ONE LIBERTY PROPERTIES INC
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
—Schedule III—Real Estate and Accumulated Depreciation
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · Cost Capitalized · · Gross Amount at Which Carried · · · · · · · | ||||||||||||||||||||||||||||||
| · · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2025 · · · · · · · | ||||||||||||||||||||||||||||||
| · · · · · · · · · · Building and · · Acquisition · · · · · Building & · · · · · Accumulated · · Date of · · Date | ||||||||||||||||||||||||||||||
| Type · · Location · · Encumbrances · · Land · · Improvements · · Improvements · · Land · · Improvements · · Total · · Depreciation (1) · · Construction · · Acquired | ||||||||||||||||||||||||||||||
| Industrial | West Palm Beach, FL | | $— | | $181 | | $724 | | $235 | | $181 | | $959 | | $1,140 | | $631 | 1973 | 1998 | |||||||||||
| Industrial | New Hyde Park, NY | | 5,994 | | 182 | | | 728 | | | 281 | | | 182 | | | 1,009 | | | 1,191 | | 639 | 1960 | 1999 | ||||||
| Industrial | Ronkonkoma, NY | | 4,674 | | 1,042 | | | 4,171 | | | 2,943 | | | 1,042 | | | 7,114 | | | 8,156 | | 4,123 | 1986 | 2000 | ||||||
| Industrial | Hauppauge, NY | | 19,779 | | 1,951 | | | 10,954 | | | 9,600 | | | 1,951 | | | 20,554 | | | 22,505 | | 10,271 | 1982/2019 | 2000 | ||||||
| Industrial | Melville, NY | | 4,438 | | 774 | | | 3,029 | | | 1,170 | | | 774 | | | 4,199 | | | 4,973 | | 2,280 | 1982 | 2003 | ||||||
| Industrial | Saco, ME | | 4,536 | | 1,027 | | | 3,623 | | | 2,050 | | | 1,027 | | | 5,673 | | | 6,700 | | 2,197 | 2001 | 2006 | ||||||
| Industrial | Baltimore, MD | | 15,630 | | 6,474 | | | 25,282 | | | — | | | 6,474 | | | 25,282 | | | 31,756 | | 12,036 | 1960 | 2006 | ||||||
| Industrial | Durham, NC | | 4,147 | | 1,043 | | | 2,404 | | | 44 | | | 1,043 | | | 2,448 | | | 3,491 | | 996 | 1991 | 2011 | ||||||
| Industrial | Pinellas Park, FL | | 5,600 | | 1,231 | | | 1,669 | | | 646 | | | 1,231 | | | 2,315 | | | 3,546 | | 717 | 1995 | 2012 | ||||||
| Industrial | Fort Mill, SC | | 18,025 | | 1,841 | | | 12,687 | | | 1,985 | | | 1,841 | | | 14,672 | | | 16,513 | | 4,499 | 1992 | 2013 | ||||||
| Industrial | Indianapolis, IN | | 8,525 | | 1,224 | | | 6,935 | | | 25 | | | 1,224 | | | 6,960 | | | 8,184 | | 2,480 | 1997 | 2013 | ||||||
| Industrial | Fort Mill, SC | | 18,231 | | 1,804 | | | 33,650 | | | — | | | 1,804 | | | 33,650 | | | 35,454 | | 11,736 | 1997 | 2013 | ||||||
| Industrial | New Hope, MN | | — | | 881 | | | 6,064 | | | 234 | | | 881 | | | 6,298 | | | 7,179 | | 1,834 | 1967 | 2014 | ||||||
| Industrial | Louisville, KY | | — | | 578 | | | 3,727 | | | 1,787 | | | 578 | | | 5,514 | | | 6,092 | | 1,289 | 1974 | 2015 | ||||||
| Industrial | Louisville, KY | | — | | 51 | | | 230 | | | — | | | 51 | | | 230 | | | 281 | | 65 | 1974 | 2015 | ||||||
| Industrial | McCalla, AL | | 12,084 | | 1,588 | | | 14,682 | | | — | | | 1,588 | | | 14,682 | | | 16,270 | | 3,916 | 2003 | 2015 | ||||||
