2023 Q1 Form 10-K Financial Statement

#000155837023003726 Filed on March 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $22.95M $27.72M $92.22M
YoY Change 6.48% 31.56% 11.45%
Cost Of Revenue $4.042M $4.226M $15.19M
YoY Change 11.94% 22.49% 12.6%
Gross Profit $18.91M $23.49M $77.02M
YoY Change 5.38% 33.34% 11.23%
Gross Profit Margin 82.39% 84.75% 83.52%
Selling, General & Admin $4.189M $3.874M $15.86M
YoY Change 6.27% 11.0% 6.36%
% of Gross Profit 22.15% 16.49% 20.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.145M $6.063M $23.78M
YoY Change 5.17% 4.95% 4.16%
% of Gross Profit 32.5% 25.81% 30.88%
Operating Expenses $14.38M $9.937M $54.83M
YoY Change 7.32% 7.23% 7.02%
Operating Profit $10.11M $13.55M $54.15M
YoY Change -21.07% 62.32% -4.95%
Interest Expense $4.600M -$4.651M $17.57M
YoY Change 6.83% 4.49% -2.06%
% of Operating Profit 45.5% -34.32% 32.45%
Other Income/Expense, Net $15.00K $6.000K $85.00K
YoY Change 87.5% 50.0% 466.67%
Pretax Income $5.408M $8.907M $42.25M
YoY Change -42.1% 36.34% 8.25%
Income Tax
% Of Pretax Income
Net Earnings $5.386M $8.883M $42.18M
YoY Change -42.23% 36.51% 8.54%
Net Earnings / Revenue 23.47% 32.05% 45.74%
Basic Earnings Per Share $0.25 $0.42 $2.00
Diluted Earnings Per Share $0.25 $0.42 $1.99
COMMON SHARES
Basic Shares Outstanding 21.28M 21.07M 20.36M
Diluted Shares Outstanding 20.58M 20.41M 20.45M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.016M $6.718M $6.718M
YoY Change -38.68% -58.44% -58.44%
Cash & Equivalents $7.016M $6.718M $6.718M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $16.71M $16.08M $16.08M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $23.73M $22.80M $22.80M
YoY Change -7.35% -25.24% -25.24%
LONG-TERM ASSETS
Property, Plant & Equipment $697.5M $706.5M $706.5M
YoY Change 2.9% 4.35% 4.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.48M $10.40M $10.40M
YoY Change 1.91% 2.24% 2.24%
Other Assets $20.94M $23.76M $23.76M
YoY Change 26.47% 62.59% 62.59%
Total Long-Term Assets $747.4M $760.5M $760.5M
YoY Change 3.16% 5.26% 5.26%
TOTAL ASSETS
Total Short-Term Assets $23.73M $22.80M $22.80M
Total Long-Term Assets $747.4M $760.5M $760.5M
Total Assets $771.1M $783.3M $783.3M
YoY Change 2.8% 4.02% 4.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $18.02M $19.27M $19.27M
YoY Change 2.78% 1.46% 1.46%
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 $27.86M $28.96M $28.96M
YoY Change 2.73% 1.84% 1.84%
LONG-TERM LIABILITIES
Long-Term Debt $417.8M $426.2M $426.2M
YoY Change 3.71% 4.51% 4.51%
Other Long-Term Liabilities $10.82M $11.13M $11.13M
YoY Change 4.73% 6.9% 6.9%
Total Long-Term Liabilities $428.6M $437.4M $437.4M
YoY Change 3.73% 4.57% 4.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.86M $28.96M $28.96M
Total Long-Term Liabilities $428.6M $437.4M $437.4M
Total Liabilities $456.4M $466.3M $467.3M
YoY Change 3.67% 4.4% 4.39%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $348.7M $346.3M
YoY Change 1.04% 0.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $313.7M $316.0M $316.0M
YoY Change
Total Liabilities & Shareholders Equity $771.1M $783.3M $783.3M
YoY Change 2.8% 4.02% 4.02%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $5.386M $8.883M $42.18M
YoY Change -42.23% 36.51% 8.54%
Depreciation, Depletion And Amortization $6.145M $6.063M $23.78M
YoY Change 5.17% 4.95% 4.16%
Cash From Operating Activities $14.71M $9.377M $44.20M
YoY Change 66.59% -21.86% -8.99%
INVESTING ACTIVITIES
Capital Expenditures $725.0K $12.37M $55.79M
YoY Change -107.29% -235.99% -294.8%
Acquisitions
YoY Change
Other Investing Activities $3.629M -$198.0K $30.47M
YoY Change -64.43% -103.6% -41.41%
Cash From Investing Activities $2.904M -$12.57M -$25.32M
YoY Change 1025.58% 249.61% -208.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.240M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.11M -1.470M -28.27M
YoY Change 22.8% -76.19% -58.93%
NET CHANGE
Cash From Operating Activities 14.71M 9.377M 44.20M
Cash From Investing Activities 2.904M -12.57M -25.32M
Cash From Financing Activities -17.11M -1.470M -28.27M
Net Change In Cash 502.0K -4.665M -9.389M
YoY Change -110.36% -309.1% -402.68%
FREE CASH FLOW
Cash From Operating Activities $14.71M $9.377M $44.20M
Capital Expenditures $725.0K $12.37M $55.79M
Free Cash Flow $13.99M -$2.997M -$11.59M
YoY Change -25.5% -114.2% -115.02%

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CY2021 us-gaap Equity Method Investment Dividends Or Distributions
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CY2020 olp Increase In Non Controlling Interest Balance From Payment Of Dividends Or Other Contributions
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CY2022 us-gaap Stock Issued During Period Value New Issues
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CY2021 us-gaap Profit Loss
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CY2021 olp Gain Loss On Sale Of Property Cash Flow Impact
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CY2020 olp Gain Loss On Sale Of Property Cash Flow Impact
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CY2020 us-gaap Share Based Compensation
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CY2020 us-gaap Income Loss From Equity Method Investments
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CY2020 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Amortization Of Financing Costs
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CY2020 olp Payments To Brokers For Commissions Classified As Operating Activities
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CY2020 us-gaap Increase Decrease In Operating Liabilities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Develop Real Estate Assets
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PaymentsToDevelopRealEstateAssets
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PaymentsToDevelopRealEstateAssets
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CY2021 olp Contributions To Ground Leased Variable Interest Entity Property
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CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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ProceedsFromInsuranceSettlementInvestingActivities
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CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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97000
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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311000
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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333000
CY2022 olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
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CY2021 olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
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CY2020 olp Payments Of Amortization Of Mortgages Payable
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CY2021 us-gaap Repayments Of Secured Debt
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CY2020 us-gaap Repayments Of Secured Debt
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CY2021 us-gaap Proceeds From Issuance Of Secured Debt
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CY2020 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
41500000
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
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CY2021 us-gaap Repayments Of Long Term Lines Of Credit
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CY2020 us-gaap Repayments Of Long Term Lines Of Credit
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CY2020 us-gaap Payments Of Financing Costs
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CY2020 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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CY2022 us-gaap Payments To Minority Shareholders
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CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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PaymentsOfDividendsCommonStock
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CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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PaymentsOfDividendsCommonStock
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16666000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13564000
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CY2020 us-gaap Interest Paid Net
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4322000
CY2021 olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
2288000
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NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
3905000
CY2022 olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Mortgage Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleMortgageAssets
670000
CY2022 olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseLiabilities
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CY2021 olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseLiabilities
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CY2020 olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseLiabilities
-568000
CY2022 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
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NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
4613000
CY2020 olp Operating Lease Liability Obtained In Exchange For Right Of Use Asset
OperatingLeaseLiabilityObtainedInExchangeForRightOfUseAsset
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CY2020 us-gaap Stock Issued1
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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16164000
CY2022Q4 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
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559000
CY2021Q4 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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7277000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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16666000
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 6pt 0pt;">NOTE 1—ORGANIZATION AND BACKGROUND</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;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 December 31, 2022, OLP owns </span>120 properties, including three properties owned by consolidated joint ventures and three properties owned by unconsolidated joint ventures. The 120 properties are located in 31 states.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p>
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
120
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
120
CY2022Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="white-space:pre-wrap;">Management believes that the estimates and assumptions that are most important to the portrayal of the Company’s consolidated financial condition and results of operations, in that they require management’s most difficult, subjective or complex judgments, form the basis of the accounting policies deemed to be most significant to the Company. These significant accounting policies relate to revenues and the value of the Company’s real estate portfolio, including investments in unconsolidated joint ventures. Management believes its estimates and assumptions related to these significant accounting policies are appropriate under the circumstances; however, should future events or occurrences result in unanticipated consequences, there could be a material impact on the Company’s future consolidated financial condition or results of operations.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
23781000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
