Quarterly ResultAug 5, 2026, 04:15 PM
One Liberty Q2 Net Income $0.71/Share; FFO +8.9%; New $100M Credit Facility
AI Summary
One Liberty Properties, Inc. announced strong operating results for Q2 2026, with diluted net income of $0.71 per share, FFO per diluted share growing 8.9% to $0.49, and AFFO per diluted share growing 4.1% to $0.51. The company's transformation into an industrial-focused REIT continues, with industrial properties now representing approximately 85% of base rent, driven by successful dispositions of non-core retail assets. Additionally, One Liberty secured a new up to $100 million revolving credit facility, enhancing financial flexibility for future growth.
Key Highlights
- Secured new up to $100M revolving credit facility.
- Industrial properties now represent approximately 85% of base rent.
- Q2 diluted net income was $0.71 per share.
- Q2 FFO per diluted share grew 8.9% to $0.49.
- Q2 AFFO per diluted share grew 4.1% to $0.51.
- Rental income increased 10.3% year over year.
- Sold non-core properties for $16.3M net proceeds and $13.4M gain.
- Portfolio occupancy maintained at 97.6%.
Price Impact
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