One liberty properties, inc. (OLP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Rental income, net

21,239

22,448

20,414

20,719

21,155

20,270

19,570

19,752

19,534

19,894

19,137

18,413

18,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,021

17,233

16,344

18,495

16,108

15,782

15,326

15,223

15,187

15,665

14,402

14,166

12,970

11,981

11,862

10,600

11,333

11,102

10,758

8,052

10,755

10,964

11,103

10,466

10,323

Operating expenses:
Depreciation and amortization

5,674

5,673

5,566

5,440

5,347

8,051

5,672

5,250

5,182

5,135

5,115

5,190

5,553

4,918

4,663

4,398

4,185

4,294

4,435

3,921

3,734

3,677

3,685

3,723

3,577

3,621

2,983

2,681

2,634

2,385

2,426

2,410

2,343

1,879

2,334

2,254

2,325

2,155

2,091

General and administrative (see Note 9 for related party information)

3,334

3,123

3,143

3,005

3,171

2,938

3,071

2,969

2,959

2,870

2,701

2,893

2,815

2,732

2,681

2,671

2,609

2,395

2,350

2,390

2,392

2,298

2,153

2,134

2,211

1,959

1,938

1,944

1,960

1,854

1,873

1,749

1,841

1,542

1,804

1,903

1,600

1,545

1,913

Real estate expenses (see Note 9 for related party information)

3,342

3,530

3,692

3,511

3,341

3,668

2,592

2,592

2,744

3,280

2,689

2,371

2,704

2,409

2,188

2,159

2,175

2,025

1,415

1,273

1,334

1,347

1,085

877

1,098

839

851

751

772

679

640

677

622

552

553

615

611

396

485

Real estate acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

162

244

204

32

90

79

248

268

83

88

40

100

544

126

151

564

93

123

43

37

131

18

27

224

168

State taxes

82

93

68

108

79

84

59

154

73

79

90

224

88

6

43

78

76

77

68

124

74

313

6

107

62

36

-7

184

42

323

38

47

49

-

-

-

-

-

-

Leasehold rent

-

-

-

-

-

-

77

-

-

-

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

77

Impairment loss

-

-

-

-

-

-

-

-

-

-

153

-

-

-

-

-

-

-

-

-

-

-

1,093

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

12,432

12,419

12,469

12,064

11,938

14,664

11,471

10,965

10,958

11,133

10,825

10,755

11,237

10,128

9,814

9,627

9,326

8,900

8,435

7,864

7,859

7,980

8,182

7,006

7,065

6,632

6,386

5,763

5,636

5,882

5,147

5,083

4,975

4,255

4,899

4,867

4,640

4,397

4,734

Other operating income
Income before gain on sale of real estate, net

-

-

-

-

-

-

-

-

-

-

-

3,425

2,886

-

4,204

3,541

2,498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate, net

4,252

-

2,544

1,099

-

-1,731

4,585

0

2,408

-

3,269

6,568

-

263

119

8,918

787

0

0

0

5,392

-

-

-

-

-

-

-

-

0

0

0

319

-

-

-

-

-

107

Operating income

13,059

10,713

10,489

9,754

9,217

3,875

12,684

8,787

10,984

15,329

11,581

7,658

7,235

18,949

8,207

7,606

7,018

9,595

7,673

7,918

7,467

7,243

7,005

8,659

7,337

7,534

6,584

6,218

6,226

4,718

6,186

6,019

5,783

3,797

5,856

6,097

6,463

6,069

5,589

Other income and expenses:
Equity in earnings (loss) of unconsolidated joint ventures

64

48

50

34

-116

588

173

348

195

163

212

206

245

211

228

357

209

101

347

-183

147

136

134

130

133

138

122

57

334

352

268

534

214

673

105

105

31

101

128

Equity in earnings from sale of unconsolidated joint venture property

121

-

-

-

-

-

1,986

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase price fair value adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayment costs on debt

-290

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-154

-423

0

0

0

-568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of real estate - unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,807

-

-

-

-

-

-

-

-

-

-

-

Gain on sale - unconsolidated joint venture interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,898

-

-

-

-

-

-

-

-

-

-

-

Gain on sale - investment in BRT Realty Trust (related party)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on settlement of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,240

-

-

-

Other income

4

-10

8

6

4

703

7

6

4

8

57

320

22

4

362

56

13

31

2

72

3

9

10

2

8

7

10

11

69

12

6

209

14

-96

9

40

12

40

174

Interest:
Expense

4,884

4,790

5,198

4,981

4,862

4,667

4,448

4,445

4,302

4,229

4,459

4,532

4,389

4,665

4,404

4,114

4,075

4,337

4,044

3,907

3,739

4,090

4,227

4,035

3,953

4,046

3,409

3,158

3,103

2,779

3,261

3,308

3,184

2,414

3,150

3,224

3,641

3,658

3,701

Amortization and write-off of deferred financing costs

243

256

252

255

232

316

220

221

228

260

263

227

227

261

189

210

244

195

187

186

455

296

275

228

238

228

223

226

213

204

198

188

184

151

177

174

313

160

150

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,601

2,647

4,662

3,287

3,405

3,084

7,607

3,313

2,099

3,001

3,266

2,962

1,809

2,643

4,084

2,552

2,392

2,147

Income from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

369

283

-

-

122

126

-

219

252

Net gain on sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,050

2,205

-

-

-

932

-

235

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

13

90

144

145

136

2,809

15,419

2,488

264

1,272

122

1,058

180

454

252

Net income

7,831

4,878

5,097

4,558

4,011

183

10,182

4,546

6,653

4,242

7,128

9,993

2,886

4,414

4,323

12,459

3,285

5,195

3,791

3,714

9,207

11,601

2,647

4,662

3,300

3,495

3,228

7,752

3,449

4,908

18,420

5,754

3,226

3,081

2,765

5,142

2,732

-

2,399

Net income attributable to non-controlling interests

5

68

-21

446

40

33

35

29

802

37

23

21

21

19

24

18

-2

4

3

32

1,351

18

27

22

27

17

17

16

-1

-25

6

4

3

-

-

-

-

-

-

Net income attributable to One Liberty Properties, Inc.

7,826

4,810

5,118

4,112

3,971

150

10,147

4,517

5,851

4,205

7,105

9,972

2,865

4,395

4,299

12,441

3,287

5,191

3,788

3,682

7,856

11,583

2,620

4,640

3,273

3,478

3,211

7,736

3,450

4,933

18,414

5,750

3,223

3,085

2,765

5,142

2,732

2,846

-

Weighted average number of common shares outstanding:
Basic (in shares)

19,361

19,252

19,191

19,023

18,894

18,739

18,646

18,519

18,396

18,201

18,000

17,824

17,751

17,260

16,845

16,579

16,388

16,211

16,014

15,883

15,776

15,728

15,650

15,518

15,356

15,183

15,093

14,844

14,672

14,598

14,443

14,378

14,289

13,866

14,143

14,078

13,117

11,160

11,453

Diluted (in shares)

19,374

19,115

19,239

19,129

18,993

18,620

18,705

18,593

18,434

18,306

18,079

17,938

17,865

17,385

16,962

16,686

16,495

16,343

16,114

15,983

15,876

15,828

15,750

15,618

15,456

15,283

15,193

14,944

14,772

14,698

14,543

14,478

14,389

13,966

14,143

14,178

13,117

11,197

11,453

Per common share attributable to common stockholders:
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

0.19

0.50

0.21

0.15

0.20

0.22

0.20

0.10

0.18

0.29

0.20

0.21

0.19

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.01

0.01

0.18

1.04

0.17

0.02

0.10

0.01

0.07

0.01

0.04

0.02

Basic (in dollars per share)

0.39

0.24

0.25

0.20

0.19

-0.01

0.53

0.23

0.30

0.22

0.38

0.54

0.15

0.25

0.24

0.72

0.19

0.31

0.22

0.22

0.48

-

-

0.29

0.20

0.22

0.20

0.51

0.22

0.33

1.24

0.39

0.22

0.20

0.19

0.36

0.21

0.25

0.21

Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

0.19

0.49

0.21

0.14

0.20

0.22

0.20

0.11

0.18

0.28

0.20

0.21

0.19

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.01

0.01

0.01

0.19

1.03

0.17

0.01

0.10

0.01

0.07

0.01

0.04

0.02

Diluted (in dollars per share)

0.39

0.24

0.25

0.20

0.19

0.00

0.52

0.23

0.30

0.21

0.38

0.54

0.15

0.25

0.24

0.72

0.18

0.30

0.22

0.22

0.48

-

-

0.29

0.20

0.22

0.20

0.50

0.22

0.33

1.23

0.39

0.21

0.21

0.19

0.35

0.21

0.25

0.21

Per common share attributable to common stockholders - basic and diluted:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash distributions declared per share of common stock

-

-

-

-

-

-

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

0.33

0.33

-

0.33

0.33

0.33

0.30

0.30

Rental income, net
Total revenues

-

-

20,414

-

-

-

17,193

-

-

25,146

17,217

16,720

16,833

17,180

16,334

15,594

15,056

14,814

15,273

14,992

13,894

14,339

14,552

13,943

13,813

-

12,487

11,981

-

-

-

-

-

-

-

-

-

-

-

Tenant reimbursements
Rental income, net

-

-

-

-

-

-

2,005

-

1,944

-

1,920

1,693

1,639

1,810

1,687

1,639

1,288

1,445

835

790

782

884

635

453

589

-

483

-

-

-

-

-

-

-

-

-

-

-

-

Lease termination fees
Total revenues

-

-

-

-

-

-

372

-

-

-

-

-

-

-

-

-

-

2,236

0

0

650

-

-

1,269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-