Brief: One Liberty Properties Q2 Net Income USD 8.4 Million

One Liberty Properties

05/08/2025 21:15

Overview

One Liberty Properties Q2 rental income up 12.3% yr/yr, driven by acquisitions

Adjusted FFO per share grew 2.1% yr/yr

Company sells three retail assets, gains $6.5 mln

Outlook

Company expects to close industrial property acquisition by end of Q3 2025

One Liberty anticipates $1.5 mln annual base rent with 3.5% annual increases

Company plans to obtain $14 mln mortgage debt for new acquisition

Result Drivers

INDUSTRIAL FOCUS - Transition to industrial properties positively impacted Q2 results, per CEO Patrick J. Callan, Jr.

RENTAL INCOME GROWTH - 12.3% increase driven by acquisitions, dispositions, and same-store rental income growth

ASSET SALES - Sale of three retail assets resulted in a $6.5 mln gain, contributing to overall financial performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Rental Income
$24.50 mln
Q2 EPS
Beat
$0.39
$0.14 (1 Analyst)
Q2 Net Income
$8.40 mln
Q2 Adjusted FFO
Beat
$10.60 mln
Q2 FFO
$9.70 mln
Q2 Operating Expenses
$15.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for One Liberty Properties Inc is $29.00, about 22.6% above its August 4 closing price of $22.45

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release: ID:nGNX74fbGy

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)