One Liberty Properties, Inc. (OLP)
One Liberty Properties is a self-managed REIT focused on a diversified portfolio of net-leased properties across the US. The company emphasizes long-term leases where tenants cover most property expenses.
Company Overview
One Liberty Properties (OLP) offers investors a stable, high-yield REIT opportunity through its diversified portfolio of net-leased commercial properties, providing consistent income and growth potential in the real estate sector with an attractive 8.02% dividend yield.
Investment Thesis
One Liberty Properties presents a compelling investment opportunity due to its diversified portfolio of net-leased properties and high dividend yield of 8.02%. The company's focus on long-term leases, where tenants cover most operating expenses, provides a stable and predictable income stream. With a market capitalization of $0.49 billion and a P/E ratio of 13.95, OLP offers value relative to its peers. Upcoming lease renewals and potential acquisitions could serve as catalysts for growth. The company's self-managed structure allows for efficient operations and cost control. Investors seeking stable income and exposure to a diversified real estate portfolio should consider OLP.
Key Highlights
- Market capitalization of $0.49 billion, reflecting the company's size and market value.
- P/E ratio of 13.95, indicating a potentially undervalued stock compared to its earnings.
- Profit margin of 34.5%, showcasing efficient operations and profitability.
- Gross margin of 79.4%, demonstrating strong revenue generation relative to the cost of goods sold.
- Dividend yield of 8.02%, offering a high income stream for investors.
Competitors
Strengths
- Diversified property portfolio across multiple sectors.
- High dividend yield attracts income-seeking investors.
- Long-term net leases provide stable cash flow.
- Self-managed structure allows for operational efficiency.
Weaknesses
- Small number of employees may limit scalability.
- Exposure to retail sector, which faces challenges from e-commerce.
- Reliance on tenant performance for lease payments.
- Smaller market capitalization compared to larger REITs.
Catalysts
- Upcoming: Lease renewals in key properties could lead to increased rental income.
- Upcoming: Potential acquisitions of new properties to expand the portfolio.
- Ongoing: Continued focus on cost control and operational efficiency.
- Ongoing: Strong dividend yield attracting investor interest.
- Ongoing: Favorable interest rate environment for real estate investment.
Risks
- Potential: Rising interest rates could increase borrowing costs and reduce property values.
- Potential: Economic recession could negatively impact tenant performance and lease payments.
- Potential: Increased competition from other REITs could limit growth opportunities.
- Ongoing: Exposure to retail sector, which faces challenges from e-commerce.
- Ongoing: Dependence on tenants fulfilling their lease obligations.
Growth Opportunities
- Expansion into high-growth industrial markets: One Liberty can capitalize on the increasing demand for industrial properties driven by e-commerce and supply chain optimization. Investing in modern logistics facilities in key distribution hubs could significantly boost revenue. The industrial real estate market is projected to grow at a rate of 5-7% annually over the next five years, presenting a substantial opportunity for OLP to expand its portfolio and increase its market share.
- Strategic acquisitions of net-leased retail properties: Despite challenges in the retail sector, well-located, net-leased retail properties with strong tenant profiles offer attractive investment opportunities. One Liberty can target properties leased to essential businesses or those that have adapted to the changing retail landscape. The market for net-leased retail properties is estimated at $100 billion, providing ample opportunities for strategic acquisitions that enhance OLP's portfolio diversification and income stability.
- Diversification into healthcare-related properties: The aging population and increasing demand for healthcare services are driving growth in the healthcare real estate sector. One Liberty can explore opportunities to acquire or develop medical office buildings, senior housing facilities, and other healthcare-related properties. The healthcare real estate market is expected to grow at a rate of 6-8% annually, offering a stable and growing income stream for OLP.
- Enhancing property management and tenant relationships: By focusing on proactive property management and building strong relationships with its tenants, One Liberty can improve tenant retention rates and reduce vacancy. Investing in technology and data analytics can help optimize property operations and identify opportunities to increase rental income. Improved tenant retention can lead to a 1-2% increase in net operating income, enhancing OLP's overall profitability.
- Exploring sale-leaseback transactions: One Liberty can pursue sale-leaseback transactions with companies seeking to unlock capital from their real estate assets. This strategy allows companies to retain operational control of their properties while freeing up capital for core business activities. The market for sale-leaseback transactions is estimated at $50 billion annually, providing a significant opportunity for OLP to expand its portfolio and generate attractive returns.
Opportunities
- Acquisition of additional properties to expand portfolio.
- Capitalizing on sale-leaseback transactions.
- Diversifying into high-growth sectors like healthcare.
- Improving property management to increase tenant retention.
Threats
- Rising interest rates could increase borrowing costs.
- Economic downturn could impact tenant performance.
- Increased competition from other REITs.
- Changes in tax laws could affect REIT structure.
Competitive Advantages
- Diversified property portfolio reduces risk compared to REITs focused on a single property type.
- Long-term net leases provide a stable and predictable income stream.
- Self-managed structure allows for efficient operations and cost control.
- Geographic diversification mitigates regional economic risks.
About
One Liberty Properties, Inc., established in 1982, is a self-administered and self-managed real estate investment trust (REIT) that specializes in acquiring, owning, and managing a diverse portfolio of commercial properties. Headquartered in Great Neck, New York, the company's strategy focuses on building a geographically dispersed portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties. This diversification aims to mitigate risk and provide a stable income stream. A key aspect of One Liberty's business model is its emphasis on long-term net leases. Under these leases, tenants are typically responsible for covering the property's real estate taxes, insurance, and ordinary maintenance and repairs, reducing the company's operational overhead and enhancing its net operating income. This approach allows One Liberty to operate with a lean team of approximately 10 employees while maintaining a substantial portfolio. The company's disciplined approach to property selection and lease management has enabled it to maintain a strong profit margin of 34.5% and a gross margin of 79.4%.
What They Do
- Acquires a diverse range of commercial properties.
- Owns and manages a portfolio of industrial, retail, restaurant, health and fitness, and theater properties.
- Leases properties under long-term net leases.
- Transfers responsibility for property taxes, insurance, and maintenance to tenants.
- Generates revenue through rental income from its properties.
- Operates as a self-administered and self-managed REIT.
Business Model
- Acquires commercial properties with a focus on diversification.
- Leases properties under long-term net leases, shifting operating expenses to tenants.
- Generates revenue primarily through rental income.
- Distributes a significant portion of its taxable income to shareholders through dividends.
FAQ
What does One Liberty Properties, Inc. do?
One Liberty Properties is a self-administered and self-managed real estate investment trust (REIT) that focuses on acquiring, owning, and managing a diversified portfolio of commercial properties. The company's portfolio includes industrial, retail, restaurant, health and fitness, and theater properties, primarily under long-term net leases. Under these leases, the tenants are responsible for the property's real estate taxes, insurance, and ordinary maintenance and repairs. This structure provides a stable income stream for One Liberty and reduces its operational overhead.
Is OLP stock a good buy?
OLP presents a potentially attractive investment opportunity, particularly for income-seeking investors. The company's high dividend yield of 8.02% is a significant draw. However, investors should consider the risks associated with the retail sector exposure and the impact of potential interest rate hikes. The company's P/E ratio of 13.95 suggests it may be undervalued compared to its peers. Overall, OLP could be a good buy for investors looking for stable income and diversification in their real estate portfolio, but due diligence is essential.
What are the main risks for OLP?
One Liberty Properties faces several risks, including exposure to the retail sector, which is undergoing significant disruption from e-commerce. Rising interest rates could increase borrowing costs and reduce property values. An economic downturn could negatively impact tenant performance and lease payments. The company's smaller size compared to larger REITs could limit its access to capital and growth opportunities. Dependence on tenants fulfilling their lease obligations is also a significant risk factor. Careful monitoring of these risks is crucial for investors.
How does One Liberty Properties generate revenue?
One Liberty Properties generates revenue primarily through rental income from its diversified portfolio of commercial properties. The company's business model relies on acquiring properties and leasing them under long-term net leases. These leases typically require tenants to cover the property's real estate taxes, insurance, and ordinary maintenance and repairs, reducing One Liberty's operational expenses. The difference between the rental income and the company's expenses, including interest and administrative costs, determines its net income, a significant portion of which is distributed to shareholders as dividends.
What is One Liberty Properties' strategy for growth?
One Liberty Properties' growth strategy focuses on acquiring additional properties to expand its diversified portfolio. The company seeks to capitalize on sale-leaseback transactions, where it acquires properties from companies and leases them back to the sellers. It also explores opportunities to diversify into high-growth sectors like healthcare. Improving property management to increase tenant retention and reduce vacancy is another key component of its growth strategy. By focusing on these initiatives, One Liberty aims to increase its rental income and generate attractive returns for its shareholders.
Industry Context
One Liberty Properties operates within the REIT sector, which has seen increased investor interest due to its income-generating potential. The diversified REIT sub-segment allows companies like One Liberty to mitigate risk by investing across various property types. The overall REIT market is influenced by interest rates and economic growth. As of 2026, the trend towards e-commerce continues to impact retail properties, while demand for industrial spaces remains strong. One Liberty competes with other diversified REITs such as AHH (Armada Hoffler Properties) and CMTG (CMTG Mortgage Opportunities Fund), each with its own investment focus and risk profile.
Key Customers
- Tenants leasing commercial properties from One Liberty.
- Businesses operating in industrial, retail, restaurant, health and fitness, and theater sectors.
- Shareholders seeking income through dividends.
- Institutional investors looking for stable real estate investments.
Financials
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $25M | $10M | $0.50 |
| Q2 2025 | $25M | $8M | $0.40 |
| Q1 2025 | $24M | $4M | $0.20 |
| Q4 2024 | $24M | $11M | $0.51 |
Source: Company filings
Chart & Info
Price Chart
One Liberty Properties, Inc. (OLP) stock price: $23.30 (+0.00, +0.00%)
Why Bull
- •Recent insider buying suggests those with the deepest knowledge of OLP see value, a potentially strong signal.
- •The community seems to be focusing on OLP's diversified real estate portfolio, seeing it as a buffer against sector-specific downturns.
- •Positive chatter highlights OLP's consistent dividend payouts, making it attractive for income-focused investors in the current climate.
- •There's a growing perception that OLP is undervalued compared to its peers, fueling optimism for potential upside.
Why Bear
- •Community discussions reveal concerns about rising interest rates impacting OLP's borrowing costs and overall profitability.
- •Some bearish views focus on the potential for declining occupancy rates in certain property segments within OLP's portfolio.
- •Negative sentiment appears to be linked to broader anxieties about the commercial real estate market facing headwinds.
- •There's a perception that OLP's growth prospects are limited compared to other REITs, leading to bearish sentiment.
Latest News
-
Gaming and Leisure Properties (GLPI) Surpasses Q4 FFO and Revenue Estimates
Zacks · Feb 19, 2026
-
Gaming and Leisure Properties (GLPI) Surpasses Q4 FFO and Revenue Estimates
Yahoo! Finance: OLP News · Feb 19, 2026
-
One Liberty Properties Acquires Portfolio Of 10 Industrial Properties; Funds Acquisition With $17M Mortgage On Six Properties, ~$30M Borrowing Under $100M Credit Facility
benzinga · Jan 29, 2026
-
One Liberty Properties Acquires Ten Industrial Properties, Comprising 637,633 sf Across Seven Logistics Markets
Yahoo! Finance: OLP News · Jan 29, 2026
Technical Analysis
Rationale
AI-generated technical analysis for OLP including trend direction, momentum, and pattern recognition.
What to Watch
Key support and resistance levels, volume signals, and upcoming events.
Risk Management
Position sizing, stop-loss levels, and risk-reward assessment.
Community
Discussion
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Sentiment
Community sentiment and discussion activity for OLP.
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Current price: $23.30
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for OLP.
Price Targets
Wall Street price target analysis for OLP.
Insider Flow (30d)
MoonshotScore
Score Factors
- Revenue Growth 2/100
- Gross Margin 10/100
- Operating Leverage 4/100
- Cash Runway 5/100
- R&D Intensity 5/100
- Insider Activity 6/100
- Short Interest 5/100
- Price Momentum 0/100
- News Sentiment 5/100
What does this score mean?
The MoonshotScore rates OLP's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Competitors & Peers
Latest News
Gaming and Leisure Properties (GLPI) Surpasses Q4 FFO and Revenue Estimates
Gaming and Leisure Properties (GLPI) Surpasses Q4 FFO and Revenue Estimates
One Liberty Properties Acquires Portfolio Of 10 Industrial Properties; Funds Acquisition With $17M Mortgage On Six Properties, ~$30M Borrowing Under $100M Credit Facility
One Liberty Properties Acquires Ten Industrial Properties, Comprising 637,633 sf Across Seven Logistics Markets
Frequently Asked Questions
What does One Liberty Properties, Inc. do?
One Liberty Properties is a self-administered and self-managed real estate investment trust (REIT) that focuses on acquiring, owning, and managing a diversified portfolio of commercial properties. The company's portfolio includes industrial, retail, restaurant, health and fitness, and theater properties, primarily under long-term net leases. Under these leases, the tenants are responsible for the property's real estate taxes, insurance, and ordinary maintenance and repairs. This structure provides a stable income stream for One Liberty and reduces its operational overhead.
Is OLP stock a good buy?
OLP presents a potentially attractive investment opportunity, particularly for income-seeking investors. The company's high dividend yield of 8.02% is a significant draw. However, investors should consider the risks associated with the retail sector exposure and the impact of potential interest rate hikes. The company's P/E ratio of 13.95 suggests it may be undervalued compared to its peers. Overall, OLP could be a good buy for investors looking for stable income and diversification in their real estate portfolio, but due diligence is essential.
What are the main risks for OLP?
One Liberty Properties faces several risks, including exposure to the retail sector, which is undergoing significant disruption from e-commerce. Rising interest rates could increase borrowing costs and reduce property values. An economic downturn could negatively impact tenant performance and lease payments. The company's smaller size compared to larger REITs could limit its access to capital and growth opportunities. Dependence on tenants fulfilling their lease obligations is also a significant risk factor. Careful monitoring of these risks is crucial for investors.
How does One Liberty Properties generate revenue?
One Liberty Properties generates revenue primarily through rental income from its diversified portfolio of commercial properties. The company's business model relies on acquiring properties and leasing them under long-term net leases. These leases typically require tenants to cover the property's real estate taxes, insurance, and ordinary maintenance and repairs, reducing One Liberty's operational expenses. The difference between the rental income and the company's expenses, including interest and administrative costs, determines its net income, a significant portion of which is distributed to shareholders as dividends.
What is One Liberty Properties' strategy for growth?
One Liberty Properties' growth strategy focuses on acquiring additional properties to expand its diversified portfolio. The company seeks to capitalize on sale-leaseback transactions, where it acquires properties from companies and leases them back to the sellers. It also explores opportunities to diversify into high-growth sectors like healthcare. Improving property management to increase tenant retention and reduce vacancy is another key component of its growth strategy. By focusing on these initiatives, One Liberty aims to increase its rental income and generate attractive returns for its shareholders.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
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