One Liberty Stock Price, News & Analysis

One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly dividend of $0.45 per share, payable on April 7, 2021, to stockholders of record by March 24, 2021. This marks the 113th consecutive quarterly dividend declared by the company. One Liberty is a self-managed real estate investment trust with a diversified portfolio focused on industrial, retail, restaurant, health and fitness, and theater properties, often under long-term net leases.

One Liberty Properties has declared a quarterly cash dividend of $0.45 per share for its common stock. This dividend is set to be paid on January 7, 2021, to stockholders of record by December 17, 2020. The company anticipates that this dividend will contribute to the 2021 taxable income.

One Liberty Properties (NYSE: OLP) reported Q3 2020 operating results, noting a 3.4% increase in rental income to $21.1 million compared to Q3 2019. Net income rose significantly to $13.7 million or $0.67 per diluted share, boosted by a $10.3 million gain on property sale. Funds from Operations (FFO) increased to $9.7 million, while Adjusted Funds from Operations (AFFO) reached $10.0 million. The company maintained 95.5% rent collection during Q3 despite COVID-19 challenges, with an occupancy rate of 96.9% as of early November.

One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly dividend of $0.45 per share, payable on October 29, 2020 to stockholders of record as of September 21, 2020. The dividend will be distributed in a combination of 75% cash and 25% common stock, allowing shareholders to choose between receiving their payment in cash, stock, or a mix of both. The common stock issued will be valued based on the average trading price from the last five trading days prior to the payment date. The dividend reinvestment feature of the plan is temporarily suspended.

One Liberty Properties reported a 1.0% increase in rental income, totaling $20.9 million for Q2 2020. Net income fell to $2.3 million or $0.10 per diluted share, down from $4.1 million a year ago. The company collected 77.1% of rents due during the quarter, deferring $3.1 million in rent payments. As of August 3, 2020, the occupancy rate stood at 96.9%. After selling a retail asset for $10.3 million on July 1, One Liberty improved its liquidity profile, with available liquidity of $74.6 million.

One Liberty Properties (NYSE: OLP) has successfully completed the sale of a 35,300 square foot building in Knoxville, TN, leased to CarMax, for $18 million. The proceeds will help repay an $8.5 million mortgage and reduce credit facility debt by $8.7 million. The company expects to recognize a gain of approximately $10.3 million from this sale, minus a $829,000 mortgage swap termination fee. Following these transactions, available liquidity stands at $79.1 million, including $18.2 million in cash. The firm aims to maintain a strong balance sheet amid market challenges.

One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly dividend of $0.45 per share, to be distributed 50% in cash and 50% in common stock. The dividend is payable on July 31, 2020, to shareholders of record by June 22, 2020. This approach aligns with the company's strategy to enhance liquidity amid economic uncertainty. Stockholders may choose to receive their dividends entirely in cash or stock, with the market value of stock based on the volume weighted average trading price for five days prior to July 28, 2020.

One Liberty Properties (NYSE: OLP) has rescheduled its 2020 Annual Meeting of Stockholders to June 30, 2020, at 1:00 p.m. Eastern Time, from the originally planned date of June 10, 2020. This change is due to the ongoing COVID-19 pandemic, and all attendees are requested to wear facemasks. Further details regarding agenda items for the meeting are provided in the proxy statement and the 2019 Annual Report, available through the company’s website.