2014 Q4 Form 10-Q Financial Statement

#000110465914077771 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $15.22M $15.19M $14.17M
YoY Change 7.44% 17.09% 25.17%
Cost Of Revenue $1.660M $1.090M $880.0K
YoY Change 88.64% 29.76% -12.0%
Gross Profit $13.56M $14.10M $13.29M
YoY Change 2.03% 16.24% 38.44%
Gross Profit Margin 89.09% 92.84% 93.82%
Selling, General & Admin $2.380M $2.230M $2.040M
YoY Change 16.67% 10.4% 5.7%
% of Gross Profit 17.55% 15.82% 15.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.670M $3.690M $3.630M
YoY Change 1.1% 22.19% 53.16%
% of Gross Profit 27.06% 26.17% 27.31%
Operating Expenses $6.050M $8.182M $5.650M
YoY Change 7.08% 28.12% 30.79%
Operating Profit $7.510M $7.005M $7.640M
YoY Change -1.7% 6.39% 44.7%
Interest Expense -$4.250M $4.227M -$4.140M
YoY Change 2.66% 24.0% 57.41%
% of Operating Profit -56.59% 60.34% -54.19%
Other Income/Expense, Net -$1.570M $10.00K $10.00K
YoY Change -15800.0% 0.0% 0.0%
Pretax Income $11.60M $2.650M $3.410M
YoY Change 240.18% -13.96% 62.38%
Income Tax
% Of Pretax Income
Net Earnings $11.58M $2.620M $3.478M
YoY Change 232.95% -18.41% -29.5%
Net Earnings / Revenue 76.08% 17.25% 24.55%
Basic Earnings Per Share $0.16 $0.22
Diluted Earnings Per Share $731.5K $0.16 $0.22
COMMON SHARES
Basic Shares Outstanding 16.21M shares 15.65M shares 15.18M shares
Diluted Shares Outstanding 15.75M shares 15.28M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.30M $14.30M $16.60M
YoY Change 22.29% -24.34% 13.7%
Cash & Equivalents $20.30M $14.26M $16.63M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $12.80M $12.40M $13.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $33.10M $26.70M $30.30M
YoY Change 9.24% -17.34% 11.4%
LONG-TERM ASSETS
Property, Plant & Equipment $504.9M $495.2M $496.2M
YoY Change 1.75% -0.64% 22.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.900M $4.900M $5.200M
YoY Change -5.77% -7.55% -73.6%
Other Assets $20.10M $38.60M $14.10M
YoY Change 42.55% 365.06% 11.9%
Total Long-Term Assets $557.3M $564.0M $541.6M
YoY Change 2.9% 4.97% 19.3%
TOTAL ASSETS
Total Short-Term Assets $33.10M $26.70M $30.30M
Total Long-Term Assets $557.3M $564.0M $541.6M
Total Assets $590.4M $590.7M $571.9M
YoY Change 3.24% 3.71% 18.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $12.50M $10.60M $7.800M
YoY Change 60.26% 23.26% 18.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.80M $16.60M $13.60M
YoY Change 38.24% 18.57% 14.29%
LONG-TERM LIABILITIES
Long-Term Debt $305.3M $315.0M $301.3M
YoY Change 1.33% 4.9% 33.32%
Other Long-Term Liabilities $10.50M $9.200M $6.900M
YoY Change 52.17% 43.75% 30.19%
Total Long-Term Liabilities $315.8M $324.2M $308.2M
YoY Change 2.47% 5.71% 33.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.80M $16.60M $13.60M
Total Long-Term Liabilities $315.8M $324.2M $308.2M
Total Liabilities $336.2M $340.8M $321.8M
YoY Change 4.47% 6.26% 32.37%
SHAREHOLDERS EQUITY
Retained Earnings $16.61M $23.88M
YoY Change -36.6% -14.73%
Common Stock $234.1M $225.5M
YoY Change 5.05% 7.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $254.3M $248.6M $248.9M
YoY Change
Total Liabilities & Shareholders Equity $590.4M $590.7M $571.9M
YoY Change 3.24% 3.71% 18.86%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income $11.58M $2.620M $3.478M
YoY Change 232.95% -18.41% -29.5%
Depreciation, Depletion And Amortization $3.670M $3.690M $3.630M
YoY Change 1.1% 22.19% 53.16%
Cash From Operating Activities $8.400M $6.860M $7.330M
YoY Change 14.6% 8.2% 7.95%
INVESTING ACTIVITIES
Capital Expenditures -$23.99M -$70.00K -$7.460M
YoY Change 221.58% -99.93% -76.72%
Acquisitions
YoY Change
Other Investing Activities $38.61M $10.00K $100.0K
YoY Change 38510.0% -93.33% -99.11%
Cash From Investing Activities $14.63M -$70.00K -$7.360M
YoY Change -298.78% -99.93% -64.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.95M -10.86M -2.240M
YoY Change 656.7% -116.06% -117.11%
NET CHANGE
Cash From Operating Activities 8.400M 6.860M 7.330M
Cash From Investing Activities 14.63M -70.00K -7.360M
Cash From Financing Activities -16.95M -10.86M -2.240M
Net Change In Cash 6.080M -4.070M -2.270M
YoY Change -367.84% -81.53% 160.92%
FREE CASH FLOW
Cash From Operating Activities $8.400M $6.860M $7.330M
Capital Expenditures -$23.99M -$70.00K -$7.460M
Free Cash Flow $32.39M $6.930M $14.79M
YoY Change 119.0% -93.24% -61.91%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
7790000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
134000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
6000 USD
us-gaap Straight Line Rent
StraightLineRent
751000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
3409000 USD
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Amendment Flag
AmendmentFlag
false
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Note 1 - <u>Organization and Background</u></font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">One Liberty Properties,&#160;Inc. (&#8220;OLP&#8221;) was incorporated in 1982 in Maryland.&#160; OLP is a self-administered and self-managed real estate investment trust (&#8220;REIT&#8221;).&#160; OLP acquires, owns and manages a geographically diversified portfolio of retail (including furniture stores, restaurants, office supply stores and supermarkets), industrial, flex, office, health and fitness and other properties, a substantial portion of which are subject to long-term net leases.&#160; As of September&#160;30, 2014, OLP owned 113 properties, including six properties owned by consolidated joint ventures and five properties owned by unconsolidated joint ventures. The 113 properties are located in 30 states.</font></p> </div>
dei Entity Registrant Name
EntityRegistrantName
ONE LIBERTY PROPERTIES INC
dei Entity Central Index Key
EntityCentralIndexKey
0000712770
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
16209356 shares
dei Document Type
DocumentType
10-Q
