One Liberty Properties Reports Third Quarter 2026 Results
Q3 FFO up 7.1% to $0.45/sh, AFFO $0.50/sh (+8.7%), revenue $26.6M (+11.9% y/y); $34M Milwaukee portfolio deal pending.
What this release says
One Liberty Properties reported third quarter 2026 results, with total revenues up 11.9% to $26.6 million, driven mainly by industrial acquisitions. Net income fell to $0.04 per diluted share from $0.48 a year earlier, because the prior-year quarter included a much larger $9.1 million gain on property sales. FFO and AFFO per share rose 7.1% and 8.7% respectively, which is the more relevant measure of ongoing operations for a shareholder.
Key figures
- Total revenues
- $26.6 million
- Revenue growth
- 11.9%
- FFO per diluted share
- $0.45
- AFFO per diluted share
- $0.50
- Industrial share of base rent
- Approximately 86%
- Portfolio occupancy
- 97.5%
Positive for shareholders
- Rental income grew 11.9% year over year, led by accretive industrial acquisitions.
- FFO and AFFO per diluted share both increased from the prior-year quarter.
- A new $100 million revolving credit facility extends maturity and adds financial flexibility.
- Portfolio occupancy stood at 97.5% at quarter end.
Negative for shareholders
- Net income per diluted share dropped to $0.04 from $0.48 because of a smaller property sale gain.
- A $1.4 million impairment loss was recorded on a Chicago retail property sale.
- Weighted average share count rose by about 224,000 from stock issuances, which dilutes per-share results.
- Total debt stood at $543.4 million, including $10.0 million drawn on the credit facility.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- FFO:
- Funds from operations, a REIT earnings measure that adds back depreciation and certain property sale gains and losses to net income.
- AFFO:
- Adjusted funds from operations, a version of FFO further adjusted for recurring capital costs and other items, per the company's own definition.
- MSA:
- Metropolitan statistical area, a federally defined urban region with a core city and surrounding communities.
- Accretive:
- Adds to earnings or per-share results after the deal is completed.
FAQ
Why did One Liberty's net income fall so sharply this quarter?
Net income was $0.04 per diluted share versus $0.48 a year earlier, due principally to a $887,000 net gain on property sales this quarter compared with a $9.1 million gain in the prior-year quarter.
What is One Liberty planning to buy next?
The company signed a definitive agreement to purchase a four-building, 277,000 square foot industrial portfolio in the Milwaukee, Wisconsin MSA for $34 million, with closing expected in the fourth quarter of 2026.
How much cash did One Liberty have at quarter end?
At September 30, 2026, One Liberty held $20.1 million of cash and cash equivalents against total debt of $543.4 million.
Historical context for OLP
Across the 11 sessions after earlier OLP headlines, the stock closed higher 7 times and lower 4 times, with a median move of 1.1% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | OLP | SPY |
|---|---|---|---|
| Nov 3, 2026 | One Liberty Properties Signs Agreement to Purchase Four-Building Industrial Portfolio in Milwaukee for $34 Million | -1.3% | +0.3% |
| Sep 16, 2026 | CORRECTING and REPLACING One Liberty Properties Dividend Announcementand 1 other headline that session | -0.8% | -0.4% |
| Aug 6, 2026 | One Liberty Properties Reports Second Quarter 2026 Results | +1.4% | -0.2% |
| Jun 9, 2026 | One Liberty Properties Announces 134TH Consecutive Quarterly Dividend | +1.0% | -0.3% |
| May 7, 2026 | One Liberty Properties Reports First Quarter 2026 Results | +1.5% | -0.3% |
| Mar 6, 2026 | One Liberty Properties Reports Fourth Quarter and Full Year 2025 Results | +0.1% | -1.3% |
- Market cap
- 30-day
- Sector
- Real Estate
- Industry
- Real Estate Investment Trusts
- Listed since
- 1986
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