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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.
One Liberty Properties
One Liberty Properties
Forward Guidance
Forward looking statements rely on several assumptions and describe future plans, strategies and expectations. Actual outcomes or events could differ materially.