One Liberty Properties Q1: rental income +7% to $23M; net income $0.25/share vs $0.44 YoY

ONE LIBERTY PROPERTIES INC

2023-Q1 EPS reported $0.25

Rental income grew 7.0% YoY to $23.0M, driven by same-store growth and net property acquisitions.
Net income attributable to One Liberty was $5.4M ($0.25 diluted) vs $9.3M ($0.44) in Q1 2022, down on lower gains.
FFO per diluted share $0.47 vs $0.50 YoY; AFFO flat at $0.50 per share.
CEO highlights transformation toward industrial properties contributing positively to portfolio growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

ONE LIBERTY PROPERTIES INC reported the quarter ended March 31, 2023 results: revenue $23.0 million, net income $5.4 million, EPS $0.25 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $23.0 million
Net income: $5.4 million
EPS: $0.25 per diluted share
Result: reported results

Exact text from the filing

continuing to selectively monetize assets where we can realize strong gains or that we believe have reached their full potential.” Operating Results: Rental income grew 7.0% to $23.0 million in the first quarter of 2023 from $21.5 million in the first quarter of 2022. This growth is due primarily to increases in rental income from same store properties and to a

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Source: SEC EDGAR

accession 0001213900-23-036418

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