NYSE$OLP

One Liberty Properties Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported stability in portfolio with over 98% of first quarter rents collected, driven by industrial-focused REIT transformation.

One Liberty Properties reported first quarter results with 98% of billed rents collected, demonstrating portfolio stability. Net income was $3.0 million, or $0.13 per diluted share. Adjusted Funds from Operations was $10.0 million, or $0.48 per diluted share.

  • Collected 98% of billed rents in the first quarter.
  • Rental income was $20.7 million in the first quarter of 2021.
  • Net income attributable to One Liberty was $3.0 million, or $0.13 per diluted share.
  • Adjusted Funds from Operations was $10.0 million, or $0.48 per diluted share.

Headline financials

Total Revenue

$20.8M

Previous: $21.2M-2.0%
EPS (adj)

$0.48

Previous: $0.51-5.9%
Capital Expenditures

-$29M

Previous: -$28.6M-1.4%
Free Cash Flow

-$26.1M

Previous: -$20.8M-25.3%
Net Income

$2.96M

Previous: $7.83M-62.2%
Operating Income

$7.66M

Previous: $13.1M-41.4%
Gross Profit

$20.8M

Previous: $21.2M-2.0%
Cash & Equivalents

$11.2M

Previous: $21.4M-47.6%
Total Assets

$768M

Previous: $806M-4.7%
Stock-Based Comp

$1.34M

Previous: $976K+37.6%

Revenue & EPS history

One Liberty Properties · Revenue · Quarterly

$20.8M

Q1 2021-2%vs Q1 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

One Liberty Properties · $9.35M total across 1 segment · Q4 2020

  • Industrial
    $9.35M

Forward guidance

The company remains committed to ensuring that the portfolio provides consistent cash flow to support our dividend. In addition, given the competitive environment for desirable industrial properties, we will remain diligent and disciplined in our pursuit of accretive acquisitions to create long-term sustained value for our stockholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.2%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+2.6%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+12.7%

Q2 2011

Best reaction

-7.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%+3.6%+5.6%
Q4 2025+0.1%-3.3%-7.0%
Q3 2025+1.3%+1.2%+1.4%
Q1 2025-0.8%-3.8%+1.4%
Q4 2024+0.3%+0.9%-7.9%
Q3 2024+7.5%+7.8%+10.0%
Q2 2024+1.6%+2.3%+8.8%
Q1 2024+0.3%+2.3%+1.2%
Q4 2023+3.4%-1.4%+3.6%
Q3 2023-1.5%-2.2%+12.6%
Q2 2023-0.6%+0.6%-2.6%
Q1 2023-3.7%-10.1%-4.5%
Q4 2022+8.6%+7.6%+8.0%
Q3 2022+2.3%+0.3%+3.5%
Q2 2022-4.7%-5.6%-13.4%
Q1 2022-7.1%-9.4%-5.0%
Q4 2021+2.1%-0.0%+0.7%
Q3 2021+4.9%+4.4%+0.4%
Q2 2021-0.3%+0.1%+0.5%
Q1 2021-0.8%+1.1%+6.3%
Q4 2020-1.1%-0.5%+0.7%
Q3 2020-1.2%-3.7%+21.7%
Q2 2020+4.2%+6.8%+11.2%
Q1 2020+12.6%-1.7%+32.4%
Q4 2019-5.2%-29.3%-3.3%
Q3 2019-5.9%-3.8%-2.3%
Q2 2019+1.0%+0.5%-5.2%
Q1 2019-0.3%+2.3%+3.8%
Q4 2018+1.4%+1.4%-8.5%
Q3 2018-0.5%+2.6%+0.9%
Q2 2018+3.8%+4.5%+4.5%
Q1 2018-0.7%+1.4%+5.2%
Q4 2017+0.7%+1.5%-0.9%
Q3 2017+0.0%+2.2%+7.7%
Q2 2017-1.1%-4.3%-1.5%
Q1 2017-0.9%-4.0%-2.8%
Q4 2016+1.6%+3.6%+3.5%
Q3 2016+4.3%+3.1%+8.1%
Q2 2016+5.1%+4.9%+2.2%
Q1 2016-0.2%
Q4 2015+0.7%
Q3 2015-1.8%
Q2 2015+0.9%
Q1 2015-0.3%
Q4 2014+4.2%
Q3 2014-0.7%
Q2 2014+0.4%
Q1 2014-1.3%
Q4 2013+1.0%
Q3 2013-1.1%
Q2 2013-0.1%
Q1 2013+1.1%
Q4 2012+3.1%
Q3 2012+0.7%
Q2 2012-1.2%
Q1 2011+0.3%
Q1 2012+3.7%
Q4 2011-0.2%
Q4 2009-0.2%
Q3 2011-2.3%
Q3 2010-2.3%
Q2 2010+12.7%
Q4 2010+12.7%
Q2 2011+12.7%
Q1 2010+6.5%

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