Liberty Property Trust (LPT) Tops Q4 EPS by 1c

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Go back to Liberty Property Trust (LPT) Tops Q4 EPS by 1c

Liberty Property Trust Announces Fourth Quarter and Full Year Results

February 9, 2016 7:30 AM EST

Fourth quarter highlights include:

Funds from Operations $0.65 per share2.5 million square feet of non-core, suburban office and flex properties sold for $265 million$75 million in developments delivered at a yield of 7.9%$108 million in new developments started at a projected stabilized yield of 8.5%Same store operating income increased by 2.6% over the 2014 fourth quarterSame store operating income for the industrial distribution portfolio increased by 6.5% over the 2014 fourth quarterIndustrial distribution rents increased... More