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Dec 31, 2020
One Liberty Properties Q4 2020 Earnings Report
Reported operating results for the quarter and year ended December 31, 2020.
Key Takeaways
One Liberty Properties reported a decrease in rental income for the fourth quarter of 2020 compared to the previous year, primarily due to the economic consequences of the COVID-19 pandemic. Net income and AFFO also decreased, while the company focused on overcoming challenges and pursuing accretive acquisition opportunities.
Rental income for Q4 2020 was $18.7 million, compared to $21.5 million in Q4 2019.
Net income attributable to One Liberty in Q4 2020 was $3.6 million, or $0.16 per diluted share, compared to $4.8 million, or $0.23 per diluted share, in Q4 2019.
Adjusted Funds from Operations (AFFO) was $9.1 million, or $0.44 per diluted share, for Q4 2020, compared to $10.5 million, or $0.53 per diluted share in Q4 2019.
Gain on sale of real estate, net, in Q4 2020 was $2.7 million from the sale of two retail properties in Houston, Texas.
Revenue by Segment
Forward Guidance
While we understand that 2021 will present challenges and obstacles, we are pleased to see signs of an economic recovery slowly emerging and have re-focused on pursuing accretive acquisition opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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