公司概述
One Liberty Properties, Inc. operates as a self-administered and self-managed real estate investment trust that acquires, owns, and manages a geographically diversified portfolio consisting primarily of industrial properties. As of December 31, 2025, the company's holdings include 103 properties, with a specific note regarding a property owned by a co-venture partner, reflecting its diversified asset base within the real estate sector. The firm functions within the REIT - Diversified industry, a classification that signifies its mixed investment approach across various real estate sub-sectors while maintaining a primary focus on industrial assets. In terms of scale, the company holds a market capitalization of $467.67M and generates annual revenue of $97.26M, supported by a workforce of 9 employees. These valuation and revenue figures indicate a mid-sized entity that maintains a significant operational footprint relative to its lean staffing structure, suggesting a high degree of asset leverage and operational efficiency typical of mature real estate investment trusts.
财务健康
The company reported revenue of $97.26M and net income of $24.14M over the trailing twelve months, with an EBITDA of $54.46M, highlighting a substantial operational earnings buffer before interest, taxes, depreciation, and amortization. The gap between the $97.26M revenue and $24.14M net income reveals a cost structure where approximately 79.5% of revenue remains as gross profit, yet operational expenses and taxes consume a significant portion of that gross margin to arrive at the final profit. Operating margins stand at 39.6%, while profit margins are recorded at 26.2%, indicating that the company retains roughly one-quarter of its total revenue as net profit after all costs are deducted. Free cash flow stands at $41.37M, which provides the company with significant financial flexibility to service debt obligations or fund capital expenditures without relying on external financing. The balance sheet reflects a highly leveraged position with total debt of $407.83M against cash holdings of $16.16M, resulting in a debt-to-equity ratio of 133.16% that underscores a capital structure heavily weighted toward debt financing. The current ratio is listed at 0.58, which indicates that the company's current assets are insufficient to cover its current liabilities on a short-term basis, presenting a liquidity constraint typical for asset-heavy real estate firms. Return on equity is 8.9% and return on assets is 2.6%, metrics that reveal the management's effectiveness in generating returns relative to shareholder equity and the total asset base, respectively.
估值评估
The trailing P/E ratio is 18.64, while the forward P/E is significantly higher at 59.56, implying that the market expects a substantial increase in earnings growth or that current earnings do not yet reflect the future potential of the industrial portfolio. The price-to-book ratio is 1.42, indicating that the market values the company at a 42% premium over its net book value, which may reflect the quality of its industrial assets or investor expectations for future appreciation. Alternative valuation metrics include a price-to-sales ratio of 4.81 and an EV/EBITDA of 15.16, which suggest that investors are willing to pay a premium for revenue and operating earnings that are likely resilient within the industrial real estate sector. The 52-week high is $26.86 and the 52-week low is $19.62, meaning the current trading price sits at a level that requires calculation relative to this range to determine precise proximity to historical peaks or troughs. The beta value is 0.97, which indicates that the stock's price volatility is roughly in line with the broader market, suggesting that the asset class does not exhibit extreme sensitivity to general market fluctuations compared to more volatile sectors.
Growth & Income
Revenue growth year-over-year is 12.5%, while earnings growth year-over-year is 87.5%, demonstrating that earnings are expanding significantly faster than revenue, which often implies improvements in operating leverage or margin expansion rather than just top-line volume growth. As a dividend payer, the company offers a dividend yield of 8.4% with a payout ratio of 156.5%, a metric that suggests the dividend is being paid out of capital rather than current earnings, potentially indicating a need for capital recycling to sustain the yield. The high payout ratio relative to the 26.2% profit margin implies that the current dividend level may not be fully sustainable solely from current earnings, relying instead on the company's cash flow generation or asset appreciation. The overall growth and income profile presents a high-yield opportunity with strong earnings acceleration, though the payout ratio and liquidity constraints require careful monitoring of cash flow stability to ensure long-term dividend sustainability.