Earnings ·
One Liberty Reports Q3 Diluted Net Income of $0.04 per Share, Down From $0.48 Prior Year
OLPOne Liberty Properties Inc
One Liberty Properties reported third-quarter 2026 results showing diluted net income of $0.04 per share, a significant decline from $0.48 in the prior-year period, primarily due to an $887,000 net gain on real estate sales compared to a $9.1 million gain previously. Funds from operations (FFO) per diluted share grew 7.1% to $0.45, while adjusted FFO (AFFO) per share increased 8.7% to $0.50. Total revenues rose 11.9% year-over-year to $26.6 million, driven by accretive industrial acquisitions that now comprise approximately 86% of base rent. The company acquired a 100,000-square-foot industrial building in Florida for $11.3 million and entered into an agreement to purchase a four-building Milwaukee portfolio for $34 million. Additionally, One Liberty sold two non-core retail properties during the quarter and five more post-quarter-end for approximately $25.1 million. The company operates as an industrial-focused real estate investment trust.