One Liberty Properties Q3 revenue up 11.9% to $26.6 million; net income falls 89.5%
One Liberty Properties reported third quarter 2026 results, with total revenues up 11.9% year over year to $26.6 million, driven by industrial acquisitions. Net income attributable to the company fell 89.5% to $1.1 million, or $0.04 per diluted share, mainly because the prior-year quarter included a $9.1 million net gain on property sales versus $887,000 this quarter. Funds from operations (FFO) per diluted share rose 7.1% to $0.45, which is a key measure for REIT shareholders.
Key points
- Total revenues were $26.6 million, up $2.8 million from the third quarter of 2025; net income per diluted share was $0.04 versus $0.48.
- FFO per diluted share was $0.45 versus $0.42; AFFO per diluted share was $0.50 versus $0.46.
- Interest expense rose to $6.8 million from $5.6 million, reflecting higher weighted average mortgage debt and, to a lesser extent, higher rates.
- A $34 million Milwaukee industrial portfolio purchase is under a definitive agreement, with closing expected in the fourth quarter of 2026.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.