earnings
confidence high
sentiment neutral
materiality 0.70
One Liberty Properties Q2 net income $9.6M; FFO $0.43; contracts to buy $61.6M industrial properties
ONE LIBERTY PROPERTIES INC
2024-Q2 EPS reported
$0.68
- Net income $9.6M ($0.45 diluted) vs $6.5M in prior Q2; includes $7.4M gain on property sales.
- FFO $9.2M ($0.43/share) vs $9.6M ($0.45) YoY; AFFO $10.2M ($0.48) vs $10.8M ($0.50).
- Rental income $21.8M, down from $22.4M due to asset sales and same-store lease amendments.
- Signed contracts to acquire two industrial properties for $33M and $28.3M; expected Q3/Q4 closings.
- Sold six properties for $7.4M net gain; available liquidity $134.1M at Aug 1.