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Jun 30, 2024
One Liberty Properties Q2 2024 Earnings Report
Reported second quarter results, entered into contracts to acquire two industrial properties, closed on purchase of two industrial properties, and completed sales of six properties.
Key Takeaways
One Liberty Properties reported rental income of $21.8 million and net income of $9.6 million, or $0.45 per diluted share, for the second quarter of 2024. The company acquired two industrial properties for $11.7 million and sold six properties for a $7.4 million gain.
Acquired two industrial properties for $11.7 million.
Entered into contracts to acquire two additional industrial properties for $61.6 million.
Sold six properties for a $7.4 million gain.
Rental income was $21.8 million compared to $22.4 million in the second quarter of 2023.
One Liberty Properties
One Liberty Properties
Forward Guidance
Estimates of rental income for 2024 exclude any related variable rent, anticipated property purchases, sales, financings and/or refinancings may not be completed during the period or on the terms indicated or at all, and estimates of gains from property sales or proceeds from financing or refinancing transactions are subject to adjustment, among other things, because actual closing costs may differ from the estimated costs.