Recent Insider Transactions • Jul 01
Executive VP & COO recently sold €203k worth of stock On the 29th of June, Lawrence Ricketts sold around 9k shares on-market at roughly €21.36 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Lawrence has been a net seller over the last 12 months, reducing personal holdings by €448k. Declared Dividend • Jun 15
First quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 25th June 2026 Payment date: 9th July 2026 Dividend yield will be 7.7%, which is higher than the industry average of 3.8%. Announcement • Jun 11
One Liberty Properties, Inc. announces Quarterly dividend, payable on July 09, 2026 One Liberty Properties, Inc. announced Quarterly dividend of USD 0.4500 per share payable on July 09, 2026, ex-date on June 25, 2026 and record date on June 25, 2026. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. Independent Director Edward Gellert was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 28
One Liberty Properties, Inc. (NYSE:OLP) acquired 79 North Industrial Park in Aleppo Township for $53.5 million. One Liberty Properties, Inc. (NYSE:OLP) acquired 79 North Industrial Park in Aleppo Township for $53.5 million recently. A cash consideration of $53 million will be paid by One Liberty Properties, Inc. As part of consideration, $53 million is paid towards assets of 79 North Industrial Park in Aleppo Township. Announcement • Apr 21
One Liberty Properties, Inc., Annual General Meeting, Jun 09, 2026 One Liberty Properties, Inc., Annual General Meeting, Jun 09, 2026. Location: at 60 cutter mill road, suite 303, great neck, ny, United States Announcement • Mar 05
One Liberty Properties, Inc. Announces Quarterly Dividend, Payable on April 6, 2026 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on April 6, 2026 to stockholders of record at the close of business on March 27, 2026. Announcement • Dec 10
One Liberty Properties, Inc. Announces Quarterly Dividend, Payable on January 6, 2026 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on January 6, 2026 to stockholders of record at the close of business on December 22, 2025. Announcement • Sep 11
One Liberty Properties, Inc. announces Quarterly dividend, payable on October 06, 2025 One Liberty Properties, Inc. announced Quarterly dividend of USD 0.4500 per share payable on October 06, 2025, ex-date on September 24, 2025 and record date on September 24, 2025. Announcement • Jun 05
One Liberty Properties, Inc. Declares Quarterly Dividend, Payable on July 9, 2025 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on July 9, 2025 to stockholders of record at the close of business on June 25, 2025, and represents One Liberty’s 130th consecutive quarterly dividend. One Liberty has increased or maintained its dividend for over 31 consecutive years. Announcement • Apr 16
One Liberty Properties, Inc., Annual General Meeting, Jun 05, 2025 One Liberty Properties, Inc., Annual General Meeting, Jun 05, 2025. Location: at 60 cutter mill road, suite 303, great neck, ny, United States Announcement • Jan 23
One Liberty Properties, Inc. (NYSE:OLP) completed the acquisition of Two industrial properties located in Theodore, Alabama. One Liberty Properties, Inc. (NYSE:OLP) agreed to acquire Two industrial properties located in Theodore, Alabama for $49 million on November 19, 2024. The aggregate annual base rent is approximately $3.1 million, with annual rental increases generally ranging from 2.3% to 3.5%, and the weighted average remaining lease term is approximately seven years. The consideration is expect to finance the acquisition with cash and a ten-year $29 million mortgage (interest only for five years and then amortizing on a 30 year schedule) bearing an interest rate of 6.12%. Completion of the transaction is subject to customary conditions, including the completion, to satisfaction, of due diligence investigation. The will be completed in early 2025.
One Liberty Properties, Inc. (NYSE:OLP) completed the acquisition of Two industrial properties located in Theodore, Alabama on January 22, 2025. Announcement • Dec 13
One Liberty Properties, Inc. Declares Quarterly Dividend, Payable on January 6, 2025 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on January 6, 2025 to stockholders of record at the close of business on December 23, 2024, and represents One Liberty’s 128th consecutive quarterly dividend. One Liberty has increased or maintained its dividend for over 30 consecutive years. Recent Insider Transactions • Nov 16
Senior VP & Director recently sold €359k worth of stock On the 12th of November, Jeffrey Gould sold around 13k shares on-market at roughly €26.86 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. New Risk • Nov 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 103% Dividend yield: 6.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 103% Earnings are forecast to decline by an average of 38% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.25 (vs US$0.12 in 3Q 2023) Third quarter 2024 results: EPS: US$0.25 (up from US$0.12 in 3Q 2023). Revenue: US$22.2m (up 2.6% from 3Q 2023). Net income: US$5.18m (up 113% from 3Q 2023). Profit margin: 23% (up from 11% in 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Sep 16
Second quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 24th September 2024 Payment date: 2nd October 2024 Dividend yield will be 6.7%, which is higher than the industry average of 5.4%. Recent Insider Transactions • Sep 01
Executive Vice President recently sold €75k worth of stock On the 29th of August, Justin Clair sold around 3k shares on-market at roughly €24.04 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €385k. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.46 (vs US$0.30 in 2Q 2023) Second quarter 2024 results: EPS: US$0.46 (up from US$0.30 in 2Q 2023). Revenue: US$21.8m (down 3.0% from 2Q 2023). Net income: US$9.55m (up 54% from 2Q 2023). Profit margin: 44% (up from 28% in 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jul 07
Senior VP & Director recently sold €385k worth of stock On the 3rd of July, Jeffrey Gould sold around 18k shares on-market at roughly €21.39 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €697k more than they bought in the last 12 months. Recent Insider Transactions • Jun 26
Executive Vice President recently sold €86k worth of stock On the 24th of June, Justin Clair sold around 4k shares on-market at roughly €22.63 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €312k more than they bought in the last 12 months. Upcoming Dividend • Jun 18
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 09 July 2024. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (6.3%). Declared Dividend • Jun 17
First quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 25th June 2024 Payment date: 9th July 2024 Dividend yield will be 7.8%, which is higher than the industry average of 5.4%. Announcement • May 09
One Liberty Properties, Inc. (NYSE:OLP) acquired 63,421 Square Foot Industrial Property Located in Albuquerque, New Mexico for $6.5 million. One Liberty Properties, Inc. (NYSE:OLP) acquired 63,421 Square Foot Industrial Property Located in Albuquerque, New Mexico for $6.5 million on April 24, 2024.
One Liberty Properties, Inc. (NYSE:OLP) completed the acquisition of 63,421 Square Foot Industrial Property Located in Albuquerque, New Mexico on April 24, 2024. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.25 (vs US$0.25 in 1Q 2023) First quarter 2024 results: EPS: US$0.25 (up from US$0.25 in 1Q 2023). Revenue: US$22.7m (down 1.5% from 1Q 2023). Net income: US$5.16m (up 1.9% from 1Q 2023). Profit margin: 23% (in line with 1Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 23
One Liberty Properties, Inc., Annual General Meeting, Jun 10, 2024 One Liberty Properties, Inc., Annual General Meeting, Jun 10, 2024, at 09:00 US Eastern Standard Time. Location: 60 Cutter Mill Road, Suite 303, Great Neck New York United States Agenda: To consider the election of three class 1 directors, each to serve until the 2027 annual meeting of stockholders and until his or her successor is duly elected and qualifies; to consider a proposal to approve, by non-binding vote, executive compensation for 2023, as more fully described in the accompanying proxy statement; to consider a proposal to ratify the appointment of Ernst & Young llp as company's independent registered public accounting firm for the year ending December 31, 2024; and to consider any other business properly brought before the meeting. Upcoming Dividend • Mar 19
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 04 April 2024. Trailing yield: 8.0%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (6.4%). Declared Dividend • Mar 11
Fourth quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 26th March 2024 Payment date: 4th April 2024 Dividend yield will be 8.4%, which is higher than the industry average of 5.4%. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: US$1.45 (vs US$2.00 in FY 2022) Full year 2023 results: EPS: US$1.45 (down from US$2.00 in FY 2022). Revenue: US$90.6m (down 2.1% from FY 2022). Net income: US$29.6m (down 27% from FY 2022). Profit margin: 33% (down from 44% in FY 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 1.3% decline forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Mar 05
