One Liberty Properties (OLP) Lags Q3 FFO Estimates

Group 1 - One Liberty Properties reported quarterly funds from operations (FFO) of $0.46 per share, missing the Zacks Consensus Estimate of$ 0.48 per share, and down from $0.49 per share a year ago, representing an FFO surprise of -4.17% [1] - The company posted revenues of$ 22.21 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.47%, but down from year-ago revenues of $22.55 million [2] - Over the last four quarters, One Liberty Properties has surpassed consensus revenue estimates three times [2] Group 2 - The stock has gained approximately 22.4% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [3] - The future performance of One Liberty Properties' stock will depend on management's commentary on the earnings call and the company's FFO outlook [4][6] - The current consensus FFO estimate for the coming quarter is$ 0.50 on revenues of $22.97 million, and for the current fiscal year, it is$ 1.94 on revenues of $89.36 million [7] Group 3 - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 27% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions, which can impact One Liberty Properties' stock performance [5]