| Industrial | St. Louis, MO | | 15,235 | | 3,728 | | | 13,006 | | | 1,472 | | | 3,728 | | | 14,478 | | | 18,206 | | 3,939 | 1969 | 2015 | ||||||
| Industrial | Greenville, SC | | 3,863 | | 693 | | | 6,893 | | | 1,119 | | | 693 | | | 8,012 | | | 8,705 | | 2,088 | 1997 | 2016 | ||||||
| Industrial | Greenville, SC | | 4,292 | | 528 | | | 8,074 | | | 954 | | | 528 | | | 9,028 | | | 9,556 | | 2,284 | 2000 | 2016 | ||||||
| Industrial | El Paso, TX | | 23,000 | | 3,691 | | | 17,904 | | | 2,429 | | | 3,691 | | | 20,333 | | | 24,024 | | 5,129 | 1997 | 2016 | ||||||
| Industrial | Lebanon, TN | | 18,563 | | 2,094 | | | 30,039 | | | 213 | | | 2,094 | | | 30,252 | | | 32,346 | | 7,256 | 1996 | 2016 | ||||||
| Industrial | Huntersville, NC | | 3,917 | | 1,046 | | | 6,674 | | | — | | | 1,046 | | | 6,674 | | | 7,720 | | 1,519 | 2014 | 2017 | ||||||
| Industrial | Pittston, PA | | 14,275 | | 999 | | | 9,922 | | | 1,609 | | | 999 | | | 11,531 | | | 12,530 | | 2,698 | 1990 | 2017 | ||||||
| Industrial | Ankeny, IA | | 6,682 | | 1,351 | | | 11,607 | | | — | | | 1,351 | | | 11,607 | | | 12,958 | | 2,545 | 2016 | 2017 | ||||||
| Industrial | Memphis, TN | | 4,155 | | 140 | | | 7,952 | | | — | | | 140 | | | 7,952 | | | 8,092 | | 1,701 | 1979 | 2017 | ||||||
| Industrial | Pennsburg, PA | | 6,713 | | 1,776 | | | 11,126 | | | — | | | 1,776 | | | 11,126 | | | 12,902 | | 2,403 | 1986 | 2018 | ||||||
| Industrial | Plymouth, MN | | 2,713 | | 1,121 | | | 4,429 | | | — | | | 1,121 | | | 4,429 | | | 5,550 | | 874 | 1978 | 2018 | ||||||
| Industrial | Englewood, CO | | 6,962 | | 1,562 | | | 11,300 | | | — | | | 1,562 | | | 11,300 | | | 12,862 | | 2,118 | 2013 | 2018 | ||||||
| Industrial | Moorestown, NJ | | 3,280 | | 1,822 | | | 5,056 | | | — | | | 1,822 | | | 5,056 | | | 6,878 | | 947 | 1990 | 2018 | ||||||
| Industrial | | Moorestown, NJ | | | 7,367 | | | 1,443 | | | 10,898 | | | 51 | | | 1,443 | | | 10,949 | | | 12,392 | | | 2,061 | | 1972 | | 2018 |
| Industrial | | Bakersfield, CA | | | 8,800 | | | 1,988 | | | 9,998 | | | — | | | 1,988 | | | 9,998 | | | 11,986 | | | 1,848 | | 1980 | | 2018 |
| Industrial | | Green Park, MO | | | 5,874 | | | 1,421 | | | 7,835 | | | 41 | | | 1,421 | | | 7,876 | | | 9,297 | | | 1,426 | | 2008 | | 2018 |
| Industrial | | Greenville, SC | | | 4,752 | | | 186 | | | 6,419 | | | 210 | | | 186 | | | 6,629 | | | 6,815 | | | 1,299 | | 2008 | | 2018 |
| Industrial | | Nashville, TN | | | 4,309 | | | 1,058 | | | 6,350 | | | 516 | | | 1,058 | | | 6,866 | | | 7,924 | | | 1,169 | | 1974 | | 2019 |
| Industrial | | Bensalem, PA | | | 3,421 | | | 1,602 | | | 4,323 | | | 239 | | | 1,602 | | | 4,562 | | | 6,164 | | | 766 | | 1975 | | 2019 |
| Industrial | | Chandler, AZ | | | 4,354 | | | 1,335 | | | 7,379 | | | 101 | | | 1,335 | | | 7,480 | | | 8,815 | | | 1,305 | | 2004 | | 2019 |
| Industrial | | LaGrange, GA | | | 2,679 | | | 297 | | | 4,500 | | | — | | | 297 | | | 4,500 | | | 4,797 | | | 755 | | 2013 | | 2019 |
| Industrial | | Shakopee, MN | | | 4,175 | | | 1,877 | | | 5,462 | | | 330 | | | 1,877 | | | 5,792 | | | 7,669 | | | 920 | | 1998 | | 2019 |
