earnings
confidence high
sentiment neutral
materiality 0.50
One Liberty Properties Q3 net income $6.1M, AFFO $10.1M; two acquisitions closed/pending
ONE LIBERTY PROPERTIES INC
2021-Q3 EPS reported
$1.55
revenue$61,674,000
- Net income $6.1M ($0.28 diluted) vs $13.7M ($0.67) in Q3 2020; prior year included $10.3M gain on sale.
- AFFO $10.1M ($0.48 per share) vs $10.0M ($0.49) YoY; FFO $9.8M ($0.47) flat.
- Acquired industrial property in Lehigh Acres, FL for $9.4M with $6.1M 3.17% mortgage; pending $8.0M purchase of Home Depot-leased warehouse in Omaha.
- Available liquidity $105.2M at Nov 1; weighted average shares up 583,000 from stock issuance.
- Rental income $20.3M, down from $21.1M due to property dispositions.