2020 Q2 Form 10-Q Financial Statement

#000110465920091813 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $20.86M $20.72M
YoY Change 0.69% 4.9%
Cost Of Revenue $3.240M $3.490M
YoY Change -7.16% 34.75%
Gross Profit $17.62M $17.23M
YoY Change 2.26% 0.41%
Gross Profit Margin 84.46% 83.16%
Selling, General & Admin $3.590M $3.140M
YoY Change 14.33% 0.64%
% of Gross Profit 20.37% 18.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.810M $5.440M
YoY Change 6.8% 3.62%
% of Gross Profit 32.97% 31.57%
Operating Expenses $12.63M $12.06M
YoY Change 4.72% 43.96%
Operating Profit $8.228M $9.754M
YoY Change -15.64% 11.09%
Interest Expense $4.947M $4.940M
YoY Change 0.14% -216.24%
% of Operating Profit 60.12% 50.65%
Other Income/Expense, Net -$770.0K $10.00K
YoY Change -7800.0% 0.0%
Pretax Income $2.290M $4.560M
YoY Change -49.78% 0.22%
Income Tax
% Of Pretax Income
Net Earnings $2.284M $4.112M
YoY Change -44.46% -8.97%
Net Earnings / Revenue 10.95% 19.85%
Basic Earnings Per Share $0.10 $0.20
Diluted Earnings Per Share $0.10 $0.20
COMMON SHARES
Basic Shares Outstanding 19.45M 19.02M
Diluted Shares Outstanding 19.51M 19.13M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.60M $17.40M
YoY Change 6.9% 34.88%
Cash & Equivalents $18.57M $17.38M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $16.00M $14.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $34.60M $31.80M
YoY Change 8.81% 15.64%
LONG-TERM ASSETS
Property, Plant & Equipment $706.7M $719.5M
YoY Change -1.78% 6.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.80M $10.70M
YoY Change 0.93% -4.46%
Other Assets $20.10M $9.600M
YoY Change 109.38% 11.63%
Total Long-Term Assets $765.0M $765.9M
YoY Change -0.12% 5.73%
TOTAL ASSETS
Total Short-Term Assets $34.60M $31.80M
Total Long-Term Assets $765.0M $765.9M
Total Assets $799.6M $797.7M
YoY Change 0.24% 6.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $20.50M $13.10M
YoY Change 56.49% -2.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.60M $22.00M
YoY Change 34.55% -0.9%
LONG-TERM LIABILITIES
Long-Term Debt $474.8M $466.1M
YoY Change 1.87% 13.3%
Other Long-Term Liabilities $12.30M $14.90M
YoY Change -17.45% -10.24%
Total Long-Term Liabilities $487.1M $481.0M
YoY Change 1.27% 12.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.60M $22.00M
Total Long-Term Liabilities $487.1M $481.0M
Total Liabilities $516.7M $504.3M
YoY Change 2.45% 11.67%
SHAREHOLDERS EQUITY
Retained Earnings -$36.38M
YoY Change
Common Stock $324.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $281.7M $293.4M
YoY Change
Total Liabilities & Shareholders Equity $799.6M $797.7M
YoY Change 0.24% 6.09%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $2.284M $4.112M
YoY Change -44.46% -8.97%
Depreciation, Depletion And Amortization $5.810M $5.440M
YoY Change 6.8% 3.62%
Cash From Operating Activities $8.070M $10.19M
YoY Change -20.8% 15.01%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$28.62M
YoY Change -99.44% 353.57%
Acquisitions
YoY Change
Other Investing Activities $270.0K $5.320M
YoY Change -94.92%
Cash From Investing Activities $110.0K -$23.31M
YoY Change -100.47% 268.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.26M 17.48M
YoY Change -164.42% -626.51%
NET CHANGE
Cash From Operating Activities 8.070M 10.19M
Cash From Investing Activities 110.0K -23.31M
Cash From Financing Activities -11.26M 17.48M
Net Change In Cash -3.080M 4.360M
YoY Change -170.64% -658.97%
FREE CASH FLOW
Cash From Operating Activities $8.070M $10.19M
Capital Expenditures -$160.0K -$28.62M
Free Cash Flow $8.230M $38.81M
YoY Change -78.79% 155.83%

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CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9036000
CY2020Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
166000
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
8000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
976000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
7831000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4818000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
287095000
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.225
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4535000
CY2020Q2 olp Common Stock Dividends Per Share Stock Distributions
CommonStockDividendsPerShareStockDistributions
0.225
CY2020Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
4534000
CY2020Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
860000
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1329000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
2285000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
429000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
282924000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
298595000
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.45
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8832000
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1039000
CY2019Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1199000
CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
954000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
4011000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1577000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
295384000
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.45
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8922000
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4275000
CY2019Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1588000
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
692000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
938000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
4558000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2518000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
294611000
us-gaap Profit Loss
ProfitLoss
10116000
us-gaap Profit Loss
ProfitLoss
8569000
olp Gain Loss On Sale Of Property Cash Flow Impact
GainLossOnSaleOfPropertyCashFlowImpact
4252000
olp Gain Loss On Sale Of Property Cash Flow Impact
GainLossOnSaleOfPropertyCashFlowImpact
1099000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-775000
us-gaap Straight Line Rent
StraightLineRent
1168000
us-gaap Straight Line Rent
StraightLineRent
799000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-373000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-509000
us-gaap Share Based Compensation
ShareBasedCompensation
2305000
us-gaap Share Based Compensation
ShareBasedCompensation
1892000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
