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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted FFO

Beat

$11 mln

$0.49 (3 Analysts)

Q3 FFO

$9.90 mln

Q3 Operating Expenses

$19.30 mln


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

  • Nov 2 - Sabra Health Care REIT Q3 revenue rises year-over-year

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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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