One Liberty Properties Inc 2025年季度报告

FORM 10-Q ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 OR ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-09279 ONE LIBERTY PROPERTIES, INC.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer◻ Large accelerated filer◻ Non-accelerated filer⌧Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of May 1, 2025, the registrant had 21,594,327 shares of common stock outstanding. One Liberty Properties, Inc. and SubsidiariesTable of Contents Part I — Financial InformationItem 1.Unaudited Consolidated Financial StatementsConsolidated Balance Sheets — March 31, 2025 and December 31, 20241Consolidated Statements of Income — Three months ended March 31, 2025 and 20242Consolidated Statements of Comprehensive Income —Three months ended March 31, 2025 and 20243Consolidated Statements of Changes in Equity — Three months ended March 31, 2025 and 20244Consolidated Statements of Cash Flows — Three months ended March 31, 2025 and 20245Notes to Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3.Quantitative and Qualitative Disclosures About Market Risk34Item 4.Controls and Procedures35Part II — Other Information35Item 5.Other Information35Item 6.Exhibits35 Table of Contents Part I — FINANCIAL INFORMATION Item 1.Financial Statements (Amounts in Thousands, Except Par Value) $983 and $966 of other liabilities included in other line items and $1,101 and $1,150 of non-controlling interests as ofMarch 31, 2025 and December 31, 2024, respectively. See accompanying notes to consolidated financial statements. ONE LIBERTY PROPERTIES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(Amounts in Thousands, Except Per Share Data)(Unaudited) Table of Contents ONE LIBERTY PROPERTIES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Amounts in Thousands)(Unaudited) Three Months EndedMarch 31, ONE LIBERTY PROPERTIES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(Amounts in Thousands, Except Per Share Data) (Unaudited) See accompanying notes to consolidated financial statements. ONE LIBERTY PROPERTIES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in Thousands) (Unaudited) (Continued on Next Page) Table of Contents ONE LIBERTY PROPERTIES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in Thousands) The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported withinthe consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statementsof cash flows: Restricted cash included in escrow, deposits and other assets and receivables represents amounts related toreal estate tax and other reserve escrows required to be held by lenders in accordance with the Company’s mortgageagreements. The restriction on these escrow reserves will lapse when the related mortgage is repaid or when therelated reserve conditions are satisfied. See accompanying notes to consolidated financial statements. Table of Contents ONE LIBERTY PROPERTIES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)MARCH 31, 2025 NOTE 1 – ORGANIZATION AND BACKGROUND One Liberty Properties, Inc. (“OLP