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One Liberty Properties

NYSE:OLP
Snowflake Description

Established dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OLP
NYSE
$580M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The last earnings update was 11 days ago. More info.


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OLP Share Price and Events
7 Day Returns
1.1%
NYSE:OLP
1.8%
US REITs
-0.7%
US Market
1 Year Returns
17.4%
NYSE:OLP
16.3%
US REITs
3%
US Market
OLP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
One Liberty Properties (OLP) 1.1% 9.8% 3.4% 17.4% 30.4% 36.8%
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • OLP outperformed the REITs industry which returned 16.3% over the past year.
  • OLP outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
OLP
Industry
5yr Volatility vs Market

OLP Value

 Is One Liberty Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of One Liberty Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for One Liberty Properties.

NYSE:OLP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:OLP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (77.64%))
0.904
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.904 * 5.96%)
8.12%

Discounted Cash Flow Calculation for NYSE:OLP using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for One Liberty Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

One Liberty Properties is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:OLP DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 8.12%)
2019 41.85 Analyst x1 38.71
2020 43.39 Analyst x1 37.12
2021 45.06 Est @ 3.85% 35.66
2022 46.65 Est @ 3.52% 34.14
2023 48.18 Est @ 3.28% 32.61
2024 49.68 Est @ 3.12% 31.10
2025 51.17 Est @ 3% 29.63
2026 52.66 Est @ 2.92% 28.21
2027 54.17 Est @ 2.86% 26.84
2028 55.70 Est @ 2.82% 25.52
Present value of next 10 years cash flows $319.53
NYSE:OLP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $55.70 × (1 + 2.73%) ÷ (8.12% – 2.73%)
$1,062.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,062.08 ÷ (1 + 8.12%)10
$486.62
NYSE:OLP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $319.53 + $486.62
$806.15
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $806.15 / 19.69
$40.95
NYSE:OLP Discount to Share Price
Calculation Result
Value per share (USD) From above. $40.95
Current discount Discount to share price of $29.45
= -1 x ($29.45 - $40.95) / $40.95
28.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price One Liberty Properties is available for.
Intrinsic value
28%
Share price is $29.45 vs Future cash flow value of $40.95
Current Discount Checks
For One Liberty Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • One Liberty Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • One Liberty Properties's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for One Liberty Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are One Liberty Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:OLP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.94
NYSE:OLP Share Price ** NYSE (2019-05-17) in USD $29.45
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of One Liberty Properties.

NYSE:OLP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:OLP Share Price ÷ EPS (both in USD)

= 29.45 ÷ 0.94

31.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • One Liberty Properties is good value based on earnings compared to the US REITs industry average.
  • One Liberty Properties is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does One Liberty Properties's expected growth come at a high price?
Raw Data
NYSE:OLP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-0.2%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for One Liberty Properties, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on One Liberty Properties's assets?
Raw Data
NYSE:OLP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.52
NYSE:OLP Share Price * NYSE (2019-05-17) in USD $29.45
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:OLP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:OLP Share Price ÷ Book Value per Share (both in USD)

= 29.45 ÷ 15.52

1.9x

* Primary Listing of One Liberty Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • One Liberty Properties is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess One Liberty Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. One Liberty Properties has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OLP Future Performance

 How is One Liberty Properties expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover One Liberty Properties, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is One Liberty Properties expected to grow at an attractive rate?
  • One Liberty Properties's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • One Liberty Properties's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • One Liberty Properties's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:OLP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:OLP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -0.2%
NYSE:OLP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:OLP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:OLP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 93 1
2019-12-31 87 1
NYSE:OLP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 81 41 18
2018-12-31 80 43 19
2018-09-30 79 44 24
2018-06-30 79 43 21
2018-03-31 78 45 26
2017-12-31 77 44 23
2017-09-30 76 39 23
2017-06-30 75 39 21
2017-03-31 74 35 23
2016-12-31 72 30 23
2016-09-30 69 34 24
2016-06-30 67 32 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • One Liberty Properties's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • One Liberty Properties's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:OLP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from One Liberty Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OLP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
NYSE:OLP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.94
2018-12-31 1.05
2018-09-30 1.28
2018-06-30 1.12
2018-03-31 1.44
2017-12-31 1.29
2017-09-30 1.31
2017-06-30 1.18
2017-03-31 1.34
2016-12-31 1.40
2016-09-30 1.47
2016-06-30 1.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if One Liberty Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess One Liberty Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
One Liberty Properties has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OLP Past Performance

