One Liberty Properties, Inc. · NYSE:OLP
One Liberty Properties — Investor Presentation (September 2012)
28 slides from One Liberty Properties's investor presentation, Sep 20, 2012
Slide 1: One Liberty Properties, Inc.
ONE LIBERTY PROPERTIES, INC. One Liberty Properties September 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 equity REIT focused on single tenant net lease commercial real estate in the U.S — 98 properties, with 5.4 million square feet, including six joint venture properties — Average occupancy of 98.8% at June 30, 2012 — Weighted average lease term of 7.9 years Po
Slide 4: Investment Highlights
Investment Highlights * Attractive valuation — 6.69% dividend yield — Dividend of $.33 per quarter paid since January 2011 an increase from $.30 per quarter in three quarters of 2010 — At least 97.5% year end occupancy for each of the last five years e Manageable mortgage debt maturities © Ability t
Slide 5: Diversified Geographic Footprint
Diversified Geographic Footprint Portfolio spans 98 properties in 29 states (5.4 million square feet) New York 10 '$6.00,170 Tense 0 34762553, Georg 0 s027605 Pensyana ° ‘3.760082 New Jersey 3 $2899.50 Manfand 1 2090 Noth caraina 3 $2145.55, Mies 6 $2151,900 Fonca 4 $1728.18 nie 3 sisso2e7 Comectict
Slide 6: Properties By Sector
Properties By S@Cto cei smes Retail 63 73 $27,337,873 60.6% Industrial 8 8 $5,788,821 12.8% Office 3 3 $4,702,310 10.4% Flex ' 2 $2,697,106 5.0% Health & Fitness 4 4 $2,515,546, 56% Other 2 2 $2,101,848 47% Ec) 82 $45,083,592 100.0% Health & Fitness, i 6% oper sta Retail, 60.6%
Slide 7: Diverse Tenant Base
Diverse Tenant Base Top § Tenants Percent of 2012 Contractual Tenant Rental Income, ‘S&P Credit Rating) Haverty Fumiture Companies, Inc. (NYSE: HVT) 9.8% ‘Not Rated Office Depot, Inc. (NYSE: ODP) 71% B., Outlook Stable Ferguson Enterprises, Ino, 52% Not Rated DSM Nutitional Products, Inc 4.3% A, Out
Slide 8: Stable Financial Performance
Stable Financial Performance * High-quality portfolio proved to be highly stable through the recent recession © Year end occupancy of at least 97.5% in each of the past 5 years (based on square footage) Year End Occupancy 1000% 1000% s7s% seek SSK 100.0% 2006 20072008. 200920102011
Slide 9: Manageable Lease Expirations
Manageable Lease Expirations 2012 1 15.000, $62,106 0.1% 2013 5 120.780 $1,363,996 3.0% 2014 2 698,261 $6,175,391 13.7% 2015 5 128,890 ‘$1,498,300 3.3% 2016 8 350,941 $3,014,929 87% 2017 ial 192,071 $3,089,408 68% 2018 10 236.476 ‘$4,593,799 10.2% 2019 3 66,322 $883,702 2.0% 2020 6 167,608 $4014,995
Slide 10: Solid Acquisition Track Record
Solid Acquisition Track Record © Acquired more than $80 million properties in past 24 months © Current pipeline of diverse opportunities in excess of $250 million Total Revenue Acqusitions Per Year {8 inmillions) sraco , sizigo ACA $40.2 ($ inmillions) 10
Slide 11: Strong Balance Sheet
Strong Balance Sheet > © 45% Total Debt ($263.3 million) / Total Assets ($536.9 million) (1) 98% of the mortgages payable are fixed rate and non-recourse $75 million Line of Credit is only significant floating rate recourse debt $59.65 million is available on the Line of Credit as of September 15, 2
Slide 12: Management Team
Management Team 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 (NYSE:BRT), a mortgage REIT, since 1984 Chairman of the managing general partner of Gould Investors L.P., s
Slide 13: Investment Highlights
Investment Highlights + Attractive Valuation — 6.69% dividend yield (1) + Stable Portfolio — Atleast 97.5% year end occupancy for each of the last five years + Management track record of accretive growth — Proven ability to make acquisitions through long-standing relationships * Strong capital posit
Slide 14: Appendix
Appendix
Slide 15: Acquisition Case Study — Industrial
