One Liberty Properties Q3 rental income up 4.7% to $22.5M; FFO rises to $0.45/shr

ONE LIBERTY PROPERTIES INC

2023-Q3 EPS reported $0.66

Rental income grew 4.7% YoY to $22.5M in Q3 2023.
Net income $2.7M ($0.12 diluted EPS) vs $7.2M ($0.34) in Q3 2022; prior year included $4.1M gain on sale.
FFO $9.7M ($0.45/shr) and AFFO $10.5M ($0.49/shr), up from $9.2M and $10.1M in Q3 2022.
Repurchased $9.1M of shares in 2023, including $2.5M after quarter end; $8.7M still authorized.
Acquired 177K SF industrial property in Blythewood, SC for $13.4M; contracted to sell Manahawkin, NJ shopping center for ~$36.5M.

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 0.9

ONE LIBERTY PROPERTIES INC reported third quarter ended September 30, 2023 results: revenue $22.5 million, net income $2.7 million, or $0.12 per diluted share, EPS $0.12 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $22.5 million
Net income: $2.7 million, or $0.12 per diluted share
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

we made in the quarter along with our ongoing property sales, positions us to build on the progress we have made this year.” Operating Results: Rental income grew 4.7 % to $22.5 million in the third quarter of 2023, from $21.5 million in the third quarter of 2022. Approximately $580,000 of the growth is due to the net impact of acquisitions and dispositions and

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Source: SEC EDGAR

accession 0001213900-23-083885

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