One Liberty Properties, Inc(NYSE:OLP)
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness and theater properties. Many of ...
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2009-12-31 | 2009-03-31 | 2008-09-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-03-31 |
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revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 26,963,000 | 24,741,000 | 23,771,000 | 24,479,000 | 24,170,000 | 23,856,000 | 22,211,000 | 21,800,000 | 22,446,000 | 22,741,000 | 22,546,000 | 22,407,000 | 22,952,000 | 27,715,000 | 21,473,000 | 21,472,000 | 21,531,000 | 20,842,000 | 20,349,000 | 20,305,000 | 20,684,000 | 18,717,000 | 21,071,000 | 20,861,000 | 21,239,000 | 21,498,000 | 20,414,000 | 20,719,000 | 21,155,000 | 17,193,000 | 17,718,000 | 17,590,000 | 17,217,000 | 16,720,000 | 16,833,000 | 16,334,000 | 15,594,000 | 15,056,000 | 15,273,000 | 14,992,000 | 13,894,000 | 14,552,000 | 14,396,000 | 14,402,000 | 13,214,000 | 12,227,000 | 12,102,000 | 11,792,000 | 11,707,000 | 11,641,000 | 11,151,000 | 11,241,000 | 10,679,000 | 9,950,000 | 9,398,000 | 8,993,000 | 9,238,000 | 9,593,000 | |
lease termination fees | 1,327,000 | 66,000 | 25,000 | 224,000 | 87,000 | 117,000 | 132,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 28,290,000 | 24,741,000 | 23,771,000 | 24,545,000 | 24,170,000 | 23,856,000 | 22,211,000 | 21,800,000 | 22,696,000 | 22,741,000 | 22,546,000 | 22,407,000 | 22,952,000 | 27,715,000 | 21,473,000 | 21,472,000 | 21,556,000 | 21,066,000 | 20,436,000 | 20,422,000 | 20,816,000 | 22,448,000 | 20,414,000 | 19,570,000 | 19,752,000 | 19,534,000 | 19,137,000 | 18,413,000 | 18,472,000 | 18,021,000 | 17,233,000 | 16,344,000 | 16,108,000 | 15,782,000 | 15,326,000 | 15,187,000 | 15,665,000 | ||||||||||||||||||||||
yoy | 17.05% | 3.71% | 7.02% | 12.59% | 6.49% | 4.90% | -1.49% | -2.71% | -1.12% | -17.95% | 5.00% | 4.35% | 6.48% | 31.56% | 5.07% | 5.14% | 3.55% | 14.71% | 3.35% | 6.28% | 6.93% | 8.40% | 11.05% | 12.66% | 14.68% | 14.19% | 12.44% | 7.62% | 2.83% | ||||||||||||||||||||||||||||||
qoq | 14.34% | 4.08% | -3.15% | 1.55% | 1.32% | 7.41% | 1.89% | -3.95% | -0.20% | 0.86% | 0.62% | -2.37% | -17.19% | 29.07% | 0.00% | -0.39% | 2.33% | 3.08% | 0.07% | -1.89% | 9.96% | -0.92% | 1.12% | 2.07% | 3.93% | -0.32% | 2.50% | 4.57% | 5.44% | 1.47% | 2.07% | 2.98% | 0.92% | -3.05% | |||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 8,570,000 | 7,126,000 | 6,698,000 | 6,827,000 | 6,545,000 | 6,172,000 | 6,133,000 | 5,965,000 | 6,021,000 | 6,220,000 | 6,310,000 | 6,114,000 | 6,145,000 | 6,063,000 | 5,970,000 | 5,905,000 | 5,843,000 | 5,777,000 | 5,596,000 | 5,702,000 | 5,757,000 | 5,763,000 | 5,723,000 | 5,804,000 | 5,674,000 | 5,673,000 | 5,566,000 | 5,440,000 | 5,347,000 | 5,672,000 | 5,250,000 | 5,182,000 | 5,115,000 | 5,190,000 | 5,553,000 | 4,663,000 | 4,398,000 | 4,185,000 | 4,435,000 | 3,921,000 | 3,734,000 | 3,685,000 | 3,723,000 | 3,577,000 | 3,019,000 | 2,717,000 | 2,670,000 | 2,503,000 | 2,507,000 | 2,509,000 | 2,424,000 | 2,323,000 | 2,352,000 | 2,149,000 | 2,051,000 | 2,029,000 | 2,026,000 | 2,087,000 | |
real estate expenses | 5,712,000 | 5,125,000 | 4,824,000 | 4,891,000 | 5,038,000 | 5,227,000 | 4,231,000 | 3,976,000 | 4,470,000 | 4,305,000 | 4,061,000 | 3,954,000 | 4,124,000 | 4,302,000 | 3,970,000 | 3,549,000 | 3,687,000 | 3,530,000 | 3,199,000 | 3,387,000 | 3,686,000 | 3,536,000 | 3,451,000 | 3,305,000 | 3,342,000 | 3,530,000 | 3,692,000 | 3,511,000 | 3,341,000 | 2,592,000 | 2,515,000 | 2,667,000 | 2,689,000 | 2,371,000 | 2,704,000 | 2,188,000 | 2,159,000 | 2,175,000 | 1,415,000 | 1,273,000 | 1,334,000 | 1,085,000 | 877,000 | 1,098,000 | 851,000 | 751,000 | 773,000 | 644,000 | 679,000 | 686,000 | 620,000 | 527,000 | 285,000 | 42,000 | 55,000 | 106,000 | 55,000 | 71,000 | |
general and administrative | 4,338,000 | 4,031,000 | 4,128,000 | 3,938,000 | 4,170,000 | 3,803,000 | 3,886,000 | 3,776,000 | 3,923,000 | 3,754,000 | 3,864,000 | 4,165,000 | 4,039,000 | 3,724,000 | 3,769,000 | 3,973,000 | 3,792,000 | 3,340,000 | 3,559,000 | 3,769,000 | 3,642,000 | 3,427,000 | 3,456,000 | 3,454,000 | 3,334,000 | 3,123,000 | 3,143,000 | 3,005,000 | 3,171,000 | 3,071,000 | 2,969,000 | 2,959,000 | 2,701,000 | 2,893,000 | 2,815,000 | 2,681,000 | 2,671,000 | 2,609,000 | 2,350,000 | 2,390,000 | 2,392,000 | 2,153,000 | 2,134,000 | 2,211,000 | 1,938,000 | 1,944,000 | 1,960,000 | 1,911,000 | 1,796,000 | 1,890,000 | 1,804,000 | 2,053,000 | 1,649,000 | 1,695,000 | 1,596,000 | ||||
state tax expense | 64,000 | 500 | 29,000 | 67,000 | -94,000 | 42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 18,684,000 | 19,646,000 | 16,979,000 | 15,723,000 | 15,659,000 | 15,019,000 | 14,324,000 | 14,850,000 | 14,477,000 | 14,331,000 | 14,311,000 | 14,321,000 | 14,376,000 | 14,163,000 | 13,769,000 | 13,504,000 | 13,396,000 | 12,717,000 | 12,409,000 | 12,949,000 | 13,160,000 | 12,809,000 | 13,135,000 | 12,633,000 | 12,432,000 | 12,419,000 | 12,469,000 | 12,064,000 | 11,938,000 | 11,471,000 | 10,965,000 | 10,958,000 | 10,825,000 | 10,755,000 | 11,237,000 | 9,814,000 | 9,627,000 | 9,326,000 | 8,435,000 | 7,864,000 | 7,859,000 | 8,182,000 | 7,006,000 | 7,065,000 | 6,422,000 | 5,799,000 | 5,673,000 | 5,228,000 | 5,182,000 | 5,205,000 | 5,056,000 | 4,998,000 | 4,363,000 | 3,963,000 | 3,790,000 | 3,811,000 | 3,746,000 | 3,967,000 | |
other operating income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | 3,876,000 | 1,977,000 | 9,071,000 | 6,531,000 | 1,110,000 | 6,660,000 | 2,115,000 | 7,448,000 | 1,784,000 | 11,962,000 | 332,000 | 3,180,000 | 1,534,000 | 4,063,000 | 8,050,000 | 4,649,000 | 2,695,000 | 1,277,000 | 21,491,000 | 2,712,000 | 10,316,000 | 4,252,000 | 684,000 | 2,544,000 | 1,099,000 | 4,585,000 | 2,408,000 | 3,269,000 | 6,568,000 | 787,000 | 5,392,000 | 319,000 | |||||||||||||||||||||||||||
operating income | 13,482,000 | 7,072,000 | 15,863,000 | 15,353,000 | 9,621,000 | 15,497,000 | 10,002,000 | 14,398,000 | 10,003,000 | 20,372,000 | 8,567,000 | 11,266,000 | 10,110,000 | 13,552,000 | 11,767,000 | 16,018,000 | 12,809,000 | 11,044,000 | 9,304,000 | 28,964,000 | 7,656,000 | 8,635,000 | 18,252,000 | 8,228,000 | 13,059,000 | 10,713,000 | 10,489,000 | 9,754,000 | 9,217,000 | 12,684,000 | 8,787,000 | 8,576,000 | 8,312,000 | 7,658,000 | 7,235,000 | 8,207,000 | 7,606,000 | 7,018,000 | 7,673,000 | 7,918,000 | 7,467,000 | 7,005,000 | 8,659,000 | 7,337,000 | 6,792,000 | 6,428,000 | 6,429,000 | 6,564,000 | 6,525,000 | 6,436,000 | 6,095,000 | 6,243,000 | 6,316,000 | 5,987,000 | 5,608,000 | 5,182,000 | 5,492,000 | 5,626,000 | |
yoy | 40.13% | -54.37% | 58.60% | 6.63% | -3.82% | -23.93% | 16.75% | 27.80% | -1.06% | 50.32% | -27.19% | -29.67% | -21.07% | 22.71% | 26.47% | -44.70% | 67.31% | 27.90% | -49.02% | 252.02% | -41.37% | -19.40% | 74.01% | -15.64% | 41.68% | -15.54% | 19.37% | 13.74% | 10.89% | 65.63% | 21.45% | 4.50% | 9.28% | 9.12% | -5.71% | 3.65% | 1.86% | 0.19% | -11.39% | 7.92% | 9.94% | 8.98% | 34.69% | 11.78% | 4.09% | -0.12% | 5.48% | 5.14% | 1.90% | 1.80% | 11.32% | 15.00% | 6.42% | ||||||
qoq | 90.64% | -55.42% | 3.32% | 59.58% | -37.92% | 54.94% | -30.53% | 43.94% | -50.90% | 137.80% | -23.96% | 11.43% | -25.40% | 15.17% | -26.54% | 25.05% | 15.98% | 18.70% | -67.88% | 278.32% | -11.34% | -52.69% | 121.83% | -36.99% | 21.90% | 2.14% | 7.54% | 5.83% | -27.33% | 44.35% | 2.46% | 3.18% | 8.54% | 5.85% | -11.84% | 7.90% | 8.38% | -8.54% | -3.09% | 6.04% | 6.60% | -19.10% | 18.02% | 8.02% | 5.66% | -0.02% | -2.06% | 0.60% | 1.38% | 5.59% | -2.37% | 5.50% | 6.76% | 8.22% | -5.64% | -2.38% | |||
operating margin % | 47.66% | 28.58% | 66.73% | 62.55% | 39.81% | 64.96% | 45.03% | 66.05% | 44.07% | 89.58% | 38.00% | 50.28% | 44.05% | 48.90% | 54.80% | 74.60% | 59.42% | 52.43% | 45.53% | 141.83% | 36.78% | Infinity% | Infinity% | Infinity% | Infinity% | 47.72% | 51.38% | Infinity% | Infinity% | 64.81% | 44.49% | 43.90% | 43.43% | 41.59% | 39.17% | 45.54% | 44.14% | 42.94% | 47.63% | 50.17% | 48.72% | 46.12% | 55.28% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
other income and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 39,000 | 198,000 | 85,000 | 138,000 | 188,000 | 290,000 | 353,000 | 276,000 | 267,000 | 103,000 | 87,000 | 28,000 | 15,000 | 6,000 | 17,000 | 54,000 | 926,000 | 4,000 | 678,000 | 17,000 | 170,000 | 34,000 | 453,000 | 5,000 | 4,000 | -10,000 | 8,000 | 6,000 | 4,000 | 7,000 | 6,000 | 4,000 | 57,000 | 320,000 | 22,000 | 362,000 | 56,000 | 13,000 | 2,000 | 72,000 | 3,000 | 10,000 | 2,000 | 8,000 | 10,000 | 11,000 | 69,000 | 6,000 | 209,000 | 15,000 | |||||||||
interest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expense | -6,958,000 | -5,902,000 | -5,617,000 | -5,847,000 | -5,432,000 | -5,064,000 | -4,932,000 | -4,750,000 | -4,717,000 | -4,802,000 | -4,768,000 | -4,610,000 | -4,600,000 | -4,543,000 | -4,367,000 | -4,353,000 | -4,306,000 | -4,366,000 | -4,365,000 | -4,574,000 | -4,634,000 | -4,734,000 | -4,752,000 | -4,947,000 | -4,884,000 | -4,790,000 | -5,198,000 | -3,813,000 | -3,669,000 | -3,670,000 | -3,711,000 | -3,752,000 | -3,735,000 | ||||||||||||||||||||||||||
amortization and write-off of deferred financing costs | -323,000 | -254,000 | -241,000 | -277,000 | -233,000 | -227,000 | -225,000 | -290,000 | -226,000 | -220,000 | -212,000 | -205,000 | -198,000 | -278,000 | -434,000 | -216,000 | -245,000 | -296,000 | -213,000 | -216,000 | -301,000 | -216,000 | -243,000 | -256,000 | -252,000 | ||||||||||||||||||||||||||||||||||
net income | 6,240,000 | 2,415,000 | 11,105,000 | 9,418,000 | 4,169,000 | 10,552,000 | 5,189,000 | 9,677,000 | 5,380,000 | 15,202,000 | 2,769,000 | 6,539,000 | 5,408,000 | 8,907,000 | 7,221,000 | 16,785,000 | 9,340,000 | 6,533,000 | 6,212,000 | 23,332,000 | 2,957,000 | 3,571,000 | 13,726,000 | 2,285,000 | 7,831,000 | 4,878,000 | 5,097,000 | 4,558,000 | 4,011,000 | 10,182,000 | 4,546,000 | 6,653,000 | 7,128,000 | 9,993,000 | 2,886,000 | 4,323,000 | 12,459,000 | 3,285,000 | 3,791,000 | 3,714,000 | 9,207,000 | 2,647,000 | 4,662,000 | 3,300,000 | 3,228,000 | 7,752,000 | 3,449,000 | 18,420,000 | 5,754,000 | 3,226,000 | 2,765,000 | 5,142,000 | 2,653,000 | 2,468,000 | 2,779,000 | 2,334,000 | 2,579,000 | 3,146,000 | |
yoy | 49.68% | -77.11% | 114.01% | -2.68% | -22.51% | -30.59% | 87.40% | 47.99% | -0.52% | 70.67% | -61.65% | -61.04% | -42.10% | 36.34% | 16.24% | -28.06% | 215.86% | 82.95% | -54.74% | 921.09% | -62.24% | -26.79% | 169.30% | -49.87% | 95.24% | -52.09% | 12.12% | -31.49% | -43.73% | 1.89% | 57.52% | 53.90% | -42.79% | 204.20% | -23.87% | 16.40% | 35.32% | 24.10% | -18.68% | 12.55% | 185.22% | -65.85% | 35.17% | -82.08% | -43.90% | 140.30% | 24.74% | 258.23% | 21.60% | 12.03% | 85.03% | 2.87% | -21.55% | ||||||
qoq | 158.39% | -78.25% | 17.91% | 125.91% | -60.49% | 103.35% | -46.38% | 79.87% | -64.61% | 449.01% | -57.65% | 20.91% | -39.28% | 23.35% | -56.98% | 79.71% | 42.97% | 5.17% | -73.38% | 689.04% | -17.19% | -73.98% | 500.70% | -70.82% | 60.54% | -4.30% | 11.83% | 13.64% | -60.61% | 123.98% | -31.67% | -6.66% | -28.67% | 246.26% | -33.24% | -65.30% | 279.27% | -13.35% | 2.07% | -59.66% | 247.83% | -43.22% | 41.27% | 2.23% | -58.36% | 124.76% | -81.28% | 220.13% | 78.36% | 16.67% | -46.23% | 7.50% | -11.19% | 19.07% | -9.50% | -18.02% | |||
net income margin % | 22.06% | 9.76% | 46.72% | 38.37% | 17.25% | 44.23% | 23.36% | 44.39% | 23.70% | 66.85% | 12.28% | 29.18% | 23.56% | 32.14% | 33.63% | 78.17% | 43.33% | 31.01% | 30.40% | 114.25% | 14.21% | Infinity% | Infinity% | Infinity% | Infinity% | 21.73% | 24.97% | Infinity% | Infinity% | 52.03% | 23.02% | 34.06% | 37.25% | 54.27% | 15.62% | 23.99% | 72.30% | 20.10% | 23.53% | 23.53% | 60.07% | 17.43% | 29.76% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
net income attributable to non-controlling interests | -3,000 | -5,000 | -627,000 | -987,000 | -14,000 | -20,000 | -12,000 | -124,000 | -225,000 | -240,000 | -22,000 | -20,000 | -22,000 | -24,000 | -17,000 | -26,000 | -153,000 | -1,000 | -5,000 | ||||||||||||||||||||||||||||||||||||||||
net income attributable to one liberty properties, inc. | 6,237,000 | 2,410,000 | 10,478,000 | 8,431,000 | 4,155,000 | 10,532,000 | 5,177,000 | 9,553,000 | 5,155,000 | 14,962,000 | 2,747,000 | 6,519,000 | 5,386,000 | 8,883,000 | 7,204,000 | 16,767,000 | 9,323,000 | 6,507,000 | 6,059,000 | 23,329,000 | 2,962,000 | 3,572,000 | 13,725,000 | 2,284,000 | 7,826,000 | 4,810,000 | 5,118,000 | 4,112,000 | 3,971,000 | 10,147,000 | 4,517,000 | 5,851,000 | 7,105,000 | 9,972,000 | 2,865,000 | 4,299,000 | 12,441,000 | 3,287,000 | 3,788,000 | 3,682,000 | 7,856,000 | 2,620,000 | 4,640,000 | 3,273,000 | 3,211,000 | 7,736,000 | 3,450,000 | 18,414,000 | 5,750,000 | 3,223,000 | |||||||||
weighted-average number of common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 21,054,000 | 20,866,000 | 20,883,000 | 20,853,000 | 20,820,000 | 20,600,000 | 20,635,000 | 20,590,000 | 20,509,000 | 20,499,000 | 20,567,000 | 20,571,000 | 20,514,000 | 20,360,000 | 20,340,000 | 20,364,000 | 20,379,000 | 20,086,000 | 20,115,000 | 20,013,000 | 20,003,000 | 19,571,000 | 19,640,000 | 19,445,000 | 19,361,000 | 19,090,000 | 19,191,000 | 19,023,000 | 18,894,000 | 18,646,000 | 18,519,000 | 18,396,000 | 18,000,000 | 17,824,000 | 17,751,000 | 16,845,000 | 16,579,000 | 16,388,000 | 16,014,000 | 15,883,000 | 15,776,000 | 15,650,000 | 15,518,000 | 15,356,000 | 15,093,000 | 14,844,000 | 14,672,000 | 14,443,000 | 14,378,000 | 14,289,000 | 14,143,000 | 14,078,000 | |||||||
diluted | 21,123,000 | 20,912,000 | 20,946,000 | 20,967,000 | 20,951,000 | 20,722,000 | 20,753,000 | 20,683,000 | 20,579,000 | 20,556,000 | 20,596,000 | 20,642,000 | 20,579,000 | 20,453,000 | 20,416,000 | 20,480,000 | 20,541,000 | 20,264,000 | 20,273,000 | 20,187,000 | 20,061,000 | 19,599,000 | 19,686,000 | 19,505,000 | 19,374,000 | 19,119,000 | 19,239,000 | 19,129,000 | 18,993,000 | 18,705,000 | 18,593,000 | 18,434,000 | 18,079,000 | 17,938,000 | 17,865,000 | 16,962,000 | 16,686,000 | 16,495,000 | 16,114,000 | 15,983,000 | 15,876,000 | 15,750,000 | 15,618,000 | 15,456,000 | 15,193,000 | 14,944,000 | 14,772,000 | 14,543,000 | 14,478,000 | 14,389,000 | 14,143,000 | 14,178,000 | |||||||
earnings per common share attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 280 | 390 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions per share of common stock | 0.45 | 0.338 | 0.45 | 0.45 | 0.45 | 0.338 | 0.45 | 0.45 | 0.45 | 0.338 | 0.45 | 0.45 | 0.45 | 0.338 | 0.45 | 0.45 | 0.45 | 0.338 | 0.45 | 0.45 | 0.45 | 0.253 | 0.338 | 0.225 | 0.36 | 0.36 | 0.36 | 1.03 | 0.36 | ||||||||||||||||||||||||||||||
impairment loss | 325,000 | 1,300,000 | 1,086,000 | 153,000 | 1,093,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint ventures | 1,000 | 24,000 | 51,000 | 25,000 | 56,000 | -9,000 | 43,000 | 53,000 | -143,000 | -905,000 | 60,000 | 85,000 | 90,000 | 82,000 | 112,000 | 116,000 | 127,000 | 77,000 | 20,000 | -22,000 | -148,000 | 132,000 | -10,000 | 64,000 | 48,000 | 50,000 | 34,000 | 173,000 | 348,000 | 195,000 | 212,000 | 206,000 | 245,000 | 228,000 | 357,000 | 209,000 | 347,000 | 147,000 | 134,000 | 130,000 | 133,000 | 122,000 | 57,000 | 334,000 | 121,000 | 384,000 | 105,000 | 105,000 | 160,000 | 149,000 | 145,000 | ||||||||
equity in earnings from sale of unconsolidated joint venture properties | 991,000 | 4,000 | 801,000 | 1,986,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 100 | 480 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 100 | 480 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease termination fee | 62,500 | 250,000 | 372,000 | 650,000 | 1,269,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 180 | 490 | 240 | 240 | 710 | 120 | 300 | 420 | 340 | 800 | 310 | 290 | 1,130 | 100 | 390 | 240 | 250 | 200 | 190 | 530 | 230 | 300 | 380 | 540 | 150 | 240 | 720 | 190 | |||||||||||||||||||||||||||||||
diluted | 180 | 490 | 230 | 230 | 720 | 120 | 300 | 420 | 340 | 790 | 300 | 280 | 1,120 | 100 | 390 | 240 | 250 | 200 | 190 | 520 | 230 | 300 | 380 | 540 | 150 | 240 | 720 | 180 | |||||||||||||||||||||||||||||||
state taxes | -183,000 | 74,000 | 47,000 | 63,000 | 52,000 | 76,000 | 88,000 | 68,000 | 74,000 | 60,000 | 77,000 | 74,000 | 70,000 | 55,000 | 91,000 | 75,000 | 83,000 | 75,000 | 70,000 | 82,000 | 93,000 | 68,000 | 108,000 | 79,000 | |||||||||||||||||||||||||||||||||||
per common share attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 450 | 250 | 440 | 130 | 292.5 | 670 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income on settlement of litigation | 5,388,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | -202,000 | -205,000 | -281,000 | -156,000 | -158,000 | -159,000 | -159,000 | -161,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings from sale of unconsolidated joint venture property | 30,250 | 121,000 | 71,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment costs on debt | -64,000 | -38,000 | -799,000 | -58,000 | -775,000 | -290,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interests | -18,000 | -17,000 | -3,000 | 5,000 | -1,750 | -1,000 | -116,250 | 21,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
impairment due to casualty loss | 430,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock distributions per share of common stock | 0.084 | 0.112 | 0.225 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (loss) earnings of unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant reimbursements | 2,005,000 | 2,034,000 | 1,944,000 | 1,920,000 | 1,693,000 | 1,639,000 | 1,687,000 | 1,639,000 | 1,288,000 | 835,000 | 790,000 | 782,000 | 635,000 | ||||||||||||||||||||||||||||||||||||||||||||||
federal excise and state taxes | 59,000 | 154,000 | 73,000 | 90,000 | 224,000 | 88,000 | 43,000 | 78,000 | 76,000 | 68,000 | 124,000 | 74,000 | 6,000 | 107,000 | 62,000 | 184,000 | |||||||||||||||||||||||||||||||||||||||||||
leasehold rent | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | 77,000 | ||||||||||||||||||||||||||||||
cash distributions declared per share of common stock | 0.45 | 0.45 | 0.45 | 0.43 | 0.43 | 0.43 | 0.41 | 0.41 | 0.41 | 0.39 | 0.39 | 0.39 | 0.37 | 0.37 | 0.37 | 0.35 | 0.35 | 0.35 | 0.33 | ||||||||||||||||||||||||||||||||||||||||
income before gain on sale of real estate | 4,546,000 | 4,245,000 | 3,859,000 | 3,425,000 | 2,886,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate acquisition costs | 162,000 | 244,000 | 204,000 | 90,000 | 79,000 | 248,000 | 83,000 | 88,000 | 40,000 | 544,000 | 126,000 | 151,000 | 93,000 | 123,000 | 43,000 | 131,000 | 18,000 | ||||||||||||||||||||||||||||||||||||||||||
net (income) loss attributable to non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of real estate | 119,000 | 8,918,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase price fair value adjustment | 960,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss (income) attributable to non-controlling interests | 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale - investment in brt realty trust | 134,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 3,791,000 | 3,714,000 | 9,207,000 | 2,647,000 | 4,662,000 | 3,287,000 | 3,228,000 | 7,752,000 | 3,449,000 | 3,106,000 | 3,496,000 | 3,226,000 | 2,765,000 | 4,113,000 | 2,410,000 | 2,468,000 | 2,431,000 | 1,826,000 | 2,154,000 | 3,041,000 | |||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 13,000 | 15,314,000 | 2,258,000 | 1,029,000 | 243,000 | 348,000 | 508,000 | 425,000 | 105,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
per common share attributable to common stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- basic and diluted: | 220 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share attributable to common stockholders - basic: | 220 | 480 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share attributable to common stockholders - diluted: | 220 | 480 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of real estate - unconsolidated joint venture | 2,807,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale - unconsolidated joint venture interest | 1,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less net income attributable to non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share attributable to common stockholders — basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share attributable to common stockholders — diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less net loss attributable to non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 264,000 | 53,000 | 97,000 | 472,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sales | 15,050,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
