One Liberty Properties, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 4, 2026, reporting third-quarter net income of $1,104 thousand and nine-month net income of $23,009 thousand.

Key Highlights

  • Q3 2026 net income: $1,104 thousand, compared to $11,105 thousand in Q3 2025, according to the filing.
  • Q3 2026 rental income, net: $26,602 thousand, up from $23,771 thousand in the prior-year quarter.
  • Nine-month gain on sale of real estate, net: $18,196 thousand for the nine months ended September 30, 2026, versus $16,712 thousand for the same period in 2025.
  • Basic and diluted EPS (Q3 2026): $0.04 per share, compared to $0.48 per share in Q3 2025.
  • Cash distributions per share: $0.45 for Q3 2026, consistent with Q3 2025, bringing the nine-month total to $1.35 per share.
  • Total assets: $880,489 thousand as of September 30, 2026, versus $857,570 thousand as of December 31, 2025.
  • Shares outstanding: 21,906,742 shares of common stock as of October 30, 2026.

One Liberty Properties Financial Results for the Quarter Ended September 30, 2026

According to the filing, One Liberty Properties (NYSE:OLP) reported total revenues of $26,602 thousand for Q3 2026, up from $23,771 thousand in Q3 2025. The increase was driven primarily by higher rental income, net, which rose to $26,602 thousand from $23,771 thousand a year earlier. For the nine months ended September 30, 2026, total revenues reached $81,892 thousand, compared to $72,486 thousand in the same period of 2025, with lease termination fees of $1,327 thousand contributing to the nine-month figure versus $66 thousand in the prior-year period.

Total operating expenses for Q3 2026 were $19,332 thousand, up from $16,979 thousand in Q3 2025, the company disclosed. Depreciation and amortization rose to $8,311 thousand from $6,698 thousand, and impairment losses were $1,422 thousand in Q3 2026 versus $1,300 thousand in Q3 2025. Interest expense increased to $6,795 thousand from $5,617 thousand in the year-ago quarter. The gain on sale of real estate, net, was $887 thousand for Q3 2026, compared to $9,071 thousand in Q3 2025, contributing to the year-over-year decline in net income.

On the balance sheet, real estate investments, net, totaled $794,932 thousand as of September 30, 2026, up from $777,594 thousand at December 31, 2025. Mortgages payable, net, stood at $533,411 thousand, compared to $517,342 thousand at year-end 2025. The company also reported a $10,000 thousand balance on its line of credit as of September 30, 2026, where there was no outstanding balance at December 31, 2025. Total stockholders' equity attributable to One Liberty Properties, Inc. was $297,081 thousand, with 21,156 thousand shares issued and outstanding as of September 30, 2026.

What Was Disclosed

One Liberty Properties filed its quarterly report covering the period ended September 30, 2026, disclosing consolidated income statements, balance sheets, and cash flow data showing increased revenues, higher operating expenses, a reduced gain on property sales, and steady per-share distributions compared to the prior year.