  How has One Liberty Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare One Liberty Properties's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • One Liberty Properties's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • One Liberty Properties's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • One Liberty Properties's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
One Liberty Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from One Liberty Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OLP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 81.37 17.59 12.53
2018-12-31 80.06 19.49 12.30
2018-09-30 79.26 23.52 12.21
2018-06-30 79.24 20.55 11.83
2018-03-31 77.75 26.04 11.75
2017-12-31 76.74 23.08 11.60
2017-09-30 75.88 23.29 11.46
2017-06-30 74.78 20.55 11.44
2017-03-31 73.75 22.98 11.22
2016-12-31 71.59 23.42 10.99
2016-09-30 68.58 24.25 10.63
2016-06-30 66.78 23.72 10.27
2016-03-31 64.79 15.11 10.04
2015-12-31 63.06 19.67 9.76
2015-09-30 61.93 26.09 9.78
2015-06-30 60.80 24.96 9.54
2015-03-31 59.73 25.89 9.15
2014-12-31 59.44 21.38 8.96
2014-09-30 58.64 13.20 8.46
2014-06-30 56.54 13.33 8.24
2014-03-31 53.92 16.63 8.05
2013-12-31 51.59 16.69 7.80
2013-09-30 47.99 15.60 7.70
2013-06-30 46.37 16.30 7.63
2013-03-31 46.10 11.67 7.44
2012-12-31 44.87 11.34 7.32
2012-09-30 44.38 11.62 7.01
2012-06-30 43.40 10.68 6.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • One Liberty Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • One Liberty Properties used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • One Liberty Properties's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess One Liberty Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
One Liberty Properties has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OLP Health

 How is One Liberty Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up One Liberty Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • One Liberty Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • One Liberty Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of One Liberty Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from One Liberty Properties Company Filings, last reported 1 month ago.

NYSE:OLP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 295.38 450.11 14.10
2018-12-31 298.60 448.99 17.60
2018-09-30 307.51 402.98 21.97
2018-06-30 301.70 411.54 16.96
2018-03-31 300.25 410.02 16.65
2017-12-31 298.50 403.43 15.38
2017-09-30 296.86 405.10 15.97
2017-06-30 293.38 423.57 15.46
2017-03-31 289.83 399.09 14.67
2016-12-31 291.93 406.66 18.68
2016-09-30 274.32 428.59 17.65
2016-06-30 266.05 387.28 35.56
2016-03-31 257.29 359.35 10.54
2015-12-31 262.43 353.10 12.74
2015-09-30 257.50 367.06 13.90
2015-06-30 259.55 335.24 17.19
2015-03-31 258.20 336.91 23.15
2014-12-31 255.90 308.44 20.37
2014-09-30 249.95 317.25 14.39
2014-06-30 251.20 323.60 18.45
2014-03-31 249.14 299.32 16.38
2013-12-31 250.09 302.07 16.90
2013-09-30 248.91 301.77 19.07
2013-06-30 250.57 227.85 40.93
2013-03-31 238.45 231.19 16.39
2012-12-31 238.06 227.44 14.58
2012-09-30 236.50 218.35 15.43
2012-06-30 220.04 237.67 15.35
  • One Liberty Properties's level of debt (152.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (120.2% vs 152.4% today).
  • Debt is not well covered by operating cash flow (9.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess One Liberty Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. One Liberty Properties has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OLP Dividends

 What is One Liberty Properties's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.11%
Current annual income from One Liberty Properties dividends.
If you bought $2,000 of One Liberty Properties shares you are expected to receive $122 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • One Liberty Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • One Liberty Properties's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:OLP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:OLP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
NYSE:OLP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-11 1.800 6.344
2018-12-06 1.800 6.730
2018-09-13 1.800 6.828
2018-06-13 1.800 6.543
2018-03-12 1.800 7.434
2017-12-06 1.800 7.356
2017-09-13 1.720 6.869
2017-06-14 1.720 7.182
2017-05-09 1.720 7.444
2016-12-07 1.720 7.180
2016-09-12 1.640 6.843
2016-06-10 1.640 6.725
2016-03-10 1.640 7.237
2015-12-10 1.640 7.849
2015-09-11 1.560 6.906
2015-06-11 1.560 7.058
2015-03-10 1.560 6.728
2014-12-11 1.560 6.469
2014-09-11 1.480 6.768
2014-06-11 1.480 6.914
2014-03-13 1.480 6.755
2013-12-10 1.480 6.992
2013-09-10 1.400 6.713
2013-06-13 1.400 6.214
2013-03-13 1.400 6.010
2012-12-12 1.400 6.511
2012-09-11 1.320 6.948
2012-06-12 1.320 7.003
2012-03-05 1.320 7.167
2011-12-13 1.320 7.583
2011-09-13 1.320 8.394
2011-06-14 1.320 8.600
2011-03-08 1.320 8.655
2010-12-08 1.320 8.111
2010-09-14 1.200 7.423
2010-06-14 1.200 7.868
2010-03-09 1.200 7.593
2009-12-11 0.880 9.345
2009-09-11 0.880 10.237
2009-06-04 0.880 13.219

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of One Liberty Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess One Liberty Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can One Liberty Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. One Liberty Properties has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OLP Management

 What is the CEO of One Liberty Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patrick Callan
COMPENSATION $1,834,548
AGE 55
TENURE AS CEO 11.3 years
CEO Bio

Mr. Patrick J. Callan, Jr. has been the Chief Executive Officer and President of One Liberty Properties Inc. since January 1, 2008 and January 3, 2006 respectively. Mr. Callan has been a Senior Vice President of First Washington Realty since March 2004. He served as a Vice President of Real Estate at Kimco Realty Corporation since May, 1998 and also served as its Director of Real Estate from November 1990 to May 1998. Mr. Callan has been a Director of One Liberty Properties Inc. since June 2002.

CEO Compensation
  • Patrick's compensation has been consistent with company performance over the past year.
  • Patrick's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the One Liberty Properties management team in years:

13.3
Average Tenure
55
Average Age
  • The average tenure for the One Liberty Properties management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Patrick Callan

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
11.3 yrs

David Kalish

TITLE
Senior VP & CFO
COMPENSATION
$496K
AGE
71
TENURE
28.9 yrs

Lawrence Ricketts

TITLE
Executive VP & COO
COMPENSATION
$1M
AGE
41
TENURE
11.3 yrs

Asher Gaffney

TITLE
Investor Relations Contact

Jeff Gould

TITLE
Senior VP & Director
COMPENSATION
$502K
AGE
52
TENURE
19.4 yrs

Izzy Rosenzweig

TITLE
Senior Vice President
AGE
71
TENURE
21.9 yrs

Mark Lundy

TITLE
Senior VP & Secretary
COMPENSATION
$313K
AGE
56
TENURE
13.3 yrs

Justin Clair

TITLE
Senior Vice President
AGE
35
TENURE
0.3 yrs

Alysa Block

TITLE
Treasurer
AGE
57
TENURE
11.9 yrs

Richard Figueroa

TITLE
VP & Assistant Secretary
AGE
50
TENURE
18.3 yrs
Board of Directors Tenure

Average tenure and age of the One Liberty Properties board of directors in years:

11.3
Average Tenure
66
Average Age
  • The average tenure for the One Liberty Properties board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Matt Gould

