Liberty Property Trust (LPT) Tops Q2 FFO by 4c; Updates FY16 FFO Outlook

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Go back to Liberty Property Trust (LPT) Tops Q2 FFO by 4c; Updates FY16 FFO Outlook

Liberty Property Trust Announces Second Quarter Results and 2016 Guidance Revision

July 26, 2016 7:40 AM EDT

Second quarter highlights include:

Net income available to common shareholders $0.34 per diluted shareFunds from Operations $0.68 per diluted shareSame store operating income increased by 2.2% Same store operating income for the industrial distribution portfolio increased by 4.4%Industrial distribution rents increased 10.9%

Subsequent events and other highlights:

As previously announced, agreement reached to sell 7.6 million square feet of suburban properties for $969 million, sale... More