| Industrial | | Rincon, GA | | | 3,437 | | | 61 | | | 5,968 | | | — | | | 61 | | | 5,968 | | | 6,029 | | | 942 | | 1998 | | 2019 |
| Industrial | Chandler, AZ | | — | | | 1,164 | | | 1,691 | | | 4 | | | 1,164 | | | 1,695 | | | 2,859 | | | 283 | | 2007 | | 2019 | ||
| Industrial | | Ashland, VA | | | 4,795 | | | 391 | | | 7,901 | | | — | | | 391 | | | 7,901 | | | 8,292 | | | 1,211 | | 2007 | | 2020 |
| Industrial | | Lowell, AR | | | 10,535 | | | 1,687 | | | 15,188 | | | — | | | 1,687 | | | 15,188 | | | 16,875 | | | 2,445 | | 2017 | | 2020 |
| Industrial | | Monroe, NC | | | 3,923 | | | 897 | | | 5,106 | | | — | | | 897 | | | 5,106 | | | 6,003 | | | 619 | | 2000 | | 2021 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · Cost Capitalized · · Gross Amount at Which Carried · · · · · · · | ||||||||||||||||||||||||||||||
| · · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2025 · · · · · · · | ||||||||||||||||||||||||||||||
| · · · · · · · · · · Building and · · Acquisition · · · · · Building & · · · · · Accumulated · · Date of · · Date | ||||||||||||||||||||||||||||||
| Type · · Location · · Encumbrances · · Land · · Improvements · · Improvements · · Land · · Improvements · · Total · · Depreciation (1) · · Construction · · Acquired | ||||||||||||||||||||||||||||||
| Industrial | | Lehigh Acres, FL | | $5,372 | | $1,934 | | $7,393 | | $565 | | $1,934 | | $7,958 | | $9,892 | | $820 | | 2002 | | 2021 | ||||||||
| Industrial | | Omaha, NE | | | 5,500 | | | 1,001 | | | 6,547 | | | 257 | | | 1,001 | | | 6,804 | | | 7,805 | | | 751 | | 1988 | | 2021 |
| Industrial | | Fort Myers, FL | | | 4,335 | | | 991 | | | 6,876 | | | — | | | 991 | | | 6,876 | | | 7,867 | | | 723 | | 2020 | | 2022 |
| Industrial | | Dalton, GA | | | 9,298 | | | 547 | | | 15,836 | | | — | | | 547 | | | 15,836 | | | 16,383 | | | 1,442 | | 1996 | | 2022 |
| Industrial | | Hillside, IL | | | — | | | 2,560 | | | 2,975 | | | — | | | 2,560 | | | 2,975 | | | 5,535 | | | 293 | | 2002 | | 2022 |
| Industrial | | Lexington, KY | | | 4,993 | | | 1,558 | | | 6,881 | | | 266 | | | 1,558 | | | 7,147 | | | 8,705 | | | 645 | | 2001 | | 2022 |
| Industrial | | Northwood, OH | | | 5,439 | | | 181 | | | 8,306 | | | — | | | 181 | | | 8,306 | | | 8,487 | | | 672 | | 1999 | | 2022 |
| Industrial | | Northwood, OH | | | — | | | 171 | | | 7,383 | | | — | | | 171 | | | 7,383 | | | 7,554 | | | 606 | | 2001 | | 2022 |
| Industrial | | Blythewood, SC | | | 4,052 | | | 311 | | | 12,304 | | | 685 | | | 311 | | | 12,989 | | | 13,300 | | | 798 | | 2004 | | 2023 |
| Industrial | | Albuquerque, NM | | | 3,337 | | | 1,341 | | | 6,330 | | | — | | | 1,341 | | | 6,330 | | | 7,671 | | | 285 | | 1957 | | 2024 |
| Industrial | | Savannah, GA | | | 2,759 | | | 1,044 | | | 3,724 | | | — | | | 1,044 | | | 3,724 | | | 4,768 | | | 160 | | 1993 | | 2024 |
| Industrial | | Council Bluffs, IA | | | 18,425 | | | 3,811 | | | 28,462 | | | — | | | 3,811 | | | 28,462 | | | 32,273 | | | 1,024 | | 2023 | | 2024 |
