One Liberty Properties (OLP)
Market Price (3/7/2026): $23.74 | Market Cap: $495.8 MilSector: Real Estate | Industry: Diversified REITs
One Liberty Properties (OLP)
Market Price (3/7/2026): $23.74Market Cap: $495.8 MilSector: Real EstateIndustry: Diversified REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 7.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 9.0% | Weak multi-year price returns3Y Excs Rtn is -37% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 89% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 46% | Key risksOLP key risks include [1] an unsustainable dividend payout, Show more. | |
| Low stock price volatilityVol 12M is 22% | ||
| Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, and Sustainable & Green Buildings. Themes include E-commerce Logistics REITs, Cold Storage Facilities, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 7.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 9.0% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 46% |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, and Sustainable & Green Buildings. Themes include E-commerce Logistics REITs, Cold Storage Facilities, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -37% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 89% |
| Key risksOLP key risks include [1] an unsustainable dividend payout, Show more. |
Qualitative Assessment
AI Analysis | Feedback
One Liberty Properties (OLP) stock has gained about 15% since 11/30/2025 because of the following key factors:
1. Strategic Industrial Portfolio Transformation and Acquisitions.
One Liberty Properties has actively transformed its portfolio, with industrial properties now comprising approximately 82% of its annual base rent. This shift was bolstered by significant acquisitions, including a six-building multi-tenant industrial property for $53.5 million on December 22, 2025, and ten industrial properties totaling 637,633 square feet for $56.7 million on January 29, 2026. These transactions contributed to a total of $246 million in industrial asset acquisitions over the 14 months leading up to March 5, 2026. The company also completed the sale of 12 non-core assets for $61.3 million of net proceeds in 2025.
2. Consistent and Attractive Dividend Payouts.
The company demonstrated a strong commitment to shareholder returns through its consistent dividend policy. One Liberty Properties declared its 132nd consecutive quarterly dividend of $0.45 per share on December 9, 2025, payable January 6, 2026, and its 133rd consecutive quarterly dividend of $0.45 per share on March 5, 2026, payable April 6, 2026. This streak of maintaining or increasing its dividend for over 33 consecutive years contributed to an attractive dividend yield of approximately 7.7% as of February 25, 2026, appealing to income-focused investors.
Show more
1. Strategic Industrial Portfolio Transformation and Acquisitions.
One Liberty Properties has actively transformed its portfolio, with industrial properties now comprising approximately 82% of its annual base rent. This shift was bolstered by significant acquisitions, including a six-building multi-tenant industrial property for $53.5 million on December 22, 2025, and ten industrial properties totaling 637,633 square feet for $56.7 million on January 29, 2026. These transactions contributed to a total of $246 million in industrial asset acquisitions over the 14 months leading up to March 5, 2026. The company also completed the sale of 12 non-core assets for $61.3 million of net proceeds in 2025.
2. Consistent and Attractive Dividend Payouts.
The company demonstrated a strong commitment to shareholder returns through its consistent dividend policy. One Liberty Properties declared its 132nd consecutive quarterly dividend of $0.45 per share on December 9, 2025, payable January 6, 2026, and its 133rd consecutive quarterly dividend of $0.45 per share on March 5, 2026, payable April 6, 2026. This streak of maintaining or increasing its dividend for over 33 consecutive years contributed to an attractive dividend yield of approximately 7.7% as of February 25, 2026, appealing to income-focused investors.
