,000
Real estate investments, net |  | 672,305,000 | 681,950,000
Investment in unconsolidated joint ventures |  | 2,101,000 | 2,051,000
Cash and cash equivalents |  | 42,315,000 | 26,430,000
Unbilled rent receivable |  | 16,988,000 | 16,661,000
Unamortized intangible lease assets, net |  | 13,649,000 | 14,681,000
Escrow, deposits and other assets and receivables |  | 19,596,000 | 19,833,000
Total assets | [1] | 766,954,000 | 761,606,000
Liabilities: |  |  |
Mortgages payable, net |  | 420,555,000 | 418,347,000
Line of credit |  | 0 |
Dividends payable |  | 10,049,000 | 9,916,000
Accrued expenses and other liabilities |  | 16,023,000 | 15,502,000
Unamortized intangible lease liabilities, net |  | 11,752,000 | 10,096,000
Total liabilities | [1] | 458,379,000 | 453,861,000
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; 20,698 and 20,323 shares issued and outstanding |  | 20,698,000 | 20,323,000
Paid-in capital |  | 335,539,000 | 326,379,000
Accumulated other comprehensive income |  | 208,000 | 844,000
Distributions in excess of net income |  | (49,020,000) | (40,843,000)
Total One Liberty Properties, Inc. stockholders' equity |  | 307,425,000 | 306,703,000
Non-controlling interests in consolidated joint ventures | [1] | 1,150,000 | 1,042,000
Total equity |  | 308,575,000 | 307,745,000
Total liabilities and equity |  | $ 766,954,000 | $ 761,606,000
[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: $9,198 and $9,917 of land, $15,599 and $17,475 of building and improvements, net of $6,516 and $6,380 of accumulated depreciation, $2,767 and $3,158 of other assets included in other line items, $13,295 and $16,660 of real estate debt, net, $966 and $1,130 of other liabilities included in other line items, and $1,150 and $1,042 of non-controlling interests as of December 31, 2024 and 2023, respectively.

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