earnings
confidence high
sentiment neutral
materiality 0.65
One Liberty Q3 net income $0.23/sh, FFO $0.43/sh; buys $33M industrial
ONE LIBERTY PROPERTIES INC
2024-Q3 EPS reported
$0.91
- Net income $5.2M ($0.23 diluted) vs $2.7M ($0.12) in Q3 2023; gain on property sales boosted results.
- FFO $9.2M ($0.43 diluted) vs $9.7M ($0.45) YoY; AFFO $9.9M ($0.46) vs $10.5M ($0.49).
- Rental income $22.2M vs $22.5M YoY; expenses flat at $14.3M.
- Acquired 302,347-sq-ft industrial in Council Bluffs, IA for $33M with $18.4M mortgage (6.08%, IO until 2029).
- Signed sales agreements for 3 properties post-quarter: LA Fitness (NJ, $21.4M), retail (OH, $1.6M), retail (MN, $14.2M); estimated total gain ~$7M.