Major Estimate Revision • 1h
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from US$1.05 to US$1.21. Revenue forecast steady at US$108.5m. Net income forecast to shrink 48% next year vs 7.6% decline forecast for Industrial REITs industry in the US. Consensus price target broadly unchanged at US$26.83. Share price was steady at US$24.62 over the past week. Reported Earnings • Aug 07
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: FFO per share: US$0.5 (up from US$0.47 in 2Q 2025). Revenue: US$27.0m (up 10% from 2Q 2025). Funds from operations (FFO): US$10.8m (up 12% from 2Q 2025). FFO margin: 40% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Industrial REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Recent Insider Transactions • Jul 01
Executive VP & COO recently sold US$232k worth of stock On the 29th of June, Lawrence Ricketts sold around 9k shares on-market at roughly US$24.39 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 US$515k. Recent Insider Transactions Derivative • Jun 26
Executive VP & COO notifies of intention to sell stock Lawrence Ricketts intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of June. If the sale is conducted around the recent share price of US$24.64, it would amount to US$296k. Since September 2025, Lawrence's direct individual holding has increased from 174.93k shares to 177.52k. Company insiders have collectively sold US$484k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Jun 12
First quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 25th June 2026 Payment date: 9th July 2026 Dividend yield will be 7.3%, which is higher than the industry average of 2.9%. 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. Major Estimate Revision • Jun 09
Consensus EPS estimates increase by 78% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from US$0.59 to US$1.05. Revenue forecast steady at US$108.8m. Net income forecast to shrink 26% next year vs 11% decline forecast for Industrial REITs industry in the US. Consensus price target broadly unchanged at US$26.50. Share price rose 4.3% to US$24.42 over the past week. Recent Insider Transactions • May 15
Executive Vice President recently sold US$63k worth of stock On the 8th of May, Justin Clair sold around 3k shares on-market at roughly US$23.36 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$139k. Insiders have been net sellers, collectively disposing of US$934k more than they bought in the last 12 months. Reported Earnings • May 07
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.30 (up from US$0.18 in 1Q 2025). Revenue: US$28.3m (up 17% from 1Q 2025). Net income: US$6.24m (up 63% from 1Q 2025). Profit margin: 22% (up from 16% in 1Q 2025). Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Industrial REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 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 Recent Insider Transactions • Apr 08
Executive VP & COO recently sold US$66k worth of stock On the 2nd of April, Lawrence Ricketts sold around 3k shares on-market at roughly US$21.86 per share. This transaction amounted to 1.7% 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 US$139k. Lawrence has been a net seller over the last 12 months, reducing personal holdings by US$732k. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 06 April 2026. Trailing yield: 8.1%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (3.8%). Recent Insider Transactions • Mar 13
Executive Vice President recently sold US$139k worth of stock On the 11th of March, Justin Clair sold around 6k shares on-market at roughly US$23.17 per share. This transaction amounted to 14% 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 US$735k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Mar 11
Executive VP & COO notifies of intention to sell stock Lawrence Ricketts intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of March. If the sale is conducted around the recent share price of US$23.26, it would amount to US$513k. Since March 2025, Lawrence's direct individual holding has decreased from 202.34k shares to 195.27k. Company insiders have collectively sold US$596k more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Mar 10
Now 20% undervalued Over the last 90 days, the stock has risen 9.9% to US$23.06. The fair value is estimated to be US$28.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.9%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to decline by 65% in the next 2 years. Declared Dividend • Mar 09
Fourth quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 27th March 2026 Payment date: 6th April 2026 Dividend yield will be 7.6%, which is higher than the industry average of 2.9%. Reported Earnings • Mar 08
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: FFO per share: US$1.9 (up from US$1.85 in FY 2024). Revenue: US$98.3m (up 8.6% from FY 2024). Funds from operations (FFO): US$39.2m (up 3.0% from FY 2024). FFO margin: 40% (down from 42% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Industrial REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 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. Price Target Changed • Feb 02
Price target decreased by 12% to US$22.50 Down from US$25.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$21.74. Stock is down 15% over the past year. The company is forecast to post earnings per share of US$1.23 for next year compared to US$1.41 last year. Declared Dividend • Dec 12
