---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-040478"
form_type: "8-K"
ticker: "OLP"
cik: "0000712770"
company_name: "ONE LIBERTY PROPERTIES INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:15:57.402489+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-040478
- form_type: 8-K
- ticker: OLP
- cik: 0000712770
- company_name: ONE LIBERTY PROPERTIES INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712770/000121390024040478/0001213900-24-040478-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712770/000121390024040478/ea0205427-8k_one.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-040478
- JSON: https://secwatch.observer/filing/0001213900-24-040478.json
- Plain text: https://secwatch.observer/filing/0001213900-24-040478.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/712770/000121390024040478/0001213900-24-040478-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.