Earnings ·
One Liberty Properties reported second quarter 2026 results with diluted net income of $0.71 per share, a 82% increase…
OLPOne Liberty Properties Inc
One Liberty Properties reported second quarter 2026 results with diluted net income of $0.71 per share, a 82% increase year-over-year. Funds from operations (FFO) rose 8.9% to $0.49 per share, while adjusted FFO grew 4.1% to $0.51 per share. Rental income increased 10.3% to $27 million, driven by accretive industrial acquisitions that now comprise approximately 85% of base rent. The company sold three non-core properties for net proceeds of $16.3 million and a $13.4 million gain, with additional sales pending or completed post-quarter. Subsequent to the quarter end, One Liberty entered into a new up to $100 million revolving credit facility maturing in December 2029. The company operates as an industrial-focused real estate investment trust.