One Liberty Properties Inc. Common Stock (OLP)

FairStock Score: 43/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with what OLP is: a small, self-managed real estate owner with 103 properties, mostly industrial, across 30 states. That is a decent asset class, but real estate is a commodity business; without tenant concentration, lease duration, or occupancy data, I cannot identify a durable competitive advantage. The filed numbers show net income of $25.5M in FY2025 (EPS $1.15), down from $30.4M in FY2024 (EPS $1.40) and $29.6M in FY2023 (EPS $1.38). The latest quarter, fiscal Q2 2026 ended 2026-06-30, showed $15.7M net income and $0.71 diluted EPS, but quarterly real estate earnings can swing on gains and timing. Revenue is not in the filed figures I was given, so I cannot verify the revenue trend; I also lack FFO/AFFO, which are the right REIT measures. At the 2026-10-13 close of $22.24, FairStock calculates P/B 1.54, P/E 14.08, EV/EBITDA 10.94, and a 7.88% dividend yield. A 7.88% yield is attractive, and FCF yield is 7.9%, suggesting the dividend is roughly covered by trailing free cash flow. But D/E is 1.74, ROCE is only 2.67%, and Altman Z is 0.49, all warning that leverage and returns are weak. Price is above book value, not a bargain for a small diversified REIT with modest growth. FairStock score 43/100 and a Lynch SLOW GROWER — Shrinking label fit the uneven profit record. I would want lower leverage and evidence of stable FFO/AFFO before calling it cheap.

In plain English: One Liberty owns and leases industrial buildings in many states. The business looks only fair: it earns money, but profits have slipped and it uses a lot of borrowed money. At $22.24, the price looks roughly fair compared with the value of its properties; the high dividend is the main draw.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer