earnings
confidence high
sentiment positive
materiality 0.65
One Liberty Q4 net income $8.9M ($0.42/sh), up 37%; rental income $27.7M
ONE LIBERTY PROPERTIES INC
- Q4 rental income $27.7M vs $20.8M YoY, includes $4.6M Beachwood lawsuit settlement benefit.
- Net income attributable to OLP $8.9M, $0.42 diluted EPS, up from $6.5M, $0.30 in Q4 2021.
- Full year 2022: leased over 1.1M sq ft; portfolio occupancy at 99.8%.
- CEO cites per share net income and AFFO growth despite inflation and rate volatility.
- Q4 2021 net income included $2.7M gain from sale of two properties.