$OLP
ONE LIBERTY PROPERTIES INC

2024 Q3 Form 10-Q Financial Statement

#000155837024011278 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $22.21M $21.80M $22.41M
YoY Change -1.49% -2.71% 4.35%
Cost Of Revenue $4.183M $3.901M $3.892M
YoY Change 4.18% 0.23% 11.97%
Gross Profit $18.03M $17.90M $18.52M
YoY Change -2.71% -3.33% 2.88%
Gross Profit Margin 81.17% 82.11% 82.63%
Selling, General & Admin $4.008M $3.898M $4.315M
YoY Change 0.55% -9.66% 4.66%
% of Gross Profit 22.23% 21.78% 23.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.133M $5.965M $6.114M
YoY Change -2.81% -2.44% 3.54%
% of Gross Profit 34.02% 33.33% 33.02%
Operating Expenses $14.32M $14.85M $10.43M
YoY Change 0.09% 42.39% -22.77%
Operating Profit $10.00M $14.40M $8.086M
YoY Change 16.75% 78.06% -49.52%
Interest Expense -$5.166M $4.750M -$4.755M
YoY Change -208.35% -199.89% -209.24%
% of Operating Profit -51.65% 32.99% -58.81%
Other Income/Expense, Net $353.0K $276.0K $28.00K
YoY Change 305.75% 885.71% -48.15%
Pretax Income $5.189M $9.677M $6.539M
YoY Change 87.4% 47.99% -61.04%
Income Tax
% Of Pretax Income
Net Earnings $5.177M $9.553M $6.199M
YoY Change 88.46% 54.11% -63.03%
Net Earnings / Revenue 23.31% 43.82% 27.67%
Basic Earnings Per Share $0.24 $0.45 $0.30
Diluted Earnings Per Share $0.23 $0.45 $0.30
COMMON SHARES
Basic Shares Outstanding 21.34M 21.32M 21.33M
Diluted Shares Outstanding 20.75M 20.68M 20.64M

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.68M $35.02M $8.079M
YoY Change 369.46% 333.47% -54.16%
Cash & Equivalents $25.68M $35.02M $8.079M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $17.31M $16.85M $17.06M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $43.00M $51.87M $25.14M
YoY Change 89.3% 106.32% -22.53%
LONG-TERM ASSETS
Property, Plant & Equipment $689.4M $671.4M $695.5M
YoY Change -1.65% -3.46% -0.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.038M $2.148M $10.52M
YoY Change -78.79% -79.58% 1.18%
Other Assets $19.67M $20.49M $20.94M
YoY Change 11.43% -2.13% 6.27%
Total Long-Term Assets $725.9M $707.4M $744.2M
YoY Change -2.58% -4.96% -0.53%
TOTAL ASSETS
Total Short-Term Assets $43.00M $51.87M $25.14M
Total Long-Term Assets $725.9M $707.4M $744.2M
Total Assets $768.8M $759.2M $769.4M
YoY Change 0.14% -1.32% -1.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $15.35M $14.20M $18.46M
YoY Change -2.17% -23.07% 7.08%
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 $25.30M $24.26M $28.35M
YoY Change -1.1% -14.42% 5.73%
LONG-TERM LIABILITIES
Long-Term Debt $426.1M $415.5M $417.6M
YoY Change -0.58% -0.5% -2.18%
Other Long-Term Liabilities $12.09M $11.07M $10.52M
YoY Change 15.75% 5.16% -3.2%
Total Long-Term Liabilities $438.2M $426.5M $428.1M
YoY Change -0.19% -0.36% -2.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.30M $24.26M $28.35M
Total Long-Term Liabilities $438.2M $426.5M $428.1M
Total Liabilities $463.5M $450.8M $457.4M
YoY Change -0.24% -1.45% -1.53%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $353.7M $352.0M $349.9M
YoY Change 1.93% 0.62% 1.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $304.2M $307.3M $312.0M
YoY Change
Total Liabilities & Shareholders Equity $768.8M $759.2M $769.4M
YoY Change 0.14% -1.32% -1.44%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $5.177M $9.553M $6.199M
YoY Change 88.46% 54.11% -63.03%
Depreciation, Depletion And Amortization $6.133M $5.965M $6.114M
YoY Change -2.81% -2.44% 3.54%
Cash From Operating Activities $9.969M $8.615M $10.22M
YoY Change -10.61% -15.69% -31.69%
INVESTING ACTIVITIES
Capital Expenditures $33.83M $12.45M $2.138M
YoY Change 229.9% 482.18% -106.61%
Acquisitions
YoY Change
Other Investing Activities $12.95M $21.77M $5.772M
YoY Change 314.37% 277.18% -54.9%
Cash From Investing Activities -$20.88M $9.324M $3.634M
YoY Change 192.87% 156.58% -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 1.090M -9.651M -10.37M
YoY Change -116.03% -6.93% -195.67%
NET CHANGE
Cash From Operating Activities 9.969M 8.615M 10.22M
Cash From Investing Activities -20.88M 9.324M 3.634M
Cash From Financing Activities 1.090M -9.651M -10.37M
Net Change In Cash -9.817M 8.288M 3.482M
YoY Change 253.51% 138.02% -44.08%
FREE CASH FLOW
Cash From Operating Activities $9.969M $8.615M $10.22M
Capital Expenditures $33.83M $12.45M $2.138M
Free Cash Flow -$23.86M -$3.832M $8.080M
YoY Change -2753.62% -147.43% -82.93%