22832000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
22964000
CY2022Q4 olp Unconsolidated Joint Venture Variable Interest Entity Number Of Entities
UnconsolidatedJointVentureVariableInterestEntityNumberOfEntities
0
CY2022Q4 olp Joint Venture Recourse Debt
JointVentureRecourseDebt
0
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
4791000
CY2021Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
4684000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 8pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company maintains cash accounts at various financial institutions. While the Company attempts to limit any financial exposure, substantially all of its deposit balances exceed federally insured limits. The Company has not experienced any losses on such accounts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">The Company’s properties are located in 31 states. No real estate investments in any one state contributed more than 10% to the Company’s total revenues in any of the past three years.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt;">No tenant contributed over 10% to the Company’s total revenues in any of the past three years.</p>
CY2022Q4 olp Real Estate Taxes Insurance And Other Escrows
RealEstateTaxesInsuranceAndOtherEscrows
559000
CY2021Q4 olp Real Estate Taxes Insurance And Other Escrows
RealEstateTaxesInsuranceAndOtherEscrows
502000
CY2022 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
74101000
CY2021 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
70387000
CY2020 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
69823000
CY2022 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
17259000
CY2021 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
11008000
CY2020 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
11285000
CY2022 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
91360000
CY2021 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
81395000
CY2020 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
81108000
CY2022 olp Increase In Rent Receivable From Ground Lease Tenant
IncreaseInRentReceivableFromGroundLeaseTenant
4626000
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-831000
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-785000
CY2020 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-780000
CY2022 olp Operating Lease Income Uncollectible
OperatingLeaseIncomeUncollectible
0
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
73407000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
67323000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
63036000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
58802000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
49843000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
176710000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
489121000
CY2022 olp Increase In Lease Incentives Payable
IncreaseInLeaseIncentivesPayable
1345000
CY2022 olp Lease Incentives Number Of Tenants
LeaseIncentivesNumberOfTenants
3
CY2022 olp Lease Incentives Amortized
LeaseIncentivesAmortized
44000
CY2022 olp Payments Received Upon Early Lease Termination
PaymentsReceivedUponEarlyLeaseTermination
25000
CY2021 olp Payments Received Upon Early Lease Termination
PaymentsReceivedUponEarlyLeaseTermination
487000
CY2020 olp Payments Received Upon Early Lease Termination
PaymentsReceivedUponEarlyLeaseTermination
88000
CY2020 olp Number Of Retail Tenants In Lease Buy Out Transactions
NumberOfRetailTenantsInLeaseBuyOutTransactions
4
CY2021 olp Number Of Retail Tenants In Lease Buy Out Transactions
NumberOfRetailTenantsInLeaseBuyOutTransactions
4
CY2022 olp Number Of Retail Tenants In Lease Buy Out Transactions
NumberOfRetailTenantsInLeaseBuyOutTransactions
4
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
16079000
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
14330000
CY2022 olp Deferred Rent Receivable Period During Which Amount Of Rent To Be Billed And Received
DeferredRentReceivablePeriodDuringWhichAmountOfRentToBeBilledAndReceived
P20Y
CY2022 olp Straight Line Rent Receivable Written Off Relating To Property Sold
StraightLineRentReceivableWrittenOffRelatingToPropertySold
519000
CY2021 olp Straight Line Rent Receivable Written Off Relating To Property Sold
StraightLineRentReceivableWrittenOffRelatingToPropertySold
1438000
CY2020 olp Straight Line Rent Receivable Written Off Relating To Property Sold
StraightLineRentReceivableWrittenOffRelatingToPropertySold
365000
CY2022Q4 olp Deferred Rent Payables
DeferredRentPayables
756000
CY2021Q4 olp Deferred Rent Payables
DeferredRentPayables
897000
CY2022 olp Deferred Rent Payables Period During Which Amount Of Rent To Be Billed And Payables
DeferredRentPayablesPeriodDuringWhichAmountOfRentToBeBilledAndPayables
P10Y
CY2020 olp Unbilled Rent Receivable Written Off Where Collectability Is Less Than Probable
UnbilledRentReceivableWrittenOffWhereCollectabilityIsLessThanProbable
1094000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5864000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
507000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
557000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
626000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
627000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
629000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5591000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8537000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1613000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6924000
CY2022 olp Acquired Finite Lived Intangible Liabilities Weighted Average Amortization Period
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageAmortizationPeriod
P8Y9M18D
CY2021 olp Acquired Finite Lived Intangible Liabilities Weighted Average Amortization Period
