One Liberty Properties Acquires 637,633 Square Foot Industrial Portfolio
One Liberty Properties announced it has acquired a 637,633 square foot portfolio of ten industrial properties, below replacement cost. The ten-property portfolio is 100% leased to six tenants. The average in place rent is below market. OLP financed the acquisition with a $17M mortgage on six properties, and an approximately $30M borrowing under its $100M credit facility. The 7.5-year mortgage bears interest at a fixed rate of 5.53%. The credit facility bears a current floating interest rate of 5.45%. OLP anticipates obtaining additional financing on two other properties in the portfolio and using the net proceeds to pay down the credit facility. The properties are situated in seven distribution markets of Greensboro, North Carolina, Columbia, South Carolina, Birmingham, Alabama, Omaha, Nebraska, Oklahoma City, Oklahoma, Salt Lake City, Utah and Jackson, Mississippi. The single-tenant buildings have an average size of 64,000 square feet, average construction year of 2004, average clear height exceeding 24 feet.
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- Acquisition Completed: One Liberty Properties has finalized the acquisition of a 397,440 square foot multi-tenant industrial property in Sewickley, Pennsylvania, for $53.5 million, marking a continued expansion in the industrial property sector.
- Strong Leasing Situation: The property is currently 93% leased to tenants including Amazon and Linde Gas, a Fortune Global 2000 company, generating an annual base rent of approximately $3.4 million, with potential for future rent growth as vacancies are filled and leases expire.
- Optimized Financing Structure: The acquisition was financed through cash and a seven-year $32.4 million mortgage at an interest rate of 5.45%, with the first five years being interest-only, followed by a 30-year amortization schedule, reducing short-term financial pressure.
- Accelerated Strategic Transformation: Year-to-date, One Liberty has completed over $188 million in transactions, exceeding its average acquisition pace from the previous five years by more than five times, indicating a significant inflection point in the company's industrial-focused transformation strategy.
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- Dividend Growth: One Liberty Properties announced a quarterly dividend of $0.45 per share, marking the company's 33rd consecutive year of dividend increases, which underscores its stable financial performance and commitment to shareholders.
- Tax Implications: The company estimates that over 90% of this dividend will be included in taxable income for 2026, while approximately 50% of the dividends attributable to 2025 will be treated as capital gains, impacting shareholders' tax planning and investment returns.
- Consistent Returns: This dividend represents One Liberty's 132nd consecutive quarterly payout, reflecting the company's ability to maintain stable cash flow and profitability even in uncertain market conditions.
- Investment Appeal: By continuing its dividend payments, One Liberty not only boosts investor confidence but also potentially attracts more income-seeking investors, thereby enhancing its competitive position in the real estate market.

- Dividend Growth: One Liberty Properties has declared a quarterly dividend of $0.45 per share, marking the company's 33rd consecutive year of dividend increases, which underscores its stable financial performance and commitment to shareholders.
- Significant Tax Implications: The company estimates that over 90% of this dividend will be included in taxable income for 2026, while approximately 50% of the dividends attributable to 2025 will be treated as capital gains, which will have important implications for shareholders' tax planning.
- Historical Milestone: This dividend represents One Liberty's 132nd consecutive quarterly payout, further solidifying its leadership position in the real estate investment trust sector and attracting increased investor interest.
- Enhanced Investor Confidence: By maintaining consistent dividend payments, One Liberty not only boosts investor confidence but may also enhance its stock market performance, reflecting the company's robust growth strategy in its diversified industrial property portfolio.

Company Overview: One Liberty Properties Inc. is a real estate investment trust focused on acquiring and managing a diverse portfolio of commercial properties, primarily in the industrial and retail sectors.
Earnings Expectations: The company is set to report its Q3 2025 earnings on Nov. 18, with analysts predicting an EPS of $0.32 and quarterly revenue of $24.18 million, reflecting a year-over-year increase.
Investment Performance: An investment of $10,000 in One Liberty Properties 10 years ago would have resulted in a total value of $16,732 today, including dividends, although this return is significantly lower than the S&P 500's total return of 283.30% over the same period.
Analyst Ratings and Growth Potential: One Liberty Properties has a consensus "Buy" rating with a price target of $27, indicating over 33% potential upside from its current stock price, alongside a solid dividend yield of 8.82%.
One Liberty Properties Dividend Announcement: One Liberty Properties declared a quarterly dividend of $0.45 per share, payable on October 6, 2025, marking its 131st consecutive quarterly dividend and over 31 years of maintained or increased dividends.
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