54000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-82000
olp Gain Loss On Disposition Of Real Estate Unconsolidated Joint Venture
GainLossOnDispositionOfRealEstateUnconsolidatedJointVenture
121000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
116000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
41000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11478000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10787000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
459000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
487000
olp Payments To Brokers For Commissions Classified As Operating Activities
PaymentsToBrokersForCommissionsClassifiedAsOperatingActivities
38000
olp Payments To Brokers For Commissions Classified As Operating Activities
PaymentsToBrokersForCommissionsClassifiedAsOperatingActivities
186000
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
2087000
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-683000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
963000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1637000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18119000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18311000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
28504000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
26978000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
265000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2335000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
7093000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
5314000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
271000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
11000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21405000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23988000
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
6454000
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
6433000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3332000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1705000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
18200000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
23545000
olp Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
5314000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
41500000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
33650000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
22100000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
31500000
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
1026000
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
2787000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
173000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
382000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
13000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
697000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18003000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17555000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10651000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7024000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
7365000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1347000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11968000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16733000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19333000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18080000
us-gaap Interest Paid Net
InterestPaidNet
9653000
us-gaap Interest Paid Net
InterestPaidNet
9912000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
3905000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
1753000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseLiabilities
-568000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseLiabilities
-305000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18571000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17381000
CY2019Q2 olp Restricted Cash And Cash Equivalents Excluding Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashAndCashEquivalentsExcludingRestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
337000
CY2020Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
762000
CY2019Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
362000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19333000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18080000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 12pt 0pt;">Note 1 – <span style="text-decoration:underline;text-decoration-color:#000000;">Organization and Background</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;">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 consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term net leases. As of June 30, 2020, OLP owns </span>126 properties, including four properties owned by consolidated joint ventures and three properties owned by unconsolidated joint ventures. The 126 properties are located in 31 states.</p>
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
126
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
126
CY2020Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31
CY2020Q2 olp Unconsolidated Joint Venture Variable Interest Entity Number Of Entities
UnconsolidatedJointVentureVariableInterestEntityNumberOfEntities
0
CY2020Q2 olp Joint Venture Recourse Debt
JointVentureRecourseDebt
0
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt 0pt 12pt 0pt;"><span style="text-decoration:underline;text-decoration-color:#000000;">Reclassifications</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;">Certain amounts previously reported in the consolidated financial statements have been reclassified in the accompanying consolidated financial statements to conform to the current year’s presentation. The Company reclassified certain amounts in the consolidated statements of income for the three and six months ended June 30, 2019 so that it presents, as it does for the three and six months ended June 30, 2020, prepayments costs on debt separately from mortgage interest expense.</span></p>
CY2020Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
17914000
CY2019Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
17435000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
35981000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
35080000
CY2020Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2763000
CY2019Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
