Welcome to our dedicated page for One Liberty news (Ticker: OLP), a resource for investors and traders seeking the latest updates and insights on One Liberty stock.
One Liberty Properties, Inc. (OLP) is a New York Stock Exchange-listed REIT specializing in net leased industrial properties. This page serves as the definitive source for OLP-related news, offering investors and analysts timely updates on strategic portfolio moves, financial performance, and market developments.
Access curated press releases, earnings reports, and analysis of OLP's ongoing portfolio transformation. Track the company's focus on industrial asset acquisitions, non-core property dispositions, and operational metrics like Funds From Operations (FFO).
Our coverage includes:
- Quarterly financial results and dividend announcements
- Strategic acquisitions in key industrial markets
- Portfolio optimization through targeted dispositions
- Leadership updates and corporate governance matters
Bookmark this page for streamlined access to OLP's evolving strategy in the net lease industrial sector. Combine our news archive with fundamental analysis tools for comprehensive investment research.
On March 30, 2023, Rainbow Realty Group and MJ Real Estate Investment Trust announced a significant loan closing of $4.50 million, secured by five properties in Colorado. The properties are operated by Silver Stem Fine Cannabis, a notable player in the cannabis sector with 10 dispensaries and two cultivation sites in Colorado. The funds aim to consolidate existing debt and facilitate future growth opportunities for Silver Stem in a competitive market. Rainbow's President expressed optimism regarding Silver Stem's continued success, highlighting its profitable operations despite industry challenges.
One Liberty Properties (NYSE: OLP) reported strong operating results for 2022, achieving revenues of $92.2 million, up from $82.2 million in 2021, primarily due to a $4.6 million benefit from a lawsuit settlement. The company also reported a net income of $42.2 million, or $1.99 per share, a rise from $38.9 million, or $1.85 per share, in 2021. The fourth quarter saw similar growth, with rental income reaching $27.7 million compared to $20.8 million a year prior. Occupancy remained high at 99.8%. The company repurchased shares and declared its 121st consecutive quarterly dividend of $0.45 per share, scheduled for April 4, 2023.
One Liberty Properties announced a quarterly dividend of $0.45 per share, payable on April 4, 2023, to stockholders of record by March 27, 2023. This marks the company's 121st consecutive quarterly dividend, underscoring its commitment to returning value to shareholders. One Liberty is a self-managed real estate investment trust with a diverse portfolio, primarily consisting of industrial properties, often under long-term net leases.
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