NYSE$OLP

One Liberty Properties Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Rental income increased due to same store properties and strategic acquisitions and dispositions.

One Liberty Properties reported a 7.0% increase in rental income for Q1 2023, driven by same-store properties and strategic acquisitions and dispositions. Net income was $5.4 million, or $0.25 per diluted share, compared to $9.3 million, or $0.44 per diluted share, in Q1 2022. FFO was $10.1 million, or $0.47 per diluted share, while AFFO was $10.8 million, or $0.50 per diluted share.

  • Rental income grew by 7.0% year-over-year, reaching $23.0 million.
  • Net income was $5.4 million, or $0.25 per diluted share, including a $1.5 million gain on sale of real estate.
  • FFO was $10.1 million, or $0.47 per diluted share.
  • AFFO was $10.8 million, or $0.50 per diluted share.

Headline financials

Total Revenue

$23M

Previous: $21.6M+6.5%
EPS (adj)

$0.50

Previous: $0.50+0.0%
Capital Expenditures

-$8.89M

Previous: -$9.94M+10.6%
Free Cash Flow

-$3.51M

Previous: -$621K-464.4%
Net Income

$5.39M

Previous: $9.32M-42.2%
Operating Income

$10.1M

Previous: $12.8M-21.1%
Gross Profit

$23M

Previous: $21.6M+6.5%
Cash & Equivalents

$7M

Previous: $11.4M-38.6%
Total Assets

$771M

Previous: $750M+2.8%
Stock-Based Comp

$1.33M

Previous: $1.33M+0.2%

Revenue & EPS history

One Liberty Properties · Revenue · Quarterly

$23M

Q1 2023+6.5%vs Q1 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

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

  • Industrial
    $9.35M

Forward guidance

Forward looking statements rely on several assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words like “may,” “will,” “could,” “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or variations thereof.

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 2023

Historical avgQ1 2023

+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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