One Liberty Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:19 pm EST
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One Liberty Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 22.55 million compared to USD 21.47 million a year ago. Revenue was USD 22.55 million compared to USD 21.47 million a year ago. Net income was USD 2.75 million compared to USD 7.2 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.34 a year ago.
For the nine months, sales was USD 67.91 million compared to USD 64.48 million a year ago. Revenue was USD 67.91 million compared to USD 64.5 million a year ago. Net income was USD 14.65 million compared to USD 33.29 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 1.58 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 1.57 a year ago.
One Liberty Properties, Inc. is a self-administered and self-managed real estate investment trust. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. The Company owns approximately 108 properties and participate in joint ventures that own two properties. These 110 properties are located in 31 states and have an aggregate of approximately 10.9 million square feet. Its primary objective is to acquire single-tenant properties, and in particular, industrial properties, that are subject to long-term net leases that include periodic contractual rental increases or rent increases based on increases in the consumer price index. The Companyâs property is located across Alabama, Arkansas, Arizona, California, Colorado, Texas, Delaware, Florida, Georgia, Iowa, Illinois, Kansas, Kentucky, Massachusetts, Virginia and Ohio.