One Liberty Properties, Inc. Declares Quarterly Dividend, Payable on April 4, 2024 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on April 4, 2024 to stockholders of record at the close of business on March 27, 2024, and represents One Liberty’s 125th consecutive quarterly dividend. Recent Insider Transactions • Dec 31
Executive VP & COO recently sold €94k worth of stock On the 28th of December, Lawrence Ricketts sold around 5k shares on-market at roughly €20.16 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Lawrence has been a net seller over the last 12 months, reducing personal holdings by €538k. Announcement • Dec 22
An unknown buyer completed the acquisition of three restaurant properties and two retail properties in United State from One Liberty Properties, Inc. (NYSE:OLP). An unknown buyer entered into non-cancellable agreements to acquire three restaurant properties and two retail properties in United States from One Liberty Properties, Inc. (NYSE:OLP) for $23 million on November 30, 2023. The sale includes Applebees restaurants in Lawrenceville, Cartersville, and Cartersville, Georgia and Barnes & Noble retail property in Fort Myers, Florida and Havertys retail property in Virginia Beach, Virginia. In a related transaction, an unknown buyer acquired two restaurant properties and a portion of a retail property from One Liberty Properties, Inc. for $8.7 million. One Liberty Properties anticipates that these sales will be completed before year-end of 2023. On December 5, 2023, Applebees restaurant in Carrolton and Cartersville were sold; On December 7, Applebees restaurant in Lawrenceville was sold. On December 15, 2023, One Liberty Properties completed on the sale of Havertys retail property. One Liberty Properties anticipates using the estimated net proceeds ranging from approximately $19 million to $21 million from the sales of the five properties subject to the non-cancellable agreements to pay-off the balance of the credit facility debt, for general working capital purposes and as appropriate, pay-off mortgage debt or repurchase company stock.An unknown buyer completed the acquisition of three restaurant properties and two retail properties in United State from One Liberty Properties, Inc. (NYSE:OLP) on December 21, 2023. One Liberty Properties estimates it will receive approximately $19 million of net proceeds from these sales. One Liberty Properties anticipates that the approximate $19 million sales’ proceeds balance will be used for general working capital purposes and, as market conditions warrant, to acquire properties, reduce mortgage debt and repurchase Company stock. In the short term, One Liberty Properties anticipates investing the sale proceeds in short-term Treasury bills. Upcoming Dividend • Dec 12
Upcoming dividend of US$0.45 per share at 8.1% yield Eligible shareholders must have bought the stock before 19 December 2023. Payment date: 05 January 2024. Trailing yield: 8.1%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (5.8%). Announcement • Dec 06
One Liberty Properties, Inc. Announces 124th Consecutive Quarterly Dividend, Payable on January 5, 2024 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on January 5, 2024 to stockholders of record at the close of business on December 20, 2023, and represents One Liberty’s 124th consecutive quarterly dividend. Announcement • Dec 01
An unknown buyer acquired Two restaurant properties and a portion of a retail property from One Liberty Properties, Inc. (NYSE:OLP) for $8.7 million. An unknown buyer acquired Two restaurant properties and a portion of a retail property from One Liberty Properties, Inc. (NYSE:OLP) for $8.7 million on November 30, 2023. The Company used the net proceeds from the three completed sales and the refinancing to paydown approximately $15 million of its credit facility debt.
An unknown buyer completed the acquisition of Two restaurant properties and a portion of a retail property from One Liberty Properties, Inc. (NYSE:OLP) on November 30, 2023. New Risk • Nov 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin). Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: US$0.13 (vs US$0.34 in 3Q 2022) Third quarter 2023 results: EPS: US$0.13 (down from US$0.34 in 3Q 2022). Revenue: US$22.5m (up 4.6% from 3Q 2022). Net income: US$2.75m (down 60% from 3Q 2022). Profit margin: 12% (down from 32% in 3Q 2022). Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Announcement • Oct 07
One Liberty Properties, Inc. (NYSE:OLP) announces an Equity Buyback for $10 million worth of its shares. One Liberty Properties, Inc. (NYSE:OLP) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its common stock. Announcement • Sep 21
One Liberty Properties, Inc. Declares Quarterly Dividend, Payable on October 11, 2023 One Liberty Properties, Inc. announced that its board of directors declared a quarterly dividend on the company’s common stock of $0.45 per share. The dividend is payable on October 11, 2023 to stockholders of record at the close of business on October 3, 2023. Recent Insider Transactions • Sep 03
Independent Director recently sold €131k worth of stock On the 29th of August, Charles Biederman sold around 7k shares on-market at roughly €18.98 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €795k more than they bought in the last 12 months. Recent Insider Transactions • Aug 17