CY2014Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
113 property
CY2014Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
30 item
CY2014Q1 olp Number Of Properties As Transferred Assets And Liabilities Which Sold To Be Reclassified As Properties Held For Sale
NumberOfPropertiesAsTransferredAssetsAndLiabilitiesWhichSoldToBeReclassifiedAsPropertiesHeldForSale
2 item
olp Number Of Unconsolidated Joint Ventures
NumberOfUnconsolidatedJointVentures
5 item
CY2013 olp Number Of Unconsolidated Joint Ventures
NumberOfUnconsolidatedJointVentures
5 item
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
CY2014Q3 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
200000 shares
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
200000 shares
CY2013Q3 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
200000 shares
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
200000 shares
CY2014Q3 olp Incremental Common Shares Not Included In Computation Of Earning Per Share
IncrementalCommonSharesNotIncludedInComputationOfEarningPerShare
100000 shares
olp Incremental Common Shares Not Included In Computation Of Earning Per Share
IncrementalCommonSharesNotIncludedInComputationOfEarningPerShare
100000 shares
CY2013Q3 olp Incremental Common Shares Not Included In Computation Of Earning Per Share
IncrementalCommonSharesNotIncludedInComputationOfEarningPerShare
100000 shares
olp Incremental Common Shares Not Included In Computation Of Earning Per Share
IncrementalCommonSharesNotIncludedInComputationOfEarningPerShare
100000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2647000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
10596000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3084000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
14004000 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
27000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
76000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
2620000 USD
us-gaap Net Income Loss
NetIncomeLoss
10533000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
3211000 USD
us-gaap Net Income Loss
NetIncomeLoss
14397000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
32864000 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
32000 USD
CY2014Q3 olp Net Income Loss From Continuing Operations Available To Common Stockholders
NetIncomeLossFromContinuingOperationsAvailableToCommonStockholders
2442000 USD
olp Net Income Loss From Continuing Operations Available To Common Stockholders
NetIncomeLossFromContinuingOperationsAvailableToCommonStockholders
9986000 USD
CY2013Q3 olp Net Income Loss From Continuing Operations Available To Common Stockholders
NetIncomeLossFromContinuingOperationsAvailableToCommonStockholders
2902000 USD
olp Net Income Loss From Continuing Operations Available To Common Stockholders
NetIncomeLossFromContinuingOperationsAvailableToCommonStockholders
13478000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
13000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
144000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2442000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9999000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3046000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13903000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2442000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
9999000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3046000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13903000 USD
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15650000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15508000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15093000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14871000 shares
CY2014Q3 olp Weighted Average Number Of Shares Outstanding Including Unvested Restricted Stock Shares Basic
WeightedAverageNumberOfSharesOutstandingIncludingUnvestedRestrictedStockSharesBasic
15650000 shares
olp Weighted Average Number Of Shares Outstanding Including Unvested Restricted Stock Shares Basic
WeightedAverageNumberOfSharesOutstandingIncludingUnvestedRestrictedStockSharesBasic
15508000 shares
CY2014Q3 olp Weighted Average Number Of Diluted Shares Including Unvested Restricted Stock Shares Outstanding
WeightedAverageNumberOfDilutedSharesIncludingUnvestedRestrictedStockSharesOutstanding
15750000 shares
olp Weighted Average Number Of Diluted Shares Including Unvested Restricted Stock Shares Outstanding
WeightedAverageNumberOfDilutedSharesIncludingUnvestedRestrictedStockSharesOutstanding
15608000 shares
CY2013Q3 olp Weighted Average Number Of Diluted Shares Including Unvested Restricted Stock Shares Outstanding
WeightedAverageNumberOfDilutedSharesIncludingUnvestedRestrictedStockSharesOutstanding
15193000 shares
olp Weighted Average Number Of Diluted Shares Including Unvested Restricted Stock Shares Outstanding
WeightedAverageNumberOfDilutedSharesIncludingUnvestedRestrictedStockSharesOutstanding
14971000 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2014Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2620000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10520000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3067000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
13972000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
13000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
144000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
425000 USD
olp Costs Of Acquiring Real Estate
CostsOfAcquiringRealEstate
211000 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
15845000 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
17161000 USD
CY2014Q3 olp Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsImprovements
1012000 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
1999000 USD
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1845000 USD
