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Stock impact report

One Liberty Properties Acquires Two Industrial Properties

One Liberty Properties, Inc. (OLP) 
Last one liberty properties, inc. earnings: 3/13 04:15 pm Check Earnings Report
US:NYSE Investor Relations: 1liberty.com/investor_relations
Company Research Source: GlobeNewswire
GREAT NECK, N.Y., Feb. 25, 2020 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), announced that it acquired two industrial properties for an aggregate purchase price of $28.3 million and sold a retail property for net proceeds of $3.4 million and a net gain, before a mortgage prepayment charge, of $4.3 million. Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty commented, “We are excited to add these high-quality industrial properties to our diversified portfolio.  These transactions represent the ongoing execution of our approach to opportunistically grow our industrial exposure through accretive acquisitions, while strategically disposing of assets that have maximized their value within the portfolio.  The assets are leased for the long-term at solid starting rents that will benefit our earnings and cash flows for years to come.  We are pleased to begin 2020 by acquiring these attractive properties and will continue executing on our strategy Show less Read more
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