plus net loss attributable to non-controlling interests | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on settlement of debt | 1,240,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on sale | 2,205,000 | 932,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distribution declared per share of common stock | 0.33 | 0.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net earnings of unconsolidated joint ventures | 69,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less net income attributable to non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of real estate held by unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income, including realized gain on sale of available-for-sale securities and interest income | 9,000 | 40,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal excise tax | 11,000 | 36,000 | 5,000 | 36,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of real estate of unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 28,000 | 157,000 | 209,000 | 299,000 | 432,000 | 584,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge on property sold at a loss | -229,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average number of common shares outstanding - basic and diluted | 10,694,000 | 10,169,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share – basic and diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share | 250 | 240 | 270 | 230 | 260 | 310 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distribution per share of common stock | 0.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock distribution per share of common stock | 0.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on dispositions of real estate of unconsolidated joint ventures | 297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of excess unimproved land | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average number common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 10,651,000 | 10,152,000 | 10,069,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 10,812,000 | 10,152,000 | 10,069,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative (including 572, 325, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,718 and 1,072, respectively, to related parties) | 1,216,750 | 1,583,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint ventures | 150,000 | 141,000 | 144,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on dispositions of real estate of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unconsolidated joint venture | 145,750 | 583,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of option to purchase property and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average number | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 2,511,250 | 10,078,000 | 10,001,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 2,511,250 | 10,078,000 | 10,001,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share - basic and diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative (including 574 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and 331, respectively, to related parties) | 1,696,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of real estate of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of option to purchase property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average number of |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2010-06-30 | 2009-09-30 | 2009-03-31 | 2008-09-30 | 2008-03-31 | 2007-09-30 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, at cost | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 158,679,000 | 153,143,000 | 144,984,000 | 165,259,000 | 171,810,000 | 165,708,000 | 171,401,000 | 170,023,000 | 172,135,000 | 172,309,000 | 179,342,000 | 180,800,000 | 180,579,000 | 181,805,000 | 181,086,000 | 180,952,000 | 178,681,000 | 180,183,000 | 180,760,000 | 178,525,000 | 191,050,000 | 190,391,000 | 194,356,000 | 194,356,000 | 196,645,000 | 195,320,000 | 195,771,000 | 205,660,000 | 204,162,000 | 199,509,000 | 209,101,000 | 207,979,000 | 210,211,000 | 210,281,000 | 211,432,000 | 212,668,000 | 182,785,000 | 188,215,000 | 190,016,000 | 184,688,000 | 184,846,000 | 162,976,000 | 169,242,000 | 155,499,000 | 153,513,000 | 142,749,000 | 142,686,000 | 133,017,000 | 133,842,000 | 134,815,000 | 132,378,000 | 127,531,000 | 109,811,000 | 88,050,000 | 94,981,000 | 89,738,000 | 71,135,000 | 70,032,000 | 72,428,000 |
buildings and improvements | 856,848,000 | 819,114,000 | 764,308,000 | 751,635,000 | 768,792,000 | 695,044,000 | 704,688,000 | 686,636,000 | 692,489,000 | 692,346,000 | 706,027,000 | 694,591,000 | 692,025,000 | 697,791,000 | 680,722,000 | 680,098,000 | 663,587,000 | 657,458,000 | 653,695,000 | 645,220,000 | 649,198,000 | 648,667,000 | 651,501,000 | 651,902,000 | 660,623,000 | 640,517,000 | 649,011,000 | 645,442,000 | 626,197,000 | 584,804,000 | 583,991,000 | 578,250,000 | 554,772,000 | 552,628,000 | 537,045,000 | 537,140,000 | 492,123,000 | 477,080,000 | 470,771,000 | 441,562,000 | 440,443,000 | 406,841,000 | 432,641,000 | 416,995,000 | 414,901,000 | 337,598,000 | 337,150,000 | 327,046,000 | 329,931,000 | 334,767,000 | 337,149,000 | 323,110,000 | 314,750,000 | 304,953,000 | 334,452,000 | 347,329,000 | 303,353,000 | 298,086,000 | 307,427,000 |
total real estate investments, at cost | 1,015,527,000 | 972,257,000 | 909,292,000 | 916,894,000 | 940,602,000 | 860,752,000 | 876,089,000 | 856,659,000 | 864,624,000 | 864,655,000 | 885,369,000 | 875,391,000 | 872,604,000 | 879,596,000 | 861,808,000 | 861,050,000 | 842,268,000 | 837,641,000 | 834,455,000 | 823,745,000 | 840,248,000 | 839,058,000 | 845,857,000 | 846,258,000 | 857,268,000 | 835,837,000 | 844,782,000 | 851,102,000 | 830,359,000 | 784,313,000 | 793,092,000 | 786,229,000 | 764,983,000 | 762,909,000 | 748,477,000 | 749,808,000 | 674,908,000 | 665,295,000 | 660,787,000 | 626,250,000 | 625,289,000 | 569,817,000 | 601,883,000 | 572,494,000 | 568,414,000 | 480,347,000 | 479,836,000 | 460,063,000 | 463,773,000 | 469,582,000 | 469,527,000 | ||||||||
less accumulated depreciation | 196,903,000 | 194,663,000 | 193,810,000 | 192,645,000 | 193,286,000 | 188,447,000 | 186,709,000 | 185,228,000 | 187,346,000 | 182,705,000 | 184,414,000 | 179,906,000 | 175,153,000 | 173,143,000 | 168,430,000 | 163,792,000 | 164,505,000 | 160,664,000 | 157,499,000 | 153,114,000 | 151,557,000 | 147,136,000 | 143,656,000 | 139,538,000 | 138,607,000 | 135,302,000 | 133,489,000 | 131,589,000 | 127,963,000 | 120,622,000 | 116,451,000 | 112,312,000 | 105,150,000 | 101,189,000 | 100,700,000 | 93,255,000 | 89,620,000 | 88,435,000 | 84,426,000 | 81,203,000 | 78,091,000 | 74,655,000 | 77,213,000 | 74,165,000 | 70,059,000 | 67,497,000 | 65,137,000 | 62,720,000 | 61,517,000 | 62,685,000 | 60,566,000 | 58,365,000 | 51,017,000 | 45,374,000 | 46,137,000 | 437,067,000 | 36,491,000 | 32,554,000 | 30,284,000 |
real estate investments | 818,624,000 | 777,594,000 | 715,482,000 | 724,249,000 | 747,316,000 | 672,305,000 | 689,380,000 | 671,431,000 | 677,278,000 | 681,950,000 | 700,955,000 | 695,485,000 | 697,451,000 | 706,453,000 | 693,378,000 | 697,258,000 | 677,763,000 | 676,977,000 | 676,956,000 | 670,631,000 | 688,691,000 | 691,922,000 | 702,201,000 | 706,720,000 | 718,661,000 | 700,535,000 | 711,293,000 | 719,513,000 | 702,396,000 | 663,691,000 | 676,641,000 | 673,917,000 | 659,833,000 | 661,720,000 | 647,777,000 | 656,553,000 | 585,288,000 | 576,860,000 | 576,361,000 | 545,047,000 | 547,198,000 | 495,162,000 | 524,670,000 | 498,329,000 | 498,355,000 | 412,850,000 | 414,699,000 | 397,343,000 | 402,256,000 | 406,897,000 | 408,961,000 | 392,276,000 | |||||||
property held-for-sale | 1,283,000 | 2,783,000 | 1,270,000 | 1,270,000 | 6,446,000 | 7,661,000 | 1,227,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 20,444,000 | 14,434,000 | 18,800,000 | 19,043,000 | 8,162,000 | 42,315,000 | 25,684,000 | 35,020,000 | 27,373,000 | 26,430,000 | 5,471,000 | 8,079,000 | 7,016,000 | 6,718,000 | 11,579,000 | 17,624,000 | 11,442,000 | 16,164,000 | 13,740,000 | 15,981,000 | 11,245,000 | 12,705,000 | 14,193,000 | 18,571,000 | 21,360,000 | 11,034,000 | 10,941,000 | 17,381,000 | 12,794,000 | 17,173,000 | 12,925,000 | 13,445,000 | 14,926,000 | 14,384,000 | 13,241,000 | 17,645,000 | 35,557,000 | 10,537,000 | 13,896,000 | 17,142,000 | 23,153,000 | 14,259,000 | 18,338,000 | 16,168,000 | 18,903,000 | 40,931,000 | 16,385,000 | 15,434,000 | 15,353,000 | 17,197,000 | 8,430,000 | 11,447,000 | 18,482,000 | 10,639,000 | 15,884,000 | 6,449,000 | 24,870,000 | 34,985,000 | 32,692,000 |
unbilled rent receivable | 17,613,000 | 17,269,000 | 16,861,000 | 17,031,000 | 17,283,000 | 16,988,000 | 17,312,000 | 16,847,000 | 16,872,000 | 16,661,000 | 17,242,000 | 17,060,000 | 16,710,000 | 16,079,000 | 15,285,000 | 14,826,000 | 14,166,000 | 14,330,000 | 14,470,000 | 14,252,000 | 15,391,000 | 15,438,000 | 16,518,000 | 15,981,000 | 15,281,000 | 15,037,000 | 14,202,000 | 14,394,000 | 13,990,000 | 14,617,000 | 14,367,000 | 13,839,000 | 13,674,000 | 13,737,000 | 13,323,000 | 12,707,000 | 13,472,000 | 13,707,000 | 13,348,000 | 12,870,000 | 12,442,000 | 14,352,000 | 14,079,000 | 13,380,000 | 13,043,000 | 12,850,000 | 13,346,000 | 13,094,000 | 12,860,000 | 12,151,000 | 11,811,000 | 11,586,000 | 10,189,000 | 11,153,000 | 10,637,000 | 10,223,000 | 9,835,000 | 8,838,000 | |
unamortized intangible lease assets | 28,110,000 | 25,501,000 | 19,520,000 | 18,961,000 | 20,253,000 | 13,649,000 | 14,763,000 | 13,292,000 | 13,650,000 | 14,681,000 | 16,848,000 | 17,298,000 | 18,541,000 | 19,841,000 | 19,594,000 | 20,845,000 | 19,912,000 | 20,694,000 | 21,498,000 | 22,048,000 | 23,306,000 | 24,703,000 | 26,082,000 | 27,398,000 | 28,722,000 | 26,068,000 | 26,375,000 | 26,001,000 | 25,399,000 | 26,326,000 | 27,931,000 | 29,147,000 | 31,774,000 | 33,054,000 | 30,823,000 | 33,931,000 | 30,849,000 | 28,988,000 | 30,188,000 | 28,229,000 | 29,104,000 | 25,372,000 | 26,517,000 | 25,771,000 | 25,432,000 | 14,882,000 | 15,484,000 | 14,193,000 | 14,563,000 | 14,383,000 | 11,571,000 | 10,501,000 | 7,829,000 | 7,358,000 | 8,187,000 | 8,879,000 | 4,924,000 | 5,052,000 | 5,288,000 |
escrow, deposits and other assets and receivables | 12,563,000 | 22,569,000 | 14,210,000 | 14,744,000 | 17,168,000 | 19,596,000 | 19,669,000 | 20,492,000 | 18,392,000 | 19,833,000 | 17,651,000 | 20,938,000 | 18,158,000 | 23,764,000 | 17,202,000 | 15,936,000 | 15,288,000 | 13,346,000 | 15,131,000 | 13,352,000 | 18,953,000 | 20,667,000 | 16,754,000 | 12,410,000 | 10,480,000 | 10,033,000 | 9,312,000 | 11,049,000 | 11,178,000 | 8,158,000 | 8,132,000 | 6,032,000 | 5,737,000 | 7,012,000 | 6,046,000 | 6,257,000 | 5,374,000 | 4,656,000 | 4,542,000 | 4,561,000 | 5,074,000 | 4,268,000 | 4,509,000 | 5,015,000 | 5,522,000 | 4,100,000 | 4,831,000 | 3,742,000 | 3,084,000 | 2,601,000 | 3,021,000 | 3,927,000 | 2,015,000 | ||||||
total assets | 898,637,000 | 857,570,000 | 802,305,000 | 795,585,000 | 811,688,000 | 766,954,000 | 768,846,000 | 759,230,000 | 755,669,000 | 761,606,000 | 767,774,000 | 769,381,000 | 771,143,000 | 783,255,000 | 767,347,000 | 780,653,000 | 750,129,000 | 752,953,000 | 751,973,000 | 753,310,000 | 768,166,000 | 776,137,000 | 786,730,000 | 799,590,000 | 805,751,000 | 774,629,000 | 785,141,000 | 797,662,000 | 776,696,000 | 742,437,000 | 751,902,000 | 750,358,000 | 737,582,000 | 751,639,000 | 723,934,000 | 739,327,000 | 681,790,000 | 647,338,000 | 655,396,000 | 624,557,000 | 624,688,000 | 590,737,000 | 598,215,000 | 567,380,000 | 569,629,000 | 495,815,000 | 486,512,000 | 469,058,000 | 471,961,000 | 474,201,000 | 451,902,000 | 437,346,000 | 425,435,000 | 420,862,000 | 429,973,000 | 439,792,000 | 407,922,000 | 418,137,000 | 420,593,000 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable | 529,470,000 | 517,342,000 | 458,671,000 | 448,254,000 | 465,971,000 | 420,555,000 | 426,139,000 | 415,470,000 | 416,539,000 | 418,347,000 | 416,727,000 | 415,695,000 | 406,946,000 | 325,601,000 | 302,274,000 | 304,808,000 | 293,752,000 | 284,373,000 | 284,903,000 | 276,805,000 | 227,853,000 | 226,402,000 | 197,796,000 | 198,174,000 | 205,816,000 | 202,293,000 | 226,530,000 | ||||||||||||||||||||||||||||||||