| Industrial | | Theodore, AL | | | 29,000 | | | 366 | | | 25,484 | | | — | | | 366 | | | 25,484 | | | 25,850 | | | 632 | | 2022 | | 2025 |
| Industrial | | Theodore, AL | | | — | | | 244 | | | 20,306 | | | — | | | 244 | | | 20,306 | | | 20,550 | | | 502 | | 2023 | | 2025 |
| Industrial | | Wichita, KS | | | 7,500 | | | 1,129 | | | 10,730 | | | — | | | 1,129 | | | 10,730 | | | 11,859 | | | 249 | | 2020 | | 2025 |
| Industrial | | Council Bluffs, IA | | | 15,600 | | | 5,722 | | | 18,124 | | | — | | | 5,722 | | | 18,124 | | | 23,846 | | | 381 | | 2023 | | 2025 |
| Industrial | | Blythewood, SC | | | 14,000 | | | 1,226 | | | 20,968 | | | — | | | 1,226 | | | 20,968 | | | 22,194 | | | 208 | | 2023 | | 2025 |
| Industrial | | Oakdale, MN | | | 13,800 | | | 3,286 | | | 17,460 | | | — | | | 3,286 | | | 17,460 | | | 20,746 | | | 101 | | 2023 | | 2025 |
| Industrial | | Sewickley, PA | | | 32,400 | | | 1,178 | | | 13,627 | | | — | | | 1,178 | | | 13,627 | | | 14,805 | | | 15 | | 1980 | | 2025 |
| Industrial | | Sewickley, PA | | | — | | | 1,119 | | | 420 | | | — | | | 1,119 | | | 420 | | | 1,539 | | | 1 | | 1980 | | 2025 |
| Industrial | | Sewickley, PA | | | — | | | 485 | | | 4,078 | | | — | | | 485 | | | 4,078 | | | 4,563 | | | 5 | | 1989 | | 2025 |
| Industrial | | Sewickley, PA | | | — | | | 761 | | | 6,435 | | | — | | | 761 | | | 6,435 | | | 7,196 | | | 7 | | 1985 | | 2025 |
| Industrial | | Sewickley, PA | | | — | | | 409 | | | 5,181 | | | — | | | 409 | | | 5,181 | | | 5,590 | | | 6 | | 1985 | | 2025 |
| Industrial | | Sewickley, PA | | | — | | | 391 | | | 5,613 | | | — | | | 391 | | | 5,613 | | | 6,004 | | | 6 | | 1990 | | 2025 |
| Industrial | | Sewickley, PA | | | — | | | 818 | | | 8,598 | | | — | | | 818 | | | 8,598 | | | 9,416 | | | 9 | | 1986 | | 2025 |
| Industrial | | Sewickley, PA | | | — | | | 1,651 | | | — | | | — | | | 1,651 | | | — | | | 1,651 | | | — | | N/A | | 2025 |
| Industrial | | Joppa, MD | | 7,189 | | | 3,815 | | | 8,142 | | | 1,406 | | | 3,815 | | | 9,548 | | | 13,363 | | | 3,215 | | 1994 | | 2014 | |
| Retail | | Seattle, WA | | | — | | | 201 | | | 189 | | | 35 | | | 201 | | | 224 | | | 425 | | | 195 | | 1986 | | 1987 |
| Retail | | Rosenberg, TX | | | — | | | 216 | | | 863 | | | 66 | | | 216 | | | 929 | | | 1,145 | | | 708 | | 1994 | | 1995 |
| Retail | | Selden, NY | | | 2,155 | | | 572 | | | 2,287 | | | 150 | | | 572 | | | 2,437 | | | 3,009 | | | 1,619 | | 1997 | | 1999 |
| Retail | | Batavia, NY | | | — | | | 515 | | | 2,061 | | | — | | | 515 | | | 2,061 | | | 2,576 | | | 1,385 | | 1998 | | 1999 |
| Retail | | Champaign, IL | | | — | | | 791 | | | 3,165 | | | 1,273 | | | 791 | | | 4,438 | | | 5,229 | | | 2,513 | | 1985 | | 1999 |
| Retail | | El Paso, TX | | | 8,404 | | | 2,821 | | | 11,123 | | | 2,813 | | | 2,821 | | | 13,936 | | | 16,757 | | | 9,749 | | 1974 | | 2000 |
| Retail | | Somerville, MA | | | — | | | 510 | | | 1,993 | | | 24 | | | 510 | | | 2,017 | | | 2,527 | | | 1,152 | | 1993 | | 2003 |
