Skip to main content

One Liberty Properties: Q4 Earnings Snapshot

GREAT NECK, N.Y. (AP) — GREAT NECK, N.Y. (AP) — One Liberty Properties Inc. (OLP) on Thursday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Great Neck, New York, said it had funds from operations of $10.4 million, or 48 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $2.4 million, or 12 cents per share.

The real estate investment trust, based in Great Neck, New York, posted revenue of $24.7 million in the period.

For the year, the company reported funds from operations of $41.6 million. Revenue was reported as $97.2 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OLP at https://www.zacks.com/ap/OLP

At least 2 killed in shooting at Toronto street festival, police say

At least two people were killed and four more wounded at a street festival in Toronto, Canada, after at least two suspects exchanged fire, authorities said. The Toronto Police Service had initially described the situation as an active shooter incident. However, in a news conference late Saturday night, Toronto Police Deputy Chief Frank Barredo clarified that it was not.   "There was some concern of an active shooter, that turned out not to be the case," Barredo said. The shooting occurred in Midtown Toronto during the Salsa on St. Clair festival, a popular annual Latin festival that draws thousands of people. "It's very difficult to say with certainty what precipitated this," Barredo said. "I can tell you that there was an exchange of gunfire between individuals and that two firearms were recovered."Barredo said that officers responded to find six people with gunshot wounds, two of whom died at the scene. The four wounded patients were taken to area hospitals, all in serious condition. Emergency Task Force vehicles and police officers are seen on the site of a shooting in Toronto, Canada, on July 11, 2026.  Jorge UZON / AFP via Getty Images About 13,00 people were believed to have attended the festival Saturday, Barredo said. "We will piece together some of those bits of information, and when we're able to share it with the public, we certainly will," the deputy chief added. No suspects have been arrested, Barredo said, noting that the exact number of suspects involved was still unknown. "I am devastated by the senseless violence at the Salsa on St. Clair Festival that has claimed two lives and injured others," Ontario "Premier Doug Ford said in a statement to X. "... The person responsible must be caught, brought to justice and spend the rest of their life behind bars."   
Read Next Story

Related News

At least 2 killed in shooting at Toronto street festival, police say

Kansas woman convicted of double murder after three trials

New Library of Congress exhibit features rare draft of Declaration of Independence