secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001213900-23-062987
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390023062987/0001213900-23-062987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390023062987/ea182836-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-062987

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer