ONE LIBERTY PROPERTIES INC

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

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.

FY2024 · Filed Mar 6, 2025

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

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

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Contents

—Schedule III—Real Estate and Accumulated Depreciation


· · · · · · · · · · · · · Cost Capitalized · · Gross Amount at Which Carried · · · · · · ·
· · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2024 · · · · · · ·
· · · · · · · · · · 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	$3,662	1988	2002
Industrial	West Palm Beach, FL	—	181	724	235	181	959	1,140	591	1973	1998
Industrial	New Hyde Park, NY	2,016	182	728	281	182	1,009	1,191	606	1960	1999
Industrial	Ronkonkoma, NY	4,843	1,042	4,171	2,943	1,042	7,114	8,156	3,874	1986	2000
Industrial	Hauppauge, NY	20,905	1,951	10,954	9,600	1,951	20,554	22,505	9,775	1982	2000
Industrial	Melville, NY	4,495	774	3,029	1,170	774	4,199	4,973	2,158	1982	2003
Industrial	Saco, ME	4,704	1,027	3,623	2,050	1,027	5,673	6,700	2,055	2001	2006
Industrial	Baltimore, MD	16,325	6,474	25,282	—	6,474	25,282	31,756	11,404	1960	2006
Industrial	Durham, NC	4,200	1,043	2,404	44	1,043	2,448	3,491	936	1991	2011
Industrial	Pinellas Park, FL	1,879	1,231	1,669	614	1,231	2,283	3,514	636	1995	2012
Industrial	Fort Mill, SC	18,294	1,840	12,687	1,964	1,840	14,651	16,491	3,993	1992	2013
Industrial	Indianapolis, IN	8,641	1,224	6,935	25	1,224	6,960	8,184	2,317	1997	2013
Industrial	Fort Mill, SC	19,238	1,804	33,650	—	1,804	33,650	35,454	10,945	1997	2013
Industrial	New Hope, MN	3,548	881	6,064	234	881	6,298	7,179	1,657	1967	2014
Industrial	Louisville, KY	—	578	3,727	1,657	578	5,384	5,962	1,044	1974	2015
Industrial	Louisville, KY	—	51	230	—	51	230	281	59	1974	2015
Industrial	McCalla, AL	12,382	1,588	14,682	—	1,588	14,682	16,270	3,542	2003	2015
Industrial	St. Louis, MO	15,425	3,728	13,006	802	3,728	13,808	17,536	3,527	1969	2015
Industrial	Greenville, SC	4,038	693	6,893	1,119	693	8,012	8,705	1,823	1997	2016
Industrial	Greenville, SC	4,487	528	8,074	938	528	9,012	9,540	2,008	2000	2016
Industrial	El Paso, TX	23,000	3,691	17,904	2,429	3,691	20,333	24,024	4,500	1997	2016
Industrial	Lebanon, TN	19,042	2,094	30,039	213	2,094	30,252	32,346	6,466	1996	2016
Industrial	Huntersville, NC	4,087	1,046	6,674	—	1,046	6,674	7,720	1,343	2014	2017
Industrial	Pittston, PA	14,350	999	9,922	1,609	999	11,531	12,530	2,295	1990	2017
Industrial	Ankeny, IA	6,972	1,351	11,607	—	1,351	11,607	12,958	2,247	2016	2017
Industrial	Memphis, TN	4,310	140	7,952	—	140	7,952	8,092	1,494	1979	2017
Industrial	Pennsburg, PA	6,953	1,776	11,126	—	1,776	11,126	12,902	2,095	1986	2018
Industrial	Plymouth, MN	2,811	1,121	4,429	—	1,121	4,429	5,550	758	1978	2018
Industrial	Englewood, CO	7,192	1,562	11,300	—	1,562	11,300	12,862	1,824	2013	2018
Industrial	Moorestown, NJ	3,396	1,822	5,056	—	1,822	5,056	6,878	814	1990	2018
Industrial	Moorestown, NJ	7,611	1,443	10,898	51	1,443	10,949	12,392	1,779	1972	2018
Industrial	Bakersfield, CA	—	1,988	9,998	—	1,988	9,998	11,986	1,586	1980	2018
Industrial	Green Park, MO	5,948	1,421	7,835	41	1,421	7,876	9,297	1,220	2008	2018
Industrial	Greenville, SC	4,800	186	6,419	210	186	6,629	6,815	1,094	2008	2018
Industrial	Nashville, TN	4,463	1,058	6,350	313	1,058	6,663	7,721	963	1974	2019
Industrial	Bensalem, PA	3,537	1,602	4,323	149	1,602	4,472	6,074	635	1975	2019
Industrial	Chandler, AZ	4,504	1,335	7,379	101	1,335	7,480	8,815	1,101	2004	2019
Industrial	LaGrange, GA	2,772	297	4,500	—	297	4,500	4,797	638	2013	2019
Industrial	Shakopee, MN	4,324	1,877	5,462	10	1,877	5,472	7,349	769	1998	2019


