One Liberty Properties, Inc. · NYSE:OLP
One Liberty Properties — Investor Presentation (April 2012)
28 slides from One Liberty Properties's investor presentation, Apr 11, 2012
Slide 1: One Liberty Properties, Inc.
ONE LIBERTY PROPERTIES, INC. One Liberty Properties April 2012 onelibertyproperties.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 8.2 years — 98 properties totaling 5.5 million square feet, including five joint venture properties ¢ Diversified portfolio by tenant, property & geog
Slide 4: Investment Highlights
Investment Highlights © 7.46% dividend yield “ e High performing portfolio with embedded growth — At least 97.5% year end occupancy for each of the last five years — 2012 contractual rental income of $45.8 million * represents a 10.1% increase over 20110) e Manageable debt maturities over the next t
Slide 5: Management Team
Management Team Fredric H. Gould Chairman Patrick J. Callan, Jr. 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 t
Slide 6: Company History
Company History A disciplined acquirer and seller of assets e 2001 — Active net lease buyer including movie theaters © 2002 & 2003 — Completed follow-on offerings of $35.1million and $64.5 million ¢ 2006 - $152 million sale of JV movie theatres portfolio for OLP profit of $26.9 million e 2007 — Made
Slide 7: Broad Geographic Reach
Broad Geographic Reach © Portfolio spans 98 properties in 29 states (5.5 million square feet) New York 1 $6,415,421 021,879 Texas 1 $5,320,553 533,697 Pennsylvania 8 $3,745,067 383,255 Georgia 8 $3,713,936 314,441 New Jersey 2 $2,899,300 222,180 Maryland 1 $2:340,923 367,000 North Carolina 3 $2,145,
Slide 8: Properties By Sector
Properties By S€CtOF cesss.vreseees wai Retail 63 $28,089,783 Industrial 8 $5,788,821 Office 3 $4,702,310 Other 6 6 $4,617,392 10.0% Flex 3 2 $2,637,196 5.8% 83 93 $45,835,502 100.0% Flex, 5.8%, \ Office, 10.39% Industrial, 12.6% Retail, 61.3%
Slide 9: Diverse Tenant Base
Diverse Tenant Base Top 5 Tenants Percent of 2012 Contractual Tenant Rental Income ‘S&P Credit Rating ( Haverty Furniture Companies, Inc. (NYSE: HVT) 96% Not Rated Office Depot, Inc. (NYSE: ODP) 17% B., Outlook Stable DSM Nuttitional Products, Inc. 47% A, Outlook Stable Ferguson Enterprises, Inc. 5.
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) 100.0% 100.0% 97.5% 98.6% 98.5% oy $50.0 $45.0 $400 $350 $200
Slide 11: Manageable Lease Expirations
Manageable Lease Expirations " 2012 4 35,650 $477,017 1.0% 0.9% 2013 6 233,178 $1,963,996 43% 5.6% 2014 2 698,281 $6,175,391 13.5% 16.7% 2015 4 127,240 $1,460,548 3.2% 3.0% 2016 9 350,944 $3,014,959 6.6% 84% 2017 62 185,071 $2,824,557 6.2% 4% 2018 10 247,176 $4,727,201 10.3% 5.9% 2019 3 66,322 $883,
Slide 12: Strong Balance Sheet
Strong Balance Sheet © 98% of the mortgages payable are fixed rate and non-recourse e Line of Credit is OLP’s only floating rate recourse debt © $35.4 million is available on the Line of Credit as of April 10, 2012 © 43% Total Debt ($225.8 million) / Total Assets ($523.6 million) (1) e Amortizing pr
Slide 13: Growth Opportunities
Growth Opportunities e Demonstrated ability to purchase assets that have solid cash-flow characteristics e Increasing scale through broad geographic reach ¢ Proven capability to identify and understand the intrinsic value of a property e Growth through acquisition of select accretive properties © Se
Slide 14: Acquisition Case Study — Industrial
Acquisition Case Study — Industrial e Acquired an industrial building in Durham, NC in July 2011 net leased to Federal Express Corporation e Property is less than % mile west of the 22.5 million square foot Research Triangle Park. More than 170 companies representing more than a dozen industries cal
Slide 15: Acquisition Case Study — Purchase Price $7,900,000
Purchase Price $7,900,000 Mortgage ($3,950,000) Net Equity Invested ‘$3,950,000 Annual Rental Income $674,500 Annual Interest Expense @ 4.5% ($177,750) Net to OLP. $496,750
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 9.6% of 2012 contractual rental income Full service home furnishings retailer founded in 1885 Publicly held company since 1929 119 showrooms in 82 cities across 17 states in the Sout
Slide 18: Havertys Subject Property
SUBJECT PROPERTY HAVERTYS’ SUBJECT PROPERTY.
Slide 19: 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. * 3Mile Demographics (source: The Nelsen Company, 2010) — Population: 55,356 — Average HH Income: $103,032 * Location: 11501 Mi
Slide 20: Office Depot — Tenant Profile
Office Depot — Tenant Profile Tenant: Office Depot, Inc. (NYSE: ODP) Second largest tenant representing 7.7% of 2012 contractual rental income Leading global provider of office products and services Founded in 1986. They currently employ 39,000 people As of December 31, 2011, ODP’s North American re
Slide 21: 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, 2 7,482 — Population: Average HH Income: $83,713 * Location: 2928 N. Ashland Ave, Chicago, IL; 4 miles
Slide 22: Office Depot — Miami Springs, FL
Ice Miami Springs 0 SF on 1.77 acres. Built in 3. Offi Depot has operate © 3 Mile Demographi The Nielsen Company, 2010) = Populat 199,401 — Average HH Income: $41,828 © Location: 3 NW Lejeune Ra, Miami Springs, FL; 5 miles west of downtown Miami adjacent to Miami International Airport in a The prope
Slide 23: Ferguson Enterprises — Baltimore, MD
Ferguson Enterprises — Baltimore, MD Pe. * Tenant: Ferguson Enterprises, Inc. ~ 3rd largest tenant representing 5.1% of 2012 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 n
Slide 24: Demographic Profile
24 Source: Tenants wabte Demographic Profile ‘Source: Neton Ste Reporte
Slide 25: L-3 Communications — Tenant Profile
25. Source: Tenants webste * Tenant: L-3 Communications Corp. — Sth largest tenant representing 4.2% of 2012 contractual rental income — Contractor in command, control and communications, intelligence, surveillance and reconnaissance, government services, aircraft modernization and maintenance and e
Slide 26: Investment Highlights
Investment Highlights © 7.46% dividend yield (1) e At least 97.5% year end occupancy for each of the last five years ¢ High performing portfolio with embedded growth e Manageable debt maturities over the next three years e Proven ability to make acquisitions through long-standing relationships © Str
Slide 27: Appendix
Appendix
Slide 28: Portfolio Of Properties By State (As of March 31, 2012)
Portfolio Of Properties By State 98 Properties in 29 States (As of March 31, 2012) Name or Yona. ew iste “Feat” Name or Tena ‘ha Hanoy eraremar oe Te Toriraae Th SESE 40 TOTO paeT Soe om 2 Tesport aura ne Grenoosvioge 0D 45000 5 Sapto Saree 2 10200 8 Weta arate (Burg) Wat tor Grae 5) Bungtoncom Psy
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