One Liberty Properties, Inc. (OLP) is an interesting REIT income vehicle in the small-cap category. The real estate investment trust has put together a portfolio of commercial properties that produce more than enough cash to fund a generous dividend for shareholders. One Liberty Property has a moderately low AFFO-payout ratio, suggesting that the company can maintain and grow its current dividend payout. Shares are not totally cheap, but also not overvalued yet, in my opinion. An investment in One Liberty Properties at today's price point yields 6.3 percent.