Quarterly ResultMay 6, 2026, 04:28 PM
One Liberty Properties Q1 EPS $0.28, Net Income +50%; Acquires 10 Properties
AI Summary
One Liberty Properties reported strong first-quarter results with net income attributable to common stockholders increasing by 50% to $6.24 million, leading to a basic and diluted EPS of $0.28. Total revenues grew by over 17% to $28.29 million, boosted by lease termination fees and higher rental income. The company was active in its real estate portfolio, acquiring 10 industrial properties for $56.7 million and selling two retail properties for $10.2 million, generating a net gain of $3.88 million.
Key Highlights
- Net income attributable to One Liberty Properties, Inc. increased 50.1% to $6.24 million for Q1 2026.
- Basic and diluted earnings per common share rose 55.6% to $0.28 for Q1 2026.
- Total revenues increased 17.1% to $28.29 million for Q1 2026, including $1.33 million in lease termination fees.
- Acquired 10 industrial properties for $56.7 million during the three months ended March 31, 2026.
- Sold two retail properties for $10.2 million, realizing a net gain of $3.88 million in Q1 2026.
- Declared a quarterly cash dividend of $0.45 per share, consistent with the prior year.
- Mortgages payable, net, increased to $529.47 million at March 31, 2026, from $517.34 million.
- Utilized $32.0 million from its line of credit at March 31, 2026, with $68.0 million remaining available.