NYSE$OLP

One Liberty Properties Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

One Liberty Properties reported second quarter 2022 results, purchased 3 industrial properties, and generated $8.1 million of gains from property sales.

One Liberty Properties reported rental income of $21.5 million and net income of $16.8 million, or $0.79 per diluted share, for the second quarter of 2022. The company purchased three industrial properties and sold two properties, generating $8.1 million in gains.

  • Rental income increased to $21.5 million compared to $20.3 million in the second quarter of 2021.
  • Net income attributable to One Liberty was $16.8 million, or $0.79 per diluted share.
  • Funds from Operations (FFO) was $14.7 million, or $0.69 per diluted share.
  • Adjusted Funds from Operations (AFFO) was $10.4 million, or $0.49 per diluted share.

Headline financials

Total Revenue

$21.5M

Previous: $20.4M+5.1%
EPS (adj)

$0.49

Previous: $0.48+2.1%
Funds From Operations

$14.7M

No prior period
Funds From Operations per Share

$0.69

No prior period
Adjusted Funds From Operations

$10.4M

No prior period
Adjusted Funds From Operations per Share

$0.49

No prior period
Capital Expenditures

-$42.3M

Previous: -$9.58M-341.6%
Free Cash Flow

-$25.5M

Previous: $13.7M-285.8%
Net Income

$16.8M

Previous: $23.3M-28.1%
Operating Income

$16M

Previous: $29M-44.7%
Gross Profit

$21.5M

Previous: $20.4M+5.1%
Cash & Equivalents

$17.6M

Previous: $16M+10.1%
Total Assets

$781M

Previous: $753M+3.6%
Stock-Based Comp

$1.56M

Previous: $1.69M-7.5%

Revenue & EPS history

One Liberty Properties · Revenue · Quarterly

$21.5M

Q2 2022+5.1%vs Q2 2021
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 involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could materially affect the Company’s results of operations, financial condition, cash flows, performance or future achievements or events.

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 Q2 2022

Historical avgQ2 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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