One Liberty Properties
Owns and net-leases commercial and industrial buildings across the United States to single tenants.
Something off on this page? Send us feedback.
Profile
Owns a portfolio of net-leased commercial and industrial properties across the United States, collecting rent from single-tenant operators under long-term leases. Originally a diversified landlord, the company has recycled capital out of retail and other property types so that industrial assets now generate the large majority of rental income.
Owns and net-leases commercial and industrial buildings across the United States, collecting rent from single tenants responsible for most property-level costs. Industrial properties generate most rental income today, with retail and other uses making up a shrinking remainder.
Chartered in Maryland in 1982 and first listed on the New York Stock Exchange in 1983, it assembled a diversified portfolio of retail, health and fitness, office, and light-industrial tenants, then spent the past decade recycling capital out of non-core assets to fund industrial acquisitions.
Day-to-day property management is contracted to a firm affiliated with the founding Gould family, which chairs the board, and REIT rules require distributing nearly all taxable income to shareholders annually. Results are concentrated in a handful of states and depend on conditions across the industrial and retail markets that dominate the portfolio.
Company facts
Key statistics
Year to date +18.5% · Average volume (30d) 80.8K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.67 | $0.71 | +6.0% | $26.8M | $27.0M | +0.8% | +1.43% |
| May 6, 2026Q1 FY26 | $0.26 | $0.48 | +84.6% | $26.8M | $28.3M | +5.7% | +1.52% |
| Mar 5, 2026Q4 FY25 | $0.18 | $0.48 | +166.7% | $24.3M | $24.7M | +1.9% | +0.13% |
| Nov 6, 2025Q3 FY25 | $0.48 | $0.46 | −4.2% | $24.2M | $24.8M | +2.4% | +2.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $24.2M | $24.5M | $24.8M | $23.7M | $23.0M | $27.0M | |
| Gross profit | $19.1M | $19.7M | $19.9M | −$35.8M | $16.9M | $22.1M | |
| Operating income | $9.6M | $15.4M | $15.9M | −$7.0M | $7.8M | $9.5M | |
| Net income | $4.2M | $8.4M | $10.5M | $2.4M | $3.1M | $15.7M | |
| Diluted EPS | $0.18 | $0.39 | $0.48 | $0.10 | $0.15 | $0.71 | |
| Gross margin | 79.2% | 80.1% | 80.4% | -150.7% | 73.7% | 81.7% | |
| Operating margin | 39.8% | 62.6% | 64.0% | -29.6% | 34.1% | 35.2% |
Fiscal years (4-quarter sums)FY21 $82.4M · FY22 $92.6M · FY23 $89.7M · FY24 $90.6M · FY25 $97.2M
Balance sheet, Jun 30, 2026Cash & short-term investments $13.1M · Total debt $541.3M · Total assets $872.1M · Shareholders' equity $304.4M
Dividends
Raised for 16 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 25, 2026 | Jun 25 | Jul 9 | $0.45 | |
| Mar 27, 2026 | Mar 27 | Apr 6 | $0.45 | |
| Dec 22, 2025 | Dec 22 | Jan 6 | $0.45 | |
| Sep 24, 2025 | Sep 24 | Oct 6 | $0.45 | |
| Jun 25, 2025 | Jun 25 | Jul 9 | $0.45 | |
| Mar 27, 2025 | Mar 27 | Apr 4 | $0.45 | |
| Dec 23, 2024 | Dec 23 | Jan 6 | $0.45 | |
| Sep 24, 2024 | Sep 24 | Oct 2 | $0.45 |
Ownership
Shares outstanding 21.82M · Float 18.39M · 84.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.84M | 8.42% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 894.2K | 4.10% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 687.1K | 3.15% | 13F | Aug 13, 2026 |
| Fredric H. Gould · director, officer: Vice Chairman of Board | 630.3K | 2.89% | Form 4 | Aug 7, 2026 |
| Geode Capital Management, LLC | 512.3K | 2.35% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Justin Clair | officer: Executive Vice President | −4,500 | $24.06 |
| Jun 29, 2026 | Lawrence Ricketts | officer: Exec.Vice President and COO | −6,000 | $24.50 |
| Jun 26, 2026 | Lawrence Ricketts | officer: Exec.Vice President and COO | −3,499 | $24.21 |
| Jun 25, 2026 | Lawrence Ricketts | officer: Exec.Vice President and COO | −2,501 | $21.82 |
| May 8, 2026 | Justin Clair | officer: Executive Vice President | −2,676 | $23.36 |
Peers
- STAG Industrial
Head-to-head in single-tenant industrial net-lease acquisitions
- W. P. Carey
Large diversified net-lease REIT spanning industrial, warehouse, retail
- LXP Industrial Trust
Pure-play industrial net-lease REIT across Sunbelt and Midwest markets
- Broadstone Net Lease
Diversified, industrial-heavy net-lease REIT with lower leverage
- Gladstone Commercial
Small-cap industrial and office net-lease REIT with high dividend yield
- Global Net Lease
Diversified US and Europe net-lease REIT spanning industrial, retail, office
- NNN REIT
Large single-tenant retail net-lease REIT emphasizing tenant credit
- Realty Income
Dominant net-lease scale leader, roughly 4x the nearest public peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| One Liberty Properties | $24.16 | −0.12% | $527.2M | 16.8 | 57.6 | 5.4 | +10.0% |
| STAG Industrial | $37.18 | +0.01% | $7.17B | 28.6 | 74.1 | 8.1 | +7.7% |
| W. P. Carey | $70.51 | 0.00% | $16.06B | 24.1 | 23.7 | 8.5 | +7.0% |
| LXP Industrial Trust | $60.69 | 0.00% | $3.58B | 60.7 | 538.0 | 10.3 | −0.7% |
| Broadstone Net Lease | $21.09 | 0.00% | $4.04B | 28.5 | 27.9 | 8.5 | +8.3% |
| Gladstone Commercial | $13.15 | +1.08% | $629.8M | 24.5 | 79.7 | 3.7 | +11.3% |
| Global Net Lease | $9.16 | −0.05% | $1.94B | — | — | 4.2 | −10.0% |
| NNN REIT | $45.67 | −0.01% | $8.69B | 22.4 | 21.9 | 9.1 | +7.0% |
| Realty Income | $62.13 | +0.22% | $57.80B | 45.2 | 38.4 | 9.7 | +1.1% |
| Median | 28.5 | 38.4 | 8.5 | +7.0% |