Welcome to our dedicated page for One Liberty Properties news (Ticker: OLP), a resource for investors and traders seeking the latest updates and insights on One Liberty Properties 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) 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.
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