Revenue: As of FY2026 Q1, the actual value is USD 28.29 M.

EPS: As of FY2026 Q1, the actual value is USD 0.28, beating the estimate of USD 0.26.

EBIT: As of FY2026 Q1, the actual value is USD 20.4 M.

One Liberty Properties, Inc. operates in a single reportable segment, primarily focused on industrial properties, with a portfolio that also includes retail and other property types .

Revenues

• Total Revenues: Increased by 17.0%, from $24,170,000 for the three months ended March 31, 2025, to $28,290,000 for the same period in 2026 .
• Rental Income, Net: Grew by 11.6%, from $24,170,000 in Q1 2025 to $26,963,000 in Q1 2026 . Acquisitions contributed $5,082,000 in Q1 2026, a 348.9% increase from $1,132,000 in Q1 2025, while dispositions generated $103,000 in Q1 2026, a -92.4% decrease from $1,352,000 in Q1 2025 . Same-store rental income increased by 0.4%, from $21,686,000 in Q1 2025 to $21,778,000 in Q1 2026, driven by new tenants and lease amendments/extensions, partially offset by lease expirations and tenant reimbursements .
• Lease Termination Fees: One Liberty Properties, Inc. recognized $1,327,000 in Q1 2026 from two industrial tenants, compared to $0 in Q1 2025 .

Operating Expenses

• Total Operating Expenses: Increased by 19.3%, from $15,659,000 in Q1 2025 to $18,684,000 in Q1 2026 .
• Depreciation and Amortization: Increased by 30.9%, from $6,545,000 in Q1 2025 to $8,570,000 in Q1 2026, primarily due to acquired properties and improvements .
• Real Estate Expenses: Increased by 13.4%, from $5,038,000 in Q1 2025 to $5,712,000 in Q1 2026, mainly due to properties acquired since January 1, 2025, and common area maintenance/utilities . Non-reimbursed real estate expenses were $1,100,000 in Q1 2026, up from $776,000 in Q1 2025 .
• General and Administrative: Increased by 4.0%, from $4,170,000 in Q1 2025 to $4,338,000 in Q1 2026, mainly due to higher professional fees .
• State Tax Expense (Benefit): Changed from a benefit of - $94,000 in Q1 2025 to an expense of $64,000 in Q1 2026, largely due to a refund received in 2025 .

Other Operating Income

• Gain on Sale of Real Estate, Net: Increased significantly by 249.2%, from $1,110,000 in Q1 2025 to $3,876,000 in Q1 2026, primarily from the sale of two retail properties in 2026 .

Other Income and Expenses

• Other Income: Decreased by -81.7%, from $213,000 in Q1 2025 to $39,000 in Q1 2026, mainly due to a decrease in interest income from short-term U.S. treasury bills .
• Interest Expense: Increased by 28.1%, from - $5,432,000 in Q1 2025 to - $6,958,000 in Q1 2026 . Mortgage interest increased by 23.7% to - $6,626,000 in Q1 2026, driven by an increase in the weighted average principal amount of mortgage debt and a higher weighted average interest rate (4.95% in Q1 2026 vs 4.65% in Q1 2025) . Credit line interest increased by 331.2% to - $332,000 in Q1 2026 due to an increase in the weighted average principal amount outstanding .
• Amortization and Write-off of Deferred Financing Costs: Increased by 38.6%, from - $233,000 in Q1 2025 to - $323,000 in Q1 2026 .

Cash Flow

• Net Cash Provided by Operating Activities: Was $11,223,000 for the three months ended March 31, 2026, compared to $10,996,000 for the same period in 2025 .

Unique Metrics

• Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO): NAREIT FFO applicable to common stock increased by 14.1% to $10,926,000 in Q1 2026, while Adjusted FFO applicable to common stock increased by 0.1% to $10,521,000 in Q1 2026 .
• Occupancy Rate: Approximately 98.8% based on square footage as of March 31, 2026 .
• Base Rent: Approximately $83.2 million, representing the base rent payable for the twelve months ending March 31, 2027, under leases in effect at April 1, 2026 .
• Property Portfolio: As of March 31, 2026, One Liberty Properties, Inc. owns 111 properties totaling approximately 12.4 million square feet across 33 states, with 79 industrial properties accounting for 11.0 million square feet and 84.2% of Base Rent . Retail properties comprise 27 properties (1.1 million square feet, 11.3% of Base Rent), and other properties include 5 properties (0.3 million square feet, 4.5% of Base Rent) .
• Acquisitions (Q1 2026): One Liberty Properties, Inc. acquired a 637,633 square foot portfolio of ten industrial properties for $56.7 million, incurring $387,000 in transaction costs, and obtained $17.0 million in new mortgage debt .
• Sales (Q1 2026): Two retail properties were sold for $10,200,000, resulting in a net gain of $3,876,000 .

Outlook and Guidance

One Liberty Properties, Inc. projects rental income of $505,000 from its St. Louis Park, Minnesota property for the year, with estimated unreimbursed real estate expenses of $400,000 for the nine months ending December 31, 2026, and is exploring sale or lease options for this property . The company expects mortgage interest expense to be approximately $19.2 million and credit facility interest expense to be around $700,000 for the nine months ending December 31, 2026, following planned property sales and debt paydowns . Future liquidity and capital requirements are anticipated to be met through operating cash flow, available cash, credit facility borrowings, property financings, sales, and common stock issuances, with plans to refinance or pay off mortgage loans maturing between 2026 and 2029 .