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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate investments, at cost    
Land $ 171,401 $ 172,309
Buildings and improvements 704,688 692,346
Total real estate investments, at cost 876,089 864,655
Less accumulated depreciation 186,709 182,705
Real estate investments, net 689,380 681,950
Investment in unconsolidated joint ventures 2,038 2,051
Cash and cash equivalents 25,684 26,430
Unbilled rent receivable 17,312 16,661
Unamortized intangible lease assets, net 14,763 14,681
Escrow, deposits and other assets and receivables 19,669 19,833
Total assets [1] 768,846 761,606
Liabilities:    
Mortgages payable, net 426,139 418,347
Line of credit
Dividends payable 9,949 9,916
Accrued expenses and other liabilities 15,350 15,502
Unamortized intangible lease liabilities, net 12,088 10,096
Total liabilities [1] 463,526 453,861
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; 20,653 and 20,323 shares issued and outstanding 20,653 20,323
Paid-in capital 333,083 326,379
Accumulated other comprehensive income 271 844
Distributions in excess of net income (49,830) (40,843)
Total One Liberty Properties, Inc. stockholders' equity 304,177 306,703
Non-controlling interests in consolidated joint ventures [1] 1,143 1,042
Total equity 305,320 307,745
Total liabilities and equity $ 768,846 $ 761,606
[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, $15,655 and $17,475 of building and improvements, net of $6,299 and $6,380 of accumulated depreciation, $2,513 and $3,158 of other assets included in other line items, $13,438 and $16,660 of real estate debt, net, $672 and $1,130 of other liabilities included in other line items and $1,143 and $1,042 of non-controlling interests as of September 30, 2024 and December 31, 2023, respectively.