One Liberty Properties Q4 2022 Earnings Report
Key Takeaways
One Liberty Properties reported positive results for Q4 2022, with increases in rental income, net income, FFO, and AFFO. The company benefited from a significant settlement and effective leasing activities.
Rental income increased to $27.7 million compared to $20.8 million in the prior year.
Net income attributable to One Liberty was $8.9 million, or $0.42 per diluted share, compared to $6.5 million, or $0.30 per diluted share in the prior year.
FFO was $15.1 million, or $0.71 per diluted share, compared to $9.8 million, or $0.46 per diluted share in the prior year.
AFFO was $11.0 million, or $0.52 per diluted share, compared to $10.7 million, or $0.51 per diluted share in the prior year.
One Liberty Properties
One Liberty Properties
Forward Guidance
The company expects to maintain a disciplined underwriting approach as it seeks to acquire and dispose of properties that will contribute to growth in the future.