CY2014Q3 olp Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiability
2844000 USD
CY2014Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
33173000 USD
us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
122000 USD
CY2014Q2 olp Lease Termination Fee Gross
LeaseTerminationFeeGross
1269000 USD
CY2014Q2 olp Writeoff Of Unbilled Rent Receivable And Intangible Lease Asset
WriteoffOfUnbilledRentReceivableAndIntangibleLeaseAsset
150000 USD
CY2014Q3 olp Number Of Properties Owned And Operated By Each Unconsolidated Joint Venture
NumberOfPropertiesOwnedAndOperatedByEachUnconsolidatedJointVenture
1 item
CY2013Q4 olp Number Of Properties Owned And Operated By Each Unconsolidated Joint Venture
NumberOfPropertiesOwnedAndOperatedByEachUnconsolidatedJointVenture
1 item
CY2014Q3 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
4874000 USD
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
448000 USD
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
366000 USD
us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
108000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
17000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
1000 USD
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
64000 USD
us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
111000 USD
us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
196000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1368000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1132000 USD
CY2013Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
4906000 USD
olp Gain Loss On Disposition Of Real Estate In Unconsolidated Joint Venture
GainLossOnDispositionOfRealEstateInUnconsolidatedJointVenture
2807000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
397000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
513000 USD
CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
134000 USD
CY2013Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
122000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2014Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
5177000 USD
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
244000 USD
us-gaap Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
141000 USD
us-gaap Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
730000 USD
CY2013Q3 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
36000 USD
CY2013Q3 olp Disposal Group Including Discontinued Operation Costs And Expenses
DisposalGroupIncludingDiscontinuedOperationCostsAndExpenses
100000 USD
olp Disposal Group Including Discontinued Operation Costs And Expenses
DisposalGroupIncludingDiscontinuedOperationCostsAndExpenses
128000 USD
olp Disposal Group Including Discontinued Operation Costs And Expenses
DisposalGroupIncludingDiscontinuedOperationCostsAndExpenses
305000 USD
CY2014Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
178000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
534000 USD
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
CY2014Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5976000 USD
CY2014Q1 olp Maximum Aggregate Sales Price Of Shares To Be Sold Under Equity Offering Program
MaximumAggregateSalesPriceOfSharesToBeSoldUnderEquityOfferingProgram
38360000 USD
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
179051 shares
olp Stock Issued During Period Value New Issues Net Proceed Before Offering Costs
StockIssuedDuringPeriodValueNewIssuesNetProceedBeforeOfferingCosts
3889700 USD
olp Payment Of Commissions On Sale Of Shares
PaymentOfCommissionsOnSaleOfShares
39000 USD
olp Payment Of Offering Costs On Sale Of Shares
PaymentOfOfferingCostsOnSaleOfShares
114500 USD
CY2013Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
165000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
494000 USD
CY2014Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5293000 USD
olp Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Award Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageAwardVestingPeriod
P2Y7M6D
CY2014Q3 us-gaap Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
5300 USD
CY2014Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
18900 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
266000 USD
olp Number Of Derivative Agreements In Which Parent Company Could Be Liable In Event Of Subsidiary Default
NumberOfDerivativeAgreementsInWhichParentCompanyCouldBeLiableInEventOfSubsidiaryDefault
1 item
CY2013Q4 us-gaap Minority Interest
MinorityInterest
1158000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
567358000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
71171000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><u><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Reclassifications</font></u></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Certain amounts previously reported in the consolidated financial statements have been reclassified in the accompanying consolidated financial statements to conform to the current period&#8217;s presentation, primarily to break out tenant reimbursements that had been included in rental income, net, for all periods presented. In addition, the operations of two properties that were sold in February&#160;2014 were reclassified to discontinued operations for the three and nine months ended September&#160;30, 2013.</font></p> </div>
CY2013Q4 us-gaap Land
Land
153529000 USD
CY2013Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
413829000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
496187000 USD
CY2013Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
5177000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16631000 USD
CY2013Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
13743000 USD
CY2013Q4 olp Unamortized Intangible Lease Assets
UnamortizedIntangibleLeaseAssets
26035000 USD
CY2013Q4 olp Escrow Deposits And Other Assets And Receivables
EscrowDepositsAndOtherAssetsAndReceivables