Third quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 22nd December 2025 Payment date: 6th January 2026 Dividend yield will be 8.6%, which is higher than the industry average of 2.9%. 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. Major Estimate Revision • Nov 14
Consensus EPS estimates increase by 34% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$0.92 to US$1.23. Revenue forecast steady at US$96.9m. Net income forecast to shrink 55% next year vs 12% decline forecast for Industrial REITs industry in the US. Consensus price target of US$24.67 unchanged from last update. Share price was steady at US$20.62 over the past week. Price Target Changed • Nov 07
Price target decreased by 7.5% to US$24.67 Down from US$26.67, the current price target is an average from 3 analysts. New target price is 20% above last closing price of US$20.62. Stock is down 29% over the past year. The company is forecast to post earnings per share of US$0.92 for next year compared to US$1.41 last year. Reported Earnings • Nov 07
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$0.50 (up from US$0.23 in 3Q 2024). Revenue: US$23.8m (up 7.1% from 3Q 2024). Net income: US$10.5m (up 116% from 3Q 2024). Profit margin: 44% (up from 22% in 3Q 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 85%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Industrial REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Declared Dividend • Sep 12
Second quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 24th September 2025 Payment date: 6th October 2025 Dividend yield will be 7.9%, which is higher than the industry average of 4.4%. 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. Recent Insider Transactions Derivative • Sep 04
Executive VP & COO notifies of intention to sell stock Lawrence Ricketts intends to sell 21k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of September. If the sale is conducted around the recent share price of US$23.55, it would amount to US$489k. Since March 2025, Lawrence's direct individual holding has decreased from 202.34k shares to 189.95k. Company insiders have collectively sold US$1.4m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Aug 29
Price target decreased by 8.0% to US$26.67 Down from US$29.00, the current price target is an average from 3 analysts. New target price is 12% above last closing price of US$23.89. Stock is down 11% over the past year. The company is forecast to post earnings per share of US$0.89 for next year compared to US$1.41 last year. New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 50% 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 (1.5x net interest cover). Earnings are forecast to decline by an average of 50% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (102% payout ratio). Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$449k sold). Reported Earnings • Aug 06
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: FFO per share: US$0.5 (up from US$0.45 in 2Q 2024). Revenue: US$24.5m (up 12% from 2Q 2024). Funds from operations (FFO): US$9.70m (up 4.9% from 2Q 2024). FFO margin: 40% (down from 42% in 2Q 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 179%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the REITs industry in the US. 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 5% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 13
Executive VP & COO recently sold US$389k worth of stock On the 12th of June, Lawrence Ricketts sold around 15k shares on-market at roughly US$25.55 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Lawrence has been a net seller over the last 12 months, reducing personal holdings by US$725k. Recent Insider Transactions Derivative • Jun 11
Executive VP & COO notifies of intention to sell stock Lawrence Ricketts intends to sell 33k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of June. If the sale is conducted around the recent share price of US$25.90, it would amount to US$847k. Since September 2024, Lawrence's direct individual holding has increased from 193.06k shares to 202.34k. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Jun 09
First quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 25th June 2025 Payment date: 9th July 2025 Dividend yield will be 7.2%, which is higher than the industry average of 4.4%. 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. Reported Earnings • May 07
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: US$0.20 (down from US$0.23 in 1Q 2024). Revenue: US$24.2m (up 7.4% from 1Q 2024). Net income: US$4.16m (down 14% from 1Q 2024). Profit margin: 17% (down from 22% in 1Q 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 5.3%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% 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. 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 Recent Insider Transactions • Apr 11
Executive Vice President recently sold US$83k worth of stock On the 4th of April, Justin Clair sold around 3k shares on-market at roughly US$25.10 per share. This transaction amounted to 8.5% 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 US$1.9m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Apr 07
