One Liberty Properties, Inc. · NYSE:OLP
One Liberty Properties — Investor Presentation (September 2011)
30 slides from One Liberty Properties's investor presentation, Sep 8, 2011
Slide 1: One Liberty Properties September 2011
ONE LB ERTY PROPERTI ES, INC. One Liberty Properties Se ptember 2011 www. 1liberty.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain information contained in this presentation, together with other statements and information publicly disseminated by One Liberty Properties, Inc. (the “Company”), constitute forward looking statements within the meaning of Section 27A of Securities Act of 1933, as amende
Slide 3: One Liberty Overview
One Liberty Overview Internally managed net lease equity REIT focused on U.S. single tenant commercial real estate — Weighted average lease term of almost 9 years — 91 properties totaling 5.3 million square feet, including five joint venture properties ¢ Diversified portfolio by tenant, property & g
Slide 4: Investment Highlights
Investment Highlights 8.8% dividend yield “") High performing portfolio with embedded growth — Atleast 97.5% year end occupancy for each of the last five years — 2011 rental income @ of $42.1 million represents a 5.6% increase over 2010 ® Manageable debt maturities over the next three years Ability
Slide 5: Management Team
Management Team Fredric H. Gould Chairman Patrick J. Callan, J President & CEO Chairman of the Board since June 1989, Chief Executive Officer from December 1999 to December 2001 and from July 2005 to December 2007 Chairman of the Board of BRT Realty Trust, a mortgage REIT, since 1984 Chairman of the
Slide 6: Company History
Company History Adisciplined acquirer and seller of assets 2001 — active net lease buyer including movie theaters 2002 & 2003 - completed secondary offerings of $35.1million and $64.5 million 2006 — $152 million sale of JV movie theatres portfolio for OLP profit of $26.9 million 2007 — made no inves
Slide 7: Broad Geographic Reach
Broad Geographic Reach © Portfolio spans 91 properties in 29 states (5.3 million square feet) New Yer #eAN4506 e170 Tones 1 s4yosant —ssa07 Penneeana ° 350255 Georia ® 018 Manfant 1 261000 New Soy 1 2008211 s08800 Fonas 5 faas.uo 02.66 Neth Carona 3 ftocoast ose Conmecut 2 sisonos = arse one 3 sisoe
Slide 8: Properties By Sector
Properties By S@CtOP ersvic sirens Retail Industrial Office Other Flex 66 9 3 6 2 86 ‘$25, 104,762 $5,506,866 $4,582,195 $4,212,711 59.7% 13.1% 10.9% 10.0% 63% 100.0%
Slide 9: Diverse Tenant Base
Diverse Tenant Base Top 5 Tenants Ee o Haverty Furniture Companies, inc. (NYSE: HVT) 102% Not Rated Office Depot, Inc. (NYSE: ODP) 8.8% Ferguson Enterprises, Inc. 56% Not Rated DSM Nutritional Products, Ine 5.0% A 3 Communications Corporation 4.5% BBB. Total 37% ae GUANT CVS/pharmacy KOHES Pw phere
Slide 10: Stable Financial Performance
Stable Financial Performance e Proven ability to lease properties and effectively recycle capital e Year end occupancy of at least 97.5% in each of the past 5 years (based on square footage) Total Revenue Year End Occupancy (Sin millions) 1000% | 100.0% © 975% 986% 98.5% $450 100.0% $10 sno s50 | $2
Slide 11: Manageable Lease Expirations
Manageable Lease Expirations Approximate Square 201 Contractual _-% of 2011 Contractual _% of 2011 Square Year of Number of Feet Subject To. Rental Income Under Rental Income Represented Feet Represented by Expiration) Expiring Leases Expiring Leases Expiring Leases. by Expiring Leases Expiring Leas
Slide 12: Strong Balance Sheet
Strong Balance Sheet © 100% of the mortgages payable are fixed rate and non-recourse Line of Credit is OLP’s only floating rate recourse debt © $41.5 million LOC is available © 41% Total Debt ($202.7 million) / Total Assets ($495.7 million) (1) e Amortizing principal, laddered maturities results in
Slide 13: Growth Opportunities
Growth Opportunities Demonstrated ability to purchase assets that have solid cash-flow characteristics Increasing scale through broad geographic reach e Proven capability to identify and understand the intrinsic value of a property ¢ Growth through acquisition of select accretive properties Secure l
Slide 14: Acquisition Case Study — Retail
Acquisition Case Study — Retail Acquired a retail building in Kansas City, MO in July 2010 net leased to Kohl's Department Stores, Inc. Property is a part of the Wilshire Plaza Shopping Center, co-anchored by Super Target and Home Depot Building is 88,807 square feet on 7.47 acres of land. It was co
Slide 15: Acquisition Case Study — Restaurants
