2 models fit One Liberty Properties Inc. Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Silver63
Valued as a REIT (property company): Price to FFO, Dividend discount, and EV/EBITDA comparison.
ACCE opinionOne Liberty Properties Inc. Common Stock (OLP)
Fair value (2 models)
$23.54
ACCE price target
$22.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 12 Oct 2026, 00:00 CEST; previously $17.91 since 5 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $22.35 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount, EV/EBITDA comparison, and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
5.1% below
+5.3% to fair value
ACCE score
65
out of 100
Analysts
67% buy
3 covering
P/E
14.1x
forward 58.8x
1-year return
+8.1%
Dividend yield
8.05%
One Liberty Properties Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
One Liberty Properties owns a diversified portfolio of net-leased industrial, retail and office properties, mostly leased to tenants on long-term contracts that pass most operating costs through to the tenant. The structure is what matters here: a small REIT with a 79.6% gross margin and a 35.2% operating margin, against revenue growing 10.3%, means rent collection is doing the work rather than operations. The forward P/E of 23.5 sits well above the trailing 14.1, so the market is not paying for the current earnings profile to persist, which is the first thing to test. At a $485M market cap and no index membership, the name is off most screens, and a 65/100 score with an 11.7% ROE suggests it is a reasonable operator rather than an obvious bargain, so the question for a deeper look is whether the growth in rents can keep outrunning the cost of the capital used to buy new properties.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
moderate
Leverage elevated
Debt/Equity of 1.82 is high for a diversified REIT, leaving less room if rates rise or property values soften. Free cash flow of $38M is the main cushion.
moderate
Revenue growth slowing
Revenue grew 10.3% year over year but the 5-year revenue CAGR is only 3.5%, and the latest quarter fell 4.6% QoQ. Earnings growth of 84.8% looks flattered by a weak base.
moderate
Score drifting lower
The ACCE score fell from 68 to 65 over 90 days, with Momentum at 47 the weakest component. Forward P/E of 23.5 sits well above trailing 14.0, which implies earnings are expected to fall back.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 10.3% year over year, well ahead of its 3.5% average annual pace over the past five years.
Free cash flow of $38M over the last twelve months, a 7.7% yield at the current price, with an 8.1% dividend yield.
Why it could disappoint
Return on invested capital is only 2.5%, a thin return on the capital the business has put to work.
Debt to equity of 1.82 leaves the balance sheet heavily reliant on borrowing, which limits flexibility if conditions tighten.
A forward P/E of 23.5x against a trailing 14.0x implies analysts expect earnings per share to fall.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where OLP's valuation models land
Price
$22.35
Model fair value
$23.54
Model range
$12.29 to $34.79
Fair value $23.54
Price $22.35
The price sits inside the model range.
Model
Fair value
Upside
Dividend discount
EV/EBITDA comparison
Price to FFO
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Quality
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