Executive Vice President notifies of intention to sell stock Justin Clair intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of April. If the sale is conducted around the recent share price of US$25.88, it would amount to US$155k. Since June 2024, Justin's direct individual holding has decreased from 39.25k shares to 39.07k. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months. New Risk • Mar 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 47% 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 (1.6x net interest cover). Earnings are forecast to decline by an average of 47% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (101% payout ratio). Large one-off items impacting financial results. Recent Insider Transactions Derivative • Mar 12
Executive VP & COO notifies of intention to sell stock Lawrence Ricketts intends to sell 21k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$27.27, it would amount to US$573k. Since March 2024, Lawrence's direct individual holding has increased from 192.10k shares to 204.74k. Company insiders have collectively sold US$1.7m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Mar 09
Fourth quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 27th March 2025 Payment date: 4th April 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.4%. Reported Earnings • Mar 06
Full year 2024 earnings released: FFO per share: US$1.8 (vs US$1.90 in FY 2023) Full year 2024 results: FFO per share: US$1.8 (down from US$1.90 in FY 2023). Revenue: US$90.5m (flat on FY 2023). Funds from operations (FFO): US$38.0m (down 2.5% from FY 2023). FFO margin: 42% (down from 44% in FY 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% 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. 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. Declared Dividend • Dec 16
Third quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 23rd December 2024 Payment date: 6th January 2025 Dividend yield will be 6.2%, which is higher than the industry average of 4.4%. 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 • Dec 03
Executive Vice President recently sold US$186k worth of stock On the 27th of November, Justin Clair sold around 6k shares on-market at roughly US$30.15 per share. This transaction amounted to 16% 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 US$381k. Insiders have been net sellers, collectively disposing of US$1.7m more than they bought in the last 12 months. Recent Insider Transactions • Nov 17
Senior VP & Director recently sold US$381k worth of stock On the 12th of November, Jeffrey Gould sold around 13k shares on-market at roughly US$28.50 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 US$1.5m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 13
Senior VP & Director notifies of intention to sell stock Jeffrey Gould intends to sell 13k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of November. If the sale is conducted around the recent share price of US$29.06, it would amount to US$388k. Since March 2024, Jeffrey's direct individual holding has decreased from 393.28k shares to 374.02k. Company insiders have collectively sold US$1.1m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Nov 11
Price target increased by 13% to US$28.50 Up from US$25.25, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$29.18. Stock is up 55% over the past year. The company is forecast to post earnings per share of US$0.97 for next year compared to US$1.38 last year. 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 Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (US$83k sold). Reported Earnings • Nov 06
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 64%. 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. 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 5% per year, which means it has not declined as severely as earnings. Recent Insider Transactions Derivative • Sep 19
Executive VP & COO notifies of intention to sell stock Lawrence Ricketts intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of September. If the sale is conducted around the recent share price of US$28.54, it would amount to US$314k. Since December 2023, Lawrence's direct individual holding has increased from 175.00k shares to 193.06k. Company insiders have collectively sold US$1.1m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Sep 13
Second quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 24th September 2024 Payment date: 2nd October 2024 Dividend yield will be 6.4%, which is higher than the industry average of 4.4%. Recent Insider Transactions • Sep 01
Executive Vice President recently sold US$83k worth of stock On the 29th of August, Justin Clair sold around 3k shares on-market at roughly US$26.63 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 US$416k. Insiders have been net sellers, collectively disposing of US$1.1m more than they bought in the last 12 months. Major Estimate Revision • Aug 14
Consensus EPS estimates increase by 47%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$90.5m to US$88.8m. EPS estimate rose from US$0.66 to US$0.97. Net income forecast to shrink 45% next year vs 32% decline forecast for REITs industry in the US. Consensus price target up from US$25.25 to US$26.75. Share price was steady at US$24.65 over the past week. Price Target Changed • Aug 13
Price target increased by 8.1% to US$26.75 Up from US$24.75, the current price target is an average from 2 analysts. New target price is 8.1% above last closing price of US$24.75. Stock is up 23% over the past year. The company is forecast to post earnings per share of US$0.97 for next year compared to US$1.38 last year. Reported Earnings • Aug 07