Acquisition Case Study — Industrial © Acquired an industrial building in Durham, NC in July 2011 net leased to Federal Express Corporation © 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 16: Acquisition Case Study — Fitness Club, Hamilton OH
* Acquired a fitness club in Hamilton (Cincinnati), OH in August 2011 net leased to LA Fitness International LLC, a nationwide operator of more than 500 health clubs * Property is across the street from the 635,000 square foot Bridgewater Falls lifestyle center. Bridgewater Falls features Target, JC
Slide 17: Top Tenants Profiles
Top Tenants Profiles
Slide 18: Havertys Furniture — Tenant Profile
Havertys Furniture — Tenant Profile Tenant: Haverty Furniture Companies, Inc. (NYSE: HVT) Largest tenant representing 9.8% of 2012 contractual rental income: Full service home furnishings retailer founded in 1885 Public company since 1929 119 showrooms in 82 cities across 17 states in the Southern a
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: The Nelson Company, 2010) = Population: 85,746 — Average HH Income: $92,659 * Location: 11091 Pecan Park Blvd, Cedar Par
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 (souce: the Nelsen Company, 010) — Population: 55,356 — Average HH Income: $103,032 * Location: 11501 Mid
Slide 21: Office Depot — Tenant Profile
Office Depot — Tenant Profile Tenant: Office Depot, Inc. (NYSE: ODP) Second largest tenant representing 7.1% of 2012 contractual rental income, Leading global provider of office products and services Founded in 1986. They currently employ 39,000 people Worldwide 1,678 office supply retail stores 24
Slide 22: 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 telson Company, 2010) = Population: $77,482 — Average HH Income: $83,713 * Location: 2928 N. Ashland Ave, Chicago, IL;
Slide 23: Office Depot — Miami Springs, FL
Office Depot — Miami Springs, FL * Building: 25,000 SF on 1.77 acres. Built in 1993, Office Depot has operated at this location for more than 17 years, * 3 Mile Demographics (source: the Nelsen Company, 2010) — Population: 199,401 — Average HH Income: $41,828 * Location: 3600 NW Lejeune Rd, Miami Sp
Slide 24: Ferguson Enterprises — Baltimore, MD
Ferguson Enterprises — Baltimore, MD 24, Some Tate nate * Tenant: Ferguson Enterprises, Inc. 3rd largest tenant representing §.2% of 2012 Contractual rental income ‘Alarge United States distributor of plumbing supplies, pipes, valves and fitings * Lease terms — Lease expires 9/91/2022 ‘Annual rent $
Slide 25: DSM Nutritional Products — Tenant Profile
28 Sauce Ten wa * Tenant: DSM Nutritional Products, Inc. — 4th largest tenant representing 4.8% of 2012 contractual rental income — Worldwide leading supplier of vitamins, carotenoids and other fine chemicals to the feed, food, pharmaceutical and personal care industries — Lease guaranteed by Konink
Slide 26: L-3 Communications — Tenant Profile
26 Source Ten vate * Tenant: L-3 Communications Corp. — 5th largest tenant representing 4.3% of 2012 contractual rental income Contractor in command, control and communications, inteligence, surveillance and reconnaissance, government services, aircraft modernization and maintenance and electronic s
Slide 27: Portfolio Of Properties By State — Properties 1-49 (CA-MO)
Portfolio Of Properties By State 98 Properties in 29 States (As of September 15, 2012) -- Properties 1-49 (CA-MO) Square Name or Tenaatia.s city state Name ot Tenants. wy 1 Pajpoyrtenaemert Group Losangeks ——«CA_—«6262._26 Mpeg Gras planes re) Cortliate| 2 The Spon Auton CGremocd\itage CO 4500027 Of
Slide 28: Portfolio Of Properties By State — Properties 50-98 (NE-WI)
Portfolio Of Properties By State ~~~" 98 Properties in 29 States (As of September 15, 2012) ~ Properties 50-98 (NE-WI) ‘Square squece ame or chy _state “Feat ame or Tenant city state “Feet Tang OMFS 50 Sopko Sores ne) uncon NE e280 14 (Wat Parnes! Pama PA 3708 51 Bunron at ratay chery NJ YBSI0 75 Sh
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