Loading...
•
Mar 31, 2023
One Liberty Properties Q1 2023 Earnings Report
Rental income increased due to same store properties and strategic acquisitions and dispositions.
Key Takeaways
One Liberty Properties reported a 7.0% increase in rental income for Q1 2023, driven by same-store properties and strategic acquisitions and dispositions. Net income was $5.4 million, or $0.25 per diluted share, compared to $9.3 million, or $0.44 per diluted share, in Q1 2022. FFO was $10.1 million, or $0.47 per diluted share, while AFFO was $10.8 million, or $0.50 per diluted share.
Rental income grew by 7.0% year-over-year, reaching $23.0 million.
Net income was $5.4 million, or $0.25 per diluted share, including a $1.5 million gain on sale of real estate.
FFO was $10.1 million, or $0.47 per diluted share.
AFFO was $10.8 million, or $0.50 per diluted share.
Forward Guidance
Forward looking statements rely on several assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words like “may,” “will,” “could,” “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or variations thereof.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...