One Liberty Properties Q2 rental income rises on industrial acquisitions

One Liberty Properties

05/08/2026 21:48

Overview
US industrial REIT's Q2 rental income rose 10.3% yr/yr, driven by industrial acquisitions
Q2 FFO per share rose 9%, AFFO per share up 4% from prior year
Company secured new up to $100 mln revolving credit facility to support growth strategy

Outlook
One Liberty says portfolio optimization positions it for continued growth in industrial segment

Result Drivers
INDUSTRIAL ACQUISITIONS - Co said Q2 rental income growth was primarily driven by accretive industrial property acquisitions
PORTFOLIO SHIFT - Co said industrial properties now represent about 85% of base rent after disposing of non-core retail assets
HIGHER OPERATING AND INTEREST EXPENSES - Co said operating and interest expenses rose due to industrial acquisitions and higher mortgage debt

Company press release: ID:nGNX2wgdd5

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Expenses
 
$17.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $26.00, about 5.7% above its August 4 closing price of $24.60
The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 44 three months ago

Reuters Recommended Reads
Aug 4 - Canada's Dream Industrial REIT Q2 net rental income up on portfolio growth
Aug 5 - NNN REIT beats Q2 revenue estimates, raises 2026 guidance
Aug 4 - Healthpeak Properties raises 2026 outlook, authorizes $500 mln buyback

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(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.)