Executive Vice President recently sold €55k worth of stock On the 16th of August, Justin Clair sold around 3k shares on-market at roughly €18.42 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €664k more than they bought in the last 12 months. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 40% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 40% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (28% net profit margin). New Risk • Aug 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 28% Last year net profit margin: 44% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (28% net profit margin). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.32 (vs US$0.80 in 2Q 2022) Second quarter 2023 results: EPS: US$0.32 (down from US$0.80 in 2Q 2022). Revenue: US$22.4m (up 3.8% from 2Q 2022). Net income: US$6.52m (down 60% from 2Q 2022). Profit margin: 29% (down from 75% in 2Q 2022). Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 14
One Liberty Properties, Inc. Announces Quarterly Dividend, Payable on July 6, 2023 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on July 6, 2023 to stockholders of record at the close of business on June 26, 2023. Reported Earnings • May 07
First quarter 2023 earnings released: EPS: US$0.26 (vs US$0.44 in 1Q 2022) First quarter 2023 results: EPS: US$0.26 (down from US$0.44 in 1Q 2022). Revenue: US$23.0m (up 6.0% from 1Q 2022). Net income: US$5.39m (down 40% from 1Q 2022). Profit margin: 24% (down from 42% in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 15
Full year 2022 earnings released: FFO per share: US$2.4 (vs US$1.80 in FY 2021) Full year 2022 results: FFO per share: US$2.4 (up from US$1.80 in FY 2021). Revenue: US$92.2m (up 12% from FY 2021). Funds from operations (FFO): US$49.7m (up 38% from FY 2021). FFO margin: 54% (up from 44% in FY 2021). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 24
Executive VP & COO recently sold €399k worth of stock On the 20th of January, Lawrence Ricketts sold around 18k shares on-market at roughly €21.63 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Lawrence has been a net seller over the last 12 months, reducing personal holdings by €444k. Upcoming Dividend • Dec 12
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 19 December 2022. Payment date: 05 January 2023. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (5.5%). Announcement • Nov 18
One Liberty Properties, Inc. (NYSE:OLP) acquired Two industrial warehouses and related trailer parking in Northwood, Ohio 17.2 million. One Liberty Properties, Inc. (NYSE:OLP) acquired Two industrial warehouses and related trailer parking in Northwood, Ohio 17.2 million on November 16, 2022. Under the terms, The price includes the assumption of $6.0 million of mortgage debt. For the year end 2021, Annual base rent of approximately $1.1 million.
One Liberty Properties, Inc. (NYSE:OLP) acquired Two industrial warehouses and related trailer parking in Northwood, Ohio on November 16, 2022. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Independent Director Edward Gellert was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: FFO per share: US$0.5 (vs US$0.49 in 3Q 2021) Third quarter 2022 results: FFO per share: US$0.5 (down from US$0.49 in 3Q 2021). Revenue: US$21.5m (up 5.1% from 3Q 2021). Funds from operations (FFO): US$9.23m (down 6.0% from 3Q 2021). FFO margin: 43% (down from 48% in 3Q 2021). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 05
An unknown buyer acquired Retail property located in Columbus, Ohio from One Liberty Properties, Inc. (NYSE:OLP) for $8.3 million. An unknown buyer acquired Retail property located in Columbus, Ohio from One Liberty Properties, Inc. (NYSE:OLP) for $8.3 million on August 08, 2022.
An unknown buyer completed the acquisition of Retail property located in Columbus, Ohio from One Liberty Properties, Inc. (NYSE:OLP) on August 08, 2022. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Independent Director Edward Gellert was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Independent Director Edward Gellert was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 16
One Liberty Properties, Inc. Announces Quarterly Dividend, Payable on October 7, 2022 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend will be payable on October 7, 2022 to stockholders of record as of the close of business on September 27, 2022. Reported Earnings • Aug 05
Second quarter 2022 earnings released: FFO per share: US$0.7 (vs US$0.39 in 2Q 2021) Second quarter 2022 results: FFO per share: US$0.7 (up from US$0.39 in 2Q 2021). Revenue: US$21.6m (up 6.2% from 2Q 2021). Funds from operations (FFO): US$14.7m (up 92% from 2Q 2021). FFO margin: 68% (up from 38% in 2Q 2021). Over the next year, revenue is forecast to grow 1.9% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 11
Joseph A. Deluca Not to Stand for Reelection as a Director of One Liberty Properties, Inc One Liberty Properties, Inc. announced that Joseph A. DeLuca did not stand for reelection as a director and accordingly his term as a director expired at its Annual Meeting held on June 9, 2022. Announcement • Jun 10
One Liberty Properties, Inc. Announces Quarterly Dividend, Payable on July 6, 2022 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on July 6, 2022 to stockholders of record at the close of business on June 21, 2022. This dividend represents One Liberty’s 118th consecutive quarterly dividend. Announcement • May 13
One Liberty Properties, Inc. (NYSE:OLP) acquired 213,000 square foot Industrial Building in Dalton, Georgia for $17 million. One Liberty Properties, Inc. (NYSE:OLP) acquired 213,000 square foot Industrial Building in Dalton, Georgia for $17 million on May 12, 2022.
