Liberty Property Trust (LRY) Tops Q2 FFO by 1c, Reaffirms FY Guidance
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Liberty Property Trust (NYSE: LRY) reports Q2 FFO of $0.80, 1 cent better than the analyst estimate of $0.79. Revenues were $186.4 million vs. $192.10 million consensus.
"Although the economy continues to dampen demand, supply and demand are generally in balance, Liberty's leasing performance is robust, and our operating metrics are solid. We are comfortable reaffirming our guidance for 2008 funds from operations at $3.10-$3.25 per share." (Consensus is $3.16)
Liberty Property Trust is a publicly owned real estate investment holding trust.[SM]
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