Liberty Property Trust (LPT) Misses Q2 EPS by 6c, Revenues Beat; Lowers FY18 EPS Outlook

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Go back to Liberty Property Trust (LPT) Misses Q2 EPS by 6c, Revenues Beat; Lowers FY18 EPS Outlook

Liberty Property Trust Announces Third Quarter 2018 Results

October 23, 2018 7:30 AM EDT

WAYNE, Pa., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE: LPT) announced financial and operating results for the quarter ended September 30, 2018.

Highlights for Third Quarter 2018

Net income available to common shareholders $1.01 per diluted shareNAREIT Funds from Operations $0.69 per diluted shareSame store operating income for the industrial portfolio increased by 3.8% over prior year quarter on a U.S. GAAP basis and 4.1% on a cash basisIndustrial portfolio occupancy 96.5% at quarter-endIndustrial rents increased 17.5% on a U.S. GAAP basis and 7.7% on cash basis$52.8 million in... More