line of credit | 32,000,000 | 6,800,000 | 5,000,000 | 35,750,000 | 30,250,000 | 28,250,000 | 21,250,000 | 36,850,000 | 12,850,000 | 23,500,000 | 6,350,000 | 19,600,000 | 27,100,000 | 20,000,000 | 4,500,000 | 27,000,000 | 27,000,000 | 27,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||||||
dividends payable | 10,346,000 | 10,214,000 | 10,126,000 | 10,199,000 | 10,212,000 | 10,049,000 | 9,949,000 | 10,062,000 | 10,092,000 | 9,916,000 | 9,890,000 | 9,891,000 | 9,838,000 | 9,693,000 | 9,618,000 | 9,575,000 | 9,585,000 | 9,448,000 | 9,416,000 | 9,330,000 | 9,329,000 | 9,261,000 | 9,198,000 | 9,068,000 | 9,037,000 | 8,966,000 | 8,942,000 | 8,923,000 | 8,832,000 | 8,694,000 | 8,652,000 | 8,581,000 | 8,053,000 | 7,934,000 | 7,912,000 | 7,245,000 | 7,089,000 | 6,996,000 | 6,476,000 | 6,421,000 | 6,381,000 | 5,976,000 | 5,948,000 | 5,872,000 | 5,447,000 | 5,435,000 | 5,312,000 | 4,931,000 | 4,880,000 | 4,862,000 | 4,783,000 | 4,762,000 | 3,436,000 | 240,000 | 223,000 | 3,661,000 | 3,667,000 | 10,348,000 | 3,612,000 |
accrued expenses and other liabilities | 15,570,000 | 17,271,000 | 15,893,000 | 14,400,000 | 13,547,000 | 16,023,000 | 15,350,000 | 14,200,000 | 13,309,000 | 15,502,000 | 15,691,000 | 18,458,000 | 18,020,000 | 19,270,000 | 18,212,000 | 17,238,000 | 17,533,000 | 18,992,000 | 20,374,000 | 20,014,000 | 20,260,000 | 21,498,000 | 22,311,000 | 20,538,000 | 19,363,000 | 14,587,000 | 17,784,000 | 15,437,000 | 14,155,000 | 7,951,000 | 13,504,000 | 14,835,000 | 11,890,000 | 10,896,000 | 10,561,000 | 18,843,000 | 17,628,000 | 17,599,000 | 15,243,000 | 11,393,000 | 12,026,000 | 10,641,000 | 10,631,000 | 7,512,000 | 8,554,000 | 6,077,000 | 6,824,000 | 5,886,000 | 5,758,000 | 5,593,000 | 5,373,000 | 4,323,000 | 4,040,000 | 4,118,000 | 4,831,000 | 4,438,000 | 3,654,000 | 3,774,000 | 4,218,000 |
unamortized intangible lease liabilities | 13,692,000 | 12,946,000 | 11,843,000 | 12,168,000 | 12,626,000 | 11,752,000 | 12,088,000 | 11,065,000 | 9,679,000 | 10,096,000 | 10,443,000 | 10,522,000 | 10,824,000 | 11,125,000 | 10,560,000 | 10,870,000 | 10,335,000 | 10,407,000 | 10,702,000 | 10,425,000 | 10,794,000 | 11,189,000 | 11,943,000 | 12,289,000 | 12,636,000 | 12,421,000 | 12,552,000 | 12,546,000 | 13,582,000 | 15,308,000 | 16,617,000 | 17,057,000 | 17,990,000 | 18,430,000 | 18,838,000 | 19,821,000 | 14,244,000 | 14,310,000 | 14,827,000 | 14,671,000 | 15,028,000 | 9,170,000 | 9,214,000 | 7,106,000 | 6,416,000 | 5,885,000 | 6,027,000 | 4,843,000 | 4,955,000 | 5,065,000 | 5,274,000 | 5,384,000 | 4,986,000 | 4,928,000 | 5,132,000 | 5,597,000 | 5,819,000 | 5,576,000 | 5,793,000 |
total liabilities | 601,078,000 | 557,773,000 | 496,533,000 | 491,821,000 | 507,356,000 | 458,379,000 | 463,526,000 | 450,797,000 | 449,619,000 | 453,861,000 | 464,657,000 | 456,426,000 | 456,442,000 | 466,318,000 | 452,096,000 | 464,551,000 | 440,279,000 | 446,675,000 | 446,874,000 | 448,349,000 | 479,727,000 | 484,177,000 | 493,212,000 | 516,666,000 | 518,656,000 | 482,645,000 | 493,173,000 | 503,051,000 | 481,312,000 | 434,931,000 | 450,204,000 | 450,109,000 | 440,724,000 | 458,264,000 | 434,109,000 | 415,738,000 | 390,052,000 | 397,897,000 | 365,009,000 | 366,493,000 | 340,789,000 | 347,016,000 | 318,243,000 | 320,722,000 | 245,250,000 | 248,065,000 | 232,555,000 | 251,923,000 | 255,872,000 | 233,226,000 | 217,143,000 | 245,278,000 | 247,648,000 | 263,716,000 | 270,219,000 | 236,681,000 | 246,776,000 | 240,376,000 | |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
one liberty properties, inc. stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value; 12,500 shares authorized; none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 21,069,000 | 20,916,000 | 20,898,000 | 20,854,000 | 20,844,000 | 20,698,000 | 20,653,000 | 20,593,000 | 20,526,000 | 20,323,000 | 20,409,000 | 20,540,000 | 20,546,000 | 20,362,000 | 20,311,000 | 20,281,000 | 20,392,000 | 20,239,000 | 20,178,000 | 20,024,000 | 20,008,000 | 19,878,000 | 19,737,000 | 19,450,000 | 19,380,000 | 19,251,000 | 19,197,000 | 19,139,000 | 18,937,000 | 18,669,000 | 18,575,000 | 18,417,000 | 18,114,000 | 17,843,000 | 17,773,000 | 17,074,000 | 16,686,000 | 16,458,000 | 16,073,000 | 15,925,000 | 15,822,000 | 15,669,000 | 15,594,000 | 15,422,000 | 15,102,000 | 15,058,000 | 14,706,000 | 14,535,000 | 14,378,000 | 14,322,000 | 14,146,000 | 14,081,000 | 9,918,000 | 9,949,000 | 9,843,000 | ||||
paid-in capital | 342,645,000 | 341,389,000 | 339,935,000 | 338,401,000 | 336,926,000 | 335,539,000 | 333,083,000 | 331,446,000 | 328,883,000 | 326,379,000 | 326,635,000 | 329,326,000 | 328,113,000 | 325,895,000 | 323,576,000 | 323,104,000 | 324,689,000 | 322,793,000 | 319,608,000 | 316,312,000 | 314,643,000 | 313,430,000 | 310,029,000 | 304,649,000 | 302,530,000 | 301,517,000 | 299,198,000 | 296,840,000 | 290,241,000 | 284,772,000 | 281,396,000 | 276,938,000 | 270,762,000 | 266,719,000 | 264,687,000 | 250,257,000 | 240,505,000 | 234,866,000 | 227,283,000 | 223,681,000 | 220,935,000 | 218,382,000 | 216,474,000 | 212,533,000 | 207,703,000 | 206,462,000 | 197,545,000 | 194,746,000 | 191,796,000 | 190,630,000 | 188,370,000 | 187,222,000 | 145,640,000 | 143,374,000 | 140,812,000 | 138,129,000 | 138,022,000 | 135,861,000 | 135,436,000 |
accumulated other comprehensive income | 9,000 | 16,000 | 45,000 | 72,000 | 130,000 | 208,000 | 271,000 | 567,000 | 755,000 | 844,000 | 1,337,000 | 1,543,000 | 1,401,000 | 1,810,000 | 1,855,000 | 925,000 | 260,000 | -1,623,000 | -3,374,000 | 318,000 | 4,781,000 | 3,913,000 | 2,899,000 | -348,000 | 73,000 | ||||||||||||||||||||||||||||||||||
distributions in excess of net income | -66,353,000 | -62,718,000 | -55,302,000 | -55,939,000 | -54,669,000 | -49,020,000 | -49,830,000 | -45,311,000 | -45,330,000 | -40,843,000 | -46,274,000 | -39,451,000 | -36,344,000 | -32,102,000 | -31,450,000 | -29,150,000 | -36,423,000 | -36,187,000 | -33,264,000 | -29,907,000 | -43,906,000 | -37,539,000 | -31,850,000 | -36,377,000 | -29,592,000 | -28,382,000 | -24,225,000 | ||||||||||||||||||||||||||||||||
total one liberty properties, inc. stockholders’ equity | 297,370,000 | 299,603,000 | 305,576,000 | 303,388,000 | 303,231,000 | 307,425,000 | 304,177,000 | 307,295,000 | 304,834,000 | 306,703,000 | 302,107,000 | 311,958,000 | 313,716,000 | 315,965,000 | 314,292,000 | 315,160,000 | 308,918,000 | 305,332,000 | 304,172,000 | 303,765,000 | 287,241,000 | 290,767,000 | 292,304,000 | 281,718,000 | 285,886,000 | 290,763,000 | 290,796,000 | 293,382,000 | 293,905,000 | 306,067,000 | 300,276,000 | 298,781,000 | 295,145,000 | 291,665,000 | 288,038,000 | 272,572,000 | 264,320,000 | 255,452,000 | 255,421,000 | 257,473,000 | 256,110,000 | 248,624,000 | 249,866,000 | 248,037,000 | 247,762,000 | 249,396,000 | 237,046,000 | 236,025,000 | 219,566,000 | 217,929,000 | |||||||||
non-controlling interest in consolidated joint venture | 189,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 297,559,000 | 299,797,000 | 305,772,000 | 303,764,000 | 304,332,000 | 308,575,000 | 305,320,000 | 308,433,000 | 306,050,000 | 307,745,000 | 303,117,000 | 312,955,000 | 314,701,000 | 316,937,000 | 315,251,000 | 316,102,000 | 309,850,000 | 306,278,000 | 305,099,000 | 304,961,000 | 288,439,000 | 291,960,000 | 293,518,000 | 282,924,000 | 287,095,000 | 291,984,000 | 291,968,000 | 294,611,000 | 295,384,000 | 307,506,000 | 301,698,000 | 300,249,000 | 296,858,000 | 293,375,000 | 289,825,000 | 274,322,000 | 266,052,000 | 257,286,000 | 257,499,000 | 259,548,000 | 258,195,000 | 249,948,000 | 251,199,000 | 249,137,000 | 248,907,000 | 250,565,000 | 238,447,000 | 236,503,000 | 220,038,000 | 218,329,000 | |||||||||
total liabilities and equity | 898,637,000 | 857,570,000 | 802,305,000 | 795,585,000 | 811,688,000 | 766,954,000 | 768,846,000 | 759,230,000 | 755,669,000 | 761,606,000 | 767,774,000 | 769,381,000 | 771,143,000 | 783,255,000 | 767,347,000 | 780,653,000 | 750,129,000 | 752,953,000 | 751,973,000 | 753,310,000 | 768,166,000 | 776,137,000 | 786,730,000 | 799,590,000 | 805,751,000 | 774,629,000 | 785,141,000 | 797,662,000 | 776,696,000 | 742,437,000 | 751,902,000 | 750,358,000 | 737,582,000 | 751,639,000 | 723,934,000 | 739,327,000 | 681,790,000 | 647,338,000 | 655,396,000 | 624,557,000 | 624,688,000 | 590,737,000 | 598,215,000 | 567,380,000 | 569,629,000 | 495,815,000 | 486,512,000 | 469,058,000 | 471,961,000 | 474,201,000 | |||||||||
investment in unconsolidated joint ventures | 203,000 | 203,000 | 1,557,000 | 1,506,000 | 2,101,000 | 2,038,000 | 2,148,000 | 2,104,000 | 2,051,000 | 9,607,000 | 10,521,000 | 10,484,000 | 10,400,000 | 10,309,000 | 10,398,000 | 10,288,000 | 10,172,000 | 10,178,000 | 10,600,000 | 10,580,000 | 10,702,000 | 10,982,000 | 10,849,000 | 11,247,000 | 11,061,000 | 11,070,000 | 10,724,000 | 10,731,000 | 10,283,000 | 11,214,000 | 10,921,000 | 10,648,000 | 10,771,000 | 10,772,000 | 10,993,000 | 11,132,000 | 11,076,000 | 11,273,000 | 11,118,000 | 2,486,000 | 4,874,000 | 4,833,000 | 4,916,000 | 4,984,000 | 5,085,000 | 19,399,000 | 17,312,000 | 17,334,000 | 17,137,000 | 5,139,000 | 5,287,000 | 5,968,000 | 5,900,000 | 5,855,000 | 5,848,000 | 5,565,000 | 6,580,000 | 7,497,000 | |
non-controlling interests in consolidated joint ventures | 194,000 | 196,000 | 376,000 | 1,101,000 | 1,150,000 | 1,143,000 | 1,138,000 | 1,216,000 | 1,042,000 | 1,010,000 | 997,000 | 985,000 | 972,000 | 959,000 | 942,000 | 932,000 | 946,000 | 927,000 | 1,196,000 | 1,198,000 | 1,193,000 | 1,214,000 | 1,206,000 | 1,209,000 | 1,221,000 | 1,172,000 | 1,229,000 | 1,479,000 | 1,439,000 | 1,422,000 | 1,468,000 | 1,713,000 | 1,710,000 | 1,787,000 | 1,750,000 | 1,732,000 | 1,834,000 | 2,078,000 | 2,075,000 | 2,085,000 | |||||||||||||||||||
