# One Liberty Properties, Inc. (OLP)

> Source: Nexqual · https://nexqual.com/OLP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, One Liberty Properties, Inc. (OLP), nexqual.com/OLP" · informational, not investment advice.

**Price:** USD 22.37 (+3.14% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 21.69 · day 21.91–22.49 · 52w 19.62–25.88 · market cap $490M · NYQ

## Key facts
- Valuation: P/E 14.1x (avg 16.8x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $523K; 4 not under a Rule 10b5-1 plan ($523K); 4 by opportunistic insiders (4 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (3 analysts), mean target USD 27.17 (range 26–28.5).
- Total return with dividends: 1Y +17.3% vs S&P 500 +14.9%; 5Y +3.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.12, revenue estimate $26.7M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $82.7M | — | — | — | — | — |
| Operating income | $57.0M | $54.1M | $50.3M | $49.9M | $47.9M | $59.2M |
| Net income | $38.9M | $42.2M | $29.6M | $30.4M | $25.5M | $34.8M |
| EPS (diluted) | $1.85 | $1.99 | $1.38 | $1.40 | $1.15 | — |
| Operating margin | 68.9% | — | — | — | — | — |
| Net margin | 47.0% | — | — | — | — | — |
| Revenue growth | +1.0% | — | — | — | — | — |
| Cash + short-term investments | $16.2M | $6.7M | $26.4M | $42.3M | $14.4M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 14.1x · P/B 1.6x · Earnings yield 7.10% · Dividend yield (paid, TTM) 6.04%
P/E at fiscal year-ends: Dec 2025 16.7x, Dec 2024 18.6x, Dec 2023 15.2x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-17 | Clair Justin | Executive Vice President | 4,500 | $108K | 11.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-25…2026-06-29 | Ricketts Lawrence | Exec.Vice President and COO | 12,000 | $286K | 6.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-08 | Clair Justin | Executive Vice President | 2,676 | $63K | 7.5% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-02 | Ricketts Lawrence | Exec.Vice President and COO | 2,999 | $66K | 1.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 3 analysts; mean target USD 27.17 (low 26, high 28.5).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +17.3% | +3.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +17.4% | +0.6% |
| Volatility (annualized) | 19.1% | 22.9% |
| Max drawdown | -13.6% (Jul 2026→Oct 2026) | -41.8% (Dec 2021→Oct 2023) |

## Peers (REIT - Diversified)
FVR (FrontView REIT, Inc.) USD 17.76 +3.14% · GOOD (Gladstone Commercial Corporatio) USD 12 +3.18% · AHRT (AH Realty Trust, Inc.) USD 6.14 +3.54% · CTO (CTO Realty Growth, Inc.) USD 20.25 +3.42% · SAFE (Safehold Inc. New) USD 11.33 +6.29% · JBGS (JBG SMITH Properties) USD 11.39 +6.35%

## More
Full page: https://nexqual.com/OLP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in OLP's own 10-K filed 2026-03-06 (https://www.sec.gov/Archives/edgar/data/712770/000110465926024579/olp-20251231x10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Majestic Property Management | "We are a party to a compensation and services agreement with Majestic Property effective as of January 1, 2007, as amended." |

## Company outlook (8-K filed 2026-08-05)

- "This sale generated net proceeds of approximately $1.9 million, and the Company estimates that it will generate a net gain of approximately $887,000. 2 Pending Transaction: ● Entered into an agreement to sell a non-core retail property located in Chicago, Illinois, for approximately $5.7 million, and anticipate the sale will close in third quarter 2026."
- "FFO and AFFO are intended to exclude GAAP historical cost depreciation and amortization of real estate assets, which assumes that the value of real estate assets diminish predictability over time."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.12 | $0.09 | +33.3% | $26.7M | 1 |
| Next quarter (ends 2026-12-31) | $0.10 | $0.10 | +0.0% | $27.0M | 1 |
| Current fiscal year (ends 2026-12-31) | $1.21 | $0.59 | +105.1% | $108.5M | 1 |
| Next fiscal year (ends 2027-12-31) | $0.38 | $0.36 | +5.6% | $110.7M | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±16.0%; last 8 reports averaged ±1.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 19.1% | ±16.0% |
| 2027-02-19 | 119 | 47.8% | ±8.5% |