One Liberty Properties Declares Regular Quarterly Cash Dividend

GREAT NECK, NY--(Marketwire - June 14, 2010) - One Liberty Properties, Inc. (NYSE: OLP) announced today that its Board of Directors has declared its regular quarterly cash dividend of $.30 per share of common stock payable on July 7, 2010 to stockholders of record on June 28, 2010.

One Liberty Properties is a real estate investment trust which invests in commercial real estate, primarily net leased properties, and other real estate related investments.

ONE LIBERTY PROPERTIES, INC.
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone (516) 466-3100
Telecopier (516) 466-3132
www.onelibertyproperties.com

Contact Information:

Contact:
Simeon Brinberg
(516) 466-3100