properties held-for-sale | 17,229,000 | 3,766,000 | 11,652,000 | 25,589,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 594 and 732 of deferred financing costs, respectively | 11,906,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 640 and 732 of deferred financing costs, respectively | 1,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 686 and 732 of deferred financing costs, respectively | 10,814,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,355 and 3,316 of deferred financing costs, respectively | 405,162,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 732 and 216 of deferred financing costs, respectively | 21,068,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,404 and 3,316 of deferred financing costs, respectively | 402,760,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 54 and 216 of deferred financing costs, respectively | 10,946,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,339 and 3,316 of deferred financing costs, respectively | 399,476,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 108 and 216 of deferred financing costs, respectively | 27,392,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,292 and 3,316 of deferred financing costs, respectively | 397,848,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 162 and 216 of deferred financing costs, respectively | 4,978,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,316 and 3,845 of deferred financing costs, respectively | 396,344,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 216 and 425 of deferred financing costs, respectively | 11,484,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -1,513,000 | -2,350,000 | -2,664,000 | -3,504,000 | -5,002,000 | -5,612,000 | -6,004,000 | -6,432,000 | -461,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,477 and 3,845 of deferred financing costs, respectively | 403,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 270 and 425 of deferred financing costs, respectively | 2,930,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,523 and 3,845 of deferred financing costs, respectively | 408,580,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 0 and 425 of deferred financing costs, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,684 and 3,845 of deferred financing costs, respectively | 424,271,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 377 and 425 of deferred financing costs, respectively | 15,073,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,845 and 4,438 of deferred financing costs, respectively | 429,704,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 425 and 619 of deferred financing costs, respectively | 12,525,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,007 and 4,438 of deferred financing costs, respectively | 433,088,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 478 and 619 of deferred financing costs, respectively | 16,672,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,255 and 4,438 of deferred financing costs, respectively | 444,437,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 516 and 619 of deferred financing costs, respectively | 30,334,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,420 and 4,438 of deferred financing costs, respectively | 447,337,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 567 and 619 of deferred financing costs, respectively | 30,283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
one liberty properties, inc. stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 337,000 | 337,000 | 379,000 | 416,000 | 429,000 | 530,000 | 647,000 | 572,000 | 836,000 | 1,031,000 | 1,108,000 | 1,210,000 | 1,335,000 | 1,845,000 | 1,894,000 | 7,812,000 | 7,780,000 | 7,687,000 | 7,500,000 | ||||||||||||||||||||||||||||||||||||||||
escrow, deposits, and other assets and receivables | 10,894,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,438 and 4,298 of deferred financing costs, respectively | 435,840,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 619 and 312 of deferred financing costs, respectively | 10,831,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,302 and 4,298 of deferred financing costs, respectively | 435,115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 670 and 312 of deferred financing costs, respectively | 18,780,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,352 and 4,298 of deferred financing costs, respectively | 434,151,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 156 and 312 of deferred financing costs, respectively | 31,994,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,529 and 4,298 of deferred financing costs, respectively | 438,977,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 234 and 312 of deferred financing costs, respectively | 5,766,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
one liberty properties, inc. stockholders’ equity: preferred stock, 1 par value; 12,500 shares authorized; none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unbilled rent receivable, net of allowance of 1,440 and 0, respectively | 13,407,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,029 and 3,789 of deferred financing costs, respectively | 402,978,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 0 and 624 of deferred financing costs, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated (distributions in excess of net income) undistributed net income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,758 and 3,789 of deferred financing costs, respectively | 391,599,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 468 and 624 of deferred financing costs, respectively | 19,832,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,803 and 3,789 of deferred financing costs, respectively | 389,282,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 546 and 624 of deferred financing costs, respectively | 20,354,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated undistributed net income | 527,000 | 7,544,000 | 8,492,000 | 6,454,000 | 14,912,000 | 17,857,000 | 12,506,000 | 17,925,000 | 20,613,000 | 23,352,000 | 16,614,000 | 19,970,000 | 21,278,000 | 26,203,000 | 28,440,000 | 26,139,000 | 28,319,000 | 14,836,000 | 13,966,000 | 17,325,000 | 19,343,000 | 23,734,000 | 19,138,000 | 15,988,000 | 21,404,000 | 23,023,000 | 25,217,000 | 34,075,000 | |||||||||||||||||||||||||||||||
mortgages payable, net of 3,960 and 4,294 of deferred financing costs, respectively | 397,093,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 702 and 936 of deferred financing costs, respectively | 5,698,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,936 and 4,294 of deferred financing costs, respectively | 395,284,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 780 and 936 of deferred financing costs, respectively | 25,720,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,985 and 4,294 of deferred financing costs, respectively | 392,656,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 858 and 936 of deferred financing costs, respectively | 4,142,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 4,118 and 3,373 deferred financing costs, respectively | 396,676,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 380 and 506 deferred financing costs, respectively | 22,420,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: - sum | 465,005,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,948 and 3,373 deferred financing costs, respectively | 351,849,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 422 and 506 deferred financing costs, respectively | 24,928,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable, net of 3,425 and 3,373 deferred financing costs, respectively | 321,761,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit, net of 464 and 506 deferred financing costs, respectively | 29,386,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unamortized deferred financing costs | 4,207,000 | 3,921,000 | 3,981,000 | 3,284,000 | 3,343,000 | 3,344,000 | 3,294,000 | 3,242,000 | 3,335,000 | 3,185,000 | 2,646,000 | 2,384,000 | 2,465,000 | 2,402,000 | 2,209,000 | 2,193,000 | 2,774,000 | ||||||||||||||||||||||||||||||||||||||||||
assets related to property held-for-sale | 2,836,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in brt realty trust at market | 264,000 | 266,000 | 260,000 | 260,000 | 241,000 | 241,000 | 259,000 | 231,000 | 234,000 | 219,000 | 171,000 | 107,000 | 258,000 | 421,000 | 521,000 | 907,000 | |||||||||||||||||||||||||||||||||||||||||||
non-controlling interests in joint ventures | 1,324,000 | 1,333,000 | 1,100,000 | 1,145,000 | 1,169,000 | 1,401,000 | 478,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit - outstanding | 3,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property contributed to joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
properties held for sale | 3,173,000 | 2,732,000 | 23,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages and loan payable | 210,545,000 | 209,807,000 | 213,252,000 | 222,523,000 | 223,541,000 | 227,078,000 | 226,753,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable - property held for sale | 6,923,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest in joint ventures | 472,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest in joint venture | 400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property held for sale | 942,000 | 10,052,000 | 10,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale securities | 353,000 | 367,000 | 729,000 | 9,212,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 218,676,000 | 220,203,000 | 180,157,000 | 173,214,000 | 166,257,000 | 169,573,000 | 171,241,000 | 171,361,000 | 180,217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 451,902,000 | 437,346,000 | 425,435,000 | 420,862,000 | 429,973,000 | 439,792,000 | 407,922,000 | 418,137,000 | 420,593,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments, at cost - sum | 450,641,000 | 424,561,000 | 393,003,000 | 429,433,000 | 374,488,000 | 368,118,000 | 379,855,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
11,131 and 10,879 shares issued and outstanding | 11,131,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets related to properties held for sale | 1,824,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgages payable-properties held for sale | 9,069,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10,629 and 9,962 shares issued and outstanding | 10,629,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
