Liberty Property Trust

Guy Metcalfe to Join CBRE Group, Inc. Board of Directors

Retrieved on:

Friday, February 23, 2024

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CBRE Group, Inc. (NYSE:CBRE) today announced that Guy A. Metcalfe has been appointed to the company’s Board of Directors, effective February 26, 2024.

Key Points:

CBRE Group, Inc. (NYSE:CBRE) today announced that Guy A. Metcalfe has been appointed to the company’s Board of Directors, effective February 26, 2024.
In more than 30 years at Morgan Stanley, Mr. Metcalfe advised clients on over $850 billion of transactions.
He has served as a trusted strategic advisor to CBRE and helped to consummate notable capital-raising, mergers and acquisitions and capital markets transactions for the company.
Bob Sulentic, CBRE’s chair and chief executive officer, said: “Guy is one of the premier strategic advisors in the real estate industry.

One Liberty Properties Reports Third Quarter 2023 Results

Retrieved on:

Monday, November 6, 2023

GREAT NECK, N.Y., Nov. 06, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended September 30, 2023.

Key Points:

GREAT NECK, N.Y., Nov. 06, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended September 30, 2023.
Total operating expenses in the third quarter of 2023 were $14.3 million compared to $13.8 million for the third quarter of 2022.
Contributing to the change was a $340,000 increase in depreciation and amortization expense primarily related to properties acquired in 2022 and 2023.
Net income attributable to One Liberty in the third quarter of 2023 was $2.7 million, or $0.12 per diluted share, compared to $7.2 million, or $0.34 per diluted share, in the third quarter of 2022.

One Liberty Properties Announces 123rd Consecutive Quarterly Dividend

Retrieved on:

Wednesday, September 20, 2023

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GREAT NECK, N.Y., Sept. 20, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share.

Key Points:

GREAT NECK, N.Y., Sept. 20, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share.
The dividend is payable on October 11, 2023 to stockholders of record at the close of business on October 3, 2023, and represents One Liberty’s 123rd consecutive quarterly dividend.
One Liberty has increased or maintained its dividend for over 30 consecutive years.

One Liberty Properties Reports Second Quarter 2023 Results

Retrieved on:

Thursday, August 3, 2023

GREAT NECK, N.Y., Aug. 03, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended June 30, 2023.

Key Points:

GREAT NECK, N.Y., Aug. 03, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended June 30, 2023.
Total operating expenses in the second quarter of 2023 were $14.3 million compared to $13.5 million for the second quarter of 2022.
Net income attributable to One Liberty in the second quarter of 2023 was $6.5 million, or $0.30 per diluted share, compared to $16.8 million, or $0.79 per diluted share, in the second quarter of 2022.
Funds from Operations, or FFO1, was $9.6 million, or $0.45 per diluted share, for the second quarter of 2023, compared to $14.7 million, or $0.69 per diluted share, in the second quarter of 2022.

One Liberty Properties Adds to Industrial Property Portfolio With $13.4 Million Purchase

Retrieved on:

Thursday, July 13, 2023

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The Columbia industrial market is comprised of 73 million square feet with an approximate 4.5% vacancy rate.

Key Points:

The Columbia industrial market is comprised of 73 million square feet with an approximate 4.5% vacancy rate.
The property is leased to two tenants, with one tenant accounting for approximately 53% of the aggregate annual base rent.
Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty, commented, “We are thrilled to add another well-located industrial property in a growing market.
The below replacement cost purchase, favorable interest rate on the assumed debt and below market rent, positions this property to contribute to future cash flow growth.

One Liberty Properties Announces 122nd Consecutive Quarterly Dividend

Retrieved on:

Tuesday, June 13, 2023

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GREAT NECK, N.Y., June 13, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share.

Key Points:

GREAT NECK, N.Y., June 13, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share.
The dividend is payable on July 6, 2023 to stockholders of record at the close of business on June 26, 2023, and represents One Liberty’s 122nd consecutive quarterly dividend.
One Liberty has increased or maintained its dividend for over 30 consecutive years.

Service Properties Trust Elects Rajan Penkar to Board of Trustees

Retrieved on:

Tuesday, June 13, 2023

Commercial Building & Real Estate, Construction & Property, REIT, TravelCenters of America, Omnichannel, National Association of Corporate Directors, Woman, Carnegie Mellon University, Sears Holdings, Supply, National Association, SVC, Liberty Property Trust, U.S. Concrete, Security (finance), Trustee

Service Properties Trust (Nasdaq: SVC) today announced that it has elected Rajan Penkar to its Board as an Independent Trustee, effective immediately.

Key Points:

Service Properties Trust (Nasdaq: SVC) today announced that it has elected Rajan Penkar to its Board as an Independent Trustee, effective immediately.
With the addition of Mr. Penkar, SVC’s Board now has eight Trustees, including six independent Trustees, two of whom are women, and two of whom are members of underrepresented communities.
From 2011 to 2014, Mr. Penkar served as senior vice president and president, supply chain, for Sears Holding Corporation, an integrated retailer.
With the addition of Raj, the SVC Board is comprised of 75% of independent trustees and 25% members of underrepresented communities.

Service Properties Trust Acquires Nautilus Hotel in South Beach Miami

Retrieved on:

Thursday, June 1, 2023

Commercial Building & Real Estate, Vacation, Lodging, Construction & Property, REIT, Travel, Heart, Summer, Sonesta, Food, SVC, Acquisition, Nautilus, SF, Liberty Property Trust, Collins Avenue, Hotel

Service Properties Trust (Nasdaq: SVC) announced today that it has acquired the 250-room Nautilus Hotel located at 1825 Collins Avenue, Miami Beach, FL for $165.4 million, or approximately $661,600 per key.

Key Points:

Service Properties Trust (Nasdaq: SVC) announced today that it has acquired the 250-room Nautilus Hotel located at 1825 Collins Avenue, Miami Beach, FL for $165.4 million, or approximately $661,600 per key.
The Nautilus is a lifestyle oceanfront hotel located in Miami’s South Beach neighborhood with 250 guestrooms, including 55 suites, four food and beverage outlets, outdoor pool, spa, fitness center and 17,500 SF of flexible outdoor and indoor event space.
Todd Hargreaves, President and Chief Investment Officer of SVC, made the following statement regarding today’s announcement:
“The acquisition of the Nautilus Hotel provides SVC with an important entry into the South Beach market and adds another high-end destination resort hotel to our portfolio.
This is an irreplaceable beachfront parcel located in the heart of Miami Beach in an area with numerous high-end luxury and upper upscale hotels.

One Liberty Properties Reports First Quarter 2023 Results

Retrieved on:

Thursday, May 4, 2023

GREAT NECK, N.Y., May 04, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended March 31, 2023.

Key Points:

GREAT NECK, N.Y., May 04, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended March 31, 2023.
Total operating expenses were $14.4 million in the first quarter of 2023 compared to $13.4 million for the first quarter of 2022.
Net income attributable to One Liberty in the first quarter of 2023 was $5.4 million, or
$0.25 per diluted share, compared to $9.3 million, or $0.44 per diluted share, in the first quarter of 2022.
Net income for the 2023 quarter includes a $1.5 million, or $0.07 per diluted share, gain-on-sale of real estate.

One Liberty Properties Announces Dividend

Retrieved on:

Monday, March 13, 2023

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GREAT NECK, N.Y., March 13, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share.

Key Points:

GREAT NECK, N.Y., March 13, 2023 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share.
The dividend is payable on April 4, 2023 to stockholders of record on March 27, 2023.
This dividend represents One Liberty’s 121st consecutive quarterly dividend.