$OLP
ONE LIBERTY PROPERTIES INC

2021 Q2 Form 10-Q Financial Statement

#000155837021010495 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $20.42M $20.86M
YoY Change -2.1% 0.69%
Cost Of Revenue $6.940M $3.240M
YoY Change 114.2% -7.16%
Gross Profit $34.30M $17.62M
YoY Change 94.65% 2.26%
Gross Profit Margin 167.95% 84.46%
Selling, General & Admin $7.710M $3.590M
YoY Change 114.76% 14.33%
% of Gross Profit 22.48% 20.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.699M $5.810M
YoY Change -1.91% 6.8%
% of Gross Profit 16.62% 32.97%
Operating Expenses $12.95M $12.63M
YoY Change 2.5% 4.72%
Operating Profit $28.96M $8.228M
YoY Change 252.02% -15.64%
Interest Expense $4.574M $4.947M
YoY Change -7.54% 0.14%
% of Operating Profit 15.79% 60.12%
Other Income/Expense, Net $187.0K -$770.0K
YoY Change -124.29% -7800.0%
Pretax Income $26.29M $2.290M
YoY Change 1047.99% -49.78%
Income Tax
% Of Pretax Income
Net Earnings $23.33M $2.284M
YoY Change 921.41% -44.46%
Net Earnings / Revenue 114.23% 10.95%
Basic Earnings Per Share $1.13 $0.10
Diluted Earnings Per Share $1.12 $0.10
COMMON SHARES
Basic Shares Outstanding 20.01M 19.45M
Diluted Shares Outstanding 20.19M 19.51M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.98M $18.60M
YoY Change -14.08% 6.9%
Cash & Equivalents $15.98M $18.57M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $14.25M $16.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $30.23M $34.60M
YoY Change -12.62% 8.81%
LONG-TERM ASSETS
Property, Plant & Equipment $670.6M $706.7M
YoY Change -5.1% -1.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.60M $10.80M
YoY Change -1.85% 0.93%
Other Assets $19.80M $20.10M
YoY Change -1.5% 109.38%
Total Long-Term Assets $723.1M $765.0M
YoY Change -5.48% -0.12%
TOTAL ASSETS
Total Short-Term Assets $30.23M $34.60M
Total Long-Term Assets $723.1M $765.0M
Total Assets $753.3M $799.6M
YoY Change -5.79% 0.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $20.01M $20.50M
YoY Change -2.37% 56.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.34M $29.60M
YoY Change -0.86% 34.55%
LONG-TERM LIABILITIES
Long-Term Debt $408.6M $474.8M
YoY Change -13.95% 1.87%
Other Long-Term Liabilities $10.43M $12.30M
YoY Change -15.24% -17.45%
Total Long-Term Liabilities $419.0M $487.1M
YoY Change -13.98% 1.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.34M $29.60M
Total Long-Term Liabilities $419.0M $487.1M
Total Liabilities $448.3M $516.7M
YoY Change -13.22% 2.45%
SHAREHOLDERS EQUITY
Retained Earnings -$29.91M -$36.38M
YoY Change -17.79%
Common Stock $336.3M $324.1M
YoY Change 3.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $303.8M $281.7M
YoY Change
Total Liabilities & Shareholders Equity $753.3M $799.6M
YoY Change -5.79% 0.24%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $23.33M $2.284M
YoY Change 921.41% -44.46%
Depreciation, Depletion And Amortization $5.699M $5.810M
YoY Change -1.91% 6.8%
Cash From Operating Activities $15.67M $8.070M
YoY Change 94.19% -20.8%
INVESTING ACTIVITIES
Capital Expenditures -$9.072M -$160.0K
YoY Change 5570.0% -99.44%
Acquisitions
YoY Change
Other Investing Activities $38.79M $270.0K
YoY Change 14266.3% -94.92%
Cash From Investing Activities $29.72M $110.0K
YoY Change 26915.45% -100.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.72M -11.26M
YoY Change 261.64% -164.42%
NET CHANGE
Cash From Operating Activities 15.67M 8.070M
Cash From Investing Activities 29.72M 110.0K
Cash From Financing Activities -40.72M -11.26M
Net Change In Cash 4.667M -3.080M
YoY Change -251.53% -170.64%
FREE CASH FLOW
Cash From Operating Activities $15.67M $8.070M
Capital Expenditures -$9.072M -$160.0K
Free Cash Flow $24.74M $8.230M
YoY Change 200.64% -78.79%

