Liberty Property Trust (LPT) Tops Q1 FFO by 1c

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Liberty Property Trust Announces First Quarter Results

April 26, 2016 7:35 AM EDT

First quarter highlights include:

Funds from Operations $0.62 per shareSame store operating income increased by 2.1% Same store operating income for the industrial distribution portfolio increased by 6.7% Industrial distribution rents increased 12.2%1.9 million square feet of non-core, primarily suburban office dispositions1.4 million shares repurchased for $40.9 million, an average price of $29.28 per share

Malvern, Pa., April 26, 2016 (GLOBE NEWSWIRE) -- Liberty Property Trust reported that funds from operations available to... More