Show more
Stock Movement Drivers
Fundamental Drivers
The 16.5% change in OLP stock from 11/30/2025 to 3/6/2026 was primarily driven by a 16.5% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3062026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.39 | 23.75 | 16.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 96 | 96 | 0.0% |
| Net Income Margin (%) | 34.9% | 34.9% | 0.0% |
| P/E Multiple | 12.7 | 14.8 | 16.5% |
| Shares Outstanding (Mil) | 21 | 21 | 0.0% |
| Cumulative Contribution | 16.5% |
Market Drivers
11/30/2025 to 3/6/2026| Return | Correlation | |
|---|---|---|
| OLP | 16.5% | |
| Market (SPY) | -1.6% | -18.5% |
| Sector (XLRE) | 2.9% | 36.3% |
Fundamental Drivers
The 3.6% change in OLP stock from 8/31/2025 to 3/6/2026 was primarily driven by a 16.8% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3062026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.91 | 23.75 | 3.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 95 | 96 | 1.6% |
| Net Income Margin (%) | 29.9% | 34.9% | 16.8% |
| P/E Multiple | 16.9 | 14.8 | -12.6% |
| Shares Outstanding (Mil) | 21 | 21 | -0.1% |
| Cumulative Contribution | 3.6% |
Market Drivers
8/31/2025 to 3/6/2026| Return | Correlation | |
|---|---|---|
| OLP | 3.6% | |
| Market (SPY) | 4.5% | -3.3% |
| Sector (XLRE) | 2.1% | 51.7% |
Fundamental Drivers
The -3.5% change in OLP stock from 2/28/2025 to 3/6/2026 was primarily driven by a -10.5% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3062026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.61 | 23.75 | -3.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 89 | 96 | 7.7% |
| Net Income Margin (%) | 39.0% | 34.9% | -10.5% |
| P/E Multiple | 14.6 | 14.8 | 1.3% |
| Shares Outstanding (Mil) | 21 | 21 | -1.2% |
| Cumulative Contribution | -3.5% |
Market Drivers
2/28/2025 to 3/6/2026| Return | Correlation | |
|---|---|---|
| OLP | -3.5% | |
| Market (SPY) | 14.2% | 32.3% |
| Sector (XLRE) | 1.7% | 62.4% |
Fundamental Drivers
The 32.6% change in OLP stock from 2/28/2023 to 3/6/2026 was primarily driven by a 61.3% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3062026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.90 | 23.75 | 32.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 86 | 96 | 12.6% |
| Net Income Margin (%) | 46.5% | 34.9% | -25.0% |
| P/E Multiple | 9.2 | 14.8 | 61.3% |
| Shares Outstanding (Mil) | 20 | 21 | -2.6% |
| Cumulative Contribution | 32.6% |
Market Drivers
2/28/2023 to 3/6/2026| Return | Correlation | |
|---|---|---|
| OLP | 32.6% | |
| Market (SPY) | 76.0% | 37.9% |
| Sector (XLRE) | 23.2% | 65.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OLP Return | 87% | -32% | 8% | 34% | -20% | 17% | 71% |
| Peers Return | 44% | -23% | 3% | -0% | 11% | 9% | 38% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| OLP Win Rate | 83% | 33% | 50% | 67% | 42% | 100% | |
| Peers Win Rate | 73% | 38% | 45% | 47% | 60% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| OLP Max Drawdown | -2% | -38% | -15% | -9% | -23% | 0% | |
| Peers Max Drawdown | -5% | -34% | -20% | -13% | -11% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: STAG, LXP, GOOD, WPC, BNL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/6/2026 (YTD)
How Low Can It Go
| Event | OLP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -51.3% | -25.4% |
| % Gain to Breakeven | 105.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -59.8% | -33.9% |
| % Gain to Breakeven | 148.8% | 51.3% |
| Time to Breakeven | 445 days | 148 days |
| 2018 Correction | ||
| % Loss | -20.3% | -19.8% |
| % Gain to Breakeven | 25.4% | 24.7% |
| Time to Breakeven | 131 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -89.6% | -56.8% |
| % Gain to Breakeven | 864.1% | 131.3% |
| Time to Breakeven | 1,532 days | 1,480 days |
Compare to STAG, LXP, GOOD, WPC, BNL
In The Past
One Liberty Properties's stock fell -51.3% during the 2022 Inflation Shock from a high on 1/4/2022. A -51.3% loss requires a 105.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About One Liberty Properties (OLP)
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.
AI Analysis | Feedback
Here are 1-3 brief analogies for One Liberty Properties (OLP):
- Like a more diversified version of Realty Income (O), including more industrial and restaurant properties.
- Prologis (PLD) but also owning retail and restaurant properties.
- Like a diversified McDonald's (MCD) that owns and leases out not just restaurant properties, but also retail stores and industrial warehouses.
AI Analysis | Feedback
- Industrial Property Leasing: Provides long-term leases for industrial properties such as warehouses, distribution centers, and manufacturing facilities.
- Retail Property Leasing: Offers leases for various retail properties, including shopping centers, big-box stores, and standalone retail buildings.
- Flex Property Leasing: Leases versatile commercial spaces that combine office, warehouse, and showroom functionalities.
- Restaurant Property Leasing: Provides leased buildings specifically designed for restaurant operations, often to national and regional chain tenants.
AI Analysis | Feedback
One Liberty Properties (OLP) is a Real Estate Investment Trust (REIT) that primarily owns and leases single-tenant retail, industrial, and flex properties. As such, the company sells primarily to other companies, which are its tenants.
Based on their most recent annual filings (10-K), OLP's major customers (tenants) that individually account for 10% or more of their annual rental revenue are:
- BJ's Wholesale Club, Inc.: This company accounted for approximately 14.6% of OLP's annual rental revenue. Its parent company is BJ's Wholesale Club Holdings, Inc. (symbol: BJ).
- The Stop & Shop Supermarket Company LLC: This company accounted for approximately 10.1% of OLP's annual rental revenue. Its parent company is Ahold Delhaize (listed on Euronext Amsterdam under symbol AD and traded OTC in the US under symbol AHODF).
AI Analysis | Feedback
List of major suppliers for One Liberty Properties (OLP):
- KPMG LLP (Accounting and Auditing Services)
- Computershare Limited (ASX: CPU) (Transfer Agent Services)
AI Analysis | Feedback
Patrick J. Callan, Jr. President & Chief Executive Officer
Patrick Callan joined One Liberty Properties in 2006 as President and became Chief Executive Officer in 2008. He brings over 40 years of real estate experience to the company. Before joining One Liberty, he spent two years as Senior Vice President of First Washington Realty, where he was responsible for leasing, acquisitions, and redevelopment for a 13 million square foot, 100-shopping-center joint venture with the California Public Employees Retirement System (CalPERS). This joint venture was sold for $2.6 billion to Regency Centers. Prior to First Washington, he served for 17 years as Vice President of Real Estate for Kimco Realty Corporation, where he played a key role in the leasing, management, redevelopment, renovation, and acquisition of a $3 billion shopping center portfolio.
Isaac Kalish Chief Financial Officer
Isaac Kalish serves as the Chief Financial Officer, Senior Vice President, and Treasurer of One Liberty Properties. He also holds positions as Senior Vice President and Treasurer of BRT Apartments Corp. and Vice President and Treasurer of Georgetown Partners LLC.
Lawrence G. Ricketts, Jr. Executive Vice President & Chief Operating Officer
Lawrence Ricketts joined One Liberty Properties in 1999 and oversees all aspects of property acquisitions, dispositions, and financing, including deal negotiations, joint ventures, underwriting, and due diligence. He has over $2 billion in transactional experience. Throughout his tenure, he has sourced purchase opportunities and managed sales for a diverse portfolio of property types across the United States, including retail, industrial, office, restaurants, gas station/c-stores, theaters, and fitness clubs.
Matthew J. Gould Chairman of the Board
Matthew Gould is the Chairman of the Board of One Liberty Properties. He also serves as Chairman of the Board and Chief Executive Officer of Georgetown Partners. Additionally, he is a Senior Vice President and a Trustee of BRT Apartments Corp., and Senior Vice President of REIT Management Corp. and Majestic Property Management Corp. The Gould family played a foundational role in the management and direction of One Liberty Properties since its inception in the early 1980s.
Justin S. Clair Executive Vice President
Justin Clair is an Executive Vice President of One Liberty Properties.
