We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Liberty (LPT) Secures Renewal and Expansion Lease in Florida
Read MoreHide Full Article
Liberty Property Trust’s industrial properties have been experiencing strong demand from existing tenants amid the recovering economy and e-commerce boom.
Recently, the company secured renewal/expansion agreements for a total of 280,800 square feet of space that helped its existing tenants expand operations in Medley and West Palm Beach. These also increased the company’s occupancy rate for the South Florida portfolio to 93%.
Hitachi Rail USA — a tenant at Liberty’s Miami International Tradeport (“MIT”) — has entered into an agreement to lease 34,117 square feet of space in Building B, in addition to occupying the 140,400-square-foot MIT Building G.
Liberty’s industrial park — Miami International Tradeport — is located at 11250 NW 22nd Street in Medley, FL. It consists of 11 buildings spanning 1.7 million square feet of space. Notably, the property enjoys decent demand and occupancy, backed by its convenient location and amenities provided.
Oxygen Development LLC, which had initially leased 97,200 square feet of industrial space at Liberty Airport Center, entered into a new agreement to occupy additional 43,200 square feet of space in the building. The latest agreement is aimed at addressing the company’s growth needs. Oxygen Development now occupies the entire 140,400-square-foot building.
Liberty Airport Center is a business park located at 6017 Southern Blvd. in West Palm Beach, FL, that consists of seven buildings, and is owned and managed by Liberty.
With encouraging job growth opportunities and expansion of e-commerce firms, Miami’s industrial real estate market demonstrates solid prospects and is poised to become one of the leading industrial gateways of the nation. Hence, Liberty’s presence in such a sought after markets bodes well. In fact, its industrial and office real estate portfolio in South Florida spans over 2.9 million square feet of area, with major holdings in Miami International Tradeport, Liberty Airport Center, Northpoint Corporate Park Fort Lauderdale Commerce Center and Pompano Business Center.
Shares of this Zacks Rank #3 (Hold) company have outperformed its industry so far this year. During this time frame, shares of the company have gained 11.7%, whereas the industry has registered growth of 6.1%.
Franklin Street Properties’ funds from operations (FFO) per share estimates for 2017 remained unchanged at $1.05 over the past month. Its share price has increased 5.2% in three months’ time.
Columbia Property Trust’s FFO per share estimates for the current year have moved up 2.7% to $1.15 in a month’s time. Over the past three months, the company’s shares have gained 4.7%.
