Liberty Property Trust (LPT) Misses Q1 EPS by 24c

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Go back to Liberty Property Trust (LPT) Misses Q1 EPS by 24c

Liberty Property Trust Announces Second Quarter 2018 Results

July 24, 2018 8:01 AM EDT

WAYNE, Pa., July 24, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust announced financial and operating results for the quarter ended June 30, 2018.

Liberty continues to benefit from strong, unabated demand from industrial users for high-quality, well-located facilities, said Bill Hankowsky, Chief Executive Officer. This demand is widespread and is evident in all Liberty markets. Due to these market conditions, we anticipate that our same store operating performance for 2018 will likely be at the upper end of our guidance range. In addition, the robust demand from real estate investors should allow us to accelerate sales of non-core office properties... More