5690000 USD
CY2013Q4 olp Investment In Related Party
InvestmentInRelatedParty
262000 USD
CY2013Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3267000 USD
CY2013Q4 us-gaap Assets
Assets
571898000 USD
CY2014Q3 us-gaap Assets
Assets
590737000 USD
CY2014Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
569817000 USD
CY2014Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
495162000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
278045000 USD
CY2013Q4 us-gaap Line Of Credit
LineOfCredit
23250000 USD
CY2014Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
12442000 USD
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5806000 USD
CY2013Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
6917000 USD
CY2014Q3 olp Federal Excise And State Tax Paid And Or Accrued
FederalExciseAndStateTaxPaidAndOrAccrued
6000 USD
CY2013Q3 olp Leasehold Rent
LeaseholdRent
77000 USD
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
olp Leasehold Rent
LeaseholdRent
231000 USD
olp Leasehold Rent
LeaseholdRent
231000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
321808000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
15221000 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
210324000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-490000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
23877000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
248932000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
571898000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
248624000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
249948000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
590737000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
340789000 USD
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
12500000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
12500000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15669000 shares
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15669000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15221000 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15221000 shares
CY2013Q3 olp Rental Income Net
RentalIncomeNet
12487000 USD
olp Rental Income Net
RentalIncomeNet
35588000 USD
olp Lease Termination Fee Net
LeaseTerminationFeeNet
1269000 USD
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
12970000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
36813000 USD
CY2013Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2983000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
8298000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1938000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5841000 USD
CY2013Q3 olp Federal Excise And State Tax Paid And Or Accrued
FederalExciseAndStateTaxPaidAndOrAccrued
-7000 USD
olp Federal Excise And State Tax Paid And Or Accrued
FederalExciseAndStateTaxPaidAndOrAccrued
218000 USD
CY2013Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
851000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
2375000 USD
CY2014Q3 olp Leasehold Rent
LeaseholdRent
77000 USD
CY2014Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
9170000 USD
CY2013Q3 olp Costs Of Acquiring Real Estate
CostsOfAcquiringRealEstate
544000 USD
olp Costs Of Acquiring Real Estate
CostsOfAcquiringRealEstate
821000 USD
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
6386000 USD
us-gaap Operating Expenses
OperatingExpenses
17784000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6584000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
19029000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
1898000 USD
olp Available For Sale Securities Gross Realized Gain Loss Net To Related Party
AvailableForSaleSecuritiesGrossRealizedGainLossNetToRelatedParty
134000 USD
CY2013Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
89000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
7000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
306000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17796000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
199000 USD
us-gaap Profit Loss
ProfitLoss
10609000 USD
us-gaap Interest Expense
InterestExpense
9670000 USD
CY2013Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
223000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
662000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
3228000 USD
us-gaap Profit Loss
ProfitLoss
14429000 USD
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15193000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14971000 shares
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.19
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.90
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.19
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.90
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.03
CY2014Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.37
CY2013Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.35
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.11
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.05
CY2014Q3 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
387000 USD
CY2013Q3 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
572000 USD
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
1606000 USD
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
1716000 USD
CY2014Q3 olp Real Estate Costs And Expenses Related Party
RealEstateCostsAndExpensesRelatedParty
213000 USD
CY2013Q3 olp Real Estate Costs And Expenses Related Party
RealEstateCostsAndExpensesRelatedParty
150000 USD
olp Real Estate Costs And Expenses Related Party
RealEstateCostsAndExpensesRelatedParty
638000 USD
olp Real Estate Costs And Expenses Related Party
RealEstateCostsAndExpensesRelatedParty
450000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
52000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-688000 USD
us-gaap Operating Expenses
OperatingExpenses
22253000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
220000 USD
CY2013Q3 olp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax The Company Share From Joint Venture
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTaxTheCompanyShareFromJointVenture
-1000 USD
olp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax The Company Share From Joint Venture
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTaxTheCompanyShareFromJointVenture
60000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-682000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
332000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2546000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
14761000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
17000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
32000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2529000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14729000 USD
CY2014Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
7000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
-17000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
238059000 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21999000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9165000 USD
CY2013 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
4235000 USD
CY2013 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
480000 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
298000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1440000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
17924000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1084000 USD
CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2041000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-99000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1132000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
16614000 USD
CY2014Q3 us-gaap Minority Interest
MinorityInterest
1324000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2616000 USD
CY2014Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
10641000 USD
CY2014Q3 us-gaap Common Stock Value
CommonStockValue
15669000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2372000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4326000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
968000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8406000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
662000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
1104000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
1111000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19408000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
101314000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
1680000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
5397000 USD
us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
13444000 USD
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
4859000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84134000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4708000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
19000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
60401000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7962000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
27000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
3500000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
3006000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
434000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
481000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
299000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15998000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
69052000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14577000 USD
us-gaap Interest Paid
InterestPaid
9738000 USD
olp Noncash Allocation Of Intangible Lease Assets
NoncashAllocationOfIntangibleLeaseAssets
1999000 USD
olp Noncash Allocation Of Intangible Lease Assets
NoncashAllocationOfIntangibleLeaseAssets
10333000 USD
olp Noncash Allocation Of Intangible Lease Liability
NoncashAllocationOfIntangibleLeaseLiability
2844000 USD
olp Noncash Allocation Of Intangible Lease Liability
NoncashAllocationOfIntangibleLeaseLiability
1544000 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18903000 USD
olp Restricted Cash For Tenant Improvements And Other Reserve
RestrictedCashForTenantImprovementsAndOtherReserve
1845000 USD
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14259000 USD
CY2014Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1368000 USD
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.42
CY2013Q3 olp Weighted Average Number Of Shares Outstanding Including Unvested Restricted Stock Shares Basic
WeightedAverageNumberOfSharesOutstandingIncludingUnvestedRestrictedStockSharesBasic
15093000 shares
olp Weighted Average Number Of Shares Outstanding Including Unvested Restricted Stock Shares Basic
WeightedAverageNumberOfSharesOutstandingIncludingUnvestedRestrictedStockSharesBasic
14871000 shares
CY2014Q3 us-gaap Land
Land
162976000 USD
CY2014Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
406841000 USD
CY2014Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
74655000 USD
CY2014Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
25589000 USD
CY2014Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
218382000 USD
CY2014Q3 olp Unamortized Intangible Lease Assets
UnamortizedIntangibleLeaseAssets
25372000 USD
CY2014Q3 olp Escrow Deposits And Other Assets And Receivables
EscrowDepositsAndOtherAssetsAndReceivables
5074000 USD
CY2014Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3284000 USD
CY2014Q3 us-gaap Secured Debt
SecuredDebt
293752000 USD
CY2014Q3 us-gaap Line Of Credit
LineOfCredit
21250000 USD
CY2014Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5976000 USD
