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Jun 30, 2023
One Liberty Properties Q2 2023 Earnings Report
Reported a 4.2% year-over-year growth in rental income and repurchased $1.5 million of shares.
Key Takeaways
One Liberty Properties reported a 4.2% increase in rental income for the second quarter of 2023 compared to the previous year. Net income was $6.5 million, or $0.30 per diluted share. The company repurchased $1.5 million of shares during the quarter.
Rental income increased by 4.2% year-over-year, primarily due to acquisitions, dispositions, and same-store rental income growth.
Net income for the quarter was $6.5 million, or $0.30 per diluted share, including a $3.2 million gain from the sale of a retail location.
Funds from Operations (FFO) was $9.6 million, or $0.45 per diluted share.
Adjusted Funds from Operations (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. Actual outcomes or events could differ materially.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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