One Liberty Properties, Inc. Stock News

— Closes on Previously Announced Purchase of Industrial Property For $33.0 Million — — Completes Sales and Secures Sales Agreements for Six Properties for an Estimated Gain of Approximately $9 Million —

– Increased or Maintained Dividend for Over 30 Consecutive Years – – Increased or Maintained Dividend for Over 30 Consecutive Years –

– Enters into Contracts to Acquire Two Industrial Properties for $61.6 million – – Closes on Purchase of Two Industrial Properties for Approximately $11.7 Million – – Completes Sales of Six Properties For $7.4 Million Gain – GREAT NECK, N.Y., Aug. 06, 2024 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announc...

– Upon Closing Company Will Have Added Four Industrial Properties for Over $73 Million in 2024 –

One Liberty Properties is a diversified REIT with a heavy focus on industrial and retail/service-oriented properties. Specialized REITs tend to outperform diversified REITs, but each diversification strategy should be evaluated individually. The dividend may be tempting. However, OLP has recently delivered a modest AFFO per share growth, no DPS growth, and is accompanied by a high AFFO payout r...

– Increased or Maintained Dividend for Over 30 Consecutive Years – – Increased or Maintained Dividend for Over 30 Consecutive Years –