OLP earnings analysis
What we found in OLP's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
One Liberty Properties, Inc. demonstrated impressive growth in Q1 2026, with total revenues climbing 17.0% year-over-year to $28.3 million, and diluted EPS of $0.28, an increase from $0.18 in Q1 2025. Management cited a strategic focus on industrial properties, contributing to an 11.6% rise in rental income, despite facing rising interest expenses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Jumped 17% YoY
- Total revenue reached $28.3 million, up from $24.2 million a year ago.
- Strong EPS Growth
- Diluted EPS rose to $0.28, compared to $0.18 in Q1 2025.
- Significant Lease Termination Fees
- Recognized $1.3 million from lease termination fees during the quarter.
- Impressive Occupancy Rate
- Occupancy stood at approximately 98.8% across 111 properties.
- Improved Funds from Operations
- FFO showed a year-on-year increase of 14.1% to $10.9 million.
- Growth in Acquired Properties Income
- Income from recent acquisitions increased substantially, contributing $5.1 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Rising Interest Expenses
- Interest expense rose to $6.96 million, a notable increase of 28.1% from Q1 2025.
- Vacancies at Retail Properties
- Reported 75% vacancy at the St. Louis Park property, posing a risk to cash flow.
- Dependence on Tenant Payments
- Risks associated with tenant defaults and their ability to meet lease obligations.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.28
What they said about what is next.
Management indicated ongoing focus on industrial acquisitions and expects stable rental income from existing properties, but no specific numeric guidance was provided.
The filing reads better than the one before it.
What came before.
- 10-K · March 6, 2026
- One Liberty Properties, Inc. reported strong growth in 2025, achieving total revenues of $97.2 million, up 7.4% from $90.6 million in 2024, supported primarily by increased rental income. However, the net income…
- 10-Q · November 6, 2025
- One Liberty Properties, Inc. reported Q3 2025 results showing robust EPS growth to $0.46, outperforming expectations by 44%. However, revenue of $23.7 million was below the forecasted $24.2 million, representing a 7%…
- 10-Q · August 6, 2025
- One Liberty Properties, Inc. reported Q2 2025 earnings with a revenue of $24.5 million, exceeding previous quarter revenues and reflecting a 12.6% growth year-over-year. The company delivered a diluted EPS of $0.39,…
- 10-Q · May 6, 2025
- One Liberty Properties, Inc. reported improved financial performance for Q1 2025, achieving revenues of $24.2 million, a 6.5% increase from $22.7 million in Q1 2024. However, diluted EPS declined to $0.18 from $0.23…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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