One Liberty Q2 rental income +4.2% to $22.4M; AFFO $0.50/sh grows YoY

ONE LIBERTY PROPERTIES INC

2023-Q2 EPS reported $0.55

Rental income grew 4.2% YoY to $22.4M, driven by acquisitions, lease amendments, and new tenants.
Net income attributable $6.5M ($0.30 diluted) vs $16.8M ($0.79), which included $5.4M litigation settlement in 2022.
AFFO was $10.8M ($0.50 diluted), up from $10.4M ($0.49) YoY, reflecting rental growth offset by higher expenses.
Repurchased 72,971 shares for $1.5M at avg $19.88; $6.0M remaining under buyback authorization.
Post-quarter: acquired industrial distribution center near Columbia, SC for $13.4M (incl. $4.3M debt assumption).

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 0.95

ONE LIBERTY PROPERTIES INC reported the quarter ended June 30, 2023 results: revenue $22.4 million, net income $6.5 million, EPS $0.30 per diluted share.

Period: the quarter ended June 30, 2023
Revenue: $22.4 million
Net income: $6.5 million
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

Our efforts, including the evolution toward an industrial focused portfolio, should contribute to our performance as we move forward.” Operating Results: Rental income was $22.4 million in the second quarter of 2023 compared to $21.5 million in the second quarter of 2022. The 4.2% growth is due primarily to an additional $567,000 from the net impact of

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Source: SEC EDGAR

accession 0001213900-23-062987

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