| Retail | | Hyannis, MA | | | — | | | 802 | | | 2,324 | | | — | | | 802 | | | 2,324 | | | 3,126 | | | 1,043 | | 1998 | | 2008 |
| Retail | | Marston Mills, MA | | | — | | | 461 | | | 2,313 | | | — | | | 461 | | | 2,313 | | | 2,774 | | | 1,033 | | 1998 | | 2008 |
| Retail | | Everett, MA | | | — | | | 1,935 | | | — | | | — | | | 1,935 | | | — | | | 1,935 | | | — | | N/A | | 2008 |
| Retail | | Royersford, PA | | | 21,481 | | | 19,538 | | | 3,150 | | | 524 | | | 19,538 | | | 3,674 | | | 23,212 | | | 1,554 | | 2001 | | 2010 |
| Retail | | Monroeville, PA | | | — | | | 450 | | | 863 | | | 57 | | | 450 | | | 920 | | | 1,370 | | | 348 | | 1994 | | 2010 |
| Retail | | Crystal Lake, IL | | | — | | | 615 | | | 1,899 | | | 535 | | | 615 | | | 2,434 | | | 3,049 | | | 979 | | 1997 | | 2011 |
| Retail | | Highlands Ranch, CO | | | — | | | 2,361 | | | 2,924 | | | 296 | | | 2,361 | | | 3,220 | | | 5,581 | | | 1,151 | | 1995 | | 2014 |
| Retail | | Cuyahoga Falls, OH | | | 830 | | | 71 | | | 1,371 | | | 34 | | | 71 | | | 1,405 | | | 1,476 | | | 348 | | 2004 | | 2016 |
| Retail | | South Euclid, OH | | | 807 | | | 230 | | | 1,566 | | | 95 | | | 230 | | | 1,661 | | | 1,891 | | | 440 | | 1975 | | 2016 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · Cost Capitalized · · Gross Amount at Which Carried · · · · · · · | ||||||||||||||||||||||||||||||
| · · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2025 · · · · · · · | ||||||||||||||||||||||||||||||
| · · · · · · · · · · Building and · · Acquisition · · · · · Building & · · · · · Accumulated · · Date of · · Date | ||||||||||||||||||||||||||||||
| Type · · Location · · Encumbrances · · Land · · Improvements · · Improvements · · Land · · Improvements · · Total · · Depreciation (1) · · Construction · · Acquired | ||||||||||||||||||||||||||||||
| Retail | | St Louis Park, MN (2) | | $— | | $2,038 | | $7,962 | | $— | | $2,038 | | $7,962 | | $10,000 | | $— | | 1962 | | 2016 | ||||||||
| Retail | | Deptford, NJ | | | 2,091 | | | 572 | | | 1,779 | | | 705 | | | 572 | | | 2,484 | | | 3,056 | | | 1,315 | | 1981 | | 2012 |
| Retail | | Lexington, KY | | | — | | | 800 | | | 3,532 | | | 305 | | | 800 | | | 3,837 | | | 4,637 | | | 1,822 | | 1999 | | 2006 |
| Retail | | Amarillo, TX | | | — | | | 862 | | | 3,810 | | | 478 | | | 862 | | | 4,288 | | | 5,150 | | | 1,943 | | 1996 | | 2006 |
| Retail | | Austin, TX | | | — | | | 1,587 | | | 7,010 | | | 513 | | | 1,587 | | | 7,523 | | | 9,110 | | | 3,572 | | 2001 | | 2006 |
| Retail | | Tyler, TX | | | — | | | 1,031 | | | 4,554 | | | 27 | | | 1,031 | | | 4,581 | | | 5,612 | | | 2,248 | | 2001 | | 2006 |
| Retail | | Newport News, VA | | | — | | | 751 | | | 3,316 | | | 254 | | | 751 | | | 3,570 | | | 4,321 | | | 1,688 | | 1995 | | 2006 |
| Retail | | Richmond, VA | | | — | | | 866 | | | 3,829 | | | 299 | | | 866 | | | 4,128 | | | 4,994 | | | 1,945 | | 1979 | | 2006 |
| Retail | | Naples, FL | | | — | | | 3,070 | | | 2,846 | | | 302 | | | 3,070 | | | 3,148 | | | 6,218 | | | 1,384 | | 1992 | | 2008 |
