Overview

* One Liberty Properties ( OLP ) Q2 rental income up 12.3% yr/yr, driven by acquisitions

* Adjusted FFO per share grew 2.1% yr/yr

* Company sells three retail assets, gains $6.5 mln

Outlook

* Company expects to close industrial property acquisition by end of Q3 2025

* One Liberty anticipates $1.5 mln annual base rent with 3.5% annual increases

* Company plans to obtain $14 mln mortgage debt for new acquisition

Result Drivers

* INDUSTRIAL FOCUS - Transition to industrial properties positively impacted Q2 results, per CEO Patrick J. Callan, Jr.

* RENTAL INCOME GROWTH - 12.3% increase driven by acquisitions, dispositions, and same-store rental income growth

* ASSET SALES - Sale of three retail assets resulted in a $6.5 mln gain, contributing to overall financial performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $24.50

Rental mln

Income

Q2 EPS Beat $0.39 $0.14 (1

Analyst)

Q2 Net $8.40

Income mln

Q2 Beat $10.60

Adjusted mln

FFO

Q2 FFO $9.70

mln

Q2 $15.70

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for One Liberty Properties Inc ( OLP ) is $29.00, about 22.6% above its August 4 closing price of $22.45

* The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)