$OLP
ONE LIBERTY PROPERTIES INC

2023 Q3 Form 10-Q Financial Statement

#000155837023013390 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $22.55M $22.41M
YoY Change 5.0% 4.35%
Cost Of Revenue $4.015M $3.892M
YoY Change 3.48% 11.97%
Gross Profit $18.53M $18.52M
YoY Change 5.33% 2.88%
Gross Profit Margin 82.19% 82.63%
Selling, General & Admin $3.986M $4.315M
YoY Change 1.71% 4.66%
% of Gross Profit 21.51% 23.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.310M $6.114M
YoY Change 5.7% 3.54%
% of Gross Profit 34.05% 33.02%
Operating Expenses $14.31M $10.43M
YoY Change 3.94% -22.77%
Operating Profit $8.567M $8.086M
YoY Change -27.19% -49.52%
Interest Expense $4.768M -$4.755M
YoY Change 9.18% -209.24%
% of Operating Profit 55.66% -58.81%
Other Income/Expense, Net $87.00K $28.00K
YoY Change 411.76% -48.15%
Pretax Income $2.769M $6.539M
YoY Change -61.65% -61.04%
Income Tax
% Of Pretax Income
Net Earnings $2.747M $6.199M
YoY Change -61.87% -63.03%
Net Earnings / Revenue 12.18% 27.67%
Basic Earnings Per Share $0.12 $0.30
Diluted Earnings Per Share $0.12 $0.30
COMMON SHARES
Basic Shares Outstanding 21.31M 21.33M
Diluted Shares Outstanding 20.60M 20.64M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.471M $8.079M
YoY Change -52.75% -54.16%
Cash & Equivalents $5.471M $8.079M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $17.24M $17.06M
Other Receivables $0.00 $0.00
Total Short-Term Assets $22.71M $25.14M
YoY Change -15.45% -22.53%
LONG-TERM ASSETS
Property, Plant & Equipment $701.0M $695.5M
YoY Change 1.09% -0.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.607M $10.52M
YoY Change -6.81% 1.18%
Other Assets $17.65M $20.94M
YoY Change 2.61% 6.27%
Total Long-Term Assets $745.1M $744.2M
YoY Change 0.62% -0.53%
TOTAL ASSETS
Total Short-Term Assets $22.71M $25.14M
Total Long-Term Assets $745.1M $744.2M
Total Assets $767.8M $769.4M
YoY Change 0.06% -1.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $15.69M $18.46M
YoY Change -13.84% 7.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.58M $28.35M
YoY Change -8.08% 5.73%
LONG-TERM LIABILITIES
Long-Term Debt $428.6M $417.6M
YoY Change 3.61% -2.18%
Other Long-Term Liabilities $10.44M $10.52M
YoY Change -1.11% -3.2%
Total Long-Term Liabilities $439.1M $428.1M
YoY Change 3.49% -2.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.58M $28.35M
Total Long-Term Liabilities $439.1M $428.1M
Total Liabilities $464.7M $457.4M
YoY Change 2.78% -1.53%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $347.0M $349.9M
YoY Change 0.92% 1.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $302.1M $312.0M
YoY Change
Total Liabilities & Shareholders Equity $767.8M $769.4M
YoY Change 0.06% -1.44%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $2.747M $6.199M
YoY Change -61.87% -63.03%
Depreciation, Depletion And Amortization $6.310M $6.114M
YoY Change 5.7% 3.54%
Cash From Operating Activities $11.15M $10.22M
YoY Change 1.1% -31.69%
INVESTING ACTIVITIES
Capital Expenditures $10.25M $2.138M
YoY Change -1027.03% -106.61%
Acquisitions
YoY Change
Other Investing Activities $3.125M $5.772M
YoY Change -59.27% -54.9%
Cash From Investing Activities -$7.128M $3.634M
YoY Change -208.54% -118.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.801M -10.37M
YoY Change -71.31% -195.67%
NET CHANGE
Cash From Operating Activities 11.15M 10.22M
Cash From Investing Activities -7.128M 3.634M
Cash From Financing Activities -6.801M -10.37M
Net Change In Cash -2.777M 3.482M
YoY Change -54.51% -44.08%
FREE CASH FLOW
Cash From Operating Activities $11.15M $10.22M
Capital Expenditures $10.25M $2.138M
Free Cash Flow $899.0K $8.080M
YoY Change -92.59% -82.93%