Facts In Submission

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us-gaap Comprehensive Income Net Of Tax
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CY2020Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2020Q2 olp Common Stock Dividends Per Share Stock Distributions
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CY2020Q2 us-gaap Dividends Common Stock Stock
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2020Q2 us-gaap Profit Loss
ProfitLoss
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CommonStockDividendsPerShareCashPaid
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CY2021Q1 us-gaap Dividends Common Stock Cash
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CY2021Q1 olp Increase In Non Controlling Interest Balance From Payment Of Dividends Or Other Contributions
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CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2021Q1 us-gaap Profit Loss
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2957000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2021Q2 us-gaap Dividends Common Stock Cash
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CY2021Q2 olp Increase In Non Controlling Interest Balance From Payment Of Dividends Or Other Contributions
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CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2021Q2 us-gaap Profit Loss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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olp Gain Loss On Sale Of Property Cash Flow Impact
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olp Gain Loss On Sale Of Property Cash Flow Impact
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Straight Line Rent
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us-gaap Straight Line Rent
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Amortization Of Above And Below Market Leases
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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olp Gain Loss On Disposition Of Real Estate Unconsolidated Joint Venture
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us-gaap Equity Method Investment Dividends Or Distributions
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100000
us-gaap Equity Method Investment Dividends Or Distributions
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
509000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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olp Payments To Brokers For Commissions Classified As Operating Activities
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olp Payments To Brokers For Commissions Classified As Operating Activities
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us-gaap Increase Decrease In Operating Assets
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us-gaap Increase Decrease In Operating Assets
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us-gaap Increase Decrease In Operating Liabilities
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719000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
963000
us-gaap Net Cash Provided By Used In Operating Activities
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27121000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
18119000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
28504000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
265000
olp Contributions To Ground Leased Variable Interest Entity Property
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
39491000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
7093000
us-gaap Proceeds From Insurance Settlement Investing Activities
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300000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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271000
us-gaap Net Cash Provided By Used In Investing Activities
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29077000
us-gaap Net Cash Provided By Used In Investing Activities
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olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
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olp Payments Of Amortization Of Mortgages Payable
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6454000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
18832000
us-gaap Repayments Of Secured Debt
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3332000
us-gaap Proceeds From Issuance Of Secured Debt
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4500000
us-gaap Proceeds From Issuance Of Secured Debt
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18200000
us-gaap Proceeds From Long Term Lines Of Credit
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9500000
us-gaap Proceeds From Long Term Lines Of Credit
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41500000
us-gaap Repayments Of Long Term Lines Of Credit
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22450000
us-gaap Repayments Of Long Term Lines Of Credit
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22100000
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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1026000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
86000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
173000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
25000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
24000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
13000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18590000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18003000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10651000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
7365000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13564000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11968000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16691000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19333000
us-gaap Interest Paid Net
InterestPaidNet
10068000
us-gaap Interest Paid Net
InterestPaidNet
9653000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
1057000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
3905000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
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-568000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15981000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18571000
CY2021Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
710000
CY2020Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
762000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16691000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19333000
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;"><b style="font-weight:bold;">NOTE 1 – ORGANIZATION AND BACKGROUND</b></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, 2021, OLP owns </span>122 properties, including four properties owned by consolidated joint ventures and three properties owned by unconsolidated joint ventures. The 122 properties are located in 30 states.</p>
CY2021Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
122
CY2021Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
122
CY2021Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
30
CY2021Q2 olp Unconsolidated Joint Venture Variable Interest Entity Number Of Entities
UnconsolidatedJointVentureVariableInterestEntityNumberOfEntities
0
CY2021Q2 olp Joint Venture Recourse Debt
JointVentureRecourseDebt
0
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
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CY2020Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
17914000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
34900000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
35981000
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2662000
CY2020Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2763000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5649000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5746000
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
20097000
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
20677000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
40549000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
41727000
CY2021Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-208000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-440000
CY2020Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-184000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-373000
CY2021Q2 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
960000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
34334000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
64557000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
58286000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
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CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
45615000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
41684000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
143347000
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
437613000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
255000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
506000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
507000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
557000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
626000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
627000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6220000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9298000
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1944000
CY2021Q2 us-gaap Operating Lease Liability
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7354000
CY2021Q2 olp Reclassification Of Unamortized Deferred Financing Costs To Escrow Deposits And Other Assets And Receivables
ReclassificationOfUnamortizedDeferredFinancingCostsToEscrowDepositsAndOtherAssetsAndReceivables
323000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
23332000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
2285000
us-gaap Profit Loss
ProfitLoss
26289000
us-gaap Profit Loss
ProfitLoss
10116000
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3000
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
801000
CY2020Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
316000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
907000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
632000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22528000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1968000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25384000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9478000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20013000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19445000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20008000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19403000
CY2020Q2 olp Weighted Average Number Basic Shares Outstanding Adjustment
WeightedAverageNumberBasicSharesOutstandingAdjustment
60000
olp Weighted Average Number Basic Shares Outstanding Adjustment
WeightedAverageNumberBasicSharesOutstandingAdjustment
30000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
174000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
167000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20187000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19505000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20175000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19433000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9330000
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.05
CY2021Q2 olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.03
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
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0
CY2021Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-340000
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-713000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
753000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-5641000
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1181000
CY2020Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1142000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1589000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1252000
CY2020Q2 olp Number Of Properties Sold
NumberOfPropertiesSold
3
CY2021Q2 olp Number Of Properties Sold
NumberOfPropertiesSold
3
CY2021Q1 olp Number Of Properties Included In Lease Split And Assignment Agreement
NumberOfPropertiesIncludedInLeaseSplitAndAssignmentAgreement
6

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