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$21.16-0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

—Schedule III—Real Estate and Accumulated Depreciation


· · · · · · · · · · · · · Cost · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · Capitalized · · Gross Amount at Which Carried · · · · · · ·
· · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2023 · · · · · · ·
· · · · · · · · · · Building and · · Acquisition · · · · · Building & · · · · · Accumulated · · Date of · · Date
Type · Location · Encumbrances · Land · Improvements · Improvements · Land · Improvements · Total · Depreciation (1) · Construction · Acquired
Health & Fitness	Tucker, GA	$—	$807	$3,027	$3,420	$807	$6,447	$7,254	$3,461	1988	2002
Health & Fitness	Hamilton, OH	3,969	1,483	5,953	10	1,483	5,963	7,446	2,128	2008	2011
Health & Fitness	Secaucus, NJ	7,058	5,449	9,873	—	5,449	9,873	15,322	2,744	1986	2012
Industrial	West Palm Beach, FL	—	181	724	235	181	959	1,140	551	1973	1998
Industrial	New Hyde Park, NY	2,103	182	728	281	182	1,009	1,191	574	1960	1999
Industrial	Ronkonkoma, NY	5,004	1,042	4,171	2,943	1,042	7,114	8,156	3,625	1986	2000
Industrial	Hauppauge, NY	21,984	1,951	10,954	9,600	1,951	20,554	22,505	9,279	1982	2000
Industrial	Melville, NY	2,195	774	3,029	1,170	774	4,199	4,973	2,037	1982	2003
Industrial	Saco, ME	4,865	1,027	3,623	2,050	1,027	5,673	6,700	1,914	2001	2006
Industrial	Baltimore, MD	16,995	6,474	25,282	—	6,474	25,282	31,756	10,772	1960	2006
Industrial	Durham, NC	4,250	1,043	2,404	44	1,043	2,448	3,491	877	1991	2011
Industrial	Pinellas Park, FL	1,957	1,231	1,669	614	1,231	2,283	3,514	555	1995	2012
Industrial	Miamisburg, OH	—	165	1,348	90	165	1,438	1,603	489	1987	2012
Industrial	Fort Mill, SC	18,548	1,840	12,687	557	1,840	13,244	15,084	3,593	1992	2013
Industrial	Indianapolis, IN	8,741	1,224	6,935	—	1,224	6,935	8,159	2,155	1997	2013
Industrial	Fort Mill, SC	20,197	1,804	33,650	—	1,804	33,650	35,454	10,154	1997	2013
Industrial	New Hope, MN	3,658	881	6,064	234	881	6,298	7,179	1,480	1967	2014
Industrial	Louisville, KY	—	578	3,727	570	578	4,297	4,875	877	1974	2015
Industrial	Louisville, KY	—	51	230	—	51	230	281	53	1974	2015
Industrial	McCalla, AL	12,665	1,588	14,682	—	1,588	14,682	16,270	3,167	2003	2015
Industrial	St. Louis, MO	9,580	3,728	13,006	779	3,728	13,785	17,513	3,140	1969	2015
Industrial	Greenville, SC	4,206	693	6,893	1,101	693	7,994	8,687	1,558	1997	2016
Industrial	Greenville, SC	4,674	528	8,074	938	528	9,012	9,540	1,732	2000	2016
Industrial	El Paso, TX	23,000	3,691	17,904	2,429	3,691	20,333	24,024	3,871	1997	2016
Industrial	Lebanon, TN	19,504	2,094	30,039	214	2,094	30,253	32,347	5,676	1996	2016
Industrial	Huntersville, NC	4,251	1,046	6,674	—	1,046	6,674	7,720	1,167	2014	2017
Industrial	Pittston, PA	14,350	999	9,922	1,609	999	11,531	12,530	1,891	1990	2017
Industrial	Ankeny, IA	7,251	1,351	11,607	—	1,351	11,607	12,958	1,949	2016	2017
Industrial	Memphis, TN	4,457	140	7,952	—	140	7,952	8,092	1,286	1979	2017
Industrial	Pennsburg, PA	7,182	1,776	11,126	—	1,776	11,126	12,902	1,786	1986	2018
Industrial	Plymouth, MN	2,904	1,121	4,429	—	1,121	4,429	5,550	642	1978	2018
Industrial	Englewood, CO	7,412	1,562	11,300	—	1,562	11,300	12,862	1,531	2013	2018
Industrial	Moorestown, NJ	3,507	1,822	5,056	—	1,822	5,056	6,878	681	1990	2018
Industrial	Moorestown, NJ	7,844	1,443	10,898	52	1,443	10,950	12,393	1,497	1972	2018
Industrial	Bakersfield, CA	—	1,988	9,998	—	1,988	9,998	11,986	1,323	1980	2018
Industrial	Green Park, MO	5,666	1,421	7,835	—	1,421	7,835	9,256	1,016	2008	2018
Industrial	Greenville, SC	4,800	186	6,419	210	186	6,629	6,815	889	2008	2018
Industrial	Nashville, TN	4,611	1,058	6,350	255	1,058	6,605	7,663	767	1974	2019
Industrial	Wauconda, IL	—	67	3,423	41	67	3,464	3,531	439	1998	2019
Industrial	Bensalem, PA	3,649	1,602	4,323	150	1,602	4,473	6,075	516	1975	2019
Industrial	Chandler, AZ	4,648	1,335	7,379	102	1,335	7,481	8,816	897	2004	2019
Industrial	LaGrange, GA	2,862	297	4,500	—	297	4,500	4,797	521	2013	2019
Industrial	Shakopee, MN	4,469	1,877	5,462	10	1,877	5,472	7,349	624	1998	2019


