OLPNYSEReal Estate Investment TrustsUS GAAP · USD

One Liberty Properties, Inc

One Liberty Properties Inc. is a U.S.-based real estate investment trust that acquires, owns, and manages a diversified portfolio of commercial properties. Its holdings are concentrated in industrial assets and, to a lesser extent, retail properties, with many leased under long-term net lease structures across multiple U.S. states.

Liikevaihto97,2milj. USD
Liikevoitto (EBIT)47,9milj. USD
−4,0 %v/v
EBIT-marginaali49,3%
Nettotulos25,5milj. USD
+141,9 %v/v
Vapaa kassavirta−153milj. USD
−2 529,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

020406080100milj. USD2020: 82 milj. USD2020: EBIT 48 milj. USD20202021: 83 milj. USD2021: EBIT 57 milj. USD20212022: 92 milj. USD2022: EBIT 54 milj. USD20222023: 91 milj. USD2023: EBIT 50 milj. USD20232024: EBIT 50 milj. USD20242025: 97 milj. USD2025: EBIT 48 milj. USD20259748
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Industrial properties65 %

Warehouses, industrial buildings, and related logistics assets leased to tenants.

Retail properties20 %

Retail real estate assets leased to tenants under commercial lease agreements.

Net lease income10 %

Rental income from long-term leases where tenants often reimburse operating costs.

Property sales and dispositions5 %

Gains and proceeds from selling real estate assets and joint venture interests.

Asiakkaat

The company’s tenants are primarily businesses that occupy industrial and retail properties under lease contracts. Its industrial portfolio serves users of warehouse, distribution, and seaport-adjacent facilities, while retail assets are leased to operating businesses needing physical locations. Because many leases are net leases, tenants also bear a significant share of property operating costs, which is attractive to occupiers seeking predictable occupancy terms.

Industrial tenants

Businesses leasing warehouses, industrial buildings, and seaport-adjacent assets for storage, distribution, or operations.

Retail tenants

Operating businesses leasing retail properties for customer-facing locations and local commerce.

Net lease occupiers

Tenants that value long-term occupancy and predictable lease economics, often with expense reimbursements.

Joint venture property users

Tenants in properties held through consolidated or unconsolidated joint ventures.

Strategia

The company’s strategy centers on owning a diversified portfolio of income-producing real estate, with emphasis on industrial assets and long-term net leases. It also uses property sales, acquisitions, and selective financing to manage portfolio composition and capital allocation while maintaining REIT compliance.

Expand and recycle capital within the real estate portfolioKeskipitkä aikaväli

Property acquisitions and dispositions are central to portfolio quality and income stability.

Maintain REIT compliance and distribution capacityLyhyt aikaväli

REIT status depends on meeting tax and operational requirements, including dividend distributions.

Control financing and covenant headroomLyhyt aikaväli

The credit facility and mortgage debt influence acquisition flexibility and liquidity.

Maantiede

One Liberty Properties owns a geographically diversified portfolio across the United States, with properties located in 32 states. The business is not concentrated in a single metro area, but its industrial portfolio includes seaport-based assets that create exposure to trade and tariff-related conditions. Geographic diversification helps spread tenant and local market risk, while also making property selection and lease renewal outcomes more important to performance.

Riskit

The business is exposed to tenant credit risk, lease rollover risk, and property-level impairment risk because cash flow depends on rent collections from a relatively small portfolio of commercial assets. It also faces financing and interest-rate risk through floating-rate borrowings and covenant-based credit facilities, while industrial properties tied to seaport activity can be affected by tariffs, trade disruptions, and local economic weakness.

Järjestetty vakavuuden mukaan
Tenant credit and lease renewal riskKorkea

Cash flow depends on tenants paying rent and renewing or re-leasing space on acceptable terms.

Kohdistuu: Industrial and retail tenants across the portfolio

Property impairment and valuation riskKorkea

Weak tenant performance or local market deterioration can trigger impairment charges.

Kohdistuu: Individual real estate assets and deferred leasing costs

Interest rate and refinancing riskKorkea

Floating-rate debt and future mortgage borrowing costs can pressure financing economics.

Kohdistuu: Credit facility and acquisition financing

Covenant and liquidity restrictionsKorkea

The credit facility requires compliance with financial ratios and limits use of sale proceeds.

KohdistuuBorrowing baseDebt service coverageFixed charge coverage
Trade and tariff exposureKeskitaso

Seaport-based industrial/warehouse properties are sensitive to trade flows and tariff shocks.

Kohdistuu: Industrial properties tied to seaport activity

Kirjanpito

Harkinnanvaraiset erät
Real estate impairment testing

Management estimates future cash flows, cap rates, and fair value to assess whether assets are impaired.

Vaikutus: Can materially reduce net income and asset carrying values

Straight-line rent and lease intangibles

Lease accounting spreads rental income and related intangibles over time rather than matching cash receipts exactly.

Vaikutus: Affects revenue timing and comparability across periods

Gain on sale of real estate

Dispositions can create large non-recurring gains that distort GAAP earnings.

Vaikutus: Can make net income less representative of recurring performance

FFO and AFFO adjustments

Depreciation, amortization, and other non-cash items are added back in REIT performance metrics.

Vaikutus: Important for evaluating cash-generating ability

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 29.4.2026