Welcome to our dedicated page for One Liberty Properties news (Ticker: OLP), a resource for investors and traders seeking the latest updates and insights on One Liberty Properties stock.
One Liberty Properties, Inc. (NYSE: OLP) is a self-administered and self-managed real estate investment trust (REIT) based in Great Neck, NY. Incorporated in Maryland in 1982, the company focuses on acquiring, owning, and managing a geographically diversified portfolio of industrial, retail, restaurant, health, fitness, and theater properties. The portfolio comprises 110 properties located in 31 states, generating the majority of its revenue from rental income.
OLP prides itself on its strategic approach to real estate investment, often securing long-term net leases that make tenants responsible for property taxes, insurance, and maintenance. This model offers stable and predictable cash flows, which is a key strength for the REIT.
Recent financial performance highlights include a 4.7% increase in rental income to $22.5 million for the third quarter of 2023, compared to $21.5 million in the same period in 2022. However, the net income attributable to One Liberty saw a reduction to $2.7 million in the third quarter of 2023 from $7.2 million in the previous year, affected by various factors including increased interest expenses.
OLP's ongoing portfolio transformation towards an industrial focus has been marked by key acquisitions and divestitures. Notable transactions include the sale of multiple non-industrial properties, generating significant gains and contributing to a strategic portfolio realignment.
In terms of balance sheet strength, as of September 30, 2023, OLP reported total assets of $767.8 million and total stockholders' equity of $302.1 million. The company also maintained a healthy liquidity position with $5.5 million in cash and cash equivalents and significant availability under its credit facility.
OLP also engages in strategic stock repurchase programs and recently announced a $0.45 per share cash dividend, marking its 125th consecutive quarterly dividend, reflecting its commitment to delivering value to shareholders.
Overall, One Liberty Properties, Inc. represents a stable investment in the REIT sector, backed by a robust portfolio, strategic market positioning, and a commitment to shareholder value.
One Liberty Properties reported its Q2 2022 financial results, highlighting a net income of $16.8 million, or $0.79 per diluted share, down from $23.3 million in Q2 2021. The quarter saw a rental income increase to $21.5 million, driven by $1.1 million from same-store rentals. The company purchased three industrial properties for $31.7 million and sold two properties for $13.3 million, generating $8.1 million in gains. FFO rose to $14.7 million, while AFFO slightly increased to $10.4 million. The company has $17.6 million in cash and a total debt of $426.9 million.
One Liberty Properties (NYSE: OLP) has announced a quarterly dividend of $0.45 per share, marking its 118th consecutive quarterly dividend. The dividend will be payable on July 6, 2022, to stockholders of record as of June 21, 2022. This self-administered real estate investment trust focuses on acquiring, owning, and managing a diversified portfolio primarily consisting of industrial properties under long-term net leases, where tenants handle maintenance and real estate taxes. For more details, visit 1liberty.com.
One Liberty Properties (NYSE: OLP) announced the acquisition of a 213,000 square foot industrial building in Dalton, Georgia for $17.0 million. The property, leased to Q.E.P. Co., Inc. until mid-2032, generates an annual base rent of approximately $883,000 with 3.0% annual increases starting in 2023. The company plans to secure $10 million in mortgage debt at a 3.50% interest rate. This acquisition contributes over $1.3 million in new rent to One Liberty's portfolio in 2022, highlighting its strategic growth in industrial assets.
One Liberty Properties, Inc. (NYSE: OLP) announced its Q1 2022 financial results, reporting a rental income increase to $21.5 million, up from $20.7 million in Q1 2021. Net income surged to $9.3 million or $0.44 per diluted share, boosted by a $4.6 million gain from property sales. The company completed an acquisition of an industrial property for $8.1 million and sold properties generating a $6.9 million gain, expected in Q2 2022. The balance sheet reflects total assets of $750.1 million and available liquidity of $112.5 million as of May 3, 2022.
One Liberty Properties announced strong Q4 2021 results with 99.2% occupancy and increased rental income of $20.8 million, up from $18.7 million in Q4 2020. Net income grew to $6.5 million or $0.30 per diluted share, an increase from $3.6 million the previous year. Full-year rental income was $82.2 million, compared to $81.9 million in 2020. The company also achieved $25.5 million in gains from property sales. A quarterly dividend of $0.45 per share was declared, marking the 117th consecutive dividend.
On March 10, 2022, One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly dividend of $0.45 per share, payable on April 7, 2022, to stockholders of record on March 24, 2022. This marks the company’s 117th consecutive quarterly dividend, showcasing its commitment to returning value to shareholders. As a self-managed real estate investment trust, One Liberty primarily focuses on acquiring and managing a diversified portfolio of industrial properties under long-term net leases.
One Liberty Properties announced significant transactions, including the acquisition of a 53,000 square foot industrial building in Fort Myers, Florida for $8.1 million. This property is leased until 2030 with an annual rent of approximately $443,000, featuring an increase of 3.8% annually starting in 2023. Additionally, the company sold two Wendy's restaurant properties in Pennsylvania for $5.7 million, estimating a net gain of $2.7 million for Q4 2021. The acquisition is expected to be financed by a $4.8 million mortgage at a 3.09% interest rate.
One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly cash dividend of $0.45 per share, payable on January 5, 2022 to shareholders of record as of December 20, 2021. A significant portion of this dividend is expected to be included in the 2021 taxable income, indicating the company's continued commitment to returning value to shareholders. Established in 1982, One Liberty is a self-administered real estate investment trust (REIT) focused on a diversified portfolio including industrial and retail properties.
One Liberty Properties reported Q3 2021 results, showing rental income of $20.3 million, down from $21.1 million in Q3 2020, mainly due to property sales. Operating expenses decreased to $12.4 million from $13.1 million, aided by a reduction in litigation costs and a tax refund. Net income fell to $6.1 million, or $0.28 per share, significantly affected by a previous property sale gain. Adjusted Funds from Operations (AFFO) was stable at $10.1 million with a per-share figure of $0.48. Liquidity stands at approximately $105.2 million, and recent acquisitions include properties in Florida and Nebraska.
One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly dividend of $0.45 per share, marking its 115th consecutive dividend. The dividend is set to be paid on October 7, 2021, to stockholders of record as of September 27, 2021. This reflects the company's ongoing commitment to shareholder returns and financial stability in the real estate sector.
FAQ
What is the current stock price of One Liberty Properties (OLP)?
What is the market cap of One Liberty Properties (OLP)?
What is One Liberty Properties, Inc.?
What types of properties does One Liberty Properties, Inc. own?
How does One Liberty Properties, Inc. generate revenue?
What recent financial performance highlights are available for One Liberty Properties, Inc.?
What is the focus of OLP's portfolio transformation?
What is OLP's current liquidity position?
How does One Liberty Properties, Inc. maintain its properties?
What is One Liberty Properties, Inc.'s dividend policy?
How does One Liberty Properties, Inc. manage its financial health?
Where can investors find more information about One Liberty Properties, Inc.?
