One Liberty Q4 net income $15.0M ($0.71), AFFO $0.50; full year rental income $90.6M

ONE LIBERTY PROPERTIES INC

Q4 net income $15.0M ($0.71 diluted) up from $8.9M ($0.42) in Q4 2022, driven by $12M gain on sale of eight properties.
Q4 FFO $9.6M ($0.45/diluted) vs $15.1M ($0.71) in Q4 2022, decline due to prior year including $4.6M Beachwood settlement.
Full year rental income $90.6M vs $92.2M in 2022; net gain on property sales $17.0M from 10 properties plus out-parcel.
Paid off $21.8M of debt using $46.6M property-sale proceeds; repurchased $9.6M shares in 2023.
Occupancy 98.8%; declared 125th consecutive quarterly dividend (amount not stated in release).

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 financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 5, 2024, we issued a press release announcing our results of operations for the quarter and year ended December 31, 2023.

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ONE LIBERTY PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0001213900-24-020129

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