One Liberty Properties Q3 revenue rises on industrial acquisitions, higher rental income

Overview

• US industrial REIT's Q3 revenue rose 11.9% yr/yr, driven by industrial property acquisitions

• Adjusted FFO for Q3 beat analyst expectations

• Company acquired Florida industrial property and agreed to buy $34 mln Milwaukee portfolio

Outlook

• Company expects to close $34 mln Milwaukee industrial portfolio acquisition in Q4 2026

• Company plans to continue expanding industrial property portfolio using new credit facility

• Company says industrial market demand remains strong, supporting high occupancy and rental income

Result Drivers

• INDUSTRIAL ACQUISITIONS - Co said rental income growth was primarily driven by recent industrial property acquisitions

• HIGHER OPERATING COSTS - Operating expenses rose mainly due to increased depreciation and real estate costs from new industrial assets

• INCREASED INTEREST EXPENSE - Co attributed higher interest costs to greater mortgage debt and higher average interest rates

Company press release:

Key Details

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 $27.00, about 21.5% above its November 2 closing price of $22.23

• The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 43 three months ago

Reuters Recommended Reads

• Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook

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• Nov 2 - Diversified Healthcare Trust Q3 net loss narrows amid occupancy growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)