One Liberty Properties, Inc. (OLP)
NYSEReal EstateReit - DiversifiedSnapshot 2026-09-09
$23.49-1.18%
Close 2026-09-09 · 1-day change
NYSEReal EstateReit - DiversifiedSnapshot 2026-09-09
Intact: The reason to own it still holds.
One Liberty keeps paying a steady $0.45 dividend per share. Cash from operations rose to $11.22 million in early 2026. Net income improved to $6.24 million in the same period. Revenue is expected above $97 million in 2026.
Revenue growth could slow below 18.5 million in 2025. Operating cash flow might weaken, hurting financial stability. Dividend cuts could happen if income falls sharply.
The price is about 12% above our fair value near $22. Analysts expect 22% revenue growth, which we consider justified.
Breaks if: net income falls below $6 million
Breaks if: cash from operating activities falls below $11 million
Breaks if: revenue falls below $90 million in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on expanding its industrial property portfolio. The current thesis state indicates a cautious optimism due to recent strong financial performance, despite low confidence in earnings quality.
The market currently prices OLP as cheap compared to its peers, reflecting a low expectations gap. However, there is a fragility in execution quality that suggests the market is not fully accounting for potential risks.
Management has shown strong operational performance, particularly in increasing net income and rental income through acquisitions. However, the earnings quality remains fragile, which could pose risks in the near term.
The long-term thesis hinges on several factors, including the potential for the Federal Reserve to cut interest rates, which could benefit OLP and the real estate sector. Additionally, the performance of sector leaders like VICI, WPC, and JAN will be crucial for OLP's momentum.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: dividend per share falls below $0.45
Overall, OLP is navigating a challenging sector backdrop with stable management and a focus on growth. The next few quarters will be critical in determining its trajectory. Not investment advice.