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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q2 olp Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationNoncontrollingInterest
-1000
olp Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationNoncontrollingInterest
-1000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6661000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2024Q1 us-gaap Dividends Common Stock Cash
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CY2024Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1272000
CY2024Q1 olp Increase In Non Controlling Interest Balance From Payment Of Dividends Or Other Contributions
IncreaseInNonControllingInterestBalanceFromPaymentOfDividendsOrOtherContributions
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CY2024Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2024Q1 us-gaap Profit Loss
ProfitLoss
5380000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
306050000
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2024Q2 us-gaap Dividends Common Stock Cash
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CY2024Q2 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1167000
CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
202000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
9677000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
308433000
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
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CY2023Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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1074000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1328000
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
9000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-409000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
314701000
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 Issued During Period Value Dividend Reinvestment Plan
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CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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1564000
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7000
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
312955000
us-gaap Profit Loss
ProfitLoss
15057000
us-gaap Profit Loss
ProfitLoss
11947000
olp Gain Loss On Sale Of Property Cash Flow Impact
GainLossOnSaleOfPropertyCashFlowImpact
9232000
olp Gain Loss On Sale Of Property Cash Flow Impact
GainLossOnSaleOfPropertyCashFlowImpact
4714000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1086000
us-gaap Straight Line Rent
StraightLineRent
504000
us-gaap Straight Line Rent
StraightLineRent
1199000
olp Write Off Of Unbilled Rent Receivable As Reduction Of Rental Income
WriteOffOfUnbilledRentReceivableAsReductionOfRentalIncome
133000
us-gaap Amortization Of Above And Below Market Leases
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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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2439000
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
145000
us-gaap Equity Method Investment Dividends Or Distributions
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23000
us-gaap Depreciation Depletion And Amortization
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11986000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
516000
us-gaap Amortization Of Financing Costs
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olp Payments To Brokers For Commissions Classified As Operating Activities
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olp Payments To Brokers For Commissions Classified As Operating Activities
PaymentsToBrokersForCommissionsClassifiedAsOperatingActivities
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us-gaap Increase Decrease In Operating Assets
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us-gaap Increase Decrease In Operating Assets
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us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1931000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1055000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17522000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24930000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
24485000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
10069000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
11798000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
1493000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2863000
olp Contributions To Ground Leased Variable Interest Entity Property
ContributionsToGroundLeasedVariableInterestEntityProperty
44000
olp Contributions To Ground Leased Variable Interest Entity Property
ContributionsToGroundLeasedVariableInterestEntityProperty
668000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11150000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
6538000
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
6074000
olp Payments Of Amortization Of Mortgages Payable
PaymentsOfAmortizationOfMortgagesPayable
6174000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
30939000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6735000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
34213000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
23450000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
16900000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
36200000
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
2898000
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
2172000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1455000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
570000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
370000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
43000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
296000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
16000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19030000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19056000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19755000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-27484000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
8917000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3984000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29592000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7277000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38509000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11261000
us-gaap Interest Paid Net
InterestPaidNet
9463000
us-gaap Interest Paid Net
InterestPaidNet
9258000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Assets
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseAssets
1214000
olp Non Cash Investing Activities Purchase Accounting Allocation Intangible Lease Liabilities
NonCashInvestingActivitiesPurchaseAccountingAllocationIntangibleLeaseLiabilities
-1855000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35020000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8079000
