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One Liberty PropertiesNYSE:OLP Stock Report

Last Price


Market Cap







19 Jan, 2022


Company Financials +
OLP fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance3/6
Financial Health2/6

OLP Stock Overview

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

One Liberty Properties Competitors

Armada Hoffler Properties



CTO Realty Growth



Rexford Industrial Realty



National Storage Affiliates Trust



Price History & Performance

Summary of all time highs, changes and price drops for One Liberty Properties
Historical stock prices
Current Share PriceUS$32.00
52 Week HighUS$36.60
52 Week LowUS$19.46
1 Month Change-2.53%
3 Month Change0.19%
1 Year Change53.85%
3 Year Change17.86%
5 Year Change32.45%
Change since IPO197.67%

Recent News & Updates

Jan 20

One Liberty Properties: The Easy Money Has Been Made

One Liberty Properties has performed exceedingly well in recent months, with fundamentals improving and shares rising as a result. Continued improvement on the bottom line will increase shareholder value further. While shares are likely still undervalued, they are probably only marginally so at this time, with the easy money having been made.

Shareholder Returns


Return vs Industry: OLP exceeded the US REITs industry which returned 29.9% over the past year.

Return vs Market: OLP exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is OLP's price volatile compared to industry and market?
OLP volatility
OLP Average Weekly Movement4.3%
REITs Industry Average Movement4.0%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: OLP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OLP's weekly volatility (4%) has been stable over the past year.

About the Company

19829Patrick Callan

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.

One Liberty Properties Fundamentals Summary

How do One Liberty Properties's earnings and revenue compare to its market cap?
OLP fundamental statistics
Market CapUS$669.16m
Earnings (TTM)US$34.50m
Revenue (TTM)US$79.98m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OLP income statement (TTM)
Cost of RevenueUS$13.20m
Gross ProfitUS$66.79m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)1.65
Gross Margin83.50%
Net Profit Margin43.13%
Debt/Equity Ratio134.0%

How did OLP perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: OLP ($32) is trading below our estimate of fair value ($49.57)

Significantly Below Fair Value: OLP is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: OLP is good value based on its PE Ratio (19.4x) compared to the US REITs industry average (46.3x).

PE vs Market: OLP is poor value based on its PE Ratio (19.4x) compared to the US market (17x).

Price to Earnings Growth Ratio

PEG Ratio: OLP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: OLP is overvalued based on its PB Ratio (2.2x) compared to the US REITs industry average (2x).

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OLP's earnings are forecast to decline over the next 3 years (-69.4% per year).

Earnings vs Market: OLP's earnings are forecast to decline over the next 3 years (-69.4% per year).

High Growth Earnings: OLP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OLP's revenue (4.7% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: OLP's revenue (4.7% 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

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OLP has a large one-off gain of $25.5M impacting its September 30 2021 financial results.

Growing Profit Margin: OLP's current net profit margins (43.1%) are higher than last year (32.3%).

Past Earnings Growth Analysis

Earnings Trend: OLP's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: OLP's earnings growth over the past year (25.9%) exceeds its 5-year average (5.5% per year).

Earnings vs Industry: OLP earnings growth over the past year (25.9%) underperformed the REITs industry 29.5%.

Return on Equity

High ROE: OLP's Return on Equity (11.8%) is considered low.

Financial Health

How is One Liberty Properties's financial position?

Financial Position Analysis

Short Term Liabilities: OLP's short term assets ($43.3M) exceed its short term liabilities ($20.2M).

Long Term Liabilities: OLP's short term assets ($43.3M) do not cover its long term liabilities ($426.6M).

Debt to Equity History and Analysis

Debt Level: OLP's net debt to equity ratio (129.5%) is considered high.

Reducing Debt: OLP's debt to equity ratio has reduced from 156% to 134% over the past 5 years.

Debt Coverage: OLP's debt is not well covered by operating cash flow (11.3%).

Interest Coverage: OLP's interest payments on its debt are not well covered by EBIT (1.5x coverage).

Balance Sheet


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OLP's dividend (5.63%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: OLP's dividend (5.63%) is in the top 25% of dividend payers in the US market (3.48%)

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: With its high payout ratio (105.3%), OLP's dividend payments are not well 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


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Patrick Callan (58 yo)





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 was a Senior Vice President...

CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD1.83M) is about average for companies of similar size in the US market ($USD2.39M).

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

Leadership Team

Experienced Management: OLP's management team is seasoned and experienced (16 years average tenure).

Board Members

Experienced Board: OLP's board of directors are seasoned and experienced ( 17.6 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: OLP insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

One Liberty Properties, Inc.'s 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
  • Implied Market Cap: US$669.158m
  • Shares outstanding: 20.91m
  • Website:

Number of Employees


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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:34
End of Day Share Price2022/01/19 00:00
Annual Earnings2020/12/31

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.