Liberty Property Trust (LPT) Tops Q3 EPS by 7c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus

Liberty Property Trust (NYSE: LPT) reported Q3 EPS of $0.38, $0.07 better than the analyst estimate of $0.31. Revenue for the quarter came in at $180.28 million versus the consensus estimate of $122.08 million.

2019 Outlook

“The fundamental drivers of our business appear relatively unchanged from 2018, and we expect similar opportunities to grow in 2019. In 2018 we set the stage for, and completed a great deal of work toward, returning to our roots as an industrial real estate company. We are concentrating our efforts and capital solely in the industrial business. Our outlook for 2019 incorporates a similarly aggressive push toward completion of this repositioning activity. To look out a bit further, it is reasonable to expect we will complete the disposition of all wholly-owned office assets within 18 months,” said Mr. Hankowsky.

GUIDANCE:

Liberty Property Trust sees FY2018 EPS of $2.21-$2.32, versus the consensus of $1.32.

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

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