· · · · · · · · · · · · · Cost · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · Capitalized · · Gross Amount at Which Carried · · · · · · ·
· · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2023 · · · · · · ·
· · · · · · · · · · Building and · · Acquisition · · · · · Building & · · · · · Accumulated · · Date of · · Date
Type · Location · Encumbrances · Land · Improvements · Improvements · Land · Improvements · Total · Depreciation (1) · Construction · Acquired
Industrial	Rincon, GA	$3,675	$61	$5,968	$—	$61	$5,968	$6,029	$638	1998	2019
Industrial	Chandler, AZ	—	1,164	1,691	4	1,164	1,695	2,859	192	2007	2019
Industrial	Ashland, VA	5,131	391	7,901	—	391	7,901	8,292	799	2007	2020
Industrial	Lowell, AR	11,265	1,687	15,188	—	1,687	15,188	16,875	1,613	2017	2020
Industrial	Monroe, NC	4,185	897	5,106	—	897	5,106	6,003	351	2000	2021
Industrial	Lehigh Acres, FL	5,727	1,934	7,393	—	1,934	7,393	9,327	437	2002	2021
Industrial	Omaha, NE	—	1,001	6,547	6	1,001	6,553	7,554	360	1988	2021
Industrial	Fort Myers, FL	4,617	991	6,876	—	991	6,876	7,867	358	2020	2022
Industrial	Dalton, GA	9,710	547	15,836	—	547	15,836	16,383	646	1996	2022
Industrial	Hillside, IL	—	2,560	2,975	—	2,560	2,975	5,535	131	2002	2022
Industrial	Lexington, KY	5,279	1,558	6,881	—	1,558	6,881	8,439	276	2001	2022
Industrial	Northwood, OH	5,823	181	8,306	—	181	8,306	8,487	242	1999	2022
Industrial	Northwood, OH	—	171	7,383	—	171	7,383	7,554	218	2001	2022
Industrial	Blythewood, SC	4,236	311	12,304	—	311	12,304	12,615	147	2004	2023
Industrial	Joppa, MD	7,859	3,815	8,142	1,406	3,815	9,548	13,363	2,618	1994	2014
Office	Brooklyn, NY	—	1,381	5,447	3,161	1,381	8,608	9,989	5,039	1973	1998
Other	Newark, DE	1,157	935	3,643	278	935	3,921	4,856	1,978	1996	2003
Other	Beachwood, OH	—	13,901	—	3,375	17,276	—	17,276	—	N/A	2016
Restaurant	Kennesaw, GA	—	702	916	—	702	916	1,618	293	1989	2012
Restaurant	Concord, NC	1,240	999	1,076	—	999	1,076	2,075	338	2000	2013
Restaurant	Myrtle Beach, SC	1,240	1,102	1,161	—	1,102	1,161	2,263	352	1978	2013
Retail	Seattle, WA	—	201	189	35	201	224	425	182	1986	1987
Retail	Rosenberg, TX	—	216	863	66	216	929	1,145	656	1994	1995
Retail	Selden, NY	2,314	572	2,287	150	572	2,437	3,009	1,497	1997	1999
Retail	Batavia, NY	—	515	2,061	—	515	2,061	2,576	1,282	1998	1999
Retail	Champaign, IL	—	791	3,165	530	791	3,695	4,486	2,184	1985	1999
Retail	El Paso, TX	9,157	2,821	11,123	2,813	2,821	13,936	16,757	8,694	1974	2000
Retail	Somerville, MA	—	510	1,993	24	510	2,017	2,527	1,051	1993	2003
Retail	Hyannis, MA	—	802	2,324	—	802	2,324	3,126	927	1998	2008
Retail	Marston Mills, MA	—	461	2,313	—	461	2,313	2,774	918	1998	2008
Retail	Everett, MA	—	1,935	—	—	1,935	—	1,935	—	N/A	2008
Retail	Kennesaw, GA	4,467	1,501	4,349	1,138	1,501	5,487	6,988	2,403	1995	2008
Retail	Royersford, PA	18,165	19,538	3,150	524	19,538	3,674	23,212	1,337	2001	2010
Retail	Monroeville, PA	—	450	863	57	450	920	1,370	297	1994	2010
Retail	Bolingbrook, IL	—	834	1,887	101	834	1,988	2,822	713	2001	2011
Retail	Crystal Lake, IL	—	615	1,899	535	615	2,434	3,049	759	1997	2011
Retail	Lawrence, KS	—	134	938	207	134	1,145	1,279	327	1915	2012
Retail	Greensboro, NC	—	1,046	1,552	29	1,046	1,581	2,627	450	2002	2014
Retail	Highlands Ranch, CO	—	2,361	2,924	296	2,361	3,220	5,581	935	1995	2014
Retail	Woodbury, MN	2,405	1,190	4,003	—	1,190	4,003	5,193	1,098	2006	2014
Retail	Cuyahoga Falls, OH	908	71	1,371	—	71	1,371	1,442	271	2004	2016
Retail	Hilliard, OH	805	300	1,077	—	300	1,077	1,377	218	2007	2016
Retail	Port Clinton, OH	779	52	1,187	—	52	1,187	1,239	241	2005	2016
Retail	South Euclid, OH	882	230	1,566	53	230	1,619	1,849	343	1975	2016
Retail	St Louis Park, MN	—	3,388	13,088	152	3,388	13,240	16,628	2,621	1962	2016
Retail	Deptford, NJ	2,277	572	1,779	705	572	2,484	3,056	1,139	1981	2012
Retail	Cape Girardeau, MO	862	545	1,547	—	545	1,547	2,092	484	1994	2012
Retail	Littleton, CO	8,048	6,005	11,272	1,037	5,557	12,757	18,314	3,278	1985	2015

· · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·
					Cost
· · · · · · · · · · · · · Capitalized · · Gross Amount at Which Carried · · · · · · ·
· · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2023 · · · · · · ·
· · · · · · · · · · Building and · · Acquisition · · · · · Building & · · · · · Accumulated · · Date of · · Date
Type · Location · Encumbrances · Land · Improvements · Improvements · Land · Improvements · Total · Depreciation (1) · Construction · Acquired
Retail-Furniture	Wichita, KS	—	1,189	5,248	126	1,189	5,374	6,563	2,325	1996	2006
Retail-Furniture	Lexington, KY	—	800	3,532	266	800	3,798	4,598	1,587	1999	2006
Retail-Furniture	Bluffton, SC	—	589	2,600	170	589	2,770	3,359	1,158	1994	2006
Retail-Furniture	Amarillo, TX	—	860	3,810	2	860	3,812	4,672	1,687	1996	2006
Retail-Furniture	Austin, TX	—	1,587	7,010	192	1,587	7,202	8,789	3,138	2001	2006
Retail-Furniture	Tyler, TX	—	1,031	4,554	168	1,031	4,722	5,753	2,029	2001	2006
Retail-Furniture	Newport News, VA	—	751	3,316	229	751	3,545	4,296	1,471	1995	2006
Retail-Furniture	Richmond, VA	—	867	3,829	164	867	3,993	4,860	1,698	1979	2006
Retail-Furniture	Gurnee, IL	—	834	3,635	—	834	3,635	4,469	1,571	1994	2006
Retail-Furniture	Naples, FL	1,684	3,070	2,846	195	3,070	3,041	6,111	1,204	1992	2008
Retail-Office Supply	Lake Charles, LA (2)	—	1,167	3,887	2,905	1,167	6,792	7,959	3,063	1998	2002
Retail-Office Supply	Chicago, IL (2)	3,076	3,877	2,256	—	3,877	2,256	6,133	862	1994	2008
Retail-Office Supply	Cary, NC (2)	2,595	1,129	3,736	—	1,129	3,736	4,865	1,428	1995	2008
Retail-Office Supply	Eugene, OR (2)	2,312	1,952	2,096	—	1,952	2,096	4,048	801	1994	2008
Retail-Office Supply	El Paso, TX (2)	2,021	1,035	2,700	—	1,035	2,700	3,735	1,032	1993	2008
Theater	Greensboro, NC	—	—	8,328	3,000	—	11,328	11,328	9,142	1999	2004
Theater	Indianapolis, IN	3,648	3,099	5,225	19	3,099	5,244	8,343	1,294	1997	2014
		$422,565	$169,382	$641,447	$53,826	$172,309	$692,346	$864,655	$182,705

Note 1—Depreciation is provided over the estimated useful lives of the buildings and improvements, which range from 2 to 40 years.

Note 2—These five properties are retail office supply stores net leased to the same tenant, pursuant to separate leases. Four of these leases contain cross default provisions.

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,
	2023		2022		2021
Investment in real estate:
Balance, beginning of year		$879,596		$837,641		$839,058
Addition: Land, buildings and improvements		18,176		59,654		28,837
Deduction: Properties sold		(33,117)		(17,699)		(28,064)
Deduction: Property held-for-sale		—		—		(2,190)
Balance, end of year		$864,655		$879,596		$837,641
		(b)
Accumulated depreciation:
Balance, beginning of year		$173,143		$160,664		$147,136
Addition: Depreciation		19,242		18,471		17,694
Deduction: Accumulated depreciation related to properties sold		(9,680)		(5,992)		(3,246)
Deduction: Accumulated depreciation related to property held-for-sale		—		—		(920)
Balance, end of year		$182,705		$173,143		$160,664

(b)	At December 31, 2023, the aggregate cost for federal income tax purposes is approximately $20,749 greater than the Company’s recorded values.

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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.