| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 4 | 1 | 1 | 1 | — | 1 | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡ |
|
| 2027 | ‡‡‡ |
|
| 2026 | 1.80 |
—
—
—
|
| 2025 | 1.80 |
—
—
—
—
|
| 2024 | 1.80 |
—
—
—
—
|
| 2023 | 1.80 |
—
—
—
—
|
| 2022 | 1.80 |
—
—
—
—
|
| 2021 | 1.80 |
—
—
—
—
|
| 2020 | 1.80 |
—
—
—
—
|
| 2019 | 1.80 |
—
—
—
—
|
| 2018 | 1.80 |
—
—
—
—
|
| 2017 | 1.74 |
—
—
—
—
|
| 2016 | 1.66 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 26.43 | 42.32 | 14.43 | 13.09 |
| Receivables | 36.49 | 36.58 | 39.84 | 29.30 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 62.92 | 78.90 | 54.27 | 42.38 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | — | — | — | — |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 25.42 | 26.07 | 27.49 | 26.21 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 28.29 | 27.00 | — | — |
—
|
| ’25 | 24.17 | 24.55 | 23.77 | 24.74 |
97.23
|
| ’24 | 22.70 | 21.80 | 22.21 | 23.86 |
90.56
|
| ’23 | 22.95 | 22.41 | 22.55 | 22.74 |
90.65
|
| ’22 | 21.56 | 21.47 | 21.47 | 27.72 |
92.22
|
| ’21 | 20.82 | 20.42 | 20.44 | 21.07 |
82.74
|
| ’20 | 21.24 | 20.86 | 21.07 | 18.73 |
81.90
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 11.22 | 12.04 | — | — |
—
|
| ’25 | 11.00 | 11.23 | 10.87 | 4.42 |
37.52
|
| ’24 | 8.91 | 8.62 | 9.97 | 11.57 |
39.06
|
| ’23 | 14.71 | 10.22 | 11.15 | 9.97 |
46.05
|
| ’22 | 8.83 | 14.96 | 11.03 | 9.38 |
44.20
|
| ’21 | 11.45 | 15.67 | 9.44 | 12.00 |
48.56
|
| ’20 | 10.05 | 8.07 | 7.56 | 9.45 |
35.13
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (37.92) | 36.15 | — | — |
—
|
| ’25 | (75.96) | 36.73 | 3.68 | (53.17) |
(88.72)
|
| ’24 | 10.73 | 17.94 | (10.91) | 31.00 |
48.76
|
| ’23 | 17.62 | 13.85 | 4.02 | 36.38 |
71.87
|
| ’22 | 8.17 | (4.61) | 17.60 | (3.19) |
17.96
|
| ’21 | 10.51 | 45.39 | 6.98 | 7.98 |
70.86
|
| ’20 | (11.47) | 7.91 | 25.17 | 13.39 |
35.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.28 | 0.71 | — | — |
—
|
| ’25 | 0.18 | 0.39 | 0.48 | 0.12 |
1.15
|
| ’24 | 0.23 | 0.45 | 0.23 | 0.49 |
1.40
|
| ’23 | 0.25 | 0.30 | 0.12 | 0.71 |
1.38
|
| ’22 | 0.44 | 0.79 | 0.34 | 0.42 |
1.99
|
| ’21 | 0.13 | 1.12 | 0.28 | 0.30 |
1.85
|
| ’20 | 0.39 | 0.10 | 0.67 | 0.16 |
1.33
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 20.45 | 17.55 | 19.25 | 19.62 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 36.60 | 24.73 | 30.45 | 28.36 | — | — | — |
High Price
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 10 | 10 | 10 | 9 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.22 | 9.06 | 9.06 | 10.80 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 92.22 | 90.65 | 90.56 | 97.23 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 83.18% | 81.86% | 80.23% | 79.56% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 42.25 | 29.92 | 30.80 | 27.11 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 45.82% | 33.01% | 34.01% | 27.88% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 42.25 | 29.92 | 30.80 | 27.11 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.57 | 30.04 | 29.01 | 32.53 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.53 | 4.42 | 4.40 | 4.66 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.99 | 1.38 | 1.40 | 1.15 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.17 | 2.25 | 1.90 | 1.80 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.29) | 1.26 | 0.47 | (6.05) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.88 | 3.51 | 2.37 | (4.25) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.57 | 15.01 | 14.98 | 14.37 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.36 | 20.50 | 20.60 | 20.87 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.34 | 16.14 | 19.46 | 17.34 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.98 | 5.04 | 6.20 | 4.35 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.45 | 1.48 | 1.82 | 1.41 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.80 | 9.46 | 10.48 | 9.62 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 50.33 | 11.94 | 19.46 | (10.55) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.20 | 46.05 | 39.06 | 37.52 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (26.23) | 25.81 | 9.71 | (126.24) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.96 | 71.87 | 48.76 | (88.72) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.60 | 37.51 | 52.83 | 26.79 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 451.49 | 418.35 | 420.56 | 517.34 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 444.77 | 391.92 | 378.24 | 502.91 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 316.94 | 307.75 | 308.58 | 299.80 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.30% | 3.67% | 3.81% | 2.97% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.44% | 4.49% | 4.54% | 3.73% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.08% | 9.07% | 9.45% | 7.94% | — | — | — |
ROE
|
One Liberty Properties (OLP), a triple-net lease REIT focused on industrial, retail, and office assets, offers the allure of steady revenue growth—up 28% cumulatively since 2016—and a robust free cash flow supporting a juicy dividend yield. Yet beneath this stability lurks erosion: gross margins have slipped from 86.9% to 80.2%, profitability has slid post-2022 peaks, and earnings are forecast flat at $26.6 million through 2027 despite revenue ramps to $110 million. With shares near multi-year lows and insiders dumping $596k in stock without a single buy, the consensus mild bullishness (14% upside) feels complacent amid leverage risks in a high-rate environment.
The contrarian lens sharpens the intrigue: book value stagnant, share count inflated, and tenant headwinds from office shifts and potential recessions threatening the facade of resilience. FCF remains a bright spot at $2.37 per share, funding dividends amid moderated capex, but decoupling stock action from fundamentals—highs crushed by rate hikes—signals a yield trap unless rates plunge. Is OLP’s unremarkable grind a cage for trapped value, or a breakout waiting for execution? Dive deeper for the full risks and upside scenarios.
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