One Liberty Properties Completes $12.0 Million Acquisition of Industrial Distribution Property
One Liberty Properties, Inc. (OLP)
Last one liberty properties, inc. earnings: 3/13 04:15 pm
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1liberty.com/investor_relations
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Source: Marketwire
GREAT NECK, NY -- (Marketwired) -- 06/12/17 -- One Liberty Properties, Inc. (NYSE: OLP), announced that it acquired a 249,000 square foot distribution facility on 21.8 acres located in Pittston, a suburb of Scranton/Wilkes-Barre, Pennsylvania for $12.0 million. The facility is net leased to Saddle Creek Corporation, a logistics provider, through 2022. The current annual base rent under the lease is approximately $911,000 with annual increases of 2.5%. "The Pittston facility adds another high quality industrial facility to our portfolio at an attractive price," stated Patrick J. Callan, Jr, President and Chief Executive Officer of One Liberty. "The property is well located off two interstate highways in close proximity to an international airport in a densely populated area offering a strong labor force. The tenant has been in business for 50 years and has grown to be one of the largest privately held logistics providers in North America." Forward Looking Statement:
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News
- One Liberty Properties, Inc. (NYSE: OLP) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- One Liberty Properties, Inc. (NYSE: OLP) had its price target raised by analysts at B. Riley from $24.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- Investors in One Liberty Properties (NYSE:OLP) have seen returns of 21% over the past five years [Yahoo! Finance]Yahoo! Finance
- One Liberty Properties, Inc. (NYSE: OLP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Four High-Yield REITs Making Recent Large Gains [Yahoo! Finance]Yahoo! Finance
OLP
Earnings
- 8/3/23 - Miss
OLP
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEF
- 4/5/24 - Form 4
- OLP's page on the SEC website