UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 1, 2004
ONE LIBERTY PROPERTIES, INC.
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(Exact name of Registrant as specified in charter)
Maryland 001-09279 13-3147497
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(State or other (Commission file No.) (IRS Employer
jurisdiction of I.D. No.)
incorporation)
60 Cutter Mill Road, Suite 303, Great Neck, New York 11021
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code 516-466-3100
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure
At an investor conference held on December 1, 2004 the registrant advised
persons in attendance at its presentation that it has assigned its
bankruptcy claim against Just For Feet of Texas, Inc., a former tenant at
the Lewisville, Texas retail property owned by it for $854,962. It also
advised that a joint venture in which it is a 50% venture partner assigned
its bankruptcy claim against Just For Feet of Texas, Inc., a tenant at the
Shreveport retail property owned by the joint venture for $858,556. Both of
these leases had been rejected in the bankruptcy proceeding filed by Just
For Feet of Texas, Inc. and Footstar, Inc. If either claim is disallowed
registrant will have to repay a proportional amount to the Assignee of the
claims. Accordingly, registrant could not, at this time, comment on the
appropriate accounting treatment which will be applied to the receipt of
these funds or the impact on its financial statements as at and for the
quarter and year ending December 31, 2004.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ONE LIBERTY PROPERTIES, INC.
Date: December 1, 2004 By: /s/ Simeon Brinberg
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Simeon Brinberg
Senior Vice President