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OLP

One Liberty Properties NYSE:OLP Stock Report

Last Price

US$25.81

Market Cap

US$545.3m

7D

-7.0%

1Y

-16.1%

Updated

06 Aug, 2022

Data

Company Financials +
OLP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends6/6

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

Price History & Performance

Summary of all time highs, changes and price drops for One Liberty Properties
Historical stock prices
Current Share PriceUS$25.81
52 Week HighUS$36.60
52 Week LowUS$24.33
Beta1.32
1 Month Change-0.23%
3 Month Change-1.75%
1 Year Change-16.12%
3 Year Change-8.99%
5 Year Change10.44%
Change since IPO140.09%

Recent News & Updates

Jun 21

One Liberty Properties And Haverty: High Yield Investments I'm Buying

One Liberty Properties is a well-diversified REIT. Insiders hold roughly a fifth of One Liberty Properties stock. Haverty Furniture leases a number of stores from One Liberty Properties. Haverty has zero debt and a low dividend payout ratio.

Shareholder Returns

OLPUS REITsUS Market
7D-7.0%-1.9%1.0%
1Y-16.1%-8.0%-12.9%

Return vs Industry: OLP underperformed the US REITs industry which returned -8% over the past year.

Return vs Market: OLP underperformed the US Market which returned -12.8% over the past year.

Price Volatility

Is OLP's price volatile compared to industry and market?
OLP volatility
OLP Average Weekly Movement3.6%
REITs Industry Average Movement4.4%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: OLP is less volatile than 75% 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

FoundedEmployeesCEOWebsite
19829Patrick Callanhttps://www.onelibertyproperties.com

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$545.27m
Earnings (TTM)US$37.33m
Revenue (TTM)US$84.63m

14.6x

P/E Ratio

6.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OLP income statement (TTM)
RevenueUS$84.63m
Cost of RevenueUS$13.97m
Gross ProfitUS$70.66m
Other ExpensesUS$33.33m
EarningsUS$37.33m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.77
Gross Margin83.50%
Net Profit Margin44.11%
Debt/Equity Ratio135.0%

How did OLP perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

83%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is OLP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OLP?

Other financial metrics that can be useful for relative valuation.

OLP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.3x
Enterprise Value/EBITDA19.1x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does OLP's PE Ratio compare to its peers?

OLP PE Ratio vs Peers
The above table shows the PE ratio for OLP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.9x
AHH Armada Hoffler Properties
23.8x-30.1%US$1.2b
CTO CTO Realty Growth
17.4x-83.8%US$393.6m
ALEX Alexander & Baldwin
49.1x87.9%US$1.4b
FREV.S First Real Estate Investment Trust of New Jersey
3.8xn/aUS$174.9m
OLP One Liberty Properties
14.6x-53.0%US$545.3m

Price-To-Earnings vs Peers: OLP is good value based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (33.9x).


Price to Earnings Ratio vs Industry

How does OLP's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Earnings vs Industry: OLP is good value based on its Price-To-Earnings Ratio (14.6x) compared to the US REITs industry average (31.2x)


Price to Earnings Ratio vs Fair Ratio

What is OLP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OLP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.6x
Fair PE Ratio11.5x

Price-To-Earnings vs Fair Ratio: OLP is expensive based on its Price-To-Earnings Ratio (14.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).


Share Price vs Fair Value

What is the Fair Price of OLP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OLP ($25.81) is trading below our estimate of fair value ($50.22)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-53.0%

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 (-53% per year).

Earnings vs Market: OLP's earnings are forecast to decline over the next 3 years (-53% per year).

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

Revenue vs Market: OLP's revenue (2.2% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: OLP's revenue (2.2% 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


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Past Performance

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

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OLP has a large one-off gain of $23.6M impacting its June 30 2022 financial results.

Growing Profit Margin: OLP's current net profit margins (44.1%) are lower than last year (51.8%).


Past Earnings Growth Analysis

Earnings Trend: OLP's earnings have grown by 14.6% 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 (-10.8%) over the past year, making it difficult to compare to the REITs industry average (47.6%).


Return on Equity

High ROE: OLP's Return on Equity (12.3%) is considered low.


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Financial Health

How is One Liberty Properties's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OLP's short term assets ($36.2M) exceed its short term liabilities ($20.2M).

Long Term Liabilities: OLP's short term assets ($36.2M) do not cover its long term liabilities ($464.6M).


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 144.3% to 135% over the past 5 years.

Debt Coverage: OLP's debt is not well covered by operating cash flow (10.8%).

Interest Coverage: OLP's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.97%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OLP's dividend (6.97%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: OLP's dividend (6.97%) is in the top 25% of dividend payers in the US market (4.09%)


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.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (83.3%), OLP's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (82.8%), OLP's dividend payments are covered by cash flows.


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Management

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

16.6yrs

Average management tenure


CEO

Patrick Callan (59 yo)

16.58yrs

Tenure

US$1,808,489

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 was a Senior Vice President...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD1.81M) is below average for companies of similar size in the US market ($USD2.70M).

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 (16.6 years average tenure).


Board Members

Experienced Board: OLP's board of directors are seasoned and experienced ( 18.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$545.270m
  • Shares outstanding: 21.13m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.