One Liberty Properties

OLP on NYSE. Real estate investment trusts. Market value $479m.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Capital spending looks too small to be complete, so we leave free cash flow out.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Pays a 6.2% dividend, every year for at least 5 years.

What to watch out for

We could not check all its numbers, so it is not on our list.

See Real estate stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield

annual report to December 2025

n/a

We could not compute this from the filings.

Price to profit

past 12 months to June 2026

n/a

The filings do not give us enough to work this out.

Return on capital

five annual reports to December 2025

n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$21.96 a share, 12% above its 1-year low

Dividend: 6.2% a year

Paid every year for at least 5 years

Prices from Friday’s close (9 October).

Five years of cash, in billions

0.0

n/a

20212022202320242025

Revenue
Revenue	$83m	n/a	n/a	n/a	n/a
Operating margin
Operating margin	68.9%	n/a	n/a	n/a	n/a
Debt to equity
Debt to equity	n/a	n/a	n/a	n/a	n/a
Shares outstanding
Shares outstanding	0.02bn	0.02bn	0.02bn	0.02bn	0.02bn

Health checks

Free cash flow positive1 of 1 years
Accounting looks honest (Beneish)Not enough data
Financial strength (Piotroski)Not enough data
Profit backed by cash (accruals)Yes
DebtUnknown
Revenue growth, five yearsUnknown
Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

Profit: $16 million, up 86% on a year ago.
1% more shares than a year ago. Each share owns a bit less of the company.

Profit by quarter

$8m

$16m

Profit by quarter
Quarter to	Amount
September 2024	$5m
December 2024	$11m
March 2025	$4m
June 2025	$8m
September 2025	$10m
December 2025	$2m
March 2026	$6m
June 2026	$16m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated): n/a
Last annual report (10-K): 6 March 2026
Next quarterly (estimated, 10-Q): 4 November 2026

Who owns it

1 long-term investor we follow owns it, unchanged from 1 last quarter. 136 funds in all.

Jun '25

Dec '25

Jun '26

First Manhattan Co.First Manhattan partners
Value
$730,904
Share of fund
<0.1%

Fund	Value	Share of that fund	Change
First Manhattan Co.First Manhattan partners	$730,904	<0.1%

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

1 investor owns more than 5%.

GOULD INVESTORS L P
Insider or founder
at least 12.4%
(filed with 3 related holders)
Since 30 June 2026
What they said
The Reporting Persons hold the Shares for investment purposes. Each of them may, subject to market conditions and their respective assessments of prospects of the Issuer, acquire additional Shares from time to time, through open market (including pursuant to the Issuer's…
Read the filing
The Vanguard Group
Passive investor
Sold down below 5%
Since 13 March 2026

Holder	Stake	Since
GOULD INVESTORS L P Insider or founder	at least 12.4% (filed with 3 related holders)	30 June 2026	What they said The Reporting Persons hold the Shares for investment purposes. Each of them may, subject to market conditions and their respective assessments of prospects of the Issuer, acquire additional Shares from time to time, through open market (including pursuant to the Issuer's… Read the filing
The Vanguard Group Passive investor	Sold down below 5%	13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 2 sold $926,190.

Clair Justin
Executive Vice President
Sold
Date
17 August 2026
Shares
4,500
Price
$24.06
Value
$108,270
RICKETTS LAWRENCE
Exec.Vice President and COO
Sold
Date
29 June 2026
Shares
6,000
Price
$24.50
Value
$147,000
RICKETTS LAWRENCE
Exec.Vice President and COO
Sold
Date
26 June 2026
Shares
3,499
Price
$24.21
Value
$84,711
RICKETTS LAWRENCE
Exec.Vice President and COO
Sold
Date
25 June 2026
Shares
2,501
Price
$21.82
Value
$54,572
Clair Justin
Executive Vice President
Sold
Date
8 May 2026
Shares
2,676
Price
$23.36
Value
$62,511
RICKETTS LAWRENCE
Exec.Vice President and COO
Sold
Date
2 April 2026
Shares
2,999
Price
$21.86
Value
$65,558
RICKETTS LAWRENCE
Exec.Vice President and COO
Sold
Date
25 March 2026
Shares
500
Price
$22.33
Value
$11,165
RICKETTS LAWRENCE
Exec.Vice President and COO
Sold
Date
24 March 2026
Shares
2,000
Price
$23.58
Value
$47,160
RICKETTS LAWRENCE
Exec.Vice President and COO
Sold
Date
23 March 2026
Shares
5,000
Price
$22.64
Value
$113,200
RICKETTS LAWRENCE
Exec.Vice President and COO
Sold
Date
17 March 2026
Shares
2,501
Price
$23.38
Value
$58,473

Date	Who	Did	Shares	Price	Value
17 August 2026	Clair Justin Executive Vice President	Sold	4,500	$24.06	$108,270
29 June 2026	RICKETTS LAWRENCE Exec.Vice President and COO	Sold	6,000	$24.50	$147,000
26 June 2026	RICKETTS LAWRENCE Exec.Vice President and COO	Sold	3,499	$24.21	$84,711
25 June 2026	RICKETTS LAWRENCE Exec.Vice President and COO	Sold	2,501	$21.82	$54,572
8 May 2026	Clair Justin Executive Vice President	Sold	2,676	$23.36	$62,511
2 April 2026	RICKETTS LAWRENCE Exec.Vice President and COO	Sold	2,999	$21.86	$65,558
25 March 2026	RICKETTS LAWRENCE Exec.Vice President and COO	Sold	500	$22.33	$11,165
24 March 2026	RICKETTS LAWRENCE Exec.Vice President and COO	Sold	2,000	$23.58	$47,160
23 March 2026	RICKETTS LAWRENCE Exec.Vice President and COO	Sold	5,000	$22.64	$113,200
17 March 2026	RICKETTS LAWRENCE Exec.Vice President and COO	Sold	2,501	$23.38	$58,473

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 6 Mar 2026, plus the 10-Q filed 5 Aug 2026 and 4 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

What the business is worth, as a range, and the margin of safety at today’s price
Prices to start buying, buy, and buy hard
The three things that would make this a mistake
Every number footnoted to the filing it came from

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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.