One Liberty Properties Third Quarter 2024 Earnings: Beats Expectations

One Liberty Properties (NYSE:OLP) Third Quarter 2024 Results

Key Financial Results

• 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).
• EPS: US$0.25 (up from US$0.12 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

One Liberty Properties Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are up 6.8% from a week ago.

Risk Analysis

You should learn about the 4 warning signs we've spotted with One Liberty Properties (including 2 which are a bit concerning).

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