2011 Q3 Form 10-Q Financial Statement
#000110465911061896 Filed on November 08, 2011
Income Statement
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
Revenue | $10.30M | $10.44M | $10.47M |
YoY Change | -1.62% | 7.63% | 10.75% |
Cost Of Revenue | $690.0K | $780.0K | $400.0K |
YoY Change | 72.5% | 310.53% | 135.29% |
Gross Profit | $8.690M | $9.660M | $10.07M |
YoY Change | -13.7% | 1.58% | 8.51% |
Gross Profit Margin | 84.4% | 92.53% | 96.22% |
Selling, General & Admin | $1.740M | $1.610M | $1.620M |
YoY Change | 7.41% | -3.01% | -5.81% |
% of Gross Profit | 20.02% | 16.67% | 16.09% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $2.430M | $2.160M | $2.210M |
YoY Change | 9.95% | -0.92% | 0.45% |
% of Gross Profit | 27.96% | 22.36% | 21.95% |
Operating Expenses | $5.056M | $3.950M | $4.397M |
YoY Change | 14.99% | 5.05% | 15.1% |
Operating Profit | $3.634M | $5.710M | $6.069M |
YoY Change | -40.12% | -0.7% | 11.15% |
Interest Expense | $3.150M | -$4.020M | $3.658M |
YoY Change | -13.89% | 21.82% | -207.59% |
% of Operating Profit | 86.68% | -70.4% | 60.27% |
Other Income/Expense, Net | $10.00K | $40.00K | $40.00K |
YoY Change | -75.0% | -42.86% | -55.56% |
Pretax Income | $2.330M | $1.460M | $2.390M |
YoY Change | -2.51% | -57.18% | 11.16% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | 0.0% | 0.0% |
Net Earnings | $2.765M | $1.640M | $2.850M |
YoY Change | -2.98% | -82.0% | -17.15% |
Net Earnings / Revenue | 26.86% | 15.71% | 27.23% |
Basic Earnings Per Share | $0.19 | ||
Diluted Earnings Per Share | $0.19 | $141.0K | $254.5K |
COMMON SHARES | |||
Basic Shares Outstanding | 14.14M shares | 11.16M shares | |
Diluted Shares Outstanding | 14.14M shares | 11.20M shares |
Balance Sheet
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $8.400M | $7.700M | $7.800M |
YoY Change | 7.69% | -72.5% | -26.42% |
Cash & Equivalents | $8.430M | $7.732M | $7.800M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $12.20M | $11.10M | $11.80M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $20.60M | $18.80M | $19.60M |
YoY Change | 5.1% | -51.3% | -5.77% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $409.0M | $391.8M | $376.7M |
YoY Change | 8.57% | 14.58% | 8.37% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $5.700M | $5.500M | $5.600M |
YoY Change | 1.79% | -57.03% | -63.4% |
Other Assets | $5.100M | $6.900M | $7.400M |
YoY Change | -31.08% | 60.47% | 23.33% |
Total Long-Term Assets | $431.3M | $425.8M | $397.3M |
YoY Change | 8.56% | 15.06% | -0.7% |
TOTAL ASSETS | |||
Total Short-Term Assets | $20.60M | $18.80M | $19.60M |
Total Long-Term Assets | $431.3M | $425.8M | $397.3M |
Total Assets | $451.9M | $444.6M | $416.9M |
YoY Change | 8.4% | 8.79% | -0.95% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $5.400M | $5.100M | $4.600M |
YoY Change | 17.39% | 34.21% | 12.2% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $20.00M | $36.20M | $27.80M |
YoY Change | -28.06% | 34.07% | 2.96% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $30.20M | $45.10M | $35.80M |
YoY Change | -15.64% | 35.44% | 14.38% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $197.8M | $215.3M | $196.2M |
YoY Change | 0.82% | 13.02% | -7.19% |
Other Long-Term Liabilities | $5.300M | $5.000M | $4.900M |
YoY Change | 8.16% | 4.17% | 0.0% |
Total Long-Term Liabilities | $203.1M | $220.3M | $201.1M |
YoY Change | 0.99% | 12.8% | -7.03% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $30.20M | $45.10M | $35.80M |
Total Long-Term Liabilities | $203.1M | $220.3M | $201.1M |
Total Liabilities | $233.2M | $265.4M | $236.9M |
YoY Change | -1.55% | 16.12% | -4.32% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $20.97M | ||
YoY Change | |||
Common Stock | $158.4M | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $218.7M | $179.2M | $180.0M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $451.9M | $444.6M | $416.9M |
YoY Change | 8.4% | 8.79% | -0.95% |
Cashflow Statement
Concept | 2011 Q3 | 2010 Q4 | 2010 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $2.765M | $1.640M | $2.850M |
YoY Change | -2.98% | -82.0% | -17.15% |
Depreciation, Depletion And Amortization | $2.430M | $2.160M | $2.210M |
YoY Change | 9.95% | -0.92% | 0.45% |
Cash From Operating Activities | $6.150M | $5.950M | $4.110M |
YoY Change | 49.64% | 25.53% | -22.89% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$20.28M | -$14.79M | -$8.020M |
YoY Change | 152.87% | 16333.33% | 13266.67% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $30.00K | -$240.0K | $5.270M |
YoY Change | -99.43% | -100.97% | -177.5% |
Cash From Investing Activities | -$20.24M | -$15.02M | -$2.760M |
YoY Change | 633.33% | -160.83% | -59.77% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 11.08M | 9.010M | -12.03M |
YoY Change | -192.1% | -174.9% | 98.84% |
NET CHANGE | |||
Cash From Operating Activities | 6.150M | 5.950M | 4.110M |
Cash From Investing Activities | -20.24M | -15.02M | -2.760M |
Cash From Financing Activities | 11.08M | 9.010M | -12.03M |
Net Change In Cash | -3.010M | -60.00K | -10.68M |
YoY Change | -71.82% | -100.34% | 40.9% |
FREE CASH FLOW | |||
Cash From Operating Activities | $6.150M | $5.950M | $4.110M |
Capital Expenditures | -$20.28M | -$14.79M | -$8.020M |
Free Cash Flow | $26.43M | $20.74M | $12.13M |
YoY Change | 117.89% | 329.4% | 125.05% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
olp |
Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
|
4090000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
6345000 | USD | |
olp |
Prepaid Leasehold Improvments
PrepaidLeaseholdImprovments
|
1750000 | USD | |
olp |
Distributions Of Capital From Unconsolidated Joint Ventures
DistributionsOfCapitalFromUnconsolidatedJointVentures
|
953000 | USD | |
us-gaap |
Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
