One Liberty Properties(US:OLP) Globenewswire·2025-11-06 21:30Core Insights - One Liberty Properties, Inc. has transformed its portfolio towards industrial properties, with approximately 80% of its Annual Base Rent (ABR) generated from this sector as of the quarter end [2][7] - The company has completed and plans to complete approximately $189 million in acquisitions in 2025, significantly scaling its industrial platform through capital recycling from non-core asset sales [2][7] - The company reported a net income of $10.5 million for the quarter ended September 30, 2025, representing a 102.4% increase year-over-year [5][26] Operating Results - Net income attributable to One Liberty Properties, Inc. was $10,478,000 for Q3 2025, compared to $5,177,000 in Q3 2024, marking a 102.4% increase [5][26] - The diluted net income per share increased to $0.48 from $0.23, a rise of 108.7% [5][26] - Funds from Operations (FFO) decreased slightly by 1.5% to $9,057,000, while Adjusted Funds from Operations (AFFO) increased by 1.7% to $10,072,000 [5][26] Key Transactions - The company completed the sale of four non-core properties during the quarter, generating net proceeds of $16.3 million and a gain of $9.1 million [7][13] - Subsequent to the quarter end, One Liberty acquired an industrial property for $23 million and agreed to acquire a six-building industrial portfolio for $53.5 million [7][15][17] - The company also completed the sale of a non-core asset for net proceeds of approximately $17.7 million [7][16] Financial Metrics - Total assets at quarter end were $802.3 million, with total debt of $458.7 million and total stockholders' equity of $305.6 million [11][24] - The company had $18.8 million in cash and cash equivalents, with available liquidity of approximately $109.4 million as of October 31, 2025 [11][24] - Rental income for Q3 2025 was reported at $23.8 million, up from $22.2 million in Q3 2024, reflecting the impact of acquisitions and dispositions [26]