CY2014Q3 olp Rental Income Net
RentalIncomeNet
14552000 USD
olp Rental Income Net
RentalIncomeNet
42308000 USD
CY2014Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
15187000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
45254000 USD
CY2014Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3685000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10985000 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2153000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6497000 USD
CY2014Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
1085000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
3061000 USD
olp Federal Excise And State Tax Paid And Or Accrued
FederalExciseAndStateTaxPaidAndOrAccrued
175000 USD
CY2014Q3 olp Costs Of Acquiring Real Estate
CostsOfAcquiringRealEstate
83000 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
8182000 USD
CY2014Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
7005000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
23001000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
20000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
4227000 USD
us-gaap Interest Expense
InterestExpense
12215000 USD
CY2014Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
275000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
741000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
2647000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15750000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15608000 shares
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.16
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.64
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.16
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.64
CY2014Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-126000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
120000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1465000 USD
CY2014Q3 olp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax The Company Share From Joint Venture
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTaxTheCompanyShareFromJointVenture
19000 USD
olp Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax The Company Share From Joint Venture
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTaxTheCompanyShareFromJointVenture
23000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
138000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1568000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2785000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
27000 USD
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2751000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8982000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
76000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9041000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3775000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
3363000 USD
us-gaap Straight Line Rent
StraightLineRent
1108000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-144000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1368000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
399000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10985000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
741000 USD
us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
165000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-535000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-383000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23399000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
33167000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
716000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
53000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28387000 USD
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
5675000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
25456000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
712000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
306000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
199000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
46839000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3775000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
27500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
29500000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
3363000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
1677000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
1225000 USD
CY2014Q1 olp Number Of Properties Sold
NumberOfPropertiesSold
2 item
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17625000 USD
us-gaap Interest Paid
InterestPaid
12382000 USD
CY2014Q3 olp Assets Related To Property Held For Sale
AssetsRelatedToPropertyHeldForSale
2836000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1093000 USD
CY2014Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1093000 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2014Q3 us-gaap Tenant Reimbursements
TenantReimbursements
635000 USD
CY2013Q3 us-gaap Tenant Reimbursements
TenantReimbursements
483000 USD

Files In Submission

Name View Source Status
0001104659-14-077771-index-headers.html Edgar Link pending
0001104659-14-077771-index.html Edgar Link pending
0001104659-14-077771.txt Edgar Link pending
0001104659-14-077771-xbrl.zip Edgar Link pending
a14-19775_110q.htm Edgar Link pending
a14-19775_1ex31d1.htm Edgar Link pending
a14-19775_1ex31d2.htm Edgar Link pending
a14-19775_1ex32d1.htm Edgar Link pending
a14-19775_1ex32d2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
olp-20140930.xml Edgar Link completed
olp-20140930.xsd Edgar Link pending
olp-20140930_cal.xml Edgar Link unprocessable
olp-20140930_def.xml Edgar Link unprocessable
olp-20140930_lab.xml Edgar Link unprocessable
olp-20140930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending