One Liberty Properties, Inc.
19.98-0.26 (-1.28%)
Oct 29, 4:00:02 PM EDT · NYSE · OLP · USD
Key Stats
Market Cap
431.57MP/E (TTM)
15.49Basic EPS (TTM)
1.29Dividend Yield
0.09%Recent Filings
8-K
Property sales boost industrial focus
One Liberty Properties inked a deal on September 10, 2025, to sell its interest in The Vue multi-family project in Beachwood, Ohio, with a $2.5 million escrow deposit and expected Q4 close yielding $18.5 million to $19 million in net proceeds and a $100,000 gain, excluding lawsuit settlement. It also sold a Newark, Delaware non-industrial property on September 8 for $6.8 million, netting $5.4 million and a $3.2 million gain. These moves shift 80% of base rent from industrial tenants by September 30, 2026. Completion risks loom large.
10-Q
Q2 FY2025 results
One Liberty Properties posted solid Q2 results, with rental income up 12.3% year-over-year to $24.5M, fueled by acquisitions and same-store growth from lease extensions and new tenants, while dispositions trimmed the topline slightly. Operating income rose 6.7% to $15.4M, but net income dipped to $9.4M from $9.7M last year, mainly due to higher interest costs on expanded debt. Acquisitions totaled $88.3M in industrial assets, financed by $52.1M in new mortgages at rates around 6.2%, boosting the portfolio to 103 properties across 32 states. Cash stood at $19.0M with $93.2M available on the $100M line, supporting steady $0.45 quarterly dividends. Sales generated $7.6M in gains YTD, recycling capital efficiently. Yet tenant defaults in a shaky economy pose ongoing risks.
8-K
Q2 earnings and industrial acquisition
One Liberty Properties reported Q2 2025 results with rental income up 12.3% to $24.5 million, fueled by acquisitions and dispositions, while net income dipped to $8.4 million or $0.39 per diluted share amid higher interest costs. The REIT inked a $24.0 million deal for a 210,600 sq ft industrial property in South Carolina, expecting $1.5 million annual rent and Q3 close, and sold three retail assets for a $6.5 million gain. Portfolio shift to industrial assets bolsters cash flow stability. Yet higher debt rates pressure margins.
8-K
Industrial portfolio update
One Liberty Properties released its June 2025 investor presentation, highlighting a robust industrial-focused portfolio with 98.5% occupancy and $77.6 million in 2025 base rent, up from 40% industrial exposure in 2018 to 73% now. The company added 19 industrial properties since 2020, including recent acquisitions like a $49 million Mobile, AL pair yielding 6.9%, while disposing of $62.4 million in non-core assets for $18 million gain. AFFO per share hit $1.91 in 2024, covering the $1.80 dividend for 129 straight quarters. Yet debt balloons loom in 2029.
8-K
Shopping center sale announced
One Liberty Properties' 90%-owned joint venture signed deals to sell the Marston Park Plaza Shopping Center in Lakewood, Colorado, for $21.4 million, expecting $12 million in net proceeds and a $5.0 million gain. The property generated $2.2 million in 2024 rental income but $1.7 million in total expenses. Proceeds will slash credit facility debt by $10 million to $5 million. Closings due by Q3 2025 end.
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