One Liberty Properties, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 01:40 am IST
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One Liberty Properties, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 22.41 million compared to USD 21.47 million a year ago. Revenue was USD 22.41 million compared to USD 21.47 million a year ago. Net income was USD 6.52 million compared to USD 16.77 million a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.79 a year ago.
For the six months, sales was USD 45.36 million compared to USD 43 million a year ago. Revenue was USD 45.36 million compared to USD 43.03 million a year ago. Net income was USD 11.91 million compared to USD 26.09 million a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 1.23 a year ago.
One Liberty Properties, Inc. is a self-administered and self-managed real estate investment trust. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. The Company owns approximately 108 properties and participate in joint ventures that own two properties. These 110 properties are located in 31 states and have an aggregate of approximately 10.9 million square feet. Its primary objective is to acquire single-tenant properties, and in particular, industrial properties, that are subject to long-term net leases that include periodic contractual rental increases or rent increases based on increases in the consumer price index. The Companyâs property is located across Alabama, Arkansas, Arizona, California, Colorado, Texas, Delaware, Florida, Georgia, Iowa, Illinois, Kansas, Kentucky, Massachusetts, Virginia and Ohio.
ONE LIBERTY PROPERTIES, INC. 
