Loading...
•
Sep 30, 2021
One Liberty Properties Q3 2021 Earnings Report
Reported third quarter 2021 results, showing a decrease in rental income due to property dispositions, but an improvement in total operating expenses.
Key Takeaways
One Liberty Properties reported a decrease in rental income and net income for the third quarter of 2021 compared to the same period in 2020, primarily due to property dispositions. However, AFFO remained relatively stable.
Rental income decreased to $20.3 million, compared to $21.1 million in Q3 2020.
Net income attributable to One Liberty was $6.1 million, or $0.28 per diluted share, compared to $13.7 million, or $0.67 per diluted share, in Q3 2020.
Adjusted Funds from Operations (AFFO) was $10.1 million, or $0.48 per diluted share, compared to $10.0 million, or $0.49 per diluted share, for the corresponding quarter in the prior year.
The company acquired a 103,000 square foot industrial property in Lehigh Acres, Florida for $9.4 million.
Forward Guidance
Forward looking statements involve risks, uncertainties and other factors which are, in some cases, beyond our control and which could materially affect actual results, performance or achievements.
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...