Profile
Sector:
Real EstateIndustry:
DiversifiedCountry:
United StatesIPO:
25 April 1983Next earnings report:
02 August 2024Last dividends:
25 June 2024Next dividends:
N/APrice
after hours | Fri, 05 Jul 2024 20:02:44 GMTAnalysts recommendations
Institutional Ownership
OLP Latest News
One Liberty Properties is a diversified REIT with a heavy focus on industrial and retail/service-oriented properties. Specialized REITs tend to outperform diversified REITs, but each diversification strategy should be evaluated individually. The dividend may be tempting. However, OLP has recently delivered a modest AFFO per share growth, no DPS growth, and is accompanied by a high AFFO payout ratio.
– Increased or Maintained Dividend for Over 30 Consecutive Years – – Increased or Maintained Dividend for Over 30 Consecutive Years –
The U.S. Bureau of Labor Statistics released a hotter-than-expected CPI report, causing a market sell-off and putting significant pressure on REIT stocks. Investing in select REITs, like One Liberty Properties, could be a buying opportunity as interest rates are expected to drop in the future. One Liberty Properties has positive aspects such as high occupancy rate, impressive insider ownership, and lack of frequent capital raises, making it an attractive stock for income investors.
One Liberty Properties expects increased demand for its industrial spaces due to the growth of the e-commerce industry. The sale of a multi-tenant shopping center is expected to lower the company's total debt. The stock repurchase program may lead to increased demand for the stock and potential stock price appreciation.
One Liberty Properties has kept its quarterly distributions stable and currently yields 9.2%. The REIT is going heavy on new industrial properties as it disposes its retail properties to become a more fully industrial REIT. A 111% dividend coverage against fiscal 2023 second quarter AFFO renders the current distributions safe even with the Fed maintaining a hawkish stance.
One Liberty Properties has fallen in price, making it the cheapest triple net REIT on AFFO multiple with a dividend yield of over 9%. The triple net REIT sector has been undervalued due to a flow of funds from income-focused investors towards bonds and Treasuries. OLP has a cheap valuation based on NAV and cash flows, a well-diversified property portfolio, and a healthy balance sheet with amortizing debt.
One Liberty (OLP) solidifies its foothold in the industrial segment with a $13.4 million acquisition.
One Liberty Properties is now trading at COVID levels again, and I think that's an opportunity. The generous 8.65% dividend remains fully covered. The average cost of debt will slowly increase as half of the mortgages only mature beyond 2027.
One Liberty Can Maintain 8.05% Dividend Yield With Rising Demand
What type of business is One Liberty Properties?
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.
What sector is One Liberty Properties in?
One Liberty Properties is in the Real Estate sector
What industry is One Liberty Properties in?
One Liberty Properties is in the Diversified industry
What country is One Liberty Properties from?
One Liberty Properties is headquartered in United States
When did One Liberty Properties go public?
One Liberty Properties initial public offering (IPO) was on 25 April 1983
What is One Liberty Properties website?
https://www.onelibertyproperties.com
Is One Liberty Properties in the S&P 500?
No, One Liberty Properties is not included in the S&P 500 index
Is One Liberty Properties in the NASDAQ 100?
No, One Liberty Properties is not included in the NASDAQ 100 index
Is One Liberty Properties in the Dow Jones?
No, One Liberty Properties is not included in the Dow Jones index
When does One Liberty Properties report earnings?
The next expected earnings date for One Liberty Properties is 02 August 2024