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. reports developments as an industrial-focused real estate investment trust that acquires, owns and manages a geographically diversified U.S. property portfolio. News commonly covers rental income, occupancy, FFO and AFFO, annual base rent from industrial assets, and the company’s continuing shift toward industrial properties while selling non-core assets.
Company updates also address completed industrial property acquisitions, mortgage and credit-facility financing, tenant and lease characteristics, gains on real estate sales, governance matters and quarterly common-stock dividends. One Liberty is a Maryland REIT organized in 1982, and its operating releases emphasize portfolio composition, capital recycling and recurring rental income.
One Liberty Properties (NYSE: OLP) announced on June 10, 2024, that its Board of Directors has declared a quarterly dividend of $0.45 per share. This dividend will be payable on July 9, 2024, to stockholders of record as of June 25, 2024. This marks the company's 126th consecutive quarterly dividend. Notably, One Liberty has either increased or maintained its dividend for over 30 consecutive years, showcasing its consistent performance and commitment to returning value to shareholders.
One Liberty Properties, Inc. reported its first quarter 2024 results, highlighting the acquisition of an industrial property, the sale of two assets, and contracts for three additional sales. The Company focused on transitioning its portfolio towards industrial ownership in the face of economic uncertainty. Despite a decrease in rental income, the net income was $5.2 million with a gain on sale of real estate. Funds from Operations (FFO) were $9.6 million, and Adjusted Funds from Operations (AFFO) were $10.2 million for the quarter. The balance sheet showed $27.4 million in cash, total assets of $755.7 million, and total debt of $416.5 million. The Company had liquidity of $115.1 million. Transactions included property sales generating net proceeds of $13-14 million and the acquisition of a 63,421 square foot industrial property in Albuquerque for $6.5 million.
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