NYSE$OLP

One Liberty Properties Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported third quarter 2021 results, showing a decrease in rental income due to property dispositions, but an improvement in total operating expenses.

One Liberty Properties reported a decrease in rental income and net income for the third quarter of 2021 compared to the same period in 2020, primarily due to property dispositions. However, AFFO remained relatively stable.

  • Rental income decreased to $20.3 million, compared to $21.1 million in Q3 2020.
  • Net income attributable to One Liberty was $6.1 million, or $0.28 per diluted share, compared to $13.7 million, or $0.67 per diluted share, in Q3 2020.
  • Adjusted Funds from Operations (AFFO) was $10.1 million, or $0.48 per diluted share, compared to $10.0 million, or $0.49 per diluted share, for the corresponding quarter in the prior year.
  • The company acquired a 103,000 square foot industrial property in Lehigh Acres, Florida for $9.4 million.

Headline financials

Total Revenue

$20.4M

Previous: $21.1M-3.0%
EPS (adj)

$0.48

Previous: $0.49-2.0%
Capital Expenditures

-$19.5M

Previous: -$29.1M+32.9%
Free Cash Flow

-$13.5M

Previous: -$15.4M+12.5%
Net Income

$6.06M

Previous: $13.7M-55.9%
Operating Income

$9.3M

Previous: $18.3M-49.0%
Gross Profit

$20.4M

Previous: $21.1M-3.0%
Cash & Equivalents

$13.7M

Previous: $14.2M-3.5%
Total Assets

$752M

Previous: $787M-4.4%
Stock-Based Comp

$1.16M

Previous: $1.14M+2.4%

Revenue & EPS history

One Liberty Properties · Revenue · Quarterly

$20.4M

Q3 2021-3%vs Q3 2020
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

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

  • Industrial
    $9.35M

Forward guidance

Forward looking statements involve risks, uncertainties and other factors which are, in some cases, beyond our control and which could materially affect actual results, performance or achievements.

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 2021

Historical avgQ3 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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