One Liberty Properties, Inc. recently released its investor presentation for June 2025, showcasing several key metrics and changes in its portfolio. The company's total square footage stands at 11.7 million, spread across 105 properties, with an occupancy rate of 98.5%. The industrial segment dominates the portfolio, accounting for 74% of the 2025 base rent, representing a significant increase from 40% in 2018.
The company has made significant strides in its industrial property acquisitions, with all acquisitions since 2017 exclusively focusing on industrial properties. Its recent acquisitions include properties in areas such as Council Bluffs, IA, Wichita, KS, and Mobile, AL, with purchase prices ranging from $5.24 million to $49 million and yields ranging from 6.0% to 8.1%.
The investor presentation also highlights the company's diversified tenant base, with its top ten tenants contributing 19.6% of the 2025 base rent. Notably, Ferguson Enterprises, Inc. and FedEx Corporation are among the top tenants, representing 3.3% and 4.8% of the 2025 base rent, respectively.
The company's leasing case study in Columbia, SC, showcases a 26% increase in base rent from the previous year, reflecting the successful signing of a new 5-year lease with Ventcon LLC. This lease represents a 21% increase in base rent from the previous tenant's base rent.
Furthermore, One Liberty Properties' geographic diversification is evidenced by its presence in 32 states, with South Carolina, New York, and Texas being the highest contributors to its 2025 base rent, accounting for 11.1%, 8.8%, and 7.4% respectively.
As a result of these announcements, the company's shares have moved -0.63% on the market, and are now trading at a price of $25.32. For more information, read the company's full 8-K submission here.
