One Liberty Properties Q4 net income falls, FFO rises

Overview

• Industrial REIT's Q4 net income fell, but FFO rose due to higher rental income

• Company acquired 13 industrial properties for $188.8 mln in 2025

• Company sold 10 non-core assets for $58.9 mln net proceeds in 2025

Outlook

• Company expects $13.3 mln rental income from 2025 acquisitions in 2026

• One Liberty anticipates $6.5 mln mortgage interest expense from 2025 acquisitions

Result Drivers

• INDUSTRIAL FOCUS - Co transformed portfolio to 82% industrial properties, driving rental income growth

• ACQUISITIONS AND DISPOSITIONS - Rental income increased due to acquisitions and dispositions

Company press release: ID:nGNX8KtWJZ

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy"

• Wall Street's median 12-month price target for One Liberty Properties Inc is $26.00, about 8.8% above its March 4 closing price of $23.90

• The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 37 three months ago

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