secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001213900-24-020129
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390024020129/0001213900-24-020129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390024020129/ea0201168-8k_oneliberty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-020129

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