One Liberty Q1 rental income $22.4M (-2.6% YoY); FFO $0.45, AFFO $0.48; portfolio transition underway

ONE LIBERTY PROPERTIES INC

2024-Q1 EPS reported $0.23

Rental income $22.4M (Q1 2024) vs $23.0M (Q1 2023); net income $5.2M ($0.23 diluted EPS).
FFO $9.6M ($0.45/share) vs $10.1M ($0.47); AFFO $10.2M ($0.48) vs $10.8M ($0.50).
Sold one restaurant in Q1; post-period closed industrial acquisition and four asset sales/contracts (2 retail, 1 restaurant).
Rental income decline primarily due to 11 properties sold in 2023, as previously communicated.

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 the quarter ended March 31, 2024 results: revenue $22.4 million, net income $5.2 million, or $0.23 per diluted share, EPS $0.23 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $22.4 million
Net income: $5.2 million, or $0.23 per diluted share
EPS: $0.23 per diluted share
Result: reported results

Exact text from the filing

thoughtful and disciplined approach will allow us over-time to continue strengthening our portfolio and sustainably growing our cashflow.” Operating Results: Rental income was $22.4 million in the first quarter of 2024 compared to $23.0 million in the same prior year quarter. The change is due primarily to the sale of properties in 2023. Total operating expenses

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Source: SEC EDGAR

accession 0001213900-24-040478

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