2022 Q3 Form 10-Q Financial Statement

#000155837022012170 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $21.47M $21.47M $21.07M
YoY Change 5.07% 5.14% 12.46%
Cost Of Revenue $3.880M $3.476M $3.450M
YoY Change 25.0% -49.91% -0.58%
Gross Profit $17.59M $18.00M $17.62M
YoY Change 1.51% -47.53% 15.44%
Gross Profit Margin 81.93% 83.81% 83.62%
Selling, General & Admin $3.919M $4.123M $3.490M
YoY Change 5.66% -46.52% -2.51%
% of Gross Profit 22.28% 22.91% 19.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.970M $5.905M $5.777M
YoY Change 6.68% 3.61% 0.3%
% of Gross Profit 33.93% 32.81% 32.79%
Operating Expenses $13.77M $13.50M $9.267M
YoY Change 10.96% 4.29% -0.78%
Operating Profit $11.77M $16.02M $8.349M
YoY Change 26.47% -44.7% 41.03%
Interest Expense $4.367M $4.353M -$4.451M
YoY Change 0.05% -4.83% -12.73%
% of Operating Profit 37.11% 27.18% -53.31%
Other Income/Expense, Net $17.00K $54.00K $4.000K
YoY Change -97.49% -71.12% -86.67%
Pretax Income $7.221M $16.79M $6.533M
YoY Change 16.24% -36.15% 83.0%
Income Tax
% Of Pretax Income
Net Earnings $7.204M $16.77M $6.507M
YoY Change 18.9% -28.13% 82.17%
Net Earnings / Revenue 33.55% 78.09% 30.89%
Basic Earnings Per Share $0.34 $0.80 $0.31
Diluted Earnings Per Share $0.34 $0.79 $0.30
COMMON SHARES
Basic Shares Outstanding 21.10M 20.36M 20.21M
Diluted Shares Outstanding 20.42M 20.48M 20.37M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.58M $17.62M $16.16M
YoY Change -15.73% 10.28% 27.28%
Cash & Equivalents $11.58M $17.62M $16.16M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $15.29M $14.83M $14.33M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.86M $32.45M $30.49M
YoY Change -4.77% 7.33% 8.52%
LONG-TERM ASSETS
Property, Plant & Equipment $693.4M $697.3M $677.0M
YoY Change 2.43% 3.97% -2.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.31M $10.40M $10.17M
YoY Change 1.29% -1.91% -4.93%
Other Assets $17.20M $19.70M $14.62M
YoY Change 13.69% -0.48% -29.39%
Total Long-Term Assets $740.5M $748.2M $722.5M
YoY Change 2.31% 3.47% -3.42%
TOTAL ASSETS
Total Short-Term Assets $26.86M $32.45M $30.49M
Total Long-Term Assets $740.5M $748.2M $722.5M
Total Assets $767.3M $780.7M $753.0M
YoY Change 2.04% 3.63% -2.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $18.21M $17.24M $18.99M
YoY Change -10.61% -13.87% -11.67%
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 $27.83M $26.81M $28.44M
YoY Change -6.58% -8.63% -7.66%
LONG-TERM LIABILITIES
Long-Term Debt $413.7M $426.9M $407.8M
YoY Change 1.8% 4.48% -7.77%
Other Long-Term Liabilities $10.56M $10.87M $10.41M
YoY Change -1.33% 4.27% -7.08%
Total Long-Term Liabilities $424.3M $437.7M $418.2M
YoY Change 1.72% 4.47% -7.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.83M $26.81M $28.44M
Total Long-Term Liabilities $424.3M $437.7M $418.2M
Total Liabilities $452.1M $464.6M $446.7M
YoY Change 1.17% 3.61% -7.75%
SHAREHOLDERS EQUITY
Retained Earnings -$36.19M
YoY Change -3.6%
Common Stock $343.9M $343.4M $343.0M
YoY Change 1.21% 2.1% 2.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $314.3M $315.2M $305.3M
YoY Change
Total Liabilities & Shareholders Equity $767.3M $780.7M $753.0M
YoY Change 2.04% 3.63% -2.99%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $7.204M $16.77M $6.507M
YoY Change 18.9% -28.13% 82.17%
Depreciation, Depletion And Amortization $5.970M $5.905M $5.777M
YoY Change 6.68% 3.61% 0.3%
Cash From Operating Activities $11.03M $14.96M $12.00M
YoY Change 16.87% -4.55% 26.99%
INVESTING ACTIVITIES
Capital Expenditures -$1.106M -$32.37M -$9.099M
YoY Change -88.89% 256.78% 2174.75%
Acquisitions
YoY Change
Other Investing Activities $7.673M $12.80M $5.503M
YoY Change -2.24% -67.01% 25.64%
Cash From Investing Activities $6.567M -$19.57M -$3.596M
YoY Change -411.23% -165.85% -190.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.70M 10.84M -6.174M
YoY Change 147.28% -126.62% -57.91%
NET CHANGE
Cash From Operating Activities 11.03M 14.96M 12.00M
Cash From Investing Activities 6.567M -19.57M -3.596M
Cash From Financing Activities -23.70M 10.84M -6.174M
Net Change In Cash -6.104M 6.227M 2.231M
YoY Change 170.57% 33.43% -279.92%
FREE CASH FLOW
Cash From Operating Activities $11.03M $14.96M $12.00M
Capital Expenditures -$1.106M -$32.37M -$9.099M
Free Cash Flow $12.14M $47.32M $21.10M
YoY Change -37.43% 91.27% 114.21%

Facts In Submission

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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
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us-gaap Common Stock Dividends Per Share Cash Paid
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
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CY2021Q2 olp Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification
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olp Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification
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2000
olp Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Noncontrolling Interest
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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 Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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olp Contributions To Ground Leased Variable Interest Entity Property
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2022Q1 us-gaap Dividends Common Stock Cash
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CY2022Q1 us-gaap Stock Issued During Period Value New Issues
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CY2022Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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1325000
CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2022Q2 us-gaap Dividends Common Stock Cash
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CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
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CY2022Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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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 Straight Line Rent
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us-gaap Straight Line Rent
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us-gaap Amortization Of Above And Below Market Leases
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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228000
us-gaap Income Loss From Equity Method Investments
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us-gaap Equity Method Investment Dividends Or Distributions
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100000
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
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us-gaap Amortization Of Financing Costs
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olp Payments To Brokers For Commissions Classified As Operating Activities
PaymentsToBrokersForCommissionsClassifiedAsOperatingActivities
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olp Payments To Brokers For Commissions Classified As Operating Activities
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555000
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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us-gaap Net Cash Provided By Used In Operating Activities
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23789000
us-gaap Net Cash Provided By Used In Operating Activities
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27121000
us-gaap Payments To Acquire Real Estate
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olp Contributions To Ground Leased Variable Interest Entity Property
ContributionsToGroundLeasedVariableInterestEntityProperty
1132000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3127000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16666000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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39491000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13564000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
7061000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18046000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2423000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2521000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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16691000
us-gaap Interest Paid Net
InterestPaidNet
8673000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
918000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
300000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19312000
us-gaap Interest Paid Net
InterestPaidNet
10068000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
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2816000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
1057000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
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-1152000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17624000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15981000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
29077000
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
6613000
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
7114000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
33571000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
18832000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
43339000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
4500000
olp Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
563000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
39500000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
9500000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
23700000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
22450000
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
324000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3418000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
554000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
86000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
25000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
41000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
24000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18926000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18590000
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1380000
CY2022Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
422000
CY2021Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
710000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18046000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16691000
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 and retail properties, many of which are subject to long-term net leases. As of June 30, 2022, OLP owns </span>119 properties, including three properties owned by consolidated joint ventures and three properties owned by unconsolidated joint ventures. The 119 properties are located in 31 states.</p>
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
119
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
119
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-440000
CY2022Q2 olp Unconsolidated Joint Venture Variable Interest Entity Number Of Entities
UnconsolidatedJointVentureVariableInterestEntityNumberOfEntities
0
CY2022Q2 olp Joint Venture Recourse Debt
JointVentureRecourseDebt
0
CY2022Q2 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
18405000
CY2021Q2 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
17435000
olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
36746000
olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
34900000
CY2022Q2 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
2860000
CY2021Q2 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
2662000
olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
5861000
olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
5649000
CY2022Q2 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
21265000
CY2021Q2 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
20097000
olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
42607000
olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
40549000
CY2022Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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CY2021Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-208000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
35498000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
70042000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
61917000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
57631000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
53345000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
45033000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
159107000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
482573000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
253000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
507000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
557000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
626000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
627000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
629000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5591000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8790000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1722000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7068000
CY2022Q3 olp Line Of Credit Before Netting Of Deferred Financing Costs
LineOfCreditBeforeNettingOfDeferredFinancingCosts
17500000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
16785000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
23332000
us-gaap Profit Loss
ProfitLoss
26125000
us-gaap Profit Loss
ProfitLoss
26289000
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18000
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
35000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2000
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
570000
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
801000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
891000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
907000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16197000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22528000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25199000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25384000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20364000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20013000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20372000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20008000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
116000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
174000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
113000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
167000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20480000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20187000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20485000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20175000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
230752
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
115376
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
64488
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
179864
olp Common Shares Not Included Attributable To Share Based Payment Arrangements Due To Applicable Metrics
CommonSharesNotIncludedAttributableToShareBasedPaymentArrangementsDueToApplicableMetrics
50888
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
223802
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
111901
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
111901
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
223802
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
9467000
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.03
CY2022Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
6000
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
11000
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
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
466000
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-340000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
1955000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
753000
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-199000
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1181000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-485000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1589000
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
450000
CY2022Q2 olp Accrued Interest Payable On Derivatives In Liability Position
AccruedInterestPayableOnDerivativesInLiabilityPosition
1000
CY2021Q4 olp Accrued Interest Payable On Derivatives In Liability Position
AccruedInterestPayableOnDerivativesInLiabilityPosition
84000
CY2022Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
2000
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
1632000
CY2022Q2 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
2000
CY2021Q4 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
1632000
CY2021Q1 olp Fee Income Lease Split And Assignment Agreement
FeeIncomeLeaseSplitAndAssignmentAgreement
100000
CY2021Q1 olp Number Of Properties Included In Lease Split And Assignment Agreement
NumberOfPropertiesIncludedInLeaseSplitAndAssignmentAgreement
6

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