AcquiredFiniteLivedIntangibleLiabilitiesWeightedAverageAmortizationPeriod
P8Y2M12D
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
5061000
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
8968000
CY2022Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
1162000
CY2022Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
940000
CY2022Q4 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
718000
CY2022Q4 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
711000
CY2022Q4 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
763000
CY2022Q4 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
6831000
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
11125000
CY2023Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
4626000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Amortization Payments Due In Next Twelve Months
SecuredDebtBeforeNettingOfDeferredFinancingCostsAmortizationPaymentsDueInNextTwelveMonths
12288000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Amortization Payments Due In Year Two
SecuredDebtBeforeNettingOfDeferredFinancingCostsAmortizationPaymentsDueInYearTwo
11388000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Amortization Payments Due In Year Three
SecuredDebtBeforeNettingOfDeferredFinancingCostsAmortizationPaymentsDueInYearThree
10037000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Amortization Payments Due In Year Four
SecuredDebtBeforeNettingOfDeferredFinancingCostsAmortizationPaymentsDueInYearFour
9897000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Amortization Payments Due In Year Five
SecuredDebtBeforeNettingOfDeferredFinancingCostsAmortizationPaymentsDueInYearFive
8766000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Amortization Payments Due After Year Five
SecuredDebtBeforeNettingOfDeferredFinancingCostsAmortizationPaymentsDueAfterYearFive
39489000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Amortization Payments
SecuredDebtBeforeNettingOfDeferredFinancingCostsAmortizationPayments
91865000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Repayments Of Due In Next Twelve Months
SecuredDebtBeforeNettingOfDeferredFinancingCostsRepaymentsOfDueInNextTwelveMonths
25261000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Repayments Due In Year Two
SecuredDebtBeforeNettingOfDeferredFinancingCostsRepaymentsDueInYearTwo
62083000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Repayments Due In Year Three
SecuredDebtBeforeNettingOfDeferredFinancingCostsRepaymentsDueInYearThree
42100000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Repayments Due In Year Four
SecuredDebtBeforeNettingOfDeferredFinancingCostsRepaymentsDueInYearFour
29076000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Repayments Due In Year Five
SecuredDebtBeforeNettingOfDeferredFinancingCostsRepaymentsDueInYearFive
47291000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs Repayments Due After Year Five
SecuredDebtBeforeNettingOfDeferredFinancingCostsRepaymentsDueAfterYearFive
203364000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs
SecuredDebtBeforeNettingOfDeferredFinancingCosts
409175000
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
378943000
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
419354000
CY2022Q4 olp Secured Debt Before Netting Of Deferred Financing Costs
SecuredDebtBeforeNettingOfDeferredFinancingCosts
409175000
CY2021Q4 olp Secured Debt Before Netting Of Deferred Financing Costs
SecuredDebtBeforeNettingOfDeferredFinancingCosts
399660000
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
CY2022Q4 olp Debt Instrument Excess Of Estimated Carrying Value Over Fair Value
DebtInstrumentExcessOfEstimatedCarryingValueOverFairValue
30232000
CY2021Q4 olp Debt Instrument Excess Of Estimated Fair Value Over Carrying Value
DebtInstrumentExcessOfEstimatedFairValueOverCarryingValue
19694000
CY2021Q4 olp Accrued Interest Payable On Derivatives In Liability Position
AccruedInterestPayableOnDerivativesInLiabilityPosition
84000
CY2022 us-gaap Profit Loss
ProfitLoss
42253000
CY2021 us-gaap Profit Loss
ProfitLoss
39034000
CY2020 us-gaap Profit Loss
ProfitLoss
27413000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
76000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
177000
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1434000
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1326000
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1263000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40743000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37531000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26144000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20360000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20086000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19571000
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
93000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
178000
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
28000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20453000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20264000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19599000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.87
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.34
CY2020 olp Dividend Reinvestment Plan Common Stock Discount On Shares
DividendReinvestmentPlanCommonStockDiscountOnShares
47000
CY2020 olp Dividends Designated From Prior Year
DividendsDesignatedFromPriorYear
8976000
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.85
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
CY2022 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
241076
CY2022 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
118085
CY2022 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
37513
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
155598
