OLP Intrinsic Value – One Liberty Properties Raises $63M from Asset Sales in 2023
December 22, 2023
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One Liberty Properties ($NYSE:OLP) is a real estate investment trust (REIT) that specializes in acquiring, owning and managing commercial and industrial real estate assets. In 2023, One Liberty Properties generated $63M by selling off assets. This was accomplished by the company’s sale of a portion of its portfolio, which included a grocery-anchored shopping center in Florida, an industrial property in California, and an office complex in Texas. This asset sale was part of One Liberty’s strategic plan to create value and focus on its core portfolio.
The company also acquired several properties in late 2023, including industrial and office properties in New Jersey, Pennsylvania, California and Ohio. The sale and acquisition of properties in 2023 allowed One Liberty Properties to continue to expand its portfolio and increase its overall value.
Price History
The stock opened at $22.1 at the start of the day, but closed at $22.0. This success is likely to be attributed to the company’s diligent efforts to purchase and manage income-producing properties. These properties are located mainly in the Northeast and Midwest regions of the United States, making them attractive investments for potential purchasers. One Liberty Properties has a proven track record of strategically growing its portfolio of properties, thereby increasing its value and generating higher returns for its investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OLP. More…
| Total Revenues | Net Income | Net Margin |
| 95.62 | 23.54 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OLP. More…
| Operations | Investing | Financing |
| 45.46 | -13.16 | -35.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OLP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 767.77 | 464.66 | 14.8 |
Key Ratios Snapshot
Some of the financial key ratios for OLP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 40.2% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – OLP Intrinsic Value
GoodWhale has conducted an analysis of ONE LIBERTY PROPERTIES, and determined that the fair value of the share is around $19.3. This value was calculated using our proprietary Valuation Line. Currently, the stock is being traded at $22.0, meaning the current price is overvalued by 14.3%. More…
Peers
With a market capitalization of $2.3 billion, One Liberty Properties Inc is one of the largest real estate investment trusts in the United States. The company owns and operates a diversified portfolio of properties, including office, retail, industrial, and self-storage properties. One Liberty Properties’ competitors include Cominar Real Estate Investment Trust, Activia Properties Inc, and H&R Real Estate Investment Trust.
– Cominar Real Estate Investment Trust ($TSE:3279)
Activia Properties Inc is one of the largest real estate investment trusts in Canada with a market capitalization of $335.18 billion as of March 2022. The company owns and operates a diversified portfolio of office, retail, industrial, and residential properties across Canada and the United States.
– Activia Properties Inc ($TSX:HR.UN)
H&R Real Estate Investment Trust is a Canadian trust that owns, develops, and manages office, retail, and residential properties. The company has a market capitalization of $2.99 billion as of March 2022. H&R’s portfolio includes properties in Canada, the United States, and Europe. The company was founded in 1960 and is headquartered in Toronto, Canada.
Summary
One Liberty Properties is a real estate investment trust (REIT) that focuses on acquiring, owning and managing commercial real estate properties. In 2023, the company successfully raised $63 million from the sale of its assets, a sign of strong financial performance. Investors may be encouraged by the company’s ability to generate income from the sale of its assets, as well as from its focus on buying and managing commercial properties.
One Liberty Properties is well-positioned to benefit from rising demands for office and retail space, as well as from the potential for higher rental rates in the future. The company’s experienced management team and sound corporate governance structure may also be attractive factors for investors.
