secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001213900-22-068976
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

One Liberty Q3 net income $7.2M ($0.34 EPS); same-store rental income up; Regal Cinemas bankruptcy threatens future rent
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- Q3 net income $7.2M ($0.34 diluted) vs $6.1M ($0.28) YoY; includes $4.1M gain on property sale.
- FFO $9.2M ($0.44 diluted) vs $9.8M ($0.47); AFFO flat at $10.1M ($0.48) per diluted share.
- Rental income $21.5M, up 5.9% YoY; same-store rental income increased $741k.
- Regal Cinemas parent filed Chapter 11; OLP expects materially reduced rent from three properties (scheduled $3.0M next 12 months, $22.2M thereafter).
- Post-quarter: extended Shutterfly lease to 2033 with $2.0M base rent (+67%) and Power Distributor lease 7 yrs at $864k base (+10%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390022068976/0001213900-22-068976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390022068976/ea167997-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-068976

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