150000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
4137000 | USD | |
olp |
Noncash Allocation Of Intangible Lease Assets
NoncashAllocationOfIntangibleLeaseAssets
|
1078000 | USD | |
CY2011Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2010Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
11212000 | shares |
CY2010Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
11212000 | shares |
CY2010Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
25000000 | shares |
CY2010Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2010Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2010Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
12500000 | shares |
CY2010Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2010Q4 | olp |
Assets Related To Property Held For Sale
AssetsRelatedToPropertyHeldForSale
|
808000 | USD |
CY2011Q3 | us-gaap |
Liabilities
Liabilities
|
233226000 | USD |
CY2011Q3 | us-gaap |
Assets
Assets
|
451902000 | USD |
CY2011Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
218676000 | USD |
us-gaap |
Loans Assumed1
LoansAssumed1
|
17654000 | USD | |
us-gaap |
Dividends Common Stock Paidinkind
DividendsCommonStockPaidinkind
|
2209000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
10654000 | USD | |
CY2010Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
444623000 | USD |
CY2010Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
179183000 | USD |
CY2010Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
20969000 | USD |
CY2010Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-156000 | USD |
CY2010Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
147158000 | USD |
CY2010Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
11212000 | USD |
CY2010Q4 | us-gaap |
Liabilities
Liabilities
|
265440000 | USD |
CY2010Q4 | us-gaap |
Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
|
4982000 | USD |
CY2010Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
5144000 | USD |
CY2010Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
3806000 | USD |
CY2010Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
36200000 | USD |
CY2010Q4 | us-gaap |
Secured Debt
SecuredDebt
|
215308000 | USD |
CY2010Q4 | us-gaap |
Assets
Assets
|
444623000 | USD |
CY2010Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
2265000 | USD |
CY2010Q4 | olp |
Investment In Related Party
InvestmentInRelatedParty
|
266000 | USD |
CY2010Q4 | olp |
Escrow Deposits And Other Assets And Receivables
EscrowDepositsAndOtherAssetsAndReceivables
|
4684000 | USD |
CY2010Q4 | olp |
Unamortized Intangible Lease Assets
UnamortizedIntangibleLeaseAssets
|
10887000 | USD |
CY2010Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
11149000 | USD |
CY2010Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
422000 | USD |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7732000 | USD |
CY2010Q4 | us-gaap |
Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
|
4777000 | USD |
CY2010Q4 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
10678000 | USD |
CY2010Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
391763000 | USD |
CY2010Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
54137000 | USD |
CY2010Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
445900000 | USD |
CY2010Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
319203000 | USD |
CY2010Q4 | us-gaap |
Land
Land
|
126697000 | USD |
CY2011Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
14146000 | shares |
CY2011Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
14146000 | shares |
CY2011Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
25000000 | shares |
CY2011Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2011Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2011Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
12500000 | shares |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1341000 | USD | |
us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
1716000 | USD | |
CY2010Q3 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
447000 | USD |
CY2011Q3 | us-gaap |
Costs And Expenses Related Party
CostsAndExpensesRelatedParty
|
572000 | USD |
CY2010Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11197000 | shares |
CY2010Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11160000 | shares |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
698000 | USD | |
olp |
Noncash Allocation Of Intangible Lease Liability
NoncashAllocationOfIntangibleLeaseLiability
|
357000 | USD | |
CY2010Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7800000 | USD |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
28036000 | USD |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-20236000 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
104000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
7119000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1022000 | USD | |
olp |
Issuance Of Shares Through Dividend Reinvestment Plan
IssuanceOfSharesThroughDividendReinvestmentPlan
|
426000 | USD | |
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
15500000 | USD | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
16300000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
3000000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
10687000 | USD | |
CY2010Q3 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
160000 | USD |
us-gaap |
Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
23964000 | USD | |
us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
397000 | USD | |
us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
1198000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
452000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6497000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
530000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
354000 | USD | |
