One Liberty Properties Reports 10% Revenue Growth to $27 Million in Q2 2026

One Liberty Properties, Inc. reported a notable increase in financial performance for the second quarter of 2026, with total revenues reaching $27 million, a 10% increase from $24.5 million in the same period last year. For the first half of 2026, revenues totaled $55.3 million, up 13.5% from $48.7 million in the prior year. The growth was primarily driven by a 10.3% rise in rental income, which amounted to $27 million for the quarter and $54 million for the six months ended June 30, 2026. The company also recognized $1.3 million in lease termination fees during the first half of the year, significantly higher than the $66,000 recorded in the same period of 2025.

In terms of profitability, One Liberty Properties reported a net income of $15.7 million for the second quarter, compared to $9.4 million in the previous year, marking a 66.5% increase. For the first half of 2026, net income was $21.9 million, up from $13.6 million in 2025. The earnings per share for the quarter were $0.72, a substantial increase from $0.39 in the prior year, while the six-month earnings per share rose to $1.00 from $0.57.

The company has also made strategic moves in its real estate portfolio, acquiring a total of $57.5 million in properties during the first half of 2026, including several industrial properties. Notably, One Liberty Properties sold multiple retail properties, generating a gain on sale of $17.3 million for the first half of the year, compared to $7.6 million in the same period last year. The company continues to focus on its industrial property segment, which now comprises 80 of its 109 properties across 33 states, with an overall occupancy rate of approximately 97.6%.

Operationally, One Liberty Properties has maintained a strong balance sheet, with total assets of $872.1 million as of June 30, 2026, up from $857.6 million at the end of 2025. The company’s total liabilities increased to $567.5 million, primarily due to an increase in mortgages payable, which rose to $528.3 million from $517.3 million. The company also announced a new credit facility on July 31, 2026, allowing for borrowing up to $100 million, which is expected to enhance liquidity and support future acquisitions.

Looking ahead, One Liberty Properties remains optimistic about its growth trajectory, with a focus on expanding its industrial property holdings and managing its existing portfolio effectively. The company anticipates continued revenue growth driven by strategic acquisitions and improved operational efficiencies, while also navigating potential market challenges.