escrow, deposits and other receivables | 1,781,000 | 1,528,000 | 2,001,000 | 1,957,000 | 2,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 936,000 | 1,067,000 | 2,628,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 2,756,000 | 3,022,000 | 3,265,000 | 3,586,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets (including available-for-sale securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at market of 461 and 1,024) | 1,043,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value; 12,500 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9,957 and 9,906 shares issued and outstanding | 9,957,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income – net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities | 83,000 | 437,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income – net unrealized gain on available-for-sale securities | 247,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at market of 1,716 and 1,372) | 2,639,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value; | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12,500 shares authorized; none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized; 9,846 and 9,823 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding | 9,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income - net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income - net unrealized gain on available-for-sale securities | 863,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-12-31 | 2007-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 6,240,000 | 2,415,000 | 11,105,000 | 9,418,000 | 4,169,000 | 10,552,000 | 5,189,000 | 9,677,000 | 5,380,000 | 15,202,000 | 2,769,000 | 6,539,000 | 5,408,000 | 8,907,000 | 7,221,000 | 16,785,000 | 9,340,000 | 6,533,000 | 6,212,000 | 23,332,000 | 2,957,000 | 3,571,000 | 13,726,000 | 2,285,000 | 7,831,000 | 4,878,000 | 5,097,000 | 4,558,000 | 4,011,000 | 10,182,000 | 4,546,000 | 6,653,000 | 7,128,000 | 9,993,000 | 2,886,000 | 4,324,000 | 12,458,000 | 3,285,000 | 3,791,000 | 3,714,000 | 9,207,000 | 2,647,000 | 4,662,000 | 3,300,000 | 3,228,000 | 7,752,000 | 3,449,000 | 18,420,000 | 5,753,000 | 3,226,000 | 2,765,000 | 5,453,000 | 2,421,000 | 2,653,000 | 2,779,000 | 2,334,000 | 3,146,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | -3,876,000 | -1,977,000 | -9,071,000 | -6,531,000 | -1,110,000 | -6,660,000 | -2,115,000 | -7,448,000 | -1,784,000 | -11,962,000 | -332,000 | -3,180,000 | -1,534,000 | 0 | -4,063,000 | -8,050,000 | -4,649,000 | -2,695,000 | -1,277,000 | -2,712,000 | -10,316,000 | 0 | -4,252,000 | -684,000 | |||||||||||||||||||||||||||||||||
increase in net amortization and write-off of unbilled rental income | -374,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization and write-off of intangibles relating to leases | -334,000 | -240,000 | -233,000 | -276,000 | -252,000 | -270,000 | -275,000 | -287,000 | -378,000 | -254,000 | -244,000 | -214,000 | -221,000 | -179,000 | -166,000 | -208,000 | -232,000 | -224,000 | -183,000 | -183,000 | -190,000 | -205,000 | |||||||||||||||||||||||||||||||||||
amortization of restricted stock and rsu compensation expense | 1,267,000 | 1,292,000 | 1,399,000 | 1,296,000 | 1,346,000 | 1,275,000 | 1,248,000 | 1,167,000 | 1,272,000 | 1,264,000 | 1,211,000 | 1,564,000 | 1,328,000 | 1,317,000 | 1,306,000 | 1,559,000 | 1,325,000 | ||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 8,570,000 | 7,126,000 | 6,698,000 | 6,827,000 | 6,545,000 | 6,172,000 | 6,133,000 | 5,965,000 | 6,021,000 | 6,220,000 | 6,310,000 | 6,114,000 | 6,145,000 | 6,063,000 | 5,970,000 | 5,905,000 | 5,843,000 | 5,777,000 | 5,596,000 | 5,702,000 | 5,757,000 | 5,763,000 | 5,723,000 | 5,804,000 | 5,674,000 | 5,673,000 | 5,566,000 | 5,440,000 | 5,347,000 | 5,672,000 | 5,250,000 | 5,182,000 | 5,115,000 | 5,190,000 | 5,553,000 | 4,663,000 | 4,398,000 | 4,185,000 | 4,435,000 | 3,921,000 | 3,734,000 | 3,685,000 | 3,723,000 | 3,577,000 | 3,020,000 | 2,716,000 | 2,670,000 | 2,521,000 | 2,567,000 | 2,509,000 | 2,424,000 | 2,576,000 | 2,135,000 | 2,359,000 | 2,051,000 | 2,029,000 | 2,087,000 |
amortization and write-off of deferred financing costs | 323,000 | 254,000 | 241,000 | 277,000 | 233,000 | 227,000 | 225,000 | 290,000 | 226,000 | 220,000 | 212,000 | 198,000 | 278,000 | 216,000 | 245,000 | 296,000 | 213,000 | 216,000 | 301,000 | 216,000 | 243,000 | 256,000 | 252,000 | 255,000 | 232,000 | 220,000 | 221,000 | 228,000 | 263,000 | 227,000 | 227,000 | 189,000 | 211,000 | 244,000 | |||||||||||||||||||||||
payment of leasing commissions | -223,000 | -110,000 | -123,000 | -153,000 | -106,000 | -186,000 | -273,000 | -169,000 | -4,000 | -256,000 | -320,000 | 0 | -179,000 | -1,460,000 | -71,000 | -232,000 | -798,000 | -822,000 | -53,000 | -484,000 | -71,000 | -46,000 | -151,000 | 0 | -38,000 | -257,000 | |||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint ventures included in other income | 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in escrow, deposits, other assets and receivables | 609,000 | 358,000 | 1,540,000 | 117,000 | -100,000 | -1,701,000 | 740,000 | -270,000 | -927,000 | -556,000 | 5,571,000 | -4,807,000 | -638,000 | -36,000 | -1,375,000 | 1,823,000 | -2,444,000 | 6,213,000 | 1,167,000 | 816,000 | -1,875,000 | -2,390,000 | 303,000 | -34,000 | -520,000 | -707,000 | 143,000 | 1,099,000 | |||||||||||||||||||||||||||||
decrease in accrued expenses and other liabilities | -985,000 | 391,000 | -942,000 | 299,000 | -2,230,000 | 196,000 | -1,251,000 | -436,000 | -648,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 11,223,000 | 4,423,000 | 10,873,000 | 11,228,000 | 10,996,000 | 11,568,000 | 9,969,000 | 8,615,000 | 8,907,000 | 9,971,000 | 11,152,000 | 10,218,000 | 14,712,000 | 9,377,000 | 11,031,000 | 14,958,000 | 8,831,000 | 12,001,000 | 9,439,000 | 15,668,000 | 11,453,000 | 9,447,000 | 7,560,000 | 8,068,000 | 10,051,000 | 8,382,000 | 9,942,000 | 6,335,000 | 6,815,000 | 9,336,000 | 7,248,000 | 6,457,000 | 6,529,000 | 6,544,000 | 5,073,000 | 5,029,000 | 4,983,000 | 6,146,000 | 5,424,000 | 4,365,000 | 4,708,000 | 4,366,000 | 4,777,000 | 4,032,000 | |||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
free cash flows | 11,223,000 | 4,423,000 | 10,873,000 | 11,228,000 | 10,996,000 | 11,568,000 | 9,969,000 | 8,615,000 | 8,907,000 | 9,971,000 | 11,152,000 | 10,218,000 | 14,712,000 | 9,377,000 | 11,031,000 | 14,958,000 | 8,831,000 | 12,001,000 | 9,439,000 | 15,668,000 | 11,453,000 | 9,447,000 | 7,560,000 | 8,068,000 | 10,051,000 | 8,382,000 | 9,942,000 | 6,335,000 | 6,815,000 | 9,336,000 | 7,248,000 | 6,457,000 | 6,529,000 | 6,544,000 | 5,073,000 | 5,029,000 | 4,983,000 | 6,146,000 | 5,424,000 | 4,365,000 | 4,708,000 | 4,366,000 | 4,777,000 | 4,032,000 | |||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of real estate | -57,087,000 | -77,553,000 | -24,087,000 | 0 | -88,838,000 | 0 | -33,079,000 | 0 | -11,329,000 | 0 | -31,722,000 | -8,166,000 | -8,043,000 | -9,430,000 | 0 | 0 | 0 | -28,504,000 | -9,581,000 | ||||||||||||||||||||||||||||||||||||||
improvements to real estate | -1,817,000 | -1,411,000 | -1,014,000 | -443,000 | -1,566,000 | -1,480,000 | -746,000 | -649,000 | -844,000 | -979,000 | -1,024,000 | -2,138,000 | -725,000 | -1,045,000 | -1,106,000 | -645,000 | -1,778,000 | -1,056,000 | -529,000 | -2,009,000 | -512,000 | -405,000 | -367,000 | -156,000 | -109,000 | -535,000 | |||||||||||||||||||||||||||||||
net proceeds from sale of real estate | 9,765,000 | 21,608,000 | 17,941,000 | 25,998,000 | 3,456,000 | 20,967,000 | 12,949,000 | 21,815,000 | 2,670,000 | 27,654,000 | 3,116,000 | 5,993,000 | 4,076,000 | 0 | 7,829,000 | 12,869,000 | 9,555,000 | 5,471,000 | 7,723,000 | 4,343,000 | 17,977,000 | 0 | 7,093,000 | 17,594,000 | 17,853,000 | 8,459,000 | 0 | 8,958,000 | 14,920,000 | 13,750,000 | 0 | 0 | 16,025,000 | 0 | 0 | 5,177,000 | 17,775,000 | 0 | 1,764,000 | ||||||||||||||||||
distributions of capital from unconsolidated joint venture included in other assets | 26,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -49,113,000 | -57,598,000 | -6,266,000 | 27,319,000 | -86,338,000 | 19,431,000 | -20,876,000 | 9,324,000 | 1,826,000 | 33,545,000 | -7,128,000 | 3,634,000 | 2,904,000 | -12,572,000 | 6,567,000 | -19,570,000 | 258,000 | -3,596,000 | -2,110,000 | 29,719,000 | -642,000 | 3,979,000 | 17,759,000 | 115,000 | -21,520,000 | 7,478,000 | 34,000 | 13,928,000 | -5,642,000 | 1,789,000 | -1,014,000 | 382,000 | -291,000 | ||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage financings | 17,002,000 | 66,600,000 | 14,000,000 | 0 | 52,121,000 | 10,000,000 | 33,925,000 | 6,213,000 | 28,000,000 | 13,000,000 | 0 | 18,650,000 | 4,800,000 | 0 | 27,351,000 | 0 | 6,100,000 | 0 | 0 | 0 | 18,200,000 | 17,490,000 | 9,275,000 | 0 | 23,545,000 | 17,313,000 | 5,650,000 | 7,900,000 | 16,020,000 | 47,402,000 | 40,350,000 | 23,350,000 | 25,237,000 | 12,500,000 | 28,268,000 | 17,743,000 | 1,361,000 | 27,735,000 | 52,534,000 | 5,867,000 | 2,000,000 | 25,001,000 | 4,960,000 | 8,857,000 | 1,004,000 | -1,000,000 | 3,000,000 | 2,559,000 | |||||||||
repayments of mortgage financings | -2,075,000 | -4,468,000 | -966,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
scheduled amortization payments of mortgages payable | -2,772,000 | -2,734,000 | -2,712,000 | -2,746,000 | -2,797,000 | -2,925,000 | -2,969,000 | -3,028,000 | -3,046,000 | -3,121,000 | -3,110,000 | -3,096,000 | -3,078,000 | -3,023,000 | -2,988,000 | -3,233,000 | -3,380,000 | -3,367,000 | -3,476,000 | -3,594,000 | -3,520,000 | -3,546,000 | -3,114,000 | -3,065,000 | -3,389,000 | -3,471,000 | |||||||||||||||||||||||||||||||
proceeds from bank line of credit | 38,000,000 | 0 | 0 | 15,800,000 | 5,000,000 | 10,000,000 | 14,000,000 | 8,500,000 | 8,400,000 | 13,800,000 | 0 | 31,500,000 | 8,000,000 | 8,500,000 | 3,200,000 | 7,000,000 | 2,500,000 | 0 | 0 | 0 | 41,500,000 | 6,400,000 | 14,500,000 | 29,650,000 | 4,000,000 | 3,500,000 | 5,000,000 | 20,000,000 | 8,000,000 | 46,500,000 | 19,000,000 | 20,500,000 | 9,500,000 | 6,000,000 | 29,900,000 | 0 | 24,000,000 | 3,500,000 | 23,500,000 | 0 | 3,500,000 | 0 | 0 | 9,300,000 | 15,500,000 | ||||||||||||
repayments on bank line of credit | -6,000,000 | 0 | -6,800,000 | -22,500,000 | -4,000,000 | -17,500,000 | -18,700,000 | -3,000,000 | -16,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
issuance of shares through dividend reinvestment plan | 142,000 | 180,000 | 179,000 | 189,000 | 187,000 | 185,000 | 449,000 | 1,463,000 | 1,435,000 | 1,433,000 | 1,111,000 | 1,098,000 | 1,074,000 | 1,053,000 | 1,018,000 | 163,000 | 161,000 | 114,000 | 0 | 0 | 860,000 | 166,000 | 1,393,000 | 1,532,000 | 1,588,000 | 1,199,000 | 1,587,000 | 1,502,000 | 1,181,000 | 1,212,000 | 1,173,000 | 972,000 | 880,000 | 667,000 | 641,000 | 1,330,000 | 1,170,000 | 585,000 | 1,064,000 | 1,005,000 | 1,294,000 | 728,000 | 1,129,000 | 1,149,000 | 631,000 | 938,000 | 951,000 | 964,000 | 783,000 | 2,840,000 | 471,000 | ||||||
payment of financing costs | -340,000 | -970,000 | -135,000 | 0 | -591,000 | -255,000 | -302,000 | -121,000 | -449,000 | -267,000 | -79,000 | -252,000 | -118,000 | -830,000 | -285,000 | -429,000 | -125,000 | -3,000 | -143,000 | -80,000 | -6,000 | 0 | -16,000 | -8,000 | -165,000 | -349,000 | 160,000 | -194,000 | -59,000 | -29,000 | -685,000 | ||||||||||||||||||||||||||
distributions to non-controlling interests | -8,000 | -7,000 | -807,000 | -1,712,000 | -63,000 | -13,000 | -7,000 | -202,000 | -94,000 | -209,000 | -8,000 | -7,000 | -9,000 | -10,000 | -1,000 | -8,000 | -33,000 | -8,000 | -425,000 | -11,000 | -13,000 | -22,000 | -5,000 | -5,000 | -8,000 | -21,000 | |||||||||||||||||||||||||||||||
