ONE LIBERTY PROPERTIES INC

For the period ended Dec 31, 2023. Filed Mar 6, 2024.

About 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.

FY2023 · Filed Mar 6, 2024

OLP$21.35+1.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(Amounts in Thousands, Except Par Value)


· · December 31,
	2023		2022
ASSETS
Real estate investments, at cost
Land		$172,309		$181,805
Buildings and improvements		692,346		697,791
Total real estate investments, at cost		864,655		879,596
Less accumulated depreciation		182,705		173,143
Real estate investments, net		681,950		706,453

Investment in unconsolidated joint ventures		2,051		10,400
Cash and cash equivalents		26,430		6,718
Unbilled rent receivable		16,661		16,079
Unamortized intangible lease assets, net		14,681		19,841
Escrow, deposits and other assets and receivables		19,833		23,764
Total assets(1)		$761,606		$783,255
LIABILITIES AND EQUITY
Liabilities:
Mortgages payable, net (see Note 8)		$418,347		$405,162
Line of credit, net (see Note 8)		—		21,068
Dividends payable		9,916		9,693
Accrued expenses and other liabilities		15,502		19,270
Unamortized intangible lease liabilities, net		10,096		11,125
Total liabilities(1)		453,861		466,318

Commitments and contingencies

Equity:
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; 20,323 and 20,362 shares issued and outstanding		20,323		20,362
Paid-in capital		326,379		325,895
Accumulated other comprehensive income		844		1,810
Distributions in excess of net income		(40,843)		(32,102)
Total One Liberty Properties, Inc. stockholders’ equity		306,703		315,965
Non-controlling interests in consolidated joint ventures(1)		1,042		972
Total equity		307,745		316,937
Total liabilities and equity		$761,606		$783,255

(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: $9,917and $10,365 of land, $17,475 and $17,870 of building and improvements, net of $6,380 and $5,670 of accumulated depreciation, $3,158 and $3,518 of other assets included in other line items, $16,660 and $18,500 of real estate debt, net, $1,130 and $1,135 of other liabilities included in other line items, and $1,042 and $972 of non-controlling interests as of December 31, 2023 and 2022, respectively.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.