3029000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5746000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
6285000
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
20677000
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
20464000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
41727000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
41365000
CY2020Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-184000
CY2019Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-255000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-373000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-509000
CY2020Q2 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
3145000
CY2020Q2 olp Write Off Of Operating Lease Payments To Be Received
WriteOffOfOperatingLeasePaymentsToBeReceived
81000
CY2020Q2 olp Write Off Of Operating Lease Concessions Payments To Be Received
WriteOffOfOperatingLeaseConcessionsPaymentsToBeReceived
582000
CY2020Q2 olp Write Off Of Operating Lease Concessions Payments Under Negotiation
WriteOffOfOperatingLeaseConcessionsPaymentsUnderNegotiation
304000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
35704000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
73348000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
62754000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
54055000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
45432000
CY2020Q2 olp Lessor Operating Lease Payments To Be Received Six Years
LessorOperatingLeasePaymentsToBeReceivedSixYears
41082000
CY2020Q2 olp Lessor Operating Lease Payments To Be Received After Six Years
LessorOperatingLeasePaymentsToBeReceivedAfterSixYears
158782000
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
471157000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
255000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
511000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
506000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
507000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
557000
CY2020Q2 olp Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
626000
CY2020Q2 olp Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
3115000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6077000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1418000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4659000
olp Payments To Acquire Real Estate Excluding Acquisition Costs
PaymentsToAcquireRealEstateExcludingAcquisitionCosts
28250000
CY2020Q2 olp Real Estate Acquisition Cost Capitalized
RealEstateAcquisitionCostCapitalized
254000
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
2078000
CY2020Q2 olp Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
23089000
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
3905000
CY2020Q2 olp Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Lease Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLeaseLiability
568000
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
28504000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2020Q2 olp Dividends Declared Common Stock Percentage Payable In Cash
DividendsDeclaredCommonStockPercentagePayableInCash
0.50
CY2020Q3 olp Dividends Paid Common Stock Cash And Stock
DividendsPaidCommonStockCashAndStock
9068000
CY2020Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4537000
CY2020Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
263229
CY2020Q3 olp Common Stock Dividends Per Share Stock Distributions
CommonStockDividendsPerShareStockDistributions
17.22
CY2020Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
263229
CY2020Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
70000
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
77000
CY2019Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
59000
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
111000
CY2019Q2 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
152500
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
152500
CY2020Q2 us-gaap Profit Loss
ProfitLoss
2285000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
4558000
us-gaap Profit Loss
ProfitLoss
10116000
us-gaap Profit Loss
ProfitLoss
8569000
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
446000
CY2019Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
310000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
632000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
620000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
486000
CY2020Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
316000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1968000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3802000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9478000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7463000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19445000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19023000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19403000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18959000
CY2020Q2 olp Weighted Average Number Basic Shares Outstanding Adjustment
WeightedAverageNumberBasicSharesOutstandingAdjustment
60000
olp Weighted Average Number Basic Shares Outstanding Adjustment
WeightedAverageNumberBasicSharesOutstandingAdjustment
30000
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
106000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
101000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19505000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19129000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19433000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19060000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
25.65
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.60
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
25.65
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
24.60
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
585000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
3589000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
2304000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
24.03
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
24.03
olp Gain Loss From Effectiveness Testing On Cash Flow Hedges
GainLossFromEffectivenessTestingOnCashFlowHedges
0
CY2020Q2 olp Gain Loss From Effectiveness Testing On Cash Flow Hedges
GainLossFromEffectivenessTestingOnCashFlowHedges
0

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