NYSE$OLP

One Liberty Properties Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported third quarter results, showing rental income growth and net income increase due to property sale gain.

One Liberty Properties reported a 3.4% increase in rental income to $21.1 million and a net income of $13.7 million, or $0.67 per diluted share, primarily due to a $10.3 million gain on the sale of a property.

  • Rental income increased by 3.4% to $21.1 million compared to Q3 2019.
  • Net income attributable to One Liberty was $13.7 million, or $0.67 per diluted share.
  • FFO was $9.7 million, or $0.47 per diluted share.
  • AFFO was $10.0 million, or $0.49 per diluted share.

Headline financials

Total Revenue

$21.1M

Previous: $20.4M+3.2%
EPS (adj)

$0.49

Previous: $0.47+4.3%
Funds From Operations

$9.7M

Previous: $8.3M+16.9%
Funds From Operations per Share

$0.47

Previous: $0.41+14.6%
Adjusted Funds From Operations

$10M

Previous: $9.4M+6.4%
Adjusted Funds From Operations per Share

$0.49

Previous: $0.47+4.3%
Capital Expenditures

-$29.1M

Previous: -$43.3M+32.7%
Free Cash Flow

-$15.4M

Previous: -$38.2M+59.6%
Net Income

$13.7M

Previous: $5.12M+168.2%
Operating Income

$18.3M

Previous: $10.5M+74.0%
Gross Profit

$21.1M

Previous: $20.4M+3.2%
Cash & Equivalents

$14.2M

Previous: $10.9M+29.8%
Total Assets

$787M

Previous: $785M+0.2%
Stock-Based Comp

$1.14M

Previous: $942K+20.6%

Revenue & EPS history

One Liberty Properties · Revenue · Quarterly

$21.1M

Q3 2020+3.2%vs Q3 2019
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

Forward guidance

The company expects the impact of tenant negotiations and the uncertain economic environment to persist into 2021.

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 Q3 2020

Historical avgQ3 2020

+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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