One Liberty Properties, Inc. (OLP) Stock

One Liberty Properties, Inc. (OLP) is a Real Estate stock trading at $24.18 (as of 2026-08-21), with a market capitalization of $527.59M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

One Liberty Properties, Inc. is a self-administered, self-managed Maryland REIT founded in 1982. It acquires, owns, and manages a geographically diversified portfolio of commercial properties, which includes industrial, retail, restaurant, health and fitness, and theater assets, many held under long-term net leases.

Understand One Liberty Properties, Inc.: how it makes money

One Liberty Properties is a self-managed REIT that acquires, owns, and manages a portfolio of industrial, retail, restaurant, health and fitness, and theater properties, earning money primarily from tenant rent under long-term net leases where tenants typically pay property taxes, insurance, and ordinary maintenance and repairs.

Because many properties are structured as long-term net leases, the REIT’s operating results are driven mainly by contractual base rent and lease outcomes (renewals, extensions, and remaining term), with less direct exposure to property-level taxes, insurance, and ordinary maintenance since tenants typically bear those costs.

Business quality (Mixed): The business model is understandable (net leases and contractual rent), but this dataset does not provide official reportable segment revenue or profitability metrics, limiting how precisely investors can assess which parts of the portfolio drive results.

Valuation: At 19× earnings, OLP trades 44% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Net lease structure shifts ongoing property costs to tenants: Many properties are subject to long term net leases where tenants are typically responsible for real estate taxes, insurance, and ordinary maintenance and repairs.
Industrial rent is the dominant contributor: Industrial Properties Share of Base Rent is 84%, supported by Industrial Base Rent and Industrial Properties being the largest portion of the portfolio.
Lease rollover is partially supported by renewals and extensions: The company reports Square Feet of Extended or Renewed Leases of 116000.

Bear case

Geographic concentration risk: Highest State Concentration as a Percentage of 2025 Base Rent is 41%, and South Carolina Base Rent is 13.3 (USD_B metric context as provided).
Portfolio concentration in industrial: Industrial Properties Share of Base Rent is 84%, so deterioration in industrial tenant demand or lease performance could disproportionately affect results.
Finite remaining lease term creates renewal exposure: Average Remaining Lease Term is 4.9, and Average Lease Term Remaining is 5.5, implying future rent depends on renewals and new leases.

Valuation — source: SEC EDGAR (first-party)
Price	$24.18
Market Cap	$527.59M
EV / EBITDA	6.1
Price / Book	1.77
DCF Value (model)	$73.42
DCF Upside vs Price	203.6%

Valuation vs Sector & Industry
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	35.3

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($36.75M)
Institutional Holders Tracked	10

Company
Sector	Real Estate
Industry	Trading
CEO	Patrick J. Callan Jr.
Employees	10
Country	US
IPO Date	1983-04-25

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.