One Liberty Properties
One Liberty Properties (NYSE: OLP) is a self-managed REIT that acquires and operates industrial properties across 33 U.S. states, serving enterprise logistics, manufacturing, and distribution tenants under long-term net leases with consistent quarterly dividends.
- Company typePublic
- Founded1992
- HeadquartersGreat Neck, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What One Liberty Properties does
The company monetizes its real estate through two revenue streams: recurring rental income from industrial properties (the dominant and growing stream) and gains on the sale of non-core retail and other properties. In 2025, rental income plus disposition activity produced total revenue of approximately $97.26 million, with FFO of $1.80 per diluted share and net income of $1.15 per diluted share. The go-to-market motion is dual-sided: (1) capital allocation toward institutional and retail investors via the NYSE listing and quarterly dividend ($0.45 per share quarterly, $1.80 annualized, 134 consecutive quarterly payments), and (2) direct property acquisitions sourced through a dedicated acquisitions team and an [email protected] intake channel, with underwriting focused on submarkets featuring high barriers to entry, low vacancy, and below-replacement-cost pricing with embedded mark-to-market upside. The company operates a lean platform of 11-50 employees, has executed three major industrial acquisitions totaling over $158 million in the 12 months ending January 2026, and trades at 12.2x AFFO versus an industrial REIT peer median of 17.3x.
One Liberty Properties firmographics
Firmographics- Name
- One Liberty Properties
- Legal name
- One Liberty Properties, Inc.
- Website
- https://onelibertyproperties.com
- Company type
- Public
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- One Liberty Properties (NYSE: OLP) is a self-managed REIT that acquires and operates industrial properties across 33 U.S. states, serving enterprise logistics, manufacturing, and distribution tenants under long-term net leases with consistent quarterly dividends.
- Ownership category
- akta.pro rank
One Liberty Properties industry classification
Industry- Product category
- Industrial Real Estate / Net Lease REIT
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259), Rental and Leasing Services (532)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)
Keywords
Where One Liberty Properties is headquartered
LocationHeadquarters
- HQ city
- Great Neck
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
One Liberty Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Others
Revenue model
- Rental Income from Industrial Properties: The company generates revenue primarily through rental income from industrial properties leased to tenants under long-term net leases with periodic rent increases. As of 2025, approximately 82% of annual base rent comes from industrial properties following the strategic portfolio repositioning.
- Property Dispositions: The company generates gains on sale from divesting non-core retail and other properties. In 2025, the company sold 10 non-core retail and other properties for $58.9 million, achieving a net gain on sale of $18.7 million.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Quarterly dividend of $0.45 per share |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
One Liberty Properties product offering
Product offeringCore offering
One Liberty Properties is a self-managed REIT that acquires, owns, and operates a portfolio of 112 industrial properties across 33 U.S. states, primarily logistics warehouses and distribution facilities leased under long-term net leases. Industrial properties comprise approximately 82% of annual base rent with 98.5% portfolio occupancy, and tenants include credit-quality firms such as Amazon, Mondelez Global, Husqvarna, Linde Gas, Bimbo Bakeries USA, and Home Depot.
Product overview
One Liberty Properties is a self-managed Real Estate Investment Trust (REIT) that operates as a single unified offering: acquiring, owning, and managing industrial properties across the United States. The company has transformed from a diversified REIT into a pure-play industrial REIT, with its portfolio now comprising 112 properties across 33 states generating over 82% of annual base rent from industrial assets. Key properties include the 79 North Industrial Park (397,440 SF in Pittsburgh MSA), Charter Next Generation (210,600 SF in Columbia SC), River Road Building II (236,324 SF in Omaha IA), South Alabama Logistics Park (371,586 SF in Mobile AL), Superior Third Party Logistics (199,919 SF in Minneapolis MN), and a 10-building industrial portfolio (637,633 SF across 7 markets). The portfolio achieves 98.5% occupancy with properties primarily leased under long-term net leases with periodic rent increases.
Differentiator
Problem solved
Functional benefit
Products and services
- Industrial Property Portfolio A portfolio of 112 industrial properties across 33 U.S. states, primarily logistics warehouses and distribution facilities leased to industrial tenants under long-term net leases with periodic rent escalations. Generates approximately 82% of annual base rent with 98.5% occupancy at year-end 2025.
- 79 North Industrial Park Six-building multi-tenant industrial portfolio totaling 397,440 SF in Sewickley, PA (Pittsburgh MSA), acquired for $53.5 million in December 2025. Multi-tenant industrial space leased to logistics and industrial users.
