One Liberty Properties Q3 2024 Earnings Report
Key Takeaways
One Liberty Properties reports a net income of $5.2 million, or $0.23 per diluted share, for the third quarter of 2024, compared to $2.7 million, or $0.12 per diluted share, in the same quarter of 2023. Rental income was $22.2 million compared to $22.5 million in the third quarter of 2023. The company completed the purchase of an industrial property for $33.0 million and secured sales agreements for six properties.
Rental income was $22.2 million compared to $22.5 million in the third quarter of 2023.
Net income attributable to One Liberty was $5.2 million, or $0.23 per diluted share, compared to $2.7 million, or $0.12 per diluted share, in the same quarter of 2023.
Funds from Operations (FFO) was $9.2 million, or $0.43 per diluted share, compared to $9.7 million, or $0.45 diluted share, in the same quarter of 2023.
Adjusted Funds from Operations (AFFO) was $9.9 million, or $0.46 per diluted share for the quarter compared to $10.5 million, or $0.49 per diluted share, in 2023.
One Liberty Properties
One Liberty Properties
One Liberty Properties Revenue by Segment
Forward Guidance
Estimates of rental income for 2024 and thereafter exclude any related variable rent, anticipated property purchases and/or sales may not be completed during the period indicated or at all, estimates of net proceeds and gains from property sales are subject to adjustment, among other things, because actual closing costs may differ from the estimated costs.