Facts In Submission

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olp Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Noncontrolling Interest
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CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6661000
CY2022Q2 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
ComprehensiveIncomeNetOfTax
28528000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9628000
CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
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CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1328000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
5408000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1564000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
6539000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
141000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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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
StockIssuedDuringPeriodValueDividendReinvestmentPlan
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CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
33000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1325000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
9340000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1775000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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309850000
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9494000
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3418000
CY2022Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
163000
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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8000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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1559000
CY2022Q2 us-gaap Profit Loss
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16785000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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665000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
316102000
us-gaap Profit Loss
ProfitLoss
11947000
us-gaap Profit Loss
ProfitLoss
26125000
olp Gain Loss On Sale Of Property Cash Flow Impact
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4714000
olp Gain Loss On Sale Of Property Cash Flow Impact
GainLossOnSaleOfPropertyCashFlowImpact
12699000
us-gaap Straight Line Rent
StraightLineRent
1199000
us-gaap Straight Line Rent
StraightLineRent
1087000
olp Write Off Of Unbilled Rent Receivable As Reduction Of Rental Income
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133000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-454000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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us-gaap Share Based Compensation
ShareBasedCompensation
2892000
us-gaap Share Based Compensation
ShareBasedCompensation
2884000
us-gaap Income Loss From Equity Method Investments
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145000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
228000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
23000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12259000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11748000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
407000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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olp Payments To Brokers For Commissions Classified As Operating Activities
PaymentsToBrokersForCommissionsClassifiedAsOperatingActivities
179000
olp Payments To Brokers For Commissions Classified As Operating Activities
PaymentsToBrokersForCommissionsClassifiedAsOperatingActivities
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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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24930000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23789000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
39888000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2863000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2423000
olp Contributions To Ground Leased Variable Interest Entity Property
ContributionsToGroundLeasedVariableInterestEntityProperty
668000
olp Contributions To Ground Leased Variable Interest Entity Property
ContributionsToGroundLeasedVariableInterestEntityProperty
343000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
10069000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
22424000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
918000
us-gaap Net Cash Provided By Used In Investing Activities
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6538000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19312000
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
6174000
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
6613000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6735000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
33571000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
23450000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
43339000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
16900000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
39500000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
36200000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
23700000
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
2172000
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
324000
olp Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
563000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1455000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3418000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
370000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
554000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
16000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
41000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19056000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18926000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27484000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3097000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3984000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1380000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7277000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16666000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11261000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18046000
us-gaap Interest Paid Net
InterestPaidNet
9258000
us-gaap Interest Paid Net
InterestPaidNet
8673000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
2816000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseLiabilities
-1152000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8079000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17624000
CY2023Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
3182000
CY2022Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
422000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11261000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18046000
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: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 June 30, 2023, OLP owns </span>118 properties, including three properties owned by consolidated joint ventures and three properties owned by unconsolidated joint ventures. The 118 properties are located in 31 states.</p>
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
118
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
118
CY2023Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31
CY2023Q2 olp Unconsolidated Joint Venture Variable Interest Entity Number Of Entities
UnconsolidatedJointVentureVariableInterestEntityNumberOfEntities
0
CY2023Q2 olp Joint Venture Recourse Debt
JointVentureRecourseDebt
0
CY2023Q2 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
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CY2022Q2 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
18405000
olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
38287000
olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
36746000
CY2023Q2 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
3248000
CY2022Q2 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
2860000
olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
6618000
olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
5861000
CY2023Q2 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
22177000
CY2022Q2 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
21265000
olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
44905000
olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
42607000
CY2023Q2 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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CY2022Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-207000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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olp Write Off Of Unbilled Rent Receivable As Reduction Of Rental Income
WriteOffOfUnbilledRentReceivableAsReductionOfRentalIncome
133000
CY2023Q2 olp Write Off Of Unbilled Rent Receivable As Reduction Of Rental Income
WriteOffOfUnbilledRentReceivableAsReductionOfRentalIncome
133000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
36149000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
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CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
58967000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
50584000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
40517000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
254000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
557000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
626000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
627000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
629000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
630000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4960000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8283000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1508000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6775000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
6539000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
16785000
us-gaap Profit Loss
ProfitLoss
11947000
us-gaap Profit Loss
ProfitLoss
26125000
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
42000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
35000
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
320000
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
570000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
649000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
891000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6199000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16197000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11256000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25199000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20571000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20364000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20544000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20372000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
71000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
116000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
68000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
113000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20642000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20480000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20612000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20485000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2023Q2 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
241076
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
241076
CY2023Q2 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
120519
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
120519
CY2023Q2 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
37494
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
37494
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
158013
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
158013
CY2023Q2 olp Common Shares Not Included Attributable To Share Based Payment Arrangements Due To Applicable Metrics
CommonSharesNotIncludedAttributableToShareBasedPaymentArrangementsDueToApplicableMetrics
83063
olp Common Shares Not Included Attributable To Share Based Payment Arrangements Due To Applicable Metrics
CommonSharesNotIncludedAttributableToShareBasedPaymentArrangementsDueToApplicableMetrics
83063
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
230752
CY2022Q2 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Underlying Shares
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsUnderlyingShares
230752
CY2022Q2 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 Return On Capital Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToReturnOnCapitalMetric
115376
CY2022Q2 olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
64488
olp Incremental Common Shares Attributable To Share Based Payment Arrangements Due To Stockholder Return Metric
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsDueToStockholderReturnMetric
64488
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
179864
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
CY2022Q2 olp Common Shares Not Included Attributable To Share Based Payment Arrangements Due To Applicable Metrics
CommonSharesNotIncludedAttributableToShareBasedPaymentArrangementsDueToApplicableMetrics
50888
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
9571000
CY2023Q3 olp Dividends Common Stock Cash Paid
DividendsCommonStockCashPaid
8461000
CY2023Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
56000
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
0.03
CY2023Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
50000
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
99000
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
CY2023Q2 olp Derivative Number Of Mortgage Loans Outstanding
DerivativeNumberOfMortgageLoansOutstanding
16
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1134000
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
5388000
CY2022Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
5388000

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