One Liberty Properties Q1 rental income rises 11.6%

One Liberty Properties

06/05/2026 21:41

Overview

US industrial property REIT's Q1 rental income grew 11.6% yr/yr, driven by acquisitions

Q1 net income per share and FFO per share rose, while AFFO per share was flat

Company closed acquisitions of ten industrial properties and sold non-core assets for gains

Outlook

Company did not provide specific guidance for the current or future periods

Result Drivers

INDUSTRIAL ACQUISITIONS - Rental income rose 11.6% yr/yr, mainly due to acquisitions of industrial properties

HIGH OCCUPANCY - Portfolio occupancy reached 98.8% at quarter end, supporting stable rental income

INCREASED EXPENSES - Operating and interest expenses rose due to acquisition-related portfolio growth and borrowing

Company press release: ID:nGNX4VfDdQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Expenses
$18.70 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 14.2% above its May 5 closing price of $22.77

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 41 three months ago

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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.)