One Liberty Properties, Inc. · NYSE:OLP
One Liberty Properties — Investor Presentation (June 2025)
30 slides from One Liberty Properties's investor presentation, June 2025
Slide 1: June 2025 Investor Presentation
ONE LI B E R T Y P R OP E RT IES JUNE 2025 INVESTOR PRESENTATION
Slide 2: Cautionary Note
CAUTIONARY NOTE THIS PRESENTATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. WE INTEND SUCH FORWARD-LOOKING STATEMENTS TO BE COVERED BY THE SAFE HARBOR PR
Slide 3: Company Overview
COMPANY OVERVIEW ❖ Owner of well positioned, strong cash flow generating industrial assets ❖ Proven ability to evolve portfolio ownership to maximize cash flow over many decades ❖ Geographically diversified industrial portfolio ❖ Highly diversified tenant base with Top Five representing only 20% of
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS ❖ Successful execution on portfolio transformation to industrial properties ❖ Focused on strong Real Estate fundamentals ❖ Proven Acquisition team – over 19 new properties added since 2020 ❖ Reflecting strong cash flow – dividend paid 129 consecutive quarters or past 32 years ❖
Slide 5: Highly Experienced Management Team
HIGHLY EXPERIENCED MANAGEMENT TEAM Chief Executive Officer since 2008, President since 2006, Director since 2002 Senior Vice President of First Washington Realty Inc. from 2004 to 2005. A joint venture with CalPERS that controlled Patrick J. Callan, Jr. 100 shopping centers (13 million square fe
Slide 6: Attractive Portfolio Fundamentals
ATTRACTIVE PORTFOLIO FUNDAMENTALS (1 ) Total Square Footage 11.7 M Number of Properties 105 Occupancy 98.5% River Road Logistics Building 1 – Council Bluffs, IA Base Rent (2) $77.6 M Average Remaining Lease Term 4.9 Years (1) Information presented as of March 31, 2025, including two properties owned
Slide 7: Focused Industrial Portfolio
FOCUSED INDUSTRIAL PORTFOLIO Type of Number of 2025 Base 2025 Base Rent by Property Type Property Properties Rent (1) Retail-Office Retail- Furniture Supply 5% 2% Industrial 60 $57,680,000 Other 6% Retail – 23 10,249,000 General Retail – 9 3,449,000 Retail Furniture 13% Retail – 5 1,506,000 Office S
Slide 8: Evolution of Portfolio
EVOLUTION OF PORTFOLIO (1 )(2 ) 2018 Rental Income, net (3) 2025 Rental Income, net (4) by Property Type by Property Type All Other 5% All Other 18% Retail 22% Industrial 40% Industrial 73% Retail 42% (1) Rental Income, net in accordance with Financial Accounting Standards Board Accounting Standards
Slide 9: Industrial Focused Portfolio
INDUSTRIAL FOCUSED PORTFOLIO (1 ) 80% % of Industrial Rental Income, Net (2) Industrial Properties Owned 70 73% 68% 60 63% 60 56 60% 55 57% 57% 54 55% 50 49 49% 46 44 40 40% 40% 36 30 20% 20 2018 2019 2020 2021 2022 2023 2024 2025 2018 2019 2020 2021 2022 2023 2024 2025 (1) For the years ended Decem
Slide 10: Ferguson – Tenant Profile
FERGUSON – TENANT PROFILE ❖ Tenant: Ferguson Enterprises, Inc. (NYSE: FERG) (Source: Tenant’s website) ❖ Represents 3.3% of 2025 Base Rent ➢ North America’s largest distributor and wholesale supplier of commercial and ❖ Location: 4501 Hollins Avenue, Halethorpe, MD residential plumbing supplies incl
Slide 11: FedEx – Tenant Profile
FEDEX– TENANT PROFILE ❖ Tenant: Operating Subsidiaries of FedEx ❖ 5 properties represent 4.8% of 2025 Base Rent Corporation (NYSE: FDX)(Source: Tenant’s website) and 642,888 SF ➢ World’s largest express transportation % of 2025 Base Rent company with service to more than 220 countries ➢ Lowell, AR:
Slide 12: Geographically Diversified Portfolio
GEOGRAPHICALLY DIVERSIFIED PORTFOLIO 32 STATES 105 PROPERTIES 11.7 MILLION SQ F T HIGHEST STATE CONCENTRATION BY 2025 BASE RENT PROPERTY LISTINGS Number of % 2025 Base (1) State 2025 Base Rent INDUSTRIAL RETAIL OTHER Properties Rent South Carolina 8 $ 8,618,000 11.1% 60 37 8 Total Properties Total P
Slide 13: Diversified Tenant Base
DIVERSIFIED TENANT BASE Number of % of 2025 Top Tenants Properties 2025 Base Rent Base Rent FedEx (NYSE: FDX) 5 $3,744,000 4.8% Northern Tool & Equipment 1 3,130,000 4.0 NARDA Holdings, Inc. 1 3,020,000 3.9 Havertys Furniture Companies, Inc. (NYSE: HVT) 7 2,816,000 3.6 Ferguson (NYSE: FERG) 1 2,523,
Slide 14: Leasing Case Study – Industrial Columbia, SC
LEASING CASE STUDY – INDUSTRIAL COLUMBIA, SC ◆ Industrial building in Blythewood, SC (Columbia MSA) Base Rent Upon Acquisition $ 784,000 ◆ The 177,040 SF building is net leased to two tenants Rent per Square Foot $ 4.43/SF ◆ The modern industrial building was constructed in 2004, features 28’ clear
Slide 15: Stable Occupancy
STABLE OCCUPANCY (1)(2) At March 31, 2025: Occupancy – 98.5% 100.0% 99.3% 99.2% 98.8% 97.8% 97.9% 98.4% 96.8% 97.0% 90.0% 80.0% 2017 2018 2019 2020 2021 2022 2023 2024 (1) As at December 31 (2) Based on square footage, including 100% of our unconsolidated joint ventures ONE LIBERTY PROPERTIES, INC.
Slide 16: Proven Acquisition Track Record
PROVEN ACQUISITION TRACK RECORD SINCE 2017 – ALL ACQUISITIONS HAVE BEEN EXCLUSIVELY INDUSTRIAL PROPERTIES $100.0 (1) $90.0 $88.3 $80.0 $79.5 $70.0 $60.0 $56.5 ($ in millions) $50.0 $49.3 $43.2 $44.7 $40.0 $30.0 $28.3 $24.3 $20.0 $13.4 $10.0 $0.0 2017 2018 2019 2020 2021 2022 2023 2024 2025 (1) Repre
Slide 17: Recent Industrial Acquisitions
(1) RECENT INDUSTRIAL ACQUISITIONS Purchase Date Current Lease Price Acquired Tenant (or d/b/a) MSA State Expiration (in ‘000s) Yield(2) 03/14/25 Multi-tenant Council Bluffs IA 12/31/29 - 04/30/31 $26,000 7.9% 02/06/25 Amazon.com Services, LLC Wichita KS 06/30/28 $13,300 7.4% 01/16/25 Multi-tenant (
Slide 18: Acquisition Case Study – Industrial Mobile, AL
ACQUISITION CASE STUDY – INDUSTRIAL MOBILE, AL ◆ In January 2025, acquired two industrial Purchase Price $ 49,000,000 buildings in Theodore, AL (Mobile MSA) Mortgage (29,000,000) ◆ The total 371,586 SF buildings are net leased to Net Equity Invested $ 20,000,000 four tenants with a weighted average
Slide 19: Acquisition Case Study – Industrial Wichita, KS
ACQUISITION CASE STUDY – INDUSTRIAL WICHITA, KS ◆ In February 2025, acquired an industrial building Purchase Price $ 13,300,000 in Wichita, KS Mortgage (7,500,000) Net Equity Invested $ 5,800,000 ◆ The 138,000 SF building is net leased to Amazon through 2028 with 4% annual increases Year 1 Base Rent
Slide 20: Financial Summary
FINANCIAL SUMMARY Market Cap(1) $567.1 M Shares Outstanding(1) 21.6 M Insider Ownership(2) 25.8 % Applied Control Equipment – Denver, CO Current Annualized Dividend $1.80 Dividend Yield(3) 7.1 % (1) Market cap is calculated using the shares outstanding and the closing OLP stock price of Campania Int
Slide 21: Well Laddered Mortgage Debt Maturities
WELL LADDERED MORTGAGE DEBT MATURITIES ( 1 ) Weighted average interest rate of 4.78% on fixed rate debt $11.1 million of scheduled amortization of mortgages through 2026 BALLOON PAYMENTS DUE FOR THE TWELVE MONTHS ENDING MARCH 31, $200.0 $193.3 $160.0 ($ in millions) $120.0 $87.9 $80.0 $40.0 $39.