One Liberty Properties, Inc. (NYSE:OLP) completed the acquisition of 213,000 square foot Industrial Building in Dalton, Georgia on May 12, 2022. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$0.46 (vs US$0.13 in 1Q 2021) First quarter 2022 results: EPS: US$0.46 (up from US$0.13 in 1Q 2021). Revenue: US$21.6m (up 4.3% from 1Q 2021). Net income: US$9.32m (up 254% from 1Q 2021). Profit margin: 43% (up from 13% in 1Q 2021). Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Apr 20
One Liberty Properties, Inc. and Defendant Enters into Settlement Agreement One Liberty Properties, Inc. filed current report on form 8-K (report) on February 21, 2022, reporting that company and the defendant entered into settlement agreement with respect to the lawsuit captioned OLP Wyoming Springs, LLC, Plaintiff, v. Harden Healthcare, LLC, Defendant, v Benjamin Hanson, Intervenor (lawsuit). Company filing this amendment to the report to disclose that on April 15, 2022, company received approximately $5.4 million representing the amount to receive pursuant to the settlement agreement. Such sum will be recognized as other income during the quarter ending June 30, 2022. As a result of the receipt of this payment, the parties to the lawsuit are, among other things, to seek dismissal of the lawsuit with prejudice and release each other and certain other persons from claims and liabilities with respect to matters pertaining to the lawsuit. Upcoming Dividend • Mar 16
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 23 March 2022. Payment date: 07 April 2022. Trailing yield: 5.9%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: FFO: US$82.4m per share (up from US$1.73 in FY 2020). Revenue: US$82.4m (flat on FY 2020). Funds from operations (FFO): US$36.1m (up 6.5% from FY 2020). FFO margin: 44% (up from 41% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 1.5% while thereits industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 25
Insider recently sold €102k worth of stock On the 23rd of November, Justin Clair sold around 3k shares on-market at roughly €30.73 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €991k more than they bought in the last 12 months. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$0.30 (vs US$0.68 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$20.4m (down 3.6% from 3Q 2020). Net income: US$6.06m (down 54% from 3Q 2020). Profit margin: 30% (down from 63% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 14
Executive VP & COO recently sold €271k worth of stock On the 13th of August, Lawrence Ricketts sold around 11k shares on-market at roughly €25.71 per share. This was the largest sale by an insider in the last 3 months. Lawrence has been a seller over the last 12 months, reducing personal holdings by €504k. Reported Earnings • Aug 06
Second quarter 2021 earnings released: FFO US$0.39 per share (vs US$0.42 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$20.3m (down 2.8% from 2Q 2020). Funds from operations (FFO): US$7.66m (down 6.6% from 2Q 2020). FFO margin: 38% (down from 39% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
An unknown buyer acquired 90% stake in Retail property in Philadelphia from One Liberty Properties, Inc. (NYSE : OLP) for $8.3 million. An unknown buyer acquired 90% stake in Retail property in Philadelphia from One Liberty Properties, Inc. (NYSE : OLP) for $8.3 million on July 1, 2021.
