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, Inc. (NYSE: OLP) reported its Q2 2021 financial results, revealing a rental income of $20.3 million, down from $20.9 million in Q2 2020, mainly due to the sale of two properties. The company achieved a notable gain of $21.5 million from the sale of a Whole Foods property, boosting net income to $23.3 million, or $1.12 per diluted share. Adjusted Funds from Operations (AFFO) increased to $10.2 million, or $0.48 per diluted share. The company had $16 million in cash and total assets of $753.3 million as of June 30, 2021. Subsequent property sales are expected to contribute further gains.
One Liberty Properties reported a $40.5 million sale of a property leased to Whole Foods, anticipating a net gain of approximately $21.5 million for Q2 2021. The sale proceeds were utilized to repay a $15.4 million mortgage and a $17.9 million credit facility balance, with around $5.4 million allocated for corporate expenses. Furthermore, lease extensions with Havertys for ten properties are expected to generate rental income of $4.8 million, $4.5 million, and $4.0 million over the next three years.
On June 10, 2021, One Liberty Properties (NYSE: OLP) declared a quarterly dividend of $0.45 per share, payable on July 9, 2021 to stockholders of record by June 25, 2021. This marks the company's 114th consecutive quarterly dividend. Furthermore, the company has resumed its dividend reinvestment plan, offering a 3% discount on shares purchased through the plan. One Liberty Properties is a real estate investment trust managing a diversified portfolio of properties that include industrial and retail locations.
One Liberty Properties (NYSE: OLP) reported strong first-quarter results for 2021. The company collected 98% of billed rents, showcasing portfolio stability amid pandemic challenges. Rental income was $20.7 million, slightly down from $21.2 million in Q1 2020, while total operating expenses rose to $13.2 million. Net income fell to $3.0 million, or $0.13 per diluted share, compared to $7.8 million in the previous year. Adjusted Funds from Operations (AFFO) decreased to $10.0 million, reflecting various operating cost increases. The company maintains a robust balance sheet with $11.2 million in cash and total assets of $768.2 million.
One Liberty Properties reported its 2020 financial results, highlighting a decline in rental income to $81.9 million from $83.8 million in 2019. The fourth-quarter rental income was $18.7 million, down from $21.5 million, attributed to the pandemic's economic impacts. Industrial properties accounted for over 50% of rental income. Net income for Q4 was $3.6 million, decreased from $4.8 million, while AFFO was $9.1 million, down from $10.5 million. The company declared a dividend of $0.45 per share, marking its 113th consecutive quarterly dividend.
One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly dividend of $0.45 per share, payable on April 7, 2021, to stockholders of record by March 24, 2021. This marks the 113th consecutive quarterly dividend declared by the company. One Liberty is a self-managed real estate investment trust with a diversified portfolio focused on industrial, retail, restaurant, health and fitness, and theater properties, often under long-term net leases.
One Liberty Properties has declared a quarterly cash dividend of $0.45 per share for its common stock. This dividend is set to be paid on January 7, 2021, to stockholders of record by December 17, 2020. The company anticipates that this dividend will contribute to the 2021 taxable income.
One Liberty Properties (NYSE: OLP) reported Q3 2020 operating results, noting a 3.4% increase in rental income to $21.1 million compared to Q3 2019. Net income rose significantly to $13.7 million or $0.67 per diluted share, boosted by a $10.3 million gain on property sale. Funds from Operations (FFO) increased to $9.7 million, while Adjusted Funds from Operations (AFFO) reached $10.0 million. The company maintained 95.5% rent collection during Q3 despite COVID-19 challenges, with an occupancy rate of 96.9% as of early November.
One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly dividend of $0.45 per share, payable on October 29, 2020 to stockholders of record as of September 21, 2020. The dividend will be distributed in a combination of 75% cash and 25% common stock, allowing shareholders to choose between receiving their payment in cash, stock, or a mix of both. The common stock issued will be valued based on the average trading price from the last five trading days prior to the payment date. The dividend reinvestment feature of the plan is temporarily suspended.
One Liberty Properties reported a 1.0% increase in rental income, totaling $20.9 million for Q2 2020. Net income fell to $2.3 million or $0.10 per diluted share, down from $4.1 million a year ago. The company collected 77.1% of rents due during the quarter, deferring $3.1 million in rent payments. As of August 3, 2020, the occupancy rate stood at 96.9%. After selling a retail asset for $10.3 million on July 1, One Liberty improved its liquidity profile, with available liquidity of $74.6 million.
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.?