CY2022 olp Common Shares Not Included Attributable To Share Based Payment Arrangements Due To Applicable Metrics
CommonSharesNotIncludedAttributableToShareBasedPaymentArrangementsDueToApplicableMetrics
85478
CY2021 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
230752
CY2021 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
115376
CY2021 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
115376
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
230752
CY2020 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
223802
CY2020 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
85569
CY2020 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
37513
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
123082
CY2020 olp Common Shares Not Included Attributable To Share Based Payment Arrangements Due To Applicable Metrics
CommonSharesNotIncludedAttributableToShareBasedPaymentArrangementsDueToApplicableMetrics
100720
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.80
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.80
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
9574000
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
7500000
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.05
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.03
CY2022 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
102000
CY2021 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
35000
CY2020 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
77000
CY2022 olp Dividends Before Adjustments For Previous And Current Year
DividendsBeforeAdjustmentsForPreviousAndCurrentYear
38017000
CY2021 olp Dividends Before Adjustments For Previous And Current Year
DividendsBeforeAdjustmentsForPreviousAndCurrentYear
37513000
CY2020 olp Dividends Before Adjustments For Previous And Current Year
DividendsBeforeAdjustmentsForPreviousAndCurrentYear
36611000
CY2021 olp Dividends Designated To Following Year
DividendsDesignatedToFollowingYear
2085000
CY2020 olp Dividends Designated To Following Year
DividendsDesignatedToFollowingYear
9261000
CY2020 olp Return Of Capital
ReturnOfCapital
3265000
CY2022 olp Dividends Designated From Prior Year
DividendsDesignatedFromPriorYear
2085000
CY2021 olp Dividends Designated From Prior Year
DividendsDesignatedFromPriorYear
9261000
CY2021Q4 olp Number Of Properties Included In Lease Split And Assignment Agreement
NumberOfPropertiesIncludedInLeaseSplitAndAssignmentAgreement
6
CY2022 olp Percentage Of Distributions Representing Ordinary Income To Shareholders
PercentageOfDistributionsRepresentingOrdinaryIncomeToShareholders
0.54
CY2021 olp Percentage Of Distributions Representing Ordinary Income To Shareholders
PercentageOfDistributionsRepresentingOrdinaryIncomeToShareholders
0.43
CY2020 olp Percentage Of Distributions Representing Ordinary Income To Shareholders
PercentageOfDistributionsRepresentingOrdinaryIncomeToShareholders
0.45
CY2022 olp Percentage Of Distributions Representing Capital Gains To Shareholders
PercentageOfDistributionsRepresentingCapitalGainsToShareholders
0.46
CY2021 olp Percentage Of Distributions Representing Capital Gains To Shareholders
PercentageOfDistributionsRepresentingCapitalGainsToShareholders
0.57
CY2020 olp Percentage Of Distributions Representing Capital Gains To Shareholders
PercentageOfDistributionsRepresentingCapitalGainsToShareholders
0.47
CY2020 olp Percentage Of Distributions Representing Return Of Capital To Shareholders
PercentageOfDistributionsRepresentingReturnOfCapitalToShareholders
0.08
CY2022 olp Distributions Made To Stockholders Percentage
DistributionsMadeToStockholdersPercentage
1
CY2021 olp Distributions Made To Stockholders Percentage
DistributionsMadeToStockholdersPercentage
1
CY2020 olp Distributions Made To Stockholders Percentage
DistributionsMadeToStockholdersPercentage
1
CY2022 olp Dividends Declared Reconciliation
DividendsDeclaredReconciliation
37915000
CY2021 olp Dividends Declared Reconciliation
DividendsDeclaredReconciliation
37478000
CY2020 olp Dividends Declared Reconciliation
DividendsDeclaredReconciliation
36564000
CY2022 olp Dividend Reinvestment Plan Common Stock Discount On Shares
DividendReinvestmentPlanCommonStockDiscountOnShares
102000
CY2021 olp Dividend Reinvestment Plan Common Stock Discount On Shares
DividendReinvestmentPlanCommonStockDiscountOnShares
35000
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2022 olp Dividends Designated From Following Year
DividendsDesignatedFromFollowingYear
4240000
CY2022 olp Dividend Paid Deduction From Taxable Income
DividendPaidDeductionFromTaxableIncome
44342000
CY2021 olp Dividend Paid Deduction From Taxable Income
DividendPaidDeductionFromTaxableIncome
44689000
CY2020 olp Dividend Paid Deduction From Taxable Income
DividendPaidDeductionFromTaxableIncome
33061000
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.03
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.05
CY2022Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
21556000
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
21472000
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
21473000
CY2022Q4 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
27715000
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
92216000
CY2022Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
4649000
CY2022Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
8050000
CY2022Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
4063000
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
16762000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
9340000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
16785000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
7221000
CY2022Q4 us-gaap Profit Loss
ProfitLoss
8907000
CY2022 us-gaap Profit Loss
ProfitLoss
42253000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
9323000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
16767000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
7204000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
8883000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
42177000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20379000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20364000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20340000
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20358000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20360000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20541000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20480000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20416000
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20406000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20453000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
20816000
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
20422000
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
20436000
CY2021Q4 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
21066000
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
82740000
CY2021Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
21491000
CY2021Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1277000
CY2021Q4 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2695000
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
25463000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
2957000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
23332000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
6212000
CY2021Q4 us-gaap Profit Loss
ProfitLoss
6533000
CY2021 us-gaap Profit Loss
ProfitLoss
39034000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
2962000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
23329000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
6059000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
6507000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
38857000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20003000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20013000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20115000
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20210000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20086000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20061000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20187000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20273000
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20369000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20264000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.87
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.85
CY2022Q4 olp Additional Rental Income From Ground Lease Tenant Recognized
AdditionalRentalIncomeFromGroundLeaseTenantRecognized
4626000
CY2022Q2 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
5388000
CY2022Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
409175000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
179192000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
651112000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
49292000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
181805000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
697791000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
879596000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
173143000
CY2021 us-gaap Real Estate And Accumulated Depreciation Life Used For Depreciation1
RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1
P40Y
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
837641000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
839058000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
835837000
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
59654000
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
28837000
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
26444000
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
17699000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
28064000
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
22441000
CY2021 olp Sec Schedule1228 Real Estate Companies Investment In Real Estate Cost Of Investment In Real Estate Held For Sale
SecSchedule1228RealEstateCompaniesInvestmentInRealEstateCostOfInvestmentInRealEstateHeldForSale
2190000
CY2020 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
782000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
879596000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
837641000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
839058000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
160664000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
147136000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
135302000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
18471000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
17694000
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
17941000
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
5992000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
3246000
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
5755000
CY2021 olp Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Investment In Real Estate Held For Sale
SecSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationInvestmentInRealEstateHeldForSale
920000
CY2020 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
352000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
173143000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
160664000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
147136000
CY2022Q4 olp Real Estate Federal Income Tax Basis Difference Amount
RealEstateFederalIncomeTaxBasisDifferenceAmount
22018000

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