An unknown buyer completed the acquisition of a 90% stake in Retail property in Philadelphia from One Liberty Properties, Inc. (NYSE : OLP) for $8.3 million on July 1, 2021. Recent Insider Transactions • Jul 21
Senior VP & Director recently sold €206k worth of stock On the 16th of July, Jeffrey Gould sold around 8k shares on-market at roughly €25.11 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €625k more than they bought in the last 12 months. Upcoming Dividend • Jun 17
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 09 July 2021. Trailing yield: 6.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.4%). Executive Departure • Jun 15
Independent Director Eugene Zuriff has left the company On the 10th of June, Eugene Zuriff's tenure as Independent Director ended after 15.5 years in the role. As of March 2021, Eugene still personally held 36.72k shares (€690k worth at the time). Eugene is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 14.42 years. Reported Earnings • May 09
First quarter 2021 earnings released: FFO US$0.45 per share (vs US$0.48 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: US$20.7m (down 3.0% from 1Q 2020). Funds from operations (FFO): US$8.84m (down 4.4% from 1Q 2020). FFO margin: 43% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Recent Insider Transactions • Apr 17
Insider recently sold €133k worth of stock On the 15th of April, Justin Clair sold around 7k shares on-market at roughly €19.78 per share. In the last 3 months, there was an even bigger sale from another insider worth €199k. Insiders have been net sellers, collectively disposing of €419k more than they bought in the last 12 months. Recent Insider Transactions • Mar 20
Executive VP & COO recently sold €199k worth of stock On the 19th of March, Lawrence Ricketts sold around 10k shares on-market at roughly €19.86 per share. This was the largest sale by an insider in the last 3 months. Lawrence has been a seller over the last 12 months, reducing personal holdings by €233k. Reported Earnings • Mar 14
Full year 2020 earnings released: EPS US$1.40 (vs US$0.88 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$81.9m (down 2.3% from FY 2019). Net income: US$27.4m (up 63% from FY 2019). Profit margin: 34% (up from 20% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Analyst Estimate Surprise Post Earnings • Mar 14
Revenue misses expectations Revenue missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 8.5%, compared to a 47% growth forecast for the REITs industry in Germany. Announcement • Mar 14
One Liberty Properties Announces Quarterly Dividend, Payable on Payable April 7, 2021 One Liberty Properties, Inc. announced that its Board of Directors declared a quarterly dividend on the company's common stock of $0.45 per share. The dividend is payable April 7, 2021 to stockholders of record on March 24, 2021. This dividend represents One Liberty's 113th consecutive quarterly dividend. Announcement • Mar 11
Eugene I. Zuriff Not Stands for Re-Election as Board of Directors of One Liberty Properties, Inc One Liberty Properties, Inc. on March 4, 2021, Eugene I. Zuriff, a member of board of directors informed that he will retire from the board effective at 2021 annual meeting of stockholders and will not stand for re-election to the board at such meeting. Mr. Zuriff’s decision to retire and not stand for re-election to the board was not the result of any dispute or disagreement on any matter. Is New 90 Day High Low • Feb 25
New 90-day high: €18.20 The company is up 22% from its price of €14.90 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 3.0% over the same period. Upcoming Dividend • Dec 09
Upcoming Dividend of US$0.45 Per Share Will be paid on the 7th of January to those who are registered shareholders by the 16th of December. The trailing yield of 8.8% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (4.7%). Is New 90 Day High Low • Dec 08
New 90-day high: €16.80 The company is up 7.0% from its price of €15.70 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.45 per share. Announcement • Dec 04
One Liberty Properties, Inc. Elects Edward Gellert as Class 3 Director One Liberty Properties, Inc. announced that on December 2, 2020, the company's board of directors increased to eleven the number of directors on the board and elected Edward Gellert to fill the newly created Class 3 director position. Although the term of the Class 3 directors expires at the 2022 annual meeting of stockholders, because he was elected to his position by the board, Mr. Gellert will serve as a Class 3 director until the 2021 annual meeting of stockholders and when his successor is duly elected and qualifies. Subject to the board's nomination, Mr. Gellert will stand for re-election as a Class 3 director at the annual meeting of stockholders to be held in 2021, to serve for a term expiring at the 2022 annual meeting of stockholders and when his successor is duly elected and qualifies. Mr. Gellert has served since 2018 as Vice President and Managing Director for Commercial Real Estate Debt Investments at Alliance Bernstein, and from 2004 through 2018, he held, among other things, various positions at Avenue Capital Group, including serving as a senior portfolio manager. Mr. Gellert has more than 30 years of real estate industry experience, including investment and portfolio management, lending, distressed-focused investing, deal sourcing and the operation and development of real estate assets. Is New 90 Day High Low • Nov 07
New 90-day low: €12.60 The company is down 17% from its price of €15.20 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 8.0% over the same period. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 1.4%, compared to a 119% growth forecast for the REITs industry in Germany. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS US$0.70 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$21.1m (up 3.0% from 3Q 2019). Net income: US$13.7m (up 185% from 3Q 2019). Profit margin: 65% (up from 24% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year. 