TITLE
Chairman of the Board
AGE
58
TENURE
5.9 yrs

Patrick Callan

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
16.9 yrs

Fred Gould

TITLE
Vice Chairman of the Board
AGE
82
TENURE
5.9 yrs

Jeff Gould

TITLE
Senior VP & Director
COMPENSATION
$502K
AGE
52
TENURE
19.4 yrs

Eugene Zuriff

TITLE
Director
COMPENSATION
$143K
AGE
78
TENURE
13.4 yrs

Louis Karol

TITLE
Director
COMPENSATION
$129K
AGE
60
TENURE
9.1 yrs

Leor Siri

TITLE
Director
COMPENSATION
$144K
AGE
46
TENURE
4.7 yrs

Bob Lovejoy

TITLE
Lead Director
COMPENSATION
$153K
AGE
73
TENURE
7.9 yrs

Charles Biederman

TITLE
Director
COMPENSATION
$128K
AGE
84
TENURE
29.9 yrs

Joseph DeLuca

TITLE
Director
COMPENSATION
$129K
AGE
72
TENURE
14.9 yrs
Who owns this company?
Recent Insider Trading
  • One Liberty Properties insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Mar 19 Sell Justin Clair Individual 28. Mar 19 28. Mar 19 -2,946 $29.00 $-85,434
25. Mar 19 Sell Lawrence Ricketts Individual 21. Mar 19 21. Mar 19 -5,000 $29.73 $-148,502
21. Mar 19 Sell Justin Clair Individual 20. Mar 19 20. Mar 19 -2,000 $29.50 $-59,000
06. Aug 18 Sell Jesse Lovejoy Individual 06. Aug 18 06. Aug 18 -4,000 $28.06 $-111,736
14. Jun 18 Sell Justin Clair Individual 12. Jun 18 12. Jun 18 -980 $26.03 $-25,483
31. May 18 Sell Lawrence Ricketts Individual 31. May 18 31. May 18 -1,800 $25.50 $-45,900
31. May 18 Sell Lawrence Ricketts Individual 29. May 18 31. May 18 -3,200 $25.60 $-81,869
21. May 18 Sell Justin Clair Individual 21. May 18 21. May 18 -3,100 $25.05 $-77,507
X
Management checks
We assess One Liberty Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. One Liberty Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OLP News

Simply Wall St News

Three Things You Should Check Before Buying One Liberty Properties, Inc. (NYSE:OLP) For Its Dividend

Dividend paying stocks like One Liberty Properties, Inc. … In this case, One Liberty Properties likely looks attractive to investors, given its 6.4% dividend yield and a payment history of over ten years. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

When Should You Buy One Liberty Properties, Inc. (NYSE:OLP)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $29.67 at one point, and dropping to the lows of $25.12. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether One Liberty Properties's current trading price of $27.23 reflective of the actual value of the?

Simply Wall St -

Do Institutions Own One Liberty Properties, Inc. (NYSE:OLP) Shares?

If you want to know who really controls One Liberty Properties, Inc. … One Liberty Properties is not a large company by global standards. … Check out our latest analysis for One Liberty Properties

Simply Wall St -

Does One Liberty Properties, Inc.'s (NYSE:OLP) CEO Salary Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Patrick Callan's Compensation Compare With Similar Sized Companies. … is worth US$545m, and total annual CEO compensation is US$1.7m.

Simply Wall St -

One Liberty Properties, Inc. (NYSE:OLP): What Does Its Beta Value Mean For Your Portfolio?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should You Be Impressed By One Liberty Properties, Inc.'s (NYSE:OLP) ROE?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every $1 worth of shareholders' equity, it generated $0.083 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

You May Have Been Looking At One Liberty Properties, Inc. (NYSE:OLP) All Wrong

One Liberty Properties, Inc. … real estate investment trust (REIT) based in Great Neck, United States. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation.

Simply Wall St -

Did One Liberty Properties, Inc. (NYSE:OLP) Insiders Sell Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in One Liberty Properties, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … All up, insiders sold more shares in One Liberty Properties than they bought, over the last year

Simply Wall St -

How Much is One Liberty Properties Inc's (NYSE:OLP) CEO Getting Paid?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Patrick Callan's Compensation Compare With Similar Sized Companies. … According to our data, One Liberty Properties Inc has a market capitalization of US$499m, and pays its CEO total annual compensation worth US$1.7m

Simply Wall St -

One Liberty Properties Inc (NYSE:OLP) Has A ROE Of 7.5%

To keep the lesson grounded in practicality, we'll use ROE to better understand One Liberty Properties Inc (NYSE:OLP). … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.075 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

OLP Company Info

Description

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.

Details
Name: One Liberty Properties, Inc.
OLP
Exchange: NYSE
Founded: 1982
$579,726,283
19,685,103
Website: http://1liberty.com
Address: One Liberty Properties, Inc.
60 Cutter Mill Road,
Suite 303,
Great Neck,
New York, 11021,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE OLP Common Stock New York Stock Exchange US USD 25. Apr 1983
DB O1A Common Stock Deutsche Boerse AG DE EUR 25. Apr 1983
Number of employees
Current staff
Staff numbers
9
One Liberty Properties employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:38
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.