NYSE$OLP

One Liberty Properties Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced third quarter 2024 results, closed on industrial property purchase, and completed sales agreements for six properties.

One Liberty Properties reports a net income of $5.2 million, or $0.23 per diluted share, for the third quarter of 2024, compared to $2.7 million, or $0.12 per diluted share, in the same quarter of 2023. Rental income was $22.2 million compared to $22.5 million in the third quarter of 2023. The company completed the purchase of an industrial property for $33.0 million and secured sales agreements for six properties.

  • Rental income was $22.2 million compared to $22.5 million in the third quarter of 2023.
  • Net income attributable to One Liberty was $5.2 million, or $0.23 per diluted share, compared to $2.7 million, or $0.12 per diluted share, in the same quarter of 2023.
  • Funds from Operations (FFO) was $9.2 million, or $0.43 per diluted share, compared to $9.7 million, or $0.45 diluted share, in the same quarter of 2023.
  • Adjusted Funds from Operations (AFFO) was $9.9 million, or $0.46 per diluted share for the quarter compared to $10.5 million, or $0.49 per diluted share, in 2023.

Headline financials

Total Revenue

$22.2M

Previous: $22.5M-1.5%
EPS

$0.23

Previous: $0.49-53.1%
Total Debt

$426M

No prior period
Funds From Operations

$9.2M

Previous: $9.7M-5.2%
Adjusted Funds From Operations

$9.9M

Previous: $10.5M-5.7%
Capital Expenditures

-$47.1M

Previous: -$13.1M-259.2%
Free Cash Flow

-$41.9M

Previous: -$10.4M-304.5%
Net Income

$5.18M

Previous: $2.75M+88.5%
Operating Income

$10M

Previous: $8.57M+16.8%
Gross Profit

$22.2M

Previous: $22.5M-1.5%
Stock-Based Comp

$1.25M

Previous: $1.21M+3.1%

Revenue & EPS history

One Liberty Properties · Revenue · Quarterly

$22.2M

Q3 2024-1.5%vs Q3 2023
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

Estimates of rental income for 2024 and thereafter exclude any related variable rent, anticipated property purchases and/or sales may not be completed during the period indicated or at all, estimates of net proceeds and gains from property sales are subject to adjustment, among other things, because actual closing costs may differ from the estimated costs.

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 2024

Historical avgQ3 2024

+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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