NYSE$OLP

One Liberty Properties Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported results for the quarter ended March 31, 2022, including an additional industrial property acquisition and gains from property sales.

One Liberty Properties reported an increase in rental income and net income for the first quarter of 2022, driven by additional rental income, insurance recoveries, and a reduction in interest expense, partially offset by increased compensation expense. The company continues to evolve its portfolio to maximize long-term cash flow and remains disciplined in its acquisition strategy.

  • Rental income increased to $21.5 million compared to $20.7 million in the first quarter of 2021.
  • Net income attributable to One Liberty was $9.3 million, or $0.44 per diluted share, compared to $3.0 million, or $0.13 per diluted share, in the first quarter of 2021.
  • Funds from Operations (FFO) was $10.6 million, or $0.50 per diluted share, compared to $8.8 million, or $0.42 per diluted share, in the first quarter of 2021.
  • Adjusted Funds from Operations (AFFO) was $10.7 million, or $0.50 per diluted share, compared to $10.0 million, or $0.48 per diluted share, for the corresponding quarter in the prior year.

Headline financials

Total Revenue

$21.6M

Previous: $20.8M+3.6%
EPS (adj)

$0.50

Previous: $0.48+4.2%
Capital Expenditures

-$9.94M

Previous: -$29M+65.7%
Free Cash Flow

-$621K

Previous: -$26.1M+97.6%
Net Income

$9.32M

Previous: $2.96M+214.8%
Operating Income

$12.8M

Previous: $7.66M+67.3%
Gross Profit

$21.6M

Previous: $20.8M+3.6%
Cash & Equivalents

$11.4M

Previous: $11.2M+1.8%
Total Assets

$750M

Previous: $768M-2.4%
Stock-Based Comp

$1.33M

Previous: $1.34M-1.3%

Revenue & EPS history

One Liberty Properties · Revenue · Quarterly

$21.6M

Q1 2022+3.6%vs Q1 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

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

  • Industrial
    $9.35M

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 2022

Historical avgQ1 2022

+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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