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind 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 missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates significantly. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the REITs industry in the US. 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 7% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jul 07
Senior VP & Director recently sold US$416k worth of stock On the 3rd of July, Jeffrey Gould sold around 18k shares on-market at roughly US$23.11 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 US$757k more than they bought in the last 12 months. Major Estimate Revision • Jul 05
Consensus EPS estimates increase by 22% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.54 to US$0.66. Revenue forecast steady at US$90.5m. Net income forecast to shrink 54% next year vs 18% decline forecast for REITs industry in the US. Consensus price target up from US$24.75 to US$25.25. Share price was steady at US$23.24 over the past week. Recent Insider Transactions Derivative • Jun 28
Executive VP & COO notifies of intention to sell stock Lawrence Ricketts intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of June. If the sale is conducted around the recent share price of US$22.95, it would amount to US$110k. Since September 2023, Lawrence's direct individual holding has increased from 179.67k shares to 192.10k. Company insiders have collectively sold US$341k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 27
Executive Vice President recently sold US$92k worth of stock On the 24th of June, Justin Clair sold around 4k shares on-market at roughly US$24.27 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 US$341k 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: 7.5%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (5.9%). Declared Dividend • Jun 13
First quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 25th June 2024 Payment date: 9th July 2024 Dividend yield will be 7.6%, which is higher than the industry average of 4.4%. Recent Insider Transactions Derivative • May 23
Executive Vice President notifies of intention to sell stock Justin Clair intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of May. If the sale is conducted around the recent share price of US$24.17, it would amount to US$121k. Since September 2023, Justin's direct individual holding has decreased from 46.25k shares to 44.25k. Company insiders have collectively sold US$324k more than they bought, via options and on-market transactions in the last 12 months. 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: EPS exceeds analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 77%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as 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. Recent Insider Transactions Derivative • Apr 05
Executive Vice President notifies of intention to sell stock Justin Clair intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of April. If the sale is conducted around the recent share price of US$22.40, it would amount to US$123k. Since September 2023, Justin's direct individual holding has increased from 46.25k shares to 49.75k. Company insiders have collectively sold US$324k more than they bought, via options and on-market transactions in the last 12 months. 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 American dividend payers (4.7%). Higher than average of industry peers (6.1%). Price Target Changed • Mar 13
Price target increased by 8.0% to US$23.50 Up from US$21.75, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$22.41. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of US$0.55 for next year compared to US$1.38 last year. Declared Dividend • Mar 07
Fourth quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 26th March 2024 Payment date: 4th April 2024 Dividend yield will be 8.3%, which is higher than the industry average of 4.4%. Reported Earnings • Mar 06
Full year 2023 earnings: EPS exceeds analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 70%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the REITs industry in the US. 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 4% 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 US$104k worth of stock On the 28th of December, Lawrence Ricketts sold around 5k shares on-market at roughly US$22.33 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 US$585k. Recent Insider Transactions Derivative • Dec 29
Executive VP & COO notifies of intention to sell stock Lawrence Ricketts intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of December. If the sale is conducted around the recent share price of US$22.45, it would amount to US$212k. Since March 2023, Lawrence's direct individual holding has increased from 168.67k shares to 179.67k. Company insiders have collectively sold US$863k more than they bought, via options and on-market transactions in the last 12 months. 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 American dividend payers (4.8%). Higher than average of industry peers (4.6%). 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 compared to a 5.6% growth forecast for the REITs industry in the US. 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 4% 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. Upcoming Dividend • Sep 25
Upcoming dividend of US$0.45 per share at 9.4% yield Eligible shareholders must have bought the stock before 02 October 2023. Payment date: 11 October 2023. Trailing yield: 9.4%. Within top quartile of American dividend payers (5.1%). Higher than average of industry peers (4.8%). 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.