NYSE:OLP

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Undervalued average dividend payer.


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

-2.7%

OLP

-0.4%

US REITs

0.09%

US Market


1 Year Return

-38.6%

OLP

-13.8%

US REITs

12.6%

US Market

Return vs Industry: OLP underperformed the US REITs industry which returned -13.8% over the past year.

Return vs Market: OLP underperformed the US Market which returned 12.6% over the past year.


Shareholder returns

OLPIndustryMarket
7 Day-2.7%-0.4%0.09%
30 Day1.7%-1.3%-1.6%
90 Day3.3%-0.05%7.9%
1 Year-31.4%-38.6%-10.4%-13.8%15.2%12.6%
3 Year-7.2%-26.1%13.2%-0.2%38.9%29.6%
5 Year16.5%-19.6%46.1%16.8%87.6%66.5%

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?

45.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OLP ($17.54) is trading below our estimate of fair value ($32.26)

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 (18x) compared to the US REITs industry average (33.7x).

PE vs Market: OLP is good value based on its PE Ratio (18x) compared to the US market (18.2x).


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 good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.5x).


Next Steps

Future Growth

How is One Liberty Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-36.8%

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 (-36.8% per year).

Earnings vs Market: OLP's earnings are forecast to decline over the next 3 years (-36.8% per year).

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

Revenue vs Market: OLP's revenue (2.4% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: OLP's revenue (2.4% 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?

-5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLP has a large one-off gain of $5.7M impacting its June 30 2020 financial results.

Growing Profit Margin: OLP's current net profit margins (22.3%) are higher than last year (21%).


Past Earnings Growth Analysis

Earnings Trend: OLP's earnings have declined by 5.9% per year over the past 5 years.

Accelerating Growth: OLP's earnings growth over the past year (9.8%) exceeds its 5-year average (-5.9% per year).

Earnings vs Industry: OLP earnings growth over the past year (9.8%) exceeded the REITs industry 3.3%.


Return on Equity

High ROE: OLP's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is One Liberty Properties's financial position?


Financial Position Analysis

Short Term Liabilities: OLP's short term assets ($54.6M) exceed its short term liabilities ($18.1M).

Long Term Liabilities: OLP's short term assets ($54.6M) do not cover its long term liabilities ($498.6M).


Debt to Equity History and Analysis

Debt Level: OLP's debt to equity ratio (170.2%) is considered high.

Reducing Debt: OLP's debt to equity ratio has increased from 129.5% to 170.2% over the past 5 years.

Debt Coverage: OLP's debt is not well covered by operating cash flow (7.5%).

Interest Coverage: OLP's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Next Steps

Dividend

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

10.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OLP's dividend (10.26%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: OLP's dividend (10.26%) is in the top 25% of dividend payers in the US market (4.7%)


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 (100.7%), 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

Management

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

13.7yrs

Average management tenure


CEO

Patrick Callan (57 yo)

12.67yrs

Tenure

US$1,813,001

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 ($USD1.81M) is about average for companies of similar size in the US market ($USD1.99M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Callan
President12.67yrsUS$1.81m1.21%
$ 4.3m
David Kalish
Senior VP & CFO30.25yrsUS$484.07k0.84%
$ 3.0m
Lawrence Ricketts
Executive VP & COO12.67yrsUS$1.17m0.68%
$ 2.4m
S. Gaffney
Investor Relations Contact & Secretaryno datano datano data
Richard Figueroa
Senior VPno datano data0.20%
$ 732.0k
Jeffrey Gould
Senior VP & Director20.75yrsUS$501.73k1.53%
$ 5.5m
Israel Rosenzweig
Senior Vice President23.25yrsno data1.07%
$ 3.8m
Karen Dunleavy
Senior Vice President of Financial1.67yrsno data0.17%
$ 609.5k
Mark Lundy
Senior VP & Assistant Secretary14.67yrsUS$313.08k0.73%
$ 2.6m
Alysa Block
Treasurer13.25yrsno data0.089%
$ 318.4k
Isaac Kalish
VP & Assistant Treasurer13.67yrsno data0.23%
$ 830.4k

13.7yrs

Average Tenure

57.5yo

Average Age

Experienced Management: OLP's management team is seasoned and experienced (13.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Callan
President12.67yrsUS$1.81m1.21%
$ 4.3m
Jeffrey Gould
Senior VP & Director20.75yrsUS$501.73k1.53%
$ 5.5m
Fredric Gould
Vice Chairman of the Board7.25yrsUS$437.61k2.75%
$ 9.9m
Matthew Gould
Chairman of the Board7.25yrsUS$920.25k1.3%
$ 4.7m
Jesse Lovejoy
Independent Lead Director9.25yrsUS$158.49k0.44%
$ 1.6m
Charles Biederman
Independent Director31.25yrsUS$129.99k0.43%
$ 1.5m
Eugene Zuriff
Independent Director14.75yrsUS$140.49k0.19%
$ 665.8k
Joseph DeLuca
Independent Director16.25yrsUS$129.24k0.22%
$ 779.4k
Leor Siri
Independent Director6yrsUS$145.24k0.091%
$ 325.9k
Karen Till
Independent Director1yrUS$10.25k0.016%
$ 56.7k

12.0yrs

Average Tenure

67yo

Average Age

Experienced Board: OLP's board of directors are seasoned and experienced ( 12 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 been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

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$358.511m
  • Shares outstanding: 20.44m
  • 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 Analysis2020/09/20 06:25
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.