cash distributions to common stockholders | -141,000 | -9,738,000 | -9,914,000 | -9,714,000 | -9,641,000 | -9,622,000 | -9,809,000 | -9,564,000 | -9,466,000 | -9,505,000 | -9,571,000 | -9,573,000 | -9,483,000 | -9,460,000 | -9,461,000 | -9,504,000 | -9,422,000 | -9,398,000 | -9,330,000 | -9,329,000 | -9,261,000 | -6,901,000 | -4,537,000 | -9,038,000 | -8,965,000 | -8,943,000 | |||||||||||||||||||||||||||||||
net cash from financing activities | 43,808,000 | 48,863,000 | -7,155,000 | -27,419,000 | 40,677,000 | -14,210,000 | 1,090,000 | -9,651,000 | -10,104,000 | -22,408,000 | -6,801,000 | -10,370,000 | -17,114,000 | -1,470,000 | -23,702,000 | 10,839,000 | -13,936,000 | -6,174,000 | -9,585,000 | -40,717,000 | -12,354,000 | -14,669,000 | -29,845,000 | -11,256,000 | 21,907,000 | -15,115,000 | -19,981,000 | 21,606,000 | -10,864,000 | 67,636,000 | 1,188,000 | 228,000 | -8,429,000 | 10,117,000 | -1,418,000 | -1,560,000 | -4,219,000 | -14,407,000 | -5,062,000 | ||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 5,918,000 | 11,128,000 | -34,665,000 | 16,789,000 | -9,817,000 | 8,288,000 | 629,000 | 21,108,000 | -2,777,000 | 3,482,000 | 502,000 | -4,665,000 | -6,104,000 | 2,231,000 | -2,256,000 | 4,670,000 | -1,543,000 | -1,243,000 | -4,526,000 | -3,073,000 | 10,438,000 | 745,000 | |||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | 15,084,000 | 0 | 0 | 0 | 45,481,000 | 0 | 0 | 0 | 29,592,000 | 0 | 0 | 0 | 7,277,000 | 0 | 0 | 0 | 16,666,000 | 0 | 0 | 0 | 13,564,000 | 0 | 0 | 0 | 11,968,000 | 0 | 0 | 0 | 16,733,000 | 0 | 0 | 14,668,000 | |||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 21,002,000 | -2,548,000 | 11,128,000 | 10,816,000 | -9,817,000 | 8,288,000 | 30,221,000 | -2,777,000 | 3,482,000 | 7,779,000 | -6,104,000 | 6,227,000 | 11,819,000 | -2,256,000 | 4,670,000 | 12,021,000 | -4,526,000 | -3,073,000 | 22,406,000 | -6,857,000 | 4,367,000 | 13,713,000 | 4,066,000 | -780,000 | 14,518,000 | ||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for interest expense | 6,719,000 | 5,572,000 | 5,725,000 | 5,200,000 | 4,861,000 | 4,722,000 | 4,741,000 | 4,681,000 | 4,628,000 | 4,630,000 | 4,315,000 | 4,341,000 | 4,332,000 | 4,478,000 | 5,455,000 | 4,613,000 | 5,910,000 | 4,809,000 | 4,844,000 | 5,225,000 | 4,973,000 | 4,939,000 | 4,297,000 | ||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing activity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocation - intangible lease assets | 4,989,000 | 1,893,000 | 0 | 7,888,000 | 2,512,000 | 0 | 2,248,000 | 568,000 | 701,000 | 0 | 0 | 0 | 3,905,000 | ||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocation - intangible lease liabilities | -1,310,000 | 0 | 0 | -1,155,000 | -1,706,000 | 0 | -883,000 | -269,000 | 0 | 0 | 0 | -568,000 | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing activity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to common stockholders from other assets | -9,599,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in net amortization of unbilled rental income | -526,000 | -418,000 | -328,000 | -402,000 | -519,000 | -562,000 | -221,000 | -283,000 | -324,000 | -375,000 | -530,000 | -669,000 | |||||||||||||||||||||||||||||||||||||||||||||
write-off of unbilled rent receivable | 0 | 0 | 203,000 | 0 | 99,000 | 263,000 | 0 | 89,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
equity in (earnings) loss of unconsolidated joint ventures | -56,000 | -112,000 | -116,000 | -132,000 | 10,000 | -64,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (earnings) loss from sale of unconsolidated joint venture properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from unconsolidated joint ventures | 0 | -7,000 | 2,000 | 137,000 | 1,203,000 | 0 | 100,000 | 92,000 | 0 | 56,000 | 0 | 2,240,000 | 37,000 | 51,000 | 188,000 | 174,000 | 222,000 | 361,000 | 189,000 | 205,000 | 71,000 | 182,000 | 212,000 | 110,000 | 176,000 | 113,000 | 108,000 | 406,000 | 454,000 | 120,000 | 114,000 | 122,000 | 109,000 | 99,000 | 100,000 | 135,000 | 145,000 | 112,000 | 124,000 | ||||||||||||||||||
increase in accrued expenses and other liabilities | 1,486,000 | 873,000 | -291,000 | 291,000 | 1,653,000 | -379,000 | -377,000 | 255,000 | 38,000 | 617,000 | 102,000 | -464,000 | 178,000 | 894,000 | 69,000 | 999,000 | -204,000 | 316,000 | -149,000 | ||||||||||||||||||||||||||||||||||||||
investments in ground leased property | -242,000 | -32,000 | -52,000 | -10,000 | -56,000 | 0 | -264,000 | 0 | -221,000 | -447,000 | -198,000 | -156,000 | -72,000 | -271,000 | -393,000 | -221,000 | -702,000 | -430,000 | |||||||||||||||||||||||||||||||||||||||
net proceeds from repayment of loan receivable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of capital from unconsolidated joint ventures | 0 | 0 | 157,000 | 30,000 | 111,000 | 52,000 | 80,000 | 173,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -3,039,000 | -5,144,000 | 0 | -1,822,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock | 0 | 0 | 0 | 563,000 | 1,890,000 | -56,000 | -58,000 | 4,275,000 | 1,039,000 | 912,000 | 2,418,000 | 14,000 | 635,000 | 8,490,000 | 4,460,000 | 1,347,000 | 1,840,000 | 471,000 | 2,660,000 | 644,000 | 191,000 | ||||||||||||||||||||||||||||||||||||
capital contribution from non-controlling interest | 0 | 0 | 0 | 43,000 | 20,000 | 0 | 663,000 | 25,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint ventures | -24,000 | -51,000 | -25,000 | -43,000 | -53,000 | -60,000 | -85,000 | -90,000 | -127,000 | -124,000 | -160,000 | -145,000 | -144,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity in earnings from sale of unconsolidated joint venture properties | -4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in escrow, deposits, other assets and receivables | 495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -4,847,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of capital from unconsolidated joint venture | 0 | 620,000 | 41,000 | -1,000 | 0 | 0 | 11,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of mortgages payable | -3,539,000 | -12,621,000 | -20,197,000 | -4,412,000 | -26,527,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss from sale of unconsolidated joint venture property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance recovery proceeds due to casualty loss | 0 | 0 | 0 | 918,000 | 425,000 | 250,000 | 0 | 300,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocation - mortgage intangible asset | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage payable upon acquisition of property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities adjustment from the reassessment of right of use assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from unconsolidated joint venture | 171,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss (earnings) of unconsolidated joint ventures | 143,000 | -20,000 | 22,000 | -50,000 | -34,000 | 116,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss (earnings) from sale of unconsolidated joint venture properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of mortgages payable | -8,200,000 | 0 | 0 | -21,014,000 | -3,902,000 | -7,798,000 | -16,758,000 | -2,074,000 | 0 | -3,332,000 | -13,158,000 | -3,776,000 | -1,543,000 | -1,265,000 | -5,043,000 | -1,170,000 | |||||||||||||||||||||||||||||||||||||||||
capital contributions from non-controlling interest | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangibles relating to leases | -224,000 | -189,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 202,000 | 205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment due to casualty loss | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in unbilled rent receivable | -155,000 | -52,000 | -502,000 | -788,000 | -380,000 | -376,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings from sale of unconsolidated joint venture property | 0 | 0 | 0 | -121,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in unbilled rent receivable | -709,000 | -378,000 | 26,000 | 95,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of mortgage payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage financing | 4,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment on bank line of credit | -14,560,000 | 0 | 0 | -4,200,000 | -13,700,000 | 0 | -22,100,000 | -14,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
contributions of capital to unconsolidated joint venture | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of restricted stock and rsu expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities arising from the recognition of right of use assets | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividend - portion paid in shares of common stock | 2,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on derivative instrument reclassified into prepayment costs on debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of restricted stock expense | 1,685,000 | 1,343,000 | 1,245,000 | 1,136,000 | 1,329,000 | 976,000 | 1,036,000 | 942,000 | 938,000 | 954,000 | 971,000 | 856,000 | 826,000 | 684,000 | 915,000 | 742,000 | 770,000 | 740,000 | 666,000 | 580,000 | 585,000 | 577,000 | 448,000 | 448,000 | 472,000 | 366,000 | 369,000 | 397,000 | 323,000 | 284,000 | 302,000 | 249,000 | 271,000 | 250,000 | 217,000 | 206,000 | 207,000 | 159,000 | |||||||||||||||||||
bad debt expense | 0 | 14,000 | 296,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for interest expense and prepayment costs on debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan receivable in connection with sale of property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of mortgages payable upon sale of properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings from sale of of unconsolidated joint venture properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital contributions from non-controlling interests | 50,000 | 0 | 0 | 10,000 | 471,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the year for interest expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental schedule of non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use assets and related lease liabilities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocation—intangible lease assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocation—intangible lease liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for unbilled rent receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | 10,196,000 | 8,115,000 | 10,830,000 | 9,923,000 | 10,478,000 | 9,743,000 | 10,268,000 | 6,046,000 | 5,589,000 | 8,864,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use asset and related lease liability | 0 | 4,381,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocation — intangible lease assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocation — intangible lease liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in escrow, deposits, other assets and receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) increase in accrued expenses and other liabilities | 494,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on derivative instrument reclassified into interest expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payment) refund of financing costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) provided by financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in escrow, deposits, other assets and receivables | 160,000 | -407,000 | 249,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on available-for-sale securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment costs on debt | 568,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in accrued expenses and other liabilities | 826,000 | -20,000 | 571,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of available-for-sale securities | 0 | 0 | 0 | 0 | 19,000 | 0 | 0 | 369,000 | 1,994,000 | 519,000 | 682,000 | 158,000 | |||||||||||||||||||||||||||||||||||||||||||||
