I would like to present the largely unknown and undiscussed misalignment between management and shareholders at One Liberty Properties (OLP). While I have previously endorsed OLP and we maintain a long position, there is a substantial concern that its investors need to be aware of. G&A expense is out of control. After fully evincing this flaw, we will show the potential correction of it to present tremendous upside to OLP shareholders. Let us begin by demonstrating its G&A to be absurdly high relative to its peers, to itself, and to what it should be.
High G&A relative to peers
From its 2Q earnings report, we can see that G&A for the quarter came in at $1.944mm....
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