us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
107000 | USD | |
olp |
Amortization Of Restricted Stock Expense
AmortizationOfRestrictedStockExpense
|
673000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
17000 | USD | |
us-gaap |
Allowance For Loan And Lease Losses Provision For Loss Net
AllowanceForLoanAndLeaseLossesProvisionForLossNet
|
-93000 | USD | |
us-gaap |
Increase Decrease In Deferred Rent Receivables
IncreaseDecreaseInDeferredRentReceivables
|
1292000 | USD | |
us-gaap |
Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
|
149000 | USD | |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
235000 | USD | |
CY2011Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8430000 | USD |
CY2010Q3 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
235000 | USD |
CY2010Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
219000 | USD |
CY2010Q3 | us-gaap |
Interest Expense
InterestExpense
|
3658000 | USD |
CY2010Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
40000 | USD |
CY2010Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
101000 | USD |
CY2010Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6069000 | USD |
CY2010Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
4397000 | USD |
CY2010Q3 | olp |
Leasehold Rent
LeaseholdRent
|
77000 | USD |
CY2010Q3 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
396000 | USD |
CY2010Q3 | olp |
Costs Of Acquiring Real Estate
CostsOfAcquiringRealEstate
|
224000 | USD |
CY2010Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1545000 | USD |
CY2010Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2155000 | USD |
CY2010Q3 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
10466000 | USD |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11140000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11108000 | shares | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
705000 | USD | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
452000 | USD | |
olp |
Leasehold Rent
LeaseholdRent
|
231000 | USD | |
CY2011Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
5056000 | USD |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
265000 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Note 1 - <u>Organization and Background</u></font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">One Liberty Properties, Inc. (“OLP”) was incorporated in 1982 in Maryland. OLP is a self-administered and self-managed real estate investment trust (“REIT”). OLP acquires, owns and manages a geographically diversified portfolio of retail (including furniture and office supply stores), industrial, office, flex, health and fitness and other properties, a substantial portion of which are under long-term net leases. As of September 30, 2011, OLP owned 88 properties, two of which are vacant and one of which is a 50% tenancy in common interest. OLP’s joint ventures owned a total of five properties. The 93 properties are located in 29 states.</font></p></td></tr></table> | ||
CY2011Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
14561778 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2011-09-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000712770 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
ONE LIBERTY PROPERTIES INC | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2011 | ||
us-gaap |
Interest Expense
InterestExpense
|
10639000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
17090000 | USD | |
us-gaap |
Operating Expenses
OperatingExpenses
|
13456000 | USD | |
us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
1362000 | USD | |
olp |
Costs Of Acquiring Real Estate
CostsOfAcquiringRealEstate
|
738000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4811000 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
6314000 | USD | |
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
30546000 | USD | |
CY2010 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-287000 | USD |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
282000 | USD | |
CY2010 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.23 | |
CY2010 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-60000 | USD |
CY2010 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
915000 | USD |
CY2010 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
1200000 | USD |
CY2010 | olp |
Stock Dividend Obligation
StockDividendObligation
|
2104000 | USD |
CY2010 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
14123000 | USD |
olp |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Related To Joint Venture Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesRelatedToJointVentureArisingDuringPeriodNetOfTax
|
-177000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-724000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-108000 | USD | |
us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
770000 | USD | |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
2807000 | USD | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
40569000 | USD | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
14283000 | USD | |
olp |
Compensation And Service Agreement Textblock
CompensationAndServiceAgreementTextblock
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Note 10 - <u>Compensation and Services Agreement</u></font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">On September 13, 2011, the independent members of the Company’s Board of Directors authorized a $500,000 increase (effective January 1, 2011) from $2,400,000 to $2,900,000 in the compensation and services agreement with Majestic Property Management Corp. In June 2011, a compensation consultant was engaged to prepare a “Compensation and Total Costs Analysis” report. The results of this report were utilized to evaluate the $500,000 increase.</font></p></td></tr></table> |