Published on 9 Nov 2023 on Benzinga
REITs Crushing Estimates After Third-Quarter Sell-Off - One Liberty Props (NYSE:OLP), Realty Income...
After a difficult third quarter that saw real estate investment trusts (REITs) hammered down in share price, REITs are making a strong comeback. Talk of high interest rates, increasing vacancies and possible recession are still all around, but take a look at several REITs that just trounced the analyst estimates for the third quarter.
One Liberty Properties Inc. OLP is a Great Neck, New York-based diversified REIT that owns and manages retail, office and industrial properties under long-term triple net leases. One Liberty Properties owns 120 properties with more than 11.3 million square feet in 31 states. Most of its properties are in the East and Midwest portions of the U.S.