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Sep 30, 2020
One Liberty Properties Q3 2020 Earnings Report
Reported third quarter results, showing rental income growth and net income increase due to property sale gain.
Key Takeaways
One Liberty Properties reported a 3.4% increase in rental income to $21.1 million and a net income of $13.7 million, or $0.67 per diluted share, primarily due to a $10.3 million gain on the sale of a property.
Rental income increased by 3.4% to $21.1 million compared to Q3 2019.
Net income attributable to One Liberty was $13.7 million, or $0.67 per diluted share.
FFO was $9.7 million, or $0.47 per diluted share.
AFFO was $10.0 million, or $0.49 per diluted share.
One Liberty Properties
One Liberty Properties
Forward Guidance
The company expects the impact of tenant negotiations and the uncertain economic environment to persist into 2021.