AI Analysis | Feedback
One Liberty Properties (OLP) faces several key risks, with the most significant revolving around its dividend sustainability, high leverage, and tenant-related challenges. The most prominent risk to One Liberty Properties is the **sustainability of its dividend**, primarily due to a high payout ratio. The company's trailing dividend payout ratio has been reported as high as 139.53% of earnings and approximately 96.7% of Adjusted Funds From Operations (AFFO) in Q3 2025. This indicates that the company is paying out more in dividends than it earns, raising significant concerns about the long-term viability of the current dividend, especially if AFFO declines. Another significant risk is OLP's **high debt and leverage**. As of September 30, 2025, the company's debt-to-equity ratio was approximately 1.55, which is notably higher than the average of about 0.64 for industrial REITs. This aggressive, debt-fueled growth strategy increases the company's risk profile, particularly in a high-interest-rate environment. Additionally, the company's interest payments are not well covered by its earnings, and its balance sheet is described as not strong, with significant leverage compared to competitors. Finally, the company faces risks related to **tenant concentration, upcoming lease expirations, and continued exposure to the retail sector**. A portion of OLP's revenue relies on a few major tenants, and traditional retail tenants are under pressure from online competition. A substantial percentage of leases are set to expire in the coming years, with 23.7% of 2023 contractual rental income expiring between 2024 and 2026, posing a risk to rental income if properties cannot be re-rented or if tenants default. Although OLP is strategically shifting towards industrial properties, it still retains considerable retail assets, which expose it to the inherent volatility of that sector.AI Analysis | Feedback
nullAI Analysis | Feedback
One Liberty Properties (OLP) operates as a real estate investment trust (REIT) primarily focused on acquiring, owning, and managing a diversified portfolio of industrial and retail properties subject to long-term net leases across the United States.
Addressable Market Sizes (U.S.)
- Net Lease Market: The investable net lease or freestanding properties market in the U.S. is estimated at $5.5 trillion. The total net-lease investment volume in the U.S. for the year ending Q1 2025 was $44.6 billion.
- Industrial Real Estate Market: The U.S. industrial real estate market size is projected to grow to $342.39 billion by 2029. In the first quarter of 2025, industrial & logistics assets represented $4.7 billion, or 49%, of the total U.S. net-lease investment volume.
- Retail Real Estate Market: The retail sector's share of U.S. net-lease investment increased to 32% ($3.1 billion) in Q1 2025.
AI Analysis | Feedback
One Liberty Properties (OLP) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic acquisitions, rental rate increases, a focused portfolio, and maintained high occupancy levels.
Here are 4 expected drivers of future revenue growth for One Liberty Properties:
- Strategic Acquisitions of Industrial Properties: One Liberty Properties has demonstrated a clear strategy and recent history of acquiring industrial assets. For instance, the company invested $44.7 million in three industrial properties in 2024 and an additional $62.3 million in three more during Q1 2025, with a further $26 million acquisition pending. In 2025, OLP completed acquisitions totaling approximately $189 million, significantly expanding its industrial real estate footprint. These acquisitions directly contribute to an increased revenue-generating asset base.
- Rental Rate Increases from New and Existing Leases: The company's new industrial leases are anticipated to include annual base rent increases, such as an estimated 4.0% on a recently acquired Minnesota property. Furthermore, OLP's ability to renew existing leases at favorable rates and achieve rental rate growth through effective property management and market positioning is crucial for boosting revenue.
- Continued Portfolio Transformation Towards High-Demand Industrial Assets: One Liberty Properties is strategically shifting its portfolio concentration to industrial properties, with approximately 80% of its annual base rent (ABR) now derived from this sector. This focus leverages the strong demand for industrial real estate, particularly driven by e-commerce growth, which is expected to enhance the stability and growth of cash flow.
- Maintaining High Occupancy Levels: OLP consistently maintains high occupancy rates across its property portfolio, with reported rates of 96.5% entering 2024 and 97.0% as of September 30, 2024. Sustaining these high occupancy levels is essential for maximizing rental income and ensuring a stable revenue stream from its leased properties.
