earnings
confidence high
sentiment positive
materiality 0.65
One Liberty Properties Q1 rental income $21.5M, net income $9.3M ($0.44/diluted)
ONE LIBERTY PROPERTIES INC
2022-Q1 EPS reported
$0.44
revenue$21,556,000
- Rental income $21.5M vs $20.7M YoY; net income $9.3M ($0.44 diluted) vs $3.0M ($0.13) includes $4.6M gain on sale.
- FFO $10.6M ($0.50/diluted) vs $8.8M ($0.42); AFFO $10.7M ($0.50) vs $10.0M ($0.48).
- Acquired additional industrial property; sold properties generating $4.6M gain in Q1 and $6.9M gain in Q2 (closed after quarter).
- CEO notes disciplined underwriting amid low cap rates and rising interest rates to support dividend.