Acquisition Case Study — Restaurants © Acquired via sale-leaseback, six Wendy's Purchase Price $7,958,000 restaurants in Pennsylvania in August 2010 for $7.9 million |Annual Rental Income $677,335 e Properties are leased pursuant to a single Return on Equity 8.51% master lease to a Wendy's franchise
Slide 16: Top Tenants Profiles
Top Tenants Profiles
Slide 17: Havertys Furniture — Tenant Profile
Havertys Furniture — Tenant Profile Tenant: Haverty Furniture Companies, Inc. (NYSE: HVT) Largest tenant representing 10.2% of 2011 contractual rental income Full service home furnishings retailer founded in 1885 Publicly held company since 1929 Over 118 showrooms in 79 cities across 17 states in th
Slide 18: Havertys — Lexington, KY
Havertys — Lexington, KY cre ee * Building: 30,173 SF on 2.24 acres. Built in 1999. Havertys has operated at this location for more than 11 years. * 3 Mile Demographics (Source: The Nielsen Company, 2010) = Population: 52,232 — Average HH Income: $75,371 * Location: 2150 Paul Jones Way, Lexington, K
Slide 19: Havertys — Cedar Park (Austin), TX
Havertys — Cedar Park (Austin), TX * Building: 50,810 SF on 5.27 acres. Built in 2001. Havertys has operated at this location for more than 9 years. * 3 Mile Demographics (source: Te weteen Company, 2010) — Population: 85,746 Average HH Income: $92,659 * Location: 11091 Pecan Park Blvd, Cedar Park (
Slide 20: Havertys — Richmond, VA
Havertys — Richmond, VA * Building: 38,788 SF on 2.16 acres. Built in 1979 and renovated and expanded in 2001. Havertys has operated at this location for more than 9 years. © 3 Mile Demographics (source: The niesen Compan, 2010) = Population: 55,356 — Average HH Income: $103,032 ‘* Location: 11501 M
Slide 21: Office Depot — Tenant Profile
Office Depot — Tenant Profile Tenant: Office Depot, Inc. (NYSE: ODP) Second largest tenant representing 8.5% of 2011 contractual rental income. Leading global provider of office products and services Founded in 1986. They currently employ 40,000 people ‘As of December 25, 2010, ODP’s North American
Slide 22: Office Depot — East Palo Alto, CA
Office Depot — East Palo Alto, CA * Building: 30,978 SF on 2.65 acres. Built in 1999. Office Depot has operated at this location for more than 11 years. * Location: 1761 East Bayshore Rd, East Palo Alto, CA; 25 miles southeast of San Francisco and 15 miles northeast of San Jose * Property sold on 5.
Slide 23: Office Depot — Chicago, IL
Office Depot — Chicago, IL * Building: 23,939 SF on 2.62 acres. Built in 1994. Office Depot has operated at this location for more than 16 years, © 3 Mile Demographics source: The Nielsen Company, 2010 * Population: 577,428 * Average HH Income: $83,713 * Location: 2928 N. Ashland Ave, Chicago, IL; 4
Slide 24: Office Depot — Miami Springs, FL
Qnringne EF Springs, FL pot — Miam * Building: 25,000 SF on 1.77 acres. Built in 1993. Office Depot has operated at this location for more than 17 years, pany, 2010) — Average HH Inco1 * Location: 3600 NW Lejeune Rd, Miami Sprin ; 5 miles west of downtown M * Located adjacent to Miami int Airport in
Slide 25: Ferguson Enterprises Tenant Profile
el 25; Soce: Tenant's webste + Tenant: Ferguson Enterprises, Inc. 3rd largest tenant representing 5.6% of 2011 contractual rental income — The largest United States distributor of plumbing supplies, pipes, valves and fittings * Lease terms: — Lease expires 3/31/2022 $2.3 million annual net rent thro
Slide 26: Demographic Profile
Demographic Profile
Slide 27: L-3 Communications Tenant Profile
27, Sure: Tenants wedste * Tenant: L-3 Communications Corp. Sth largest tenant representing 4.5% of 2011 contractual rental income — Contractor in command, control and communications, intelligence, surveillance and reconnaissance, government services, aircraft modernization and maintenance and elect
Slide 28: Investment Highlights
Investment Highlights © 8.8% dividend yield (1) e At least 97.5% year end occupancy for each of the last five years e High performing portfolio with embedded growth ¢ Manageable debt maturities over the next three years e Proven ability to make acquisitions through long-standing relationships e Stro
Slide 29: Appendix
Appendix
Slide 30: Portfolio Of Properties By State
Portfolio Of Properties By State ~~~" 91 Properties in 29 States (As of September 6, 2011) aaugassaszzzszageenanaeeeezcarat (2) Reeds the approximate square otage ofthe buldng ad reteststherame by which the property i general noun ~ das not ecessariyraect the name of ur tenant 1 Jontvertere (Weare e
One Liberty Properties — Investor Presentation (September 2011) on 6ix