AI Analysis | Feedback
Share Repurchases
- In September 2022, One Liberty Properties' Board of Directors approved an approximate $5.2 million increase to its existing share repurchase authorization, bringing the total authorization to up to $7.5 million of common stock.
- As of March 2025, the company expected to repurchase approximately $8,082,000 of shares of common stock.
- As of December 2023, the company had ongoing stock repurchase plans and had made recent acquisitions of shares.
Share Issuance
- During the second quarter of 2025, stock issuances, mainly through equity incentive and dividend reinvestment programs, led to an increase of approximately 292,000 in weighted average common shares outstanding.
- In the third quarter of 2025, non-cash equity incentive and dividend reinvestment programs resulted in an increase of approximately 214,000 in weighted average common shares outstanding.
- For the first half of 2025, a roughly 1.3% increase in shares negatively impacted adjusted funds from operations (AFFO) per share.
Outbound Investments
- In 2025, the company completed and agreed to acquisitions totaling approximately $189 million, primarily focusing on industrial properties, funded in part by sales of non-core assets.
- From the beginning of 2024 through the first quarter of 2025, One Liberty Properties added seven industrial properties with an aggregate purchase price of $133 million.
- In 2023, the company raised $63 million from the sale of 12 assets as part of its capital recycling strategy.
Capital Expenditures
- In 2024, net cash used in investing activities, primarily for capital expenditures and property improvements, amounted to $4.631 million.
- For the short-term future in 2025, anticipated capital expenditures are estimated to be $2.5 million.
- The company funded $932,000 in 2023 and $100,000 in 2024 for capital expenditures at "The Vue" property, an unconsolidated joint venture.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to OLP.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | KRC | Kilroy Realty | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02202026 | AAT | American Assets Trust | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -0.2% | -0.2% | -1.5% |
| 12122025 | LINE | Lineage | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.7% | 11.7% | -7.3% |
| 11302025 | OHI | Omega Healthcare Investors | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 6.7% | 6.7% | -6.0% |
| 10312025 | ADC | Agree Realty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.8% | 11.8% | -2.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.93 |
| Mkt Cap | 3.2 |
| Rev LTM | 402 |
| Op Inc LTM | 143 |
| FCF LTM | 217 |
| FCF 3Y Avg | 217 |
| CFO LTM | 244 |
| CFO 3Y Avg | 243 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.9% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 8.2% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 37.0% |
| Op Mgn 3Y Avg | 36.6% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 54.7% |
| CFO/Rev 3Y Avg | 57.4% |
| FCF/Rev LTM | 51.1% |
| FCF/Rev 3Y Avg | 51.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.2 |
| P/S | 7.9 |
| P/EBIT | 16.2 |
| P/E | 28.6 |
| P/CFO | 12.3 |
| Total Yield | 7.3% |
| Dividend Yield | 4.0% |
| FCF Yield 3Y Avg | 8.5% |
| D/E | 0.6 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.5% |
| 3M Rtn | 11.4% |
| 6M Rtn | 5.4% |
| 12M Rtn | 9.2% |
| 3Y Rtn | 24.7% |
| 1M Excs Rtn | 4.5% |
| 3M Excs Rtn | 12.4% |
| 6M Excs Rtn | 2.4% |
| 12M Excs Rtn | -7.2% |
| 3Y Excs Rtn | -45.0% |
Price Behavior
Price Behavior