net (decrease) increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | 17,420,000 | 0 | 0 | 12,736,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 542,000 | 1,143,000 | 13,241,000 | -17,912,000 | 25,020,000 | 10,537,000 | -3,246,000 | -6,011,000 | 23,153,000 | -4,079,000 | 2,170,000 | 16,168,000 | -22,028,000 | 24,546,000 | 16,385,000 | 81,000 | -1,844,000 | 17,197,000 | -3,017,000 | -13,894,000 | 25,341,000 | 15,884,000 | 24,870,000 | 32,692,000 | |||||||||||||||||||||||||||||||||
refund (payment) of financing costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | 44,792,000 | 25,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -867,000 | -1,321,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase price fair value adjustment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in rental income and tenant reimbursements resulting from bad debt expense | 0 | 37,000 | 153,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sales of real estate | 156,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of partner’s interest in unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures | -3,000 | -39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital contribution from non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash and cash equivalents | -17,912,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale - investment in brt realty trust | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization and write-off of financing costs | 187,000 | 186,000 | 455,000 | 275,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds on sale — investment in brt realty trust | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of return of capital from unconsolidated joint ventures | 28,000 | 158,000 | 575,000 | 3,000 | 43,000 | 7,000 | 113,000 | 5,279,000 | 5,000 | 11,000 | 35,000 | 49,000 | 35,000 | 19,000 | 4,000 | 32,000 | 1,327,000 | 87,000 | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 20,344,000 | 0 | 0 | 16,631,000 | 0 | 0 | 14,577,000 | 0 | 0 | 12,668,000 | 0 | -20,304,000 | 28,036,000 | 10,947,000 | 25,737,000 | 34,013,000 | |||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in rental income from straight-lining of rent | -431,000 | -237,000 | -330,000 | -57,000 | -620,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in rental income from amortization of intangibles relating to leases | -57,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional investment in unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 2,809,000 | -22,028,000 | 24,546,000 | 1,808,000 | 81,000 | -1,844,000 | 4,529,000 | -3,017,000 | 6,410,000 | -2,695,000 | 4,937,000 | -9,248,000 | |||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of real estate held by unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale - unconsolidated joint venture interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of available-for-sale securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from disposition of unconsolidated joint venture interest | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to non-controlling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization and write off of financing costs | 240,000 | 223,000 | 226,000 | 213,000 | 209,000 | 201,000 | 197,000 | 186,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition-real estate held by unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale-unconsolidated joint venture interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in rental income resulting from bad debt recovery | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in rental income resulting from bad debt expense | 17,000 | 6,000 | 446,000 | 62,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on settlement of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in rental income from amortization of intangibles relating to leases | 8,000 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of real estate and improvements | -5,890,000 | -4,000 | -2,821,000 | -385,000 | -30,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock offering | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate and available-for-sale securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net earnings of unconsolidated joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid tenant improvement allowance | -1,750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses associated with stock issuance | -35,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge on property sold at a loss | 229,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) increase in rental income from amortization of intangibles relating to leases | -3,000 | 24,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of financing costs | 142,000 | 281,000 | 158,000 | 159,000 | 161,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of financing costs, including mortgage assumption fees | -360,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions - common stock | -247,000 | -10,348,000 | -3,587,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | -143,000 | -1,772,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for interest | 3,246,000 | 4,188,000 | 3,673,000 | 3,565,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental schedule of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividend – portion paid in shares of company’s common stock | 2,209,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgage payable in connection with purchase of real estate | 17,654,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocation – intangible lease assets | 2,633,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of excess unimproved land, real estate and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on troubled mortgage restructuring, as a result of conveyance to mortgagee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in rental income from amortization of intangibles relating to leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of non-qualifying interest rate swap | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on dispositions of real estate related to unconsolidated joint ventures | -297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of real estate and excess unimproved land | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of available-for-sale securities | -16,000 | -506,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowing on bank line of credit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of mortgages and loan payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of real estate of unconsolidated joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in escrow, deposits and other assets and receivables | -272,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) in accrued expenses and other liabilities | -521,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | -38,000 | -55,000 | -91,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions – common stock | -2,239,000 | -3,640,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
assumption of mortgages payable in connection with purchase of real estate | 2,771,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocations – intangible lease assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocations – intangible lease liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocations – mortgage payable discount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of excess unimproved land and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in rental income from amortization of intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
relating to leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of real estate related to unconsolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in escrow, deposits and other receivables | 504,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accrued expenses and other liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of excess unimproved land | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale | -117,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase accounting allocations | -386,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate, air rights and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in rental income from amortization of intangibles relating to leases | -63,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for valuation adjustment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in escrow, deposits and other receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of real estate, air rights and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of bank line of credit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgages payable | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercise of stock options | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in rental income from amortization of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangibles relating to leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on dispositions of real estate related to unconsolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in escrow, deposits and other receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of return of capital from unconsolidated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of option to purchase property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of 2005 deposit in connection with purchase of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of real estate related to unconsolidated joint venture | -583,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in escrow, deposits and other receivables | 31,000 |