| Retail | | Lake Charles, LA | | | — | | | 1,167 | | | 3,887 | | | 2,905 | | | 1,167 | | | 6,792 | | | 7,959 | | | 3,724 | | 1998 | | 2002 |
| Retail | | Chicago, IL | | | — | | | 3,877 | | | 2,256 | | | 67 | | | 3,877 | | | 2,323 | | | 6,200 | | | 976 | | 1994 | | 2008 |
| Retail | | Cary, NC | | | — | | | 1,129 | | | 3,736 | | | — | | | 1,129 | | | 3,736 | | | 4,865 | | | 1,615 | | 1995 | | 2008 |
| Retail | | El Paso, TX | | | — | | | 1,035 | | | 2,700 | | | — | | | 1,035 | | | 2,700 | | | 3,735 | | | 1,167 | | 1993 | | 2008 |
| Theater | Greensboro, NC | — | | | — | | | 8,328 | | | 3,000 | | | — | | | 11,328 | | | 11,328 | | | 9,851 | | 1999 | | 2004 | |||
| Theater | Indianapolis, IN | | — | | | 3,099 | | | 5,225 | | | 19 | | | 3,099 | | | 5,244 | | | 8,343 | | | 1,575 | | 1997 | | 2014 | ||
| Office | Brooklyn, NY | — | | | 1,381 | | | 5,447 | | | 3,188 | | | 1,381 | | | 8,635 | | | 10,016 | | | 5,531 | | 1973 | | 1998 | |||
| Health & Fitness | Tucker, GA | | — | | | 807 | | | 3,027 | | | 3,420 | | | 807 | | | 6,447 | | | 7,254 | | | 3,861 | | 1988 | | 2002 | ||
| Restaurant | Myrtle Beach, SC | — | | | 1,102 | | | 1,161 | | | 25 | | | 1,102 | | | 1,186 | | | 2,288 | | | 414 | | 1978 | | 2013 | |||
| | | | | $522,501 | | $153,143 | | $764,238 | | $54,876 | | $153,143 | | $819,114 | | $972,257 | | $194,663 | | | | | ||||||||
Note 1 — Depreciation is provided over the estimated useful lives of the buildings and improvements, which range fromtwo to 40 years.
Note 2 — Amounts for this property’s land, building and improvements and accumulated depreciation are shown net of $1,351, $5,277, and $3,335, respectively, resulting from an impairment write-off in 2025.
Notes to Schedule III
Consolidated Real Estate and Accumulated Depreciation
(a) Reconciliation of “Real Estate and Accumulated Depreciation”
(Amounts in Thousands)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| Investment in real estate: | | | | | | | | | |
| Balances: Beginning of year | | $860,752 | | $864,655 | | $879,596 | |||
| Addition: Land, buildings and improvements | | 179,564 | | 50,112 | | 18,176 | |||
| Deduction: Properties sold | | | (60,131) | | | (52,474) | | | (33,117) |
| Deduction: Impairments on properties | | (7,928) | | (1,541) | | — | |||
| Balances: End of year | | $972,257 | | $860,752 | | $864,655 | |||
| | | | (1) | | | | | | |
| Accumulated depreciation: | | | | | | | | | |
| Balances: Beginning of year | | $188,447 | | $182,705 | | $173,143 | |||
| Addition: Depreciation | | 21,411 | | 19,515 | | 19,242 | |||
| Deduction: Accumulated depreciation related to properties sold | | (11,860) | | (13,318) | | (9,680) | |||
| Deduction: Accumulated depreciation on impaired properties | | | (3,335) | | | (455) | | | — |
| Balances: End of year | | $194,663 | | $188,447 | | $182,705 | |||
| (1) | At December 31, 2025, the aggregate cost for federal income tax purposes is approximately $38,744 greater than the Company’s recorded values. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.