| Market Price | $23.75 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 03/17/1992 | |
| Distance from 52W High | -6.8% | |
| 50 Days | 200 Days | |
| DMA Price | $21.88 | $21.72 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 8.6% | 9.4% |
| 3M | 1YR | |
| Volatility | 19.5% | 21.8% |
| Downside Capture | -93.42 | 34.51 |
| Upside Capture | 7.35 | 24.72 |
| Correlation (SPY) | -20.1% | 32.3% |
OLP Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.64 | -0.32 | -0.43 | -0.06 | 0.37 | 0.57 |
| Up Beta | -1.10 | -0.83 | -0.52 | -0.03 | 0.43 | 0.59 |
| Down Beta | -0.12 | 0.06 | 0.08 | 0.23 | 0.40 | 0.58 |
| Up Capture | 22% | 28% | -16% | -12% | 15% | 24% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 15 | 27 | 37 | 64 | 129 | 385 |
| Down Capture | -177% | -113% | -131% | -31% | 42% | 80% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 6 | 14 | 24 | 59 | 121 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OLP | |
|---|---|---|---|---|
| OLP | -1.5% | 21.9% | -0.15 | - |
| Sector ETF (XLRE) | 1.1% | 16.5% | -0.11 | 62.1% |
| Equity (SPY) | 16.4% | 19.2% | 0.66 | 32.2% |
| Gold (GLD) | 77.1% | 26.1% | 2.17 | -7.0% |
| Commodities (DBC) | 19.6% | 17.1% | 0.89 | 6.4% |
| Real Estate (VNQ) | 3.1% | 16.6% | 0.01 | 66.4% |
| Bitcoin (BTCUSD) | -21.4% | 45.5% | -0.39 | 2.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OLP | |
|---|---|---|---|---|
| OLP | 9.0% | 24.5% | 0.33 | - |
| Sector ETF (XLRE) | 6.1% | 19.0% | 0.22 | 65.9% |
| Equity (SPY) | 13.0% | 17.0% | 0.60 | 47.8% |
| Gold (GLD) | 24.2% | 17.2% | 1.14 | 9.1% |
| Commodities (DBC) | 11.9% | 19.0% | 0.51 | 11.5% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 69.8% |
| Bitcoin (BTCUSD) | 7.5% | 56.8% | 0.35 | 19.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OLP | |
|---|---|---|---|---|
| OLP | 8.9% | 31.7% | 0.35 | - |
| Sector ETF (XLRE) | 7.4% | 20.4% | 0.32 | 63.2% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 48.9% |
| Gold (GLD) | 15.1% | 15.6% | 0.80 | 4.6% |
| Commodities (DBC) | 9.0% | 17.6% | 0.43 | 18.1% |
| Real Estate (VNQ) | 6.1% | 20.7% | 0.26 | 68.5% |
| Bitcoin (BTCUSD) | 66.7% | 66.8% | 1.06 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/5/2026 | 0.1% | ||
| 11/6/2025 | 2.7% | 2.6% | 1.8% |
| 6/12/2025 | -1.8% | -1.7% | -5.4% |
| 3/5/2025 | 2.2% | 0.7% | 0.7% |
| 11/5/2024 | 4.6% | 2.7% | 7.2% |
| 8/6/2024 | -0.4% | -0.8% | 6.6% |
| 3/5/2024 | 4.0% | 10.9% | 11.0% |
| 11/6/2023 | -0.3% | -1.2% | 13.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 14 |
| # Negative | 8 | 8 | 4 |
| Median Positive | 2.7% | 4.4% | 4.7% |
| Median Negative | -1.5% | -1.7% | -8.1% |
| Max Positive | 6.1% | 10.9% | 23.5% |
| Max Negative | -14.3% | -19.6% | -13.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/06/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/06/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/14/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ricketts, Lawrence | Exec.Vice President and COO | Direct | Sell | 6182025 | 24.98 | 2,000 | 49,970 | 4,624,833 | Form |
| 2 | Ricketts, Lawrence | Exec.Vice President and COO | Direct | Sell | 6182025 | 25.00 | 400 | 10,000 | 4,617,647 | Form |
| 3 | Ricketts, Lawrence | Exec.Vice President and COO | Direct | Sell | 6122025 | 25.67 | 8,567 | 219,915 | 4,974,021 | Form |
| 4 | Ricketts, Lawrence | Exec.Vice President and COO | Direct | Sell | 6122025 | 25.62 | 2,502 | 64,101 | 4,900,231 | Form |
| 5 | Ricketts, Lawrence | Exec.Vice President and COO | Direct | Sell | 6122025 | 25.25 | 4,160 | 105,052 | 4,724,984 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.