---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-062987"
form_type: "8-K"
ticker: "OLP"
cik: "0000712770"
company_name: "ONE LIBERTY PROPERTIES INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:58:45.182851+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001213900-23-062987
- form_type: 8-K
- ticker: OLP
- cik: 0000712770
- company_name: ONE LIBERTY PROPERTIES INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712770/000121390023062987/0001213900-23-062987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712770/000121390023062987/ea182836-8k_oneliberty.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-062987
- JSON: https://secwatch.observer/filing/0001213900-23-062987.json
- Plain text: https://secwatch.observer/filing/0001213900-23-062987.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/712770/000121390023062987/0001213900-23-062987-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.