Liberty Property Trust (LPT) Misses Q2 EPS by 6c, Revenues Beat; Lowers FY18 EPS Outlook

Liberty Property Trust (NYSE: LPT) reported Q2 EPS of $0.33, $0.06 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $172.31 million versus the consensus estimate of $121.39 million.

“Liberty’s strong results reflect the unique landscape in which we are operating and our ability to capitalize on this environment. We continue to benefit from the dynamic and evolving logistics industry and robust demand for quality industrial space from users both large and small,” said Bill Hankowsky, Chairman and Chief Executive Officer. “Consistent with the opportunities we see in the marketplace, we intend to complete our strategic shift by monetizing our remaining, high-quality office assets and focusing our efforts and capital solely on our industrial platform.”

GUIDANCE:

Liberty Property Trust sees FY2018 EPS of $3.17-$3.33, versus the consensus of $1.92.

For earnings history and earnings-related data on Liberty Property Trust (LPT) click here.

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