One Liberty Properties(OLP) - 2023 Q4 - Annual Results

Exhibit 99.1 ONE LIBERTY PROPERTIES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS For the fourth quarter of 2023 net expenses were $5.2 million compared to net expenses of$4.6 million in the corresponding period of 2022. The change was due primarily to a $259,000 increase in interest expense, a net$234,000 decrease in equity in earnings from the Manahawkin, NJ multi-tenant shopping center, and a $108,000 loss from the sale of the Manahawkin property. Gain-on-sale of real estate – Occupancy at 98.8% – ...