secwatch.observer — SEC 8-K summary
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Issuer:     ONE LIBERTY PROPERTIES INC (OLP)
CIK:        0000712770
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001213900-24-040478
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712770/000121390024040478/0001213900-24-040478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712770/000121390024040478/ea0205427-8k_one.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040478

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer