One Liberty Properties, Inc. - OLP STOCK NEWS

Rainbow Realty Group announced the closing of a $20.45 million loan collateralized by 9 properties in Sacramento, CA, primarily housing cannabis operators. The properties include 13 tenants, with 12 involved in cannabis operations ranging from dispensaries to manufacturers. Sacramento's legal cannabis sales reached $820.4 million in 2021, marking a 78.6% increase from the previous year. This financing will support tenant investments and improvements across the portfolio, which includes retail, industrial, and office spaces.

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.