NYSE:OLP

Stock Analysis Report

Executive Summary

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982.

Snowflake

Fundamentals

Established dividend payer and slightly overvalued.


Similar Companies

Share Price & News

How has One Liberty Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OLP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.9%

OLP

-1.8%

US REITs

0.3%

US Market


1 Year Return

4.1%

OLP

13.1%

US REITs

12.5%

US Market

Return vs Industry: OLP underperformed the US REITs industry which returned 13.1% over the past year.

Return vs Market: OLP underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

OLPIndustryMarket
7 Day-3.9%-1.8%0.3%
30 Day1.7%-2.0%4.1%
90 Day-1.7%1.3%5.6%
1 Year10.9%4.1%17.8%13.1%15.0%12.5%
3 Year40.2%14.3%37.7%20.7%49.1%39.4%
5 Year72.0%22.0%56.5%23.7%62.8%44.7%

Price Volatility Vs. Market

How volatile is One Liberty Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is One Liberty Properties undervalued compared to its fair value and its price relative to the market?

38.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OLP ($27.59) is trading below our estimate of fair value ($44.72)

Significantly Below Fair Value: OLP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: OLP is poor value based on its PE Ratio (43.1x) compared to the REITs industry average (38.8x).

PE vs Market: OLP is poor value based on its PE Ratio (43.1x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: OLP is poor value based on its PEG Ratio (15.7x)


Price to Book Ratio

PB vs Industry: OLP is good value based on its PB Ratio (1.8x) compared to the US REITs industry average (2x).


Next Steps

Future Growth

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

2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OLP's forecast earnings growth (2.7% per year) is above the savings rate (2.7%).

Earnings vs Market: OLP's earnings (2.7% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: OLP's earnings are forecast to grow, but not significantly.

Revenue vs Market: OLP's revenue (2.7% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: OLP's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if OLP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-3.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLP has large one-off items impacting its financial results.

Growing Profit Margin: OLP's current net profit margins (14.6%) are lower than last year (29.7%).


Past Earnings Growth Analysis

Earnings Trend: OLP's earnings have declined by -3.1% per year over the past 5 years.

Accelerating Growth: OLP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OLP had negative earnings growth (-48.5%) over the past year, making it difficult to compare to the REITs industry average (8.3%).


Return on Equity

High ROE: OLP's Return on Equity (4.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is One Liberty Properties's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: OLP has a high level of physical assets or inventory.

Debt Coverage by Assets: OLP's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: OLP's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if OLP has a sufficient allowance for bad loans.

Low Risk Liabilities: OLP reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if OLP has an acceptable proportion of non-loan assets held.

Low Risk Deposits: OLP has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if OLP has an appropriate level of bad loans.


Next Steps

Dividend

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

6.52%

Current Dividend Yield


Dividend Yield vs Market

company6.5%marketbottom25%1.4%markettop25%3.7%industryaverage3.7%forecastin3Years6.5%

Current dividend yield vs market & industry

Notable Dividend: OLP's dividend (6.52%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: OLP's dividend (6.52%) is in the top 25% of dividend payers in the US market (3.67%)


Stability and Growth of Payments

Stable Dividend: OLP's dividends per share have been stable in the past 10 years.

Growing Dividend: OLP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (95.8%), OLP's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

13.8yrs

Average management tenure


CEO

Patrick Callan (56yo)

11.8yrs

Tenure

US$1,834,548

Compensation

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 Presid ...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD1.83M) is about average for companies of similar size in the US market ($USD1.73M).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.


Management Age and Tenure

13.8yrs

Average Tenure

56yo

Average Age

Experienced Management: OLP's management team is seasoned and experienced (13.8 years average tenure).


Board Age and Tenure

11.8yrs

Average Tenure

67yo

Average Age

Experienced Board: OLP's board of directors are seasoned and experienced ( 11.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$123,04221 May 19
Lawrence Ricketts
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares4,189
Max PriceUS$29.45
SellUS$85,43428 Mar 19
Justin Clair
EntityIndividual
Role
Senior Key Executive
Senior Vice President
Shares2,946
Max PriceUS$29.00
SellUS$148,50225 Mar 19
Lawrence Ricketts
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares5,000
Max PriceUS$29.73
SellUS$59,00021 Mar 19
Justin Clair
EntityIndividual
Role
Senior Key Executive
Senior Vice President
Shares2,000
Max PriceUS$29.50

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Management Team

  • Izzy Rosenzweig (72yo)

    Senior Vice President

    • Tenure: 22.4yrs
  • Jeff Gould (53yo)

    Senior VP & Director

    • Tenure: 19.9yrs
    • Compensation: US$501.73k
  • David Kalish (72yo)

    Senior VP & CFO

    • Tenure: 29.4yrs
    • Compensation: US$496.48k
  • Lawrence Ricketts (42yo)

    Executive VP & COO

    • Tenure: 11.8yrs
    • Compensation: US$1.16m
  • Mark Lundy (57yo)

    Senior VP & Secretary

    • Tenure: 13.8yrs
    • Compensation: US$313.08k
  • Patrick Callan (56yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$1.83m
  • Alysa Block (58yo)

    Treasurer

    • Tenure: 12.4yrs
  • Justin Clair (36yo)

    Senior Vice President

    • Tenure: 0.4yrs
  • Richard Figueroa (51yo)

    VP & Assistant Secretary

    • Tenure: 18.8yrs
  • Asher Gaffney

    Investor Relations Contact

    • Tenure: 0yrs

Board Members

  • Fred Gould (83yo)

    Vice Chairman of the Board

    • Tenure: 6.4yrs
  • Matt Gould (59yo)

    Chairman of the Board

    • Tenure: 6.4yrs
  • Jeff Gould (53yo)

    Senior VP & Director

    • Tenure: 19.9yrs
    • Compensation: US$501.73k
  • Bob Lovejoy (74yo)

    Lead Director

    • Tenure: 8.4yrs
    • Compensation: US$152.99k
  • Charles Biederman (85yo)

    Independent Director

    • Tenure: 30.4yrs
    • Compensation: US$127.99k
  • Louis Karol (61yo)

    Independent Director

    • Tenure: 9.6yrs
    • Compensation: US$128.99k
  • Eugene Zuriff (79yo)

    Independent Director

    • Tenure: 13.9yrs
    • Compensation: US$143.49k
  • Patrick Callan (56yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$1.83m
  • Joseph DeLuca (73yo)

    Independent Director

    • Tenure: 15.4yrs
    • Compensation: US$128.99k
  • Leor Siri (47yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$143.99k

Company Information

One Liberty Properties, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: One Liberty Properties, Inc.
  • Ticker: OLP
  • Exchange: NYSE
  • Founded: 1982
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: US$549.736m
  • Shares outstanding: 19.93m
  • Website: https://www.onelibertyproperties.com

Number of Employees


Location

  • One Liberty Properties, Inc.
  • 60 Cutter Mill Road
  • Suite 303
  • Great Neck
  • New York
  • 11021
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OLPNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 1983
O1ADB (Deutsche Boerse AG)YesCommon StockDEEURApr 1983

Biography

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 p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/11 23:41
End of Day Share Price2019/11/11 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.