ONE LIBERTY PROPERTIES, INC. OLP Income Statement

One liberty properties, inc. (OLP)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Rental income, net
84,820	84,736	82,558	81,714	80,747	79,126	78,750	78,317	76,978	75,916	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,093	68,180	66,729	65,711	62,439	61,518	61,401	60,477	59,420	57,203	53,519	50,979	47,413	45,776	44,897	43,793	41,245	40,667	40,529	40,874	43,288	42,856	0	0	0
Operating expenses:
Depreciation and amortization
22,353	22,026	24,404	24,510	24,320	24,155	21,239	20,682	20,622	20,993	20,776	20,324	19,532	18,164	17,540	17,312	16,835	16,384	15,767	15,017	14,819	14,662	14,606	13,904	12,862	11,919	10,683	10,126	9,855	9,564	9,058	8,966	8,810	8,792	9,068	8,825	0	0	0
General and administrative (see Note 9 for related party information)
12,605	12,442	12,257	12,185	12,149	11,937	11,869	11,499	11,423	11,279	11,141	11,121	10,899	10,693	10,356	10,025	9,744	9,527	9,430	9,233	8,977	8,796	8,457	8,242	8,052	7,801	7,696	7,631	7,436	7,317	7,005	6,936	7,090	6,849	6,852	6,961	0	0	0
Real estate expenses (see Note 9 for related party information)
14,075	14,074	14,212	13,112	12,193	11,596	11,208	11,305	11,084	11,044	10,173	9,672	9,460	8,931	8,547	7,774	6,888	6,047	5,369	5,039	4,643	4,407	3,899	3,665	3,539	3,213	3,053	2,842	2,768	2,618	2,491	2,404	2,342	2,331	2,175	2,107	0	0	0
Real estate acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	596	642	570	405	449	685	678	687	479	311	772	810	921	1,385	934	931	823	296	334	229	213	400	437	0	0	0
State taxes
351	348	339	330	376	370	365	396	466	481	408	361	215	203	274	299	345	343	579	517	500	488	211	198	275	255	542	587	450	457	0	0	0	-	-	-	-	-	-
Leasehold rent
-	-	-	-	-	-	308	-	-	-	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	308	0	0	0
Impairment loss
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
49,384	48,890	51,135	50,137	49,038	48,058	44,527	43,881	43,671	43,950	42,945	41,934	40,806	38,895	37,667	36,288	34,525	33,058	32,138	31,885	31,027	30,233	28,885	27,089	25,846	24,417	23,667	22,428	21,748	21,087	19,460	19,212	18,996	18,661	18,803	18,638	0	0	0
Other operating income
Income before gain on sale of real estate, net
-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate, net
0	-	0	0	-	5,262	10,262	12,245	0	-	0	0	-	10,087	9,824	9,705	787	5,392	0	0	0	-	-	-	-	-	-	-	-	319	0	0	0	-	-	-	-	-	0
Operating income
44,015	40,173	33,335	35,530	34,563	36,330	47,784	46,681	45,552	41,803	45,423	42,049	41,997	41,780	32,426	31,892	32,204	32,653	30,301	29,633	30,374	30,244	30,535	30,114	27,673	26,562	23,746	23,348	23,149	22,706	21,785	21,455	21,533	22,213	24,485	24,218	0	0	0
Other income and expenses:
Equity in earnings (loss) of unconsolidated joint ventures
196	16	556	679	993	1,304	879	918	776	826	874	890	1,041	1,005	895	1,014	474	412	447	234	547	533	535	523	450	651	865	1,011	1,488	1,368	1,689	1,526	1,097	914	342	365	0	0	0
Equity in earnings from sale of unconsolidated joint venture property
0	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase price fair value adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	960	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepayment costs on debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-577	-577	-577	-423	-568	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of real estate - unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Gain on sale - unconsolidated joint venture interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Gain on sale - investment in BRT Realty Trust (related party)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on settlement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Other income
8	8	721	720	720	720	25	75	389	407	403	708	444	435	462	102	118	108	86	94	24	29	27	27	36	97	102	98	296	241	133	136	-33	-35	101	266	0	0	0
Interest:
Expense
19,853	19,831	19,708	18,958	18,422	17,862	17,424	17,435	17,522	17,609	18,045	17,990	17,572	17,258	16,930	16,570	16,363	16,027	15,780	15,963	16,091	16,305	16,261	15,443	14,566	13,716	12,449	12,301	12,451	12,532	12,167	12,056	11,972	12,429	13,673	14,224	0	0	0
Amortization and write-off of deferred financing costs
1,006	995	1,055	1,023	989	985	929	972	978	977	978	904	887	904	838	836	812	1,023	1,124	1,212	1,254	1,037	969	917	915	890	866	841	803	774	721	700	686	815	824	797	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,197	14,001	14,438	17,383	17,409	16,103	16,020	11,679	11,328	11,038	10,680	11,498	11,088	11,671	11,175	0	0	0
Income from operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	0	0
Net gain on sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	0	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	103	247	392	515	3,234	18,509	20,852	20,980	19,443	4,146	2,716	2,632	1,814	1,944	0	0	0
Net income
22,364	18,544	13,849	18,934	18,922	21,564	25,623	22,569	28,016	24,249	24,421	21,616	24,082	24,481	25,262	24,730	15,985	21,907	28,313	27,169	28,117	22,210	14,104	14,685	17,775	17,924	19,337	34,529	32,531	32,308	30,481	14,826	14,214	13,720	0	0	0	-	0
Net income attributable to non-controlling interests
498	533	498	554	137	899	903	891	883	102	84	85	82	59	44	23	37	1,390	1,404	1,428	1,418	94	93	83	77	49	7	-4	-16	-12	0	0	0	-	-	-	-	-	-
Net income attributable to One Liberty Properties, Inc.
21,866	18,011	13,351	18,380	18,785	20,665	24,720	21,678	27,133	24,147	24,337	21,531	24,000	24,422	25,218	24,707	15,948	20,517	26,909	25,741	26,699	22,116	14,011	14,602	17,698	17,875	19,330	34,533	32,547	32,320	30,472	14,823	14,215	13,724	13,485	0	0	0	-
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
-	-	0	-	-	-	0	-	-	75,916	67,950	67,067	65,941	64,164	61,798	60,737	60,135	58,973	58,498	57,777	56,728	56,647	54,795	52,224	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Tenant reimbursements
Rental income, net
-	-	-	-	-	-	8,403	-	7,977	-	7,062	6,829	6,775	6,424	6,059	5,207	4,358	3,852	3,291	3,091	2,754	2,561	2,160	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Lease termination fees
Total revenues
-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	2,886	1,919	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-