Analyzing One Liberty Properties (NYSE:OLP) and First Industrial Realty Trust (NYSE:FR)

One Liberty Properties (NYSE:OLP) and First Industrial Realty Trust (NYSE:FR) are both real estate companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, institutional ownership, risk, dividends, analyst recommendations, profitability and earnings.

Dividends

One Liberty Properties pays an annual dividend of $1.80 per share and has a dividend yield of 7.5%. First Industrial Realty Trust pays an annual dividend of $2.00 per share and has a dividend yield of 3.2%. One Liberty Properties pays out 113.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. First Industrial Realty Trust pays out 73.0% of its earnings in the form of a dividend. First Industrial Realty Trust has raised its dividend for 12 consecutive years.

Profitability

This table compares One Liberty Properties and First Industrial Realty Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
One Liberty Properties	33.51%	11.52%	4.06%
First Industrial Realty Trust	47.97%	12.99%	6.41%

Volatility & Risk

One Liberty Properties has a beta of 0.87, meaning that its share price is 13% less volatile than the S&P 500. Comparatively, First Industrial Realty Trust has a beta of 1.04, meaning that its share price is 4% more volatile than the S&P 500.

Insider & Institutional Ownership

36.2% of One Liberty Properties shares are owned by institutional investors. Comparatively, 99.8% of First Industrial Realty Trust shares are owned by institutional investors. 26.2% of One Liberty Properties shares are owned by company insiders. Comparatively, 1.1% of First Industrial Realty Trust shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares One Liberty Properties and First Industrial Realty Trust”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
One Liberty Properties	$97.23 million	5.41	$25.47 million	$1.59	15.15
First Industrial Realty Trust	$727.08 million	11.39	$247.44 million	$2.74	22.80

First Industrial Realty Trust has higher revenue and earnings than One Liberty Properties. One Liberty Properties is trading at a lower price-to-earnings ratio than First Industrial Realty Trust, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of current recommendations for One Liberty Properties and First Industrial Realty Trust, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
One Liberty Properties	1	0	1	1	2.67
First Industrial Realty Trust	0	7	7	1	2.60

One Liberty Properties presently has a consensus target price of $28.50, suggesting a potential upside of 18.30%. First Industrial Realty Trust has a consensus target price of $67.07, suggesting a potential upside of 7.37%. Given One Liberty Properties’ stronger consensus rating and higher probable upside, equities research analysts clearly believe One Liberty Properties is more favorable than First Industrial Realty Trust.

Summary

First Industrial Realty Trust beats One Liberty Properties on 13 of the 17 factors compared between the two stocks.

About One Liberty Properties

One Liberty Properties, Inc. is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases. The properties in the firm’s portfolio include net leases, long-term lease, and scheduled rent increases. The company was founded in December 1982 and is headquartered in Great Neck, NY.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 68.5 million square feet of industrial space as of December 31, 2023.