Streetbeat News

OLP

One Liberty Properties, Inc.

https://www.onelibertyproperties.com

Industry

REIT - Diversified

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.

Open

25.88

Mkt cap

568M

Volume

37K

High

26.31

P/E Ratio

18.78

52-wk high

30.45

Low

25.88

Div yield

0.07

52-wk low

21.11

One Liberty Properties (NYSE: OLP) reported Q2 sales of $21.80 million, missing the analyst consensus estimate of $22.48 million by 3.04%. This represents a 2.71% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:46 pm

One Liberty Properties (OLP) announced plans to acquire a fourth industrial property in 2024 for $28.3 million, bringing total acquisitions for the year to over $73 million. The new property in Council Bluffs, Iowa, spans 236,324 sq ft and has an annual base rent of $1.9 million with a 6.1-year weighted average lease term. The acquisition will be funded by cash and a $17 million mortgage at 5.89% interest.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:43 pm

One Liberty Properties (OLP) reported Q1 FFO of $0.48 per share, meeting analyst estimates, with a 4% decrease from last year's $0.50. Quarterly sales were $22.70M, beating estimates by 2.10% but showing a 1.12% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:23 pm

B. Riley Securities analyst Craig Kucera maintains a Buy rating on One Liberty Properties (OLP) and raises the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:09 pm

B. Riley Securities analyst Craig Kucera has maintained a Neutral rating on One Liberty Properties (OLP) and increased the price target from $22.5 to $24.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 1:37 pm

One Liberty Properties (OLP) reported a Q4 FFO of $0.50 per share, down 3.85% from $0.52 YoY. Sales were $22.74M, beating estimates by 1.30% but down 17.95% from $27.71M YoY.

Portfolio Pulse from Happy Mohamed

March 05, 2024 | 9:22 pm

One Liberty Props (NYSE:OLP) is distributing a dividend of $0.45 per share with an annualized yield of 8.38%. The ex-dividend date was December 19, 2023, and the dividend is payable on January 5, 2024. The company has maintained a steady dividend per share of $1.80 from 2020 to 2023 and experienced a slight increase in earnings per share from $2.00 to $2.01 over the same period. This suggests a stable financial position and the potential for future dividend increases. Global Net Lease (NYSE:GNL) has a higher annualized dividend yield of 14.49% compared to OLP.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 3:06 pm

One Liberty Properties (NYSE:OLP) announced a quarterly dividend of 45 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning OLP stock by the end of Monday's session will be eligible for the dividend, which will be paid on January 5, 2024. The stock is expected to open 45 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:45 pm

One Liberty Properties, Inc. (NYSE:OLP) has completed the sale of two restaurant properties and part of a retail property for $8.7 million, expecting a gain of $2.7 million. Additionally, OLP has agreements to sell three restaurant properties and two retail properties for $23.0 million, with an anticipated gain of $10.0 million. The company also refinanced mortgage debt on two industrial properties, resulting in gross proceeds of $13.0 million, after accounting for $7.1 million of the refinanced amounts. The new debt has a higher interest rate of 6.02% compared to the previous 4.02%.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:07 am

One Liberty Properties reported Q3 FFO of $0.49, beating the estimate of $0.16. The company also reported sales of $22.55M, surpassing the estimate of $22.50M.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:47 pm

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