Quarterly ResultAug 5, 2026, 04:20 PM
One Liberty Properties Q2 Net Income $15.66M, FFO $0.49/share
AI Summary
One Liberty Properties reported strong operating results for Q2 2026, with net income per diluted share increasing 82% to $0.71 and FFO per diluted share growing 8.9% to $0.49. The company's transformation into an industrial-focused REIT continues, with industrial properties now accounting for approximately 85% of base rent. This quarter also saw a 10.3% rise in rental income, the successful disposition of non-core retail assets, and the securing of a new $100 million credit facility to support its growth strategy.
Key Highlights
- Net income per diluted share increased 82% year-over-year to $0.71.
- FFO per diluted share grew 8.9% to $0.49, and AFFO per diluted share rose 4.1% to $0.51.
- Rental income, net, increased 10.3% year-over-year to $27.0 million.
- Industrial properties now represent approximately 85% of base rent.
- Sold three non-core properties for $16.3 million net proceeds, generating a $13.4 million gain.
- Entered into a new up to $100 million revolving credit facility.
- Portfolio occupancy stood at 97.6% as of quarter end.
Price Impact
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