· · · · · · · · · · · · · Cost Capitalized · · Gross Amount at Which Carried · · · · · · ·
· · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2024 · · · · · · ·
· · · · · · · · · · Building and · · Acquisition · · · · · Building & · · · · · Accumulated · · Date of · · Date
Type · Location · Encumbrances · Land · Improvements · Improvements · Land · Improvements · Total · Depreciation (1) · Construction · Acquired
Industrial	Rincon, GA	$3,559	$61	$5,968	$—	$61	$5,968	$6,029	$790	1998	2019
Industrial	Chandler, AZ	—	1,164	1,691	4	1,164	1,695	2,859	237	2007	2019
Industrial	Ashland, VA	4,966	391	7,901	—	391	7,901	8,292	1,005	2007	2020
Industrial	Lowell, AR	10,907	1,687	15,188	—	1,687	15,188	16,875	2,029	2017	2020
Industrial	Monroe, NC	4,056	897	5,106	—	897	5,106	6,003	485	2000	2021
Industrial	Lehigh Acres, FL	5,552	1,934	7,393	—	1,934	7,393	9,327	628	2002	2021
Industrial	Omaha, NE	5,500	1,001	6,547	257	1,001	6,804	7,805	532	1988	2021
Industrial	Fort Myers, FL	4,478	991	6,876	—	991	6,876	7,867	541	2020	2022
Industrial	Dalton, GA	9,507	547	15,836	—	547	15,836	16,383	1,044	1996	2022
Industrial	Hillside, IL	—	2,560	2,975	—	2,560	2,975	5,535	212	2002	2022
Industrial	Lexington, KY	5,139	1,558	6,881	—	1,558	6,881	8,439	456	2001	2022
Industrial	Northwood, OH	5,634	181	8,306	—	181	8,306	8,487	457	1999	2022
Industrial	Northwood, OH	—	171	7,383	—	171	7,383	7,554	412	2001	2022
Industrial	Blythewood, SC	4,147	311	12,304	29	311	12,333	12,644	469	2004	2023
Industrial	Albuquerque, NM	3,380	1,341	6,330	—	1,341	6,330	7,671	118	1957	2024
Industrial	Savannah, GA	2,795	1,044	3,724	—	1,044	3,724	4,768	62	1993	2024
Industrial	Council Bluffs, IA	18,425	3,811	28,462	—	3,811	28,462	32,273	279	2023	2024
Industrial	Joppa, MD	7,530	3,815	8,142	1,406	3,815	9,548	13,363	2,917	1994	2014
Office	Brooklyn, NY	—	1,381	5,447	3,188	1,381	8,635	10,016	5,297	1973	1998
Other	Newark, DE	1,044	935	3,643	278	935	3,921	4,856	2,093	1996	2003
Other	Beachwood, OH	—	13,901	—	3,475	17,376	—	17,376	—	N/A	2016
Restaurant	Concord, NC	—	999	1,076	25	999	1,101	2,100	373	2000	2013
Restaurant	Myrtle Beach, SC	—	1,102	1,161	25	1,102	1,186	2,288	382	1978	2013
Retail	Seattle, WA	—	201	189	35	201	224	425	188	1986	1987
Retail	Rosenberg, TX	—	216	863	66	216	929	1,145	682	1994	1995
Retail	Selden, NY	2,237	572	2,287	150	572	2,437	3,009	1,558	1997	1999
Retail	Batavia, NY	—	515	2,061	—	515	2,061	2,576	1,333	1998	1999
Retail	Champaign, IL	—	791	3,165	1,024	791	4,189	4,980	2,336	1985	1999
Retail	El Paso, TX	8,788	2,821	11,123	2,813	2,821	13,936	16,757	9,237	1974	2000
Retail	Somerville, MA	—	510	1,993	24	510	2,017	2,527	1,102	1993	2003
Retail	Hyannis, MA	—	802	2,324	—	802	2,324	3,126	985	1998	2008
Retail	Marston Mills, MA	—	461	2,313	—	461	2,313	2,774	976	1998	2008
Retail	Everett, MA	—	1,935	—	—	1,935	—	1,935	—	N/A	2008
Retail	Royersford, PA	21,759	19,538	3,150	524	19,538	3,674	23,212	1,445	2001	2010
Retail	Monroeville, PA	—	450	863	57	450	920	1,370	322	1994	2010
Retail	Bolingbrook, IL	—	834	1,887	101	834	1,988	2,822	761	2001	2011
Retail	Crystal Lake, IL	—	615	1,899	535	615	2,434	3,049	869	1997	2011
Retail	Greensboro, NC	—	1,046	1,552	168	1,046	1,720	2,766	493	2002	2014
Retail	Highlands Ranch, CO	—	2,361	2,924	296	2,361	3,220	5,581	1,043	1995	2014
Retail	Cuyahoga Falls, OH	870	71	1,371	34	71	1,405	1,476	308	2004	2016
Retail	Port Clinton, OH	746	52	1,187	33	52	1,220	1,272	274	2005	2016
Retail	South Euclid, OH	845	230	1,566	53	230	1,619	1,849	393	1975	2016
Retail	St Louis Park, MN	—	3,388	13,088	152	3,388	13,240	16,628	2,978	1962	2016
Retail	Deptford, NJ	2,186	572	1,779	705	572	2,484	3,056	1,227	1981	2012
Retail	Littleton, CO	5,835	5,385	10,480	2,088	5,385	12,568	17,953	3,596	1985	2015

· · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·
· · · · · · · · · · · · · Cost Capitalized · · Gross Amount at Which Carried · · · · · · ·
· · · · · · · Initial Cost to Company · · Subsequent to · · at December 31, 2024 · · · · · · ·
· · · · · · · · · · Building and · · Acquisition · · · · · Building & · · · · · Accumulated · · Date of · · Date
Type · Location · Encumbrances · Land · Improvements · Improvements · Land · Improvements · Total · Depreciation (1) · Construction · Acquired
Retail-Furniture	Lexington, KY	$—	$800	$3,532	$305	$800	$3,837	$4,637	$1,703	1999	2006
Retail-Furniture	Bluffton, SC	—	589	2,600	229	589	2,829	3,418	1,240	1994	2006
Retail-Furniture	Amarillo, TX	—	860	3,810	478	860	4,288	5,148	1,800	1996	2006
Retail-Furniture	Austin, TX	—	1,587	7,010	513	1,587	7,523	9,110	3,345	2001	2006
Retail-Furniture	Tyler, TX	—	1,031	4,554	27	1,031	4,581	5,612	2,130	2001	2006
Retail-Furniture	Newport News, VA	—	751	3,316	254	751	3,570	4,321	1,579	1995	2006
Retail-Furniture	Richmond, VA	—	867	3,829	224	867	4,053	4,920	1,820	1979	2006
Retail-Furniture	Gurnee, IL	—	834	3,635	—	834	3,635	4,469	1,662	1994	2006
Retail-Furniture	Naples, FL	—	3,070	2,846	302	3,070	3,148	6,218	1,292	1992	2008
Retail-Office Supply	Lake Charles, LA (2)	—	1,167	3,887	2,905	1,167	6,792	7,959	3,394	1998	2002
Retail-Office Supply	Chicago, IL (2)	2,949	3,877	2,256	—	3,877	2,256	6,133	919	1994	2008
Retail-Office Supply	Cary, NC (2)	2,488	1,129	3,736	—	1,129	3,736	4,865	1,522	1995	2008
Retail-Office Supply	Eugene, OR (2)	2,222	1,952	2,096	—	1,952	2,096	4,048	854	1994	2008
Retail-Office Supply	El Paso, TX (2)	1,942	1,035	2,700	—	1,035	2,700	3,735	1,100	1993	2008
Theater	Greensboro, NC	—	—	8,328	3,000	—	11,328	11,328	9,496	1999	2004
Theater	Indianapolis, IN	—	3,099	5,225	19	3,099	5,244	8,343	1,434	1997	2014
		$424,978	$162,233	$640,496	$58,023	$165,708	$695,044	$860,752	$188,447

Note 1—Depreciation is provided over the estimated useful lives of the buildings and improvements, which range fromtwo 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,
	2024		2023		2022
Investment in real estate:
Balance, beginning of year		$864,655		$879,596		$837,641
Addition: Land, buildings and improvements		50,112		18,176		59,654
Deduction: Properties sold		(52,474)		(33,117)		(17,699)
Deduction: Property Impairment		(1,541)		—		—
Balance, end of year		$860,752		$864,655		$879,596
		(1)
Accumulated depreciation:
Balance, beginning of year		$182,705		$173,143		$160,664
Addition: Depreciation		19,515		19,242		18,471
Deduction: Accumulated depreciation related to properties sold		(13,318)		(9,680)		(5,992)
Deduction: Property Impairment		(455)		—		—
Balance, end of year		$188,447		$182,705		$173,143

(1)	At December 31, 2024, the aggregate cost for federal income tax purposes is approximately $17,774 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.