ONE LIBERTY PROPERTIES, INC. Files 8-K

TL;DR

ONE LIBERTY PROPERTIES, INC. filed an 8-K. Check for updates.

AI Summary

On November 19, 2024, ONE LIBERTY PROPERTIES, INC. filed an 8-K report detailing an event. The filing includes financial statements and exhibits, but no specific transaction details or dollar amounts are provided in the provided text.

Why It Matters

This 8-K filing indicates a regulatory disclosure by ONE LIBERTY PROPERTIES, INC., which may contain important updates for investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K disclosure without immediate negative or positive financial implications mentioned in the provided text.

Key Players & Entities

• ONE LIBERTY PROPERTIES, INC. (company) — Registrant
• November 19, 2024 (date) — Date of earliest event reported
• Maryland (jurisdiction) — State of incorporation
• 001-09279 (commission_file_number) — SEC File Number
• 13-3147497 (irs_number) — IRS Employer I.D. No.
• 60 Cutter Mill Road, Suite 303, Great Neck, New York 11021 (address) — Principal executive offices
• 516 - 466-3100 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $49 million — erties located in Theodore, Alabama for $49 million. The two properties comprise an aggrega
• $3.1 m — egate annual base rent is approximately $3.1 million, with annual rental increases gen
• $29 million — he acquisition with cash and a ten-year $29 million mortgage (interest only for five years

Filing Documents

• ea0222161-8k_oneliberty.htm (8-K) — 37KB
• 0001213900-24-102162.txt ( ) — 209KB
• olp-20241119.xsd (EX-101.SCH) — 3KB
• olp-20241119_lab.xml (EX-101.LAB) — 33KB
• olp-20241119_pre.xml (EX-101.PRE) — 22KB
• ea0222161-8k_oneliberty_htm.xml (XML) — 4KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 19, 2024 ONE LIBERTY PROPERTIES, INC. (Exact name of Registrant as specified in charter) Maryland 001-09279 13-3147497 (State or other jurisdiction of incorporation) (Commission file No.) (IRS Employer I.D. No.) 60 Cutter Mill Road , Suite 303 , Great Neck , New York 11021 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: 516 - 466-3100 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock OLP New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405) of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial standards provided pursuant to Section 13(a) of the Exchange Act. Section 8 – Other Events Item 8.01 Other Events On November 19, 2024 we entered into an agreement to acquire two industrial properties located in Theodore, Alabama for $49 million. The two properties comprise an aggregate of 371,586 square feet and are located on approximately 31 acres. Each property has one building which is leased to two tenants. The aggregate annual base rent is approximately $3.1 million, with annual rental increases generally ranging from 2.3% to 3.5%, and the weighted average remaining lease term is approximately seven years. We expect to finance the acquisition with cash and a ten-year $29 million mortgage (interest only for five years and then amortizing on a 30 year schedule) bearing an interest rate of 6.12%. Completion of the transaction is subject to customary conditions, including the completion, to our satisfaction, of our due diligence investigation. We anticipate that this transaction will be completed in early 2025, although no assurance can be given in this regard. Cautionary This Current Report on Form 8-K( the "Current Report") contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. We intend such forward-looking statements to be covered by the safe harbor provision for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words "may," "will," "could," "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions or variations thereof. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could materially affect actual results, performance or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, risks and uncertainties associated with: our ability to complete the proposed transaction on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to the satisfaction of the closing conditions to consummate the transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the agreement relating to the proposed transaction; significant transaction costs and/or unknown or inestimable amounts, including closing costs, the availability, amount and terms and conditions of the contemplated financing; effects relating to the announcement of the proposed transaction or any further announcements on the ability to consummate the transaction; and the other risks and uncertain

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