CY2024Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
3489000
CY2023Q2 olp Restricted Cash Included In Escrow Deposits And Other Assets And Receivables
RestrictedCashIncludedInEscrowDepositsAndOtherAssetsAndReceivables
3182000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38509000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11261000
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, to a lesser extent, retail properties, many of which are subject to long-term net leases. As of June 30, 2024, OLP owns </span>106 properties, including two properties owned by consolidated joint ventures and two properties owned by unconsolidated joint ventures. The 106 properties are located in 31 states.</p>
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
106
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
106
CY2024Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31
CY2024Q2 olp Unconsolidated Joint Venture Variable Interest Entity Number Of Entities
UnconsolidatedJointVentureVariableInterestEntityNumberOfEntities
0
CY2024Q2 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
18319000
CY2023Q2 olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
18929000
olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
36591000
olp Operating Lease Lease Income Lease Payments Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeLeasePaymentsExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
38287000
CY2024Q2 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
3194000
CY2023Q2 olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
3248000
olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
6990000
olp Operating Lease Variable Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseVariableLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
6618000
CY2024Q2 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
21513000
CY2023Q2 olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
22177000
olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
43581000
olp Operating Lease Lease Income Excluding Amortization Related To Lease Intangible Assets And Liabilities
OperatingLeaseLeaseIncomeExcludingAmortizationRelatedToLeaseIntangibleAssetsAndLiabilities
44905000
CY2024Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-287000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-665000
CY2023Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-230000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-454000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
35547000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
69639000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
65547000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
55773000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
44821000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
34506000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
114006000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
419839000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
303000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
626000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
627000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
629000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
630000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
692000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
537000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4044000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
851000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3193000
olp Increase Decrease In Equity In Earnings Joint Venture Transaction
IncreaseDecreaseInEquityInEarningsJointVentureTransaction
-29000
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
9594000
CY2024Q3 olp Dividends Common Stock Cash Paid
DividendsCommonStockCashPaid
9145000
CY2024Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
20000
olp Percentage Of Discount On Common Stock Purchased Through Dividend Reinvestment Plan
PercentageOfDiscountOnCommonStockPurchasedThroughDividendReinvestmentPlan
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CY2024Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
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us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
133000
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
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
73000
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
73000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1455000
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1455000
olp Payment Of Commissions On Sale Of Shares
PaymentOfCommissionsOnSaleOfShares
4000
CY2023Q2 olp Payment Of Commissions On Sale Of Shares
PaymentOfCommissionsOnSaleOfShares
4000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
9677000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
6539000
us-gaap Profit Loss
ProfitLoss
15057000
us-gaap Profit Loss
ProfitLoss
11947000
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
20000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
349000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
42000
CY2024Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
327000
CY2023Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
320000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
654000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
649000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9226000
CY2024Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
9226000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6199000
CY2023Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
6199000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14054000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
14054000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11256000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
11256000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20590000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20571000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20550000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20544000
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
93000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
71000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
82000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
68000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20683000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20642000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20632000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20612000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2024Q2 olp Derivative Number Of Mortgage Loans Outstanding
DerivativeNumberOfMortgageLoansOutstanding
12
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
477000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1

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