- South Alabama Logistics Park - Building D Two Class A industrial multi-tenant warehouses comprising 371,586 SF in Theodore, AL (Mobile MSA), acquired for $49 million. Industrial logistics space serving distribution and manufacturing tenants.
- Superior Third Party Logistics Property 199,919 SF Class A industrial building in Oakdale, MN (Minneapolis MSA), leased to Superior Third Party Logistics. Single-tenant industrial logistics facility.
Quantifiable outcome
- Industrial properties now comprise 82% of annual base rent (up from ~40% in 2018)
- +4 more outcomes
Companies that use One Liberty Properties
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles2 records
One Liberty Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
One Liberty Properties partnerships and signals
Strategic signalScale indicators13 records
Recent moves7 records
Expansion highlights4 records
One Liberty Properties competitors and assessment
Company assessmentDirect peers
- PS Business Parks: Multi-tenant industrial and flex/office REIT. Comparable on long-duration tenant relationships and multi-tenant industrial operating model.
- Prologis: The largest pure-play industrial REIT globally. Direct competitor for capital flows into industrial real estate and the benchmark institutional industrial REIT for OLP's peer multiple (17.3x AFFO).
- Duke Realty: Former pure-play industrial REIT (acquired by Prologis in 2022). Historical comparable for OLP's industrial-pure-play strategy and a relevant precedent on re-rating post-pivot.
- Rexford Industrial Realty: Pure-play industrial REIT concentrating on infill Southern California. Comparable Class A industrial focus and rent-growth-driven thesis; key comp for OLP's multiple.
- STAG Industrial: Industrial REIT focused on single-tenant and multi-tenant industrial properties across the U.S. Comparable scale, acquisition pace, and net-lease structure to OLP.
- Terreno Realty: Pure-play industrial REIT acquiring industrial properties in six major U.S. coastal markets. Closely comparable investment thesis around high-barrier submarkets and below-replacement-cost acquisitions.
- EastGroup Properties: Pure-play industrial REIT focused on Sun Belt distribution facilities in high-growth markets. Closest small/mid-cap direct comparable to OLP given similar focus on Class A multi-tenant industrial and net-lease structure.
- First Industrial Realty Trust: Diversified industrial REIT operating a U.S. portfolio of bulk and light-industrial properties. Comparable to OLP on portfolio construction, tenant-mix, and submarket selection discipline.
Broad incumbents
- Realty Income: Largest net-lease REIT with growing industrial exposure post-Spirit Realty acquisition. Comparable on net-lease structure, monthly dividend narrative, and institutional investor base.
- W. P. Carey: Diversified net-lease REIT with industrial exposure. Overlaps with OLP on tenant-relationship-driven, long-WALT industrial investments but operates across multiple property types.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
One Liberty Properties social profiles
Digital presenceOne Liberty Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
One Liberty Properties leadership team
Management profileNumber of profiles
Profiles4 records
One Liberty Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
One Liberty Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about One Liberty Properties
What does One Liberty Properties do?
One Liberty Properties is a self-managed REIT that acquires, owns, and operates a portfolio of 112 industrial properties across 33 U.S. states, primarily logistics warehouses and distribution facilities leased under long-term net leases. Industrial properties comprise approximately 82% of annual base rent with 98.5% portfolio occupancy, and tenants include credit-quality firms such as Amazon, Mondelez Global, Husqvarna, Linde Gas, Bimbo Bakeries USA, and Home Depot.
Is One Liberty Properties a public or private company?
One Liberty Properties is a public company. It is classified as public and is currently operating.
When was One Liberty Properties founded?
One Liberty Properties was founded in 1992. It employs 11 to 50 people.
Where is One Liberty Properties based?
One Liberty Properties is headquartered in Great Neck, United States, in the North America region.
How does One Liberty Properties make money?
Two revenue lines are on record. Rental Income from Industrial Properties are the primary driver. The others are property Dispositions.
Who are One Liberty Properties's main competitors?
Direct peers on record are PS Business Parks, Prologis, Duke Realty, Rexford Industrial Realty, STAG Industrial, Terreno Realty, EastGroup Properties and First Industrial Realty Trust. Broad incumbents are Realty Income and W. P. Carey.
Does One Liberty Properties have an API?
No public API is recorded for One Liberty Properties.
What industry is One Liberty Properties in?
One Liberty Properties's product category is Industrial Real Estate / Net Lease REIT. Its primary akta.pro industry code is FSAAAKAL, Real Assets — Operating Platforms & Direct Investments. Its NAICS code is 525 and its SIC code is 6798.