One Liberty Properties receives Regal lease amendments; near-term rent reduced, leases shortened

ONE LIBERTY PROPERTIES INC

Regal amended leases for three properties; assumption subject to bankruptcy court approval.
Lease expirations shortened: Greensboro from Mar 2035 to Mar 2030, Indianapolis from Dec 2032 to Dec 2030, JV property from Nov 2026 to Dec 2024.
Regal now obligated to pay ~$756k through Dec 2023 and ~$7.7M base rent from 2024-2030 at wholly-owned properties.
Regal relieved of $138k deferred rent; JV property rent changed to percentage rent only with credit for prior overpayments.
Original obligations of $1.6M near-term and $21.7M through 2035 replaced with lower amounts.

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