Slide 22: Lease Maturity Profile
LEASE MATURITY PROFILE Number of 2025 Base Rent % of 2025 Base Rent Approximate Year Ending Expiring Represented Represented Square Feet Subject December 31, Leases by Expiring Leases by Expiring Leases to Expiring Leases (1) 2025 7 $ 1,797,000 2.3 318,319 2026 14 5,164,000 6.7 902,154 2027 34 14,32
Slide 23: Dividend Coverage
DIVIDEND COVERAGE (1) Historical AFFO Per Share (2) 129 $2.00 $1.99 CONSECUTIVE QUARTERLY $1.98 DIVIDENDS $1.95 Dividend Per Share of Common Stock (2) $1.91 $1.80 $1.80 $1.80 $1.80 $1.80 $1.80 $1.70 92% 91% 90% 94% AFFO AFFO AFFO AFFO Payout Payout Payout Payout (3) (3) (3) (3) Ratio Ratio Ratio Rat
Slide 24: Balance Sheet – Positioned to Support Growth
BALANCE SHEET – POSITIONED TO SUPPORT GROWTH (1) Gross Assets(2) $1.0 B Total Debt/Gross Assets(3) 47.3% Fixed Rate Debt 98.9% (4) Debt Service Coverage Ratio 2.2 to 1.0 (4) Fixed Charge Coverage Ratio 1.9 to 1.0 As of June 11, 2025, $84.7 million available on our Line of Credit, subject to borrow
Slide 25: Appendices
ONE L I B E R TY P R O P E RTI ES INVESTOR PRESENTATION APPENDICES
Slide 26: Recent Mortgages
RECENT MORTGAGES Date Mortgage New Financed/ Property Amount Money Mortgage Interest Refinanced Type Tenant (or d/b/a) MSA State (in ‘000s) (in ‘000s) Maturity Rate NEW MORTGAGES (1) 03/14/25 Industrial Multi-tenant Council Bluffs IA $15,600 N/A 04/01/35 6.42% Amazon.com Services, (2) 02/06/25 Indus
Slide 27: Opportunistic Dispositions
OPPORTUNISTIC DISPOSITIONS 2024 SALES Gross Sales Date Date Price Net Gain Sold Acquired Property Type Tenant (or d/b/a) MSA State (in ‘000s) (in ‘000s) 12/27/24 12/12/12 Health & Fitness LA Fitness Secaucus NJ $ 21,428 $ 6,436 12/10/24 06/16/16 Retail Advance Auto Parts Columbus OH $ 1,565 $ 224 09
Slide 28: Investment Highlights
INVESTMENT HIGHLIGHTS ❖ Successful execution on portfolio transformation to industrial properties ❖ Focused on strong Real Estate fundamentals ❖ Proven Acquisition team – over 19 new properties added since 2020 ❖ Reflecting strong cash flow – dividend paid 129 consecutive quarters or past 32 years ❖
Slide 29: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES One Liberty compute funds from operations, or FFO, in accordance with the “White Paper on Funds From Operations” issued by the National Association of Real Estate Investment Trusts (“NAREIT”) and NAREIT’s related guidance. FFO is defined in the White Paper as net income (
Slide 30: GAAP Reconciliation
GAAP RECONCILIATION G A A P R EC O N C I L I AT I O N The following table provides a reconciliation of net income per share of common stock (on a diluted basis) in accordance with GAAP to FFO and AFFO 3 MONTHS YEARS ENDED DECEMBER 31, ENDED MARCH 31, 2025 2024 2023 2022 2021 GAAP net income attribut
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