One Liberty Properties Inc

NYSE:OLPUnited States

Nov 5, 2024

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• -- Earnings Flash (OLP) ONE LIBERTY PROPERTIES Reports Q3 Revenue $22.2M, from 4:11PM ET on Tuesday Nov 05, 2024 by MT Newswires

  4:11PM ET on Tuesday Nov 05, 2024 by MT Newswires
  Companies Mentioned: OLP
  04:11 PM EST, 11/05/2024 (MT Newswires) -- ...

• *DJ One Liberty Properties 3Q EPS 23c >OLP, from 4:10PM ET on Tuesday Nov 05, 2024 by Dow Jones

  4:10PM ET on Tuesday Nov 05, 2024 by Dow Jones
  Companies Mentioned: OLP
  unconsolidated joint venture lease termination fee income -- (21) -- (21) Deduct: additional rent from ground lease tenant -- -- -- (16) Add: amortization of restricted stock and RSU compensation 1,248 1,211 3,687 4,103 Add: amortization and write-off of deferred financing costs 225 212 741 619 Add: amortization of lease incentives 30 30 90 91 Add: amortization of mortgage intangible assets 34 33 103 79 Add: our share of amortization of deferred financing costs of unconsolidated joint venture -- 4 -- 13 Adjustments for non-controlling interests 2 (1) 30 (1) Adjusted funds from operations applicable to common stock $ 9,899 $10,460 $ 30,338 $32,013 ====== ====== ======= ====== Note 2: ---------------- NAREIT funds from operations is summarized in the following table: GAAP net income attributable to One Liberty Properties, Inc. $ .23 $ .12 $ .91 $ .66 Add: depreciation and amortization of properties .29 .29 .83 .86 Add: our share of depreciation and amortization of unconsolidated joint ventures -- .01 -- .02 Add: impairment loss -- -- .05 -- Add: amortization of deferred leasing costs .01 .01 .03 .03 Add: our share of amortization of deferred leasing costs of unconsolidated joint ventures -- -- -- -- Add: our share of impairment loss of unconsolidated joint venture property -- .04 -- .04 Deduct: gain on sale of real estate, net (.10) (.02) (.53) (.24) Adjustments for non-controlling interests -- -- .01 -- ------ ------ ------- ------ NAREIT funds from operations per share of common stock - diluted (a) .43 .45 1.30 1.37 Deduct: straight-line rent accruals and amortization of lease intangibles (.04) (.03) (.08) (.10) Adjust: our share of straight-line rent accruals and amortization of lease intangibles of unconsolidated joint ventures -- -- -- -- Deduct: lease termination fee income -- -- (.01) -- Deduct: other income and income on settlement of litigation -- -- -- -- Deduct: our share of unconsolidated joint venture lease termination fee income -- -- -- -- Deduct: additional rent from ground lease tenant -- -- -- -- Add: amortization of restricted stock and RSU compensation .06 .06 .17 .19 Add: amortization and write-off of deferred financing costs .01 .01 .03 .03 Add: amortization of lease incentives -- -- -- -- Add: amortization of mortgage intangible assets -- -- -- -- Add: our share of amortization of deferred financing costs of unconsolidated joint venture -- -- -- -- Adjustments for non-controlling interests -- -- -- -- Adjusted funds from operations per share of common stock - diluted (a) $ .46 $ .49 $ 1.41 $ 1.49 ====== ====== ======= ======
  

• One Liberty Properties Reports Third Quarter 2024 Results, from 4:10PM ET on Tuesday Nov 05, 2024 by Dow Jones

  4:10PM ET on Tuesday Nov 05, 2024 by Dow Jones
  Companies Mentioned: OLP
  unconsolidated joint venture lease termination fee income -- (21) -- (21) Deduct: additional rent from ground lease tenant -- -- -- (16) Add: amortization of restricted stock and RSU compensation 1,248 1,211 3,687 4,103 Add: amortization and write-off of deferred financing costs 225 212 741 619 Add: amortization of lease incentives 30 30 90 91 Add: amortization of mortgage intangible assets 34 33 103 79 Add: our share of amortization of deferred financing costs of unconsolidated joint venture -- 4 -- 13 Adjustments for non-controlling interests 2 (1) 30 (1) Adjusted funds from operations applicable to common stock $ 9,899 $10,460 $ 30,338 $32,013 ====== ====== ======= ====== Note 2: ---------------- NAREIT funds from operations is summarized in the following table: GAAP net income attributable to One Liberty Properties, Inc. $ .23 $ .12 $ .91 $ .66 Add: depreciation and amortization of properties .29 .29 .83 .86 Add: our share of depreciation and amortization of unconsolidated joint ventures -- .01 -- .02 Add: impairment loss -- -- .05 -- Add: amortization of deferred leasing costs .01 .01 .03 .03 Add: our share of amortization of deferred leasing costs of unconsolidated joint ventures -- -- -- -- Add: our share of impairment loss of unconsolidated joint venture property -- .04 -- .04 Deduct: gain on sale of real estate, net (.10) (.02) (.53) (.24) Adjustments for non-controlling interests -- -- .01 -- ------ ------ ------- ------ NAREIT funds from operations per share of common stock - diluted (a) .43 .45 1.30 1.37 Deduct: straight-line rent accruals and amortization of lease intangibles (.04) (.03) (.08) (.10) Adjust: our share of straight-line rent accruals and amortization of lease intangibles of unconsolidated joint ventures -- -- -- -- Deduct: lease termination fee income -- -- (.01) -- Deduct: other income and income on settlement of litigation -- -- -- -- Deduct: our share of unconsolidated joint venture lease termination fee income -- -- -- -- Deduct: additional rent from ground lease tenant -- -- -- -- Add: amortization of restricted stock and RSU compensation .06 .06 .17 .19 Add: amortization and write-off of deferred financing costs .01 .01 .03 .03 Add: amortization of lease incentives -- -- -- -- Add: amortization of mortgage intangible assets -- -- -- -- Add: our share of amortization of deferred financing costs of unconsolidated joint venture -- -- -- -- Adjustments for non-controlling interests -- -- -- -- Adjusted funds from operations per share of common stock - diluted (a) $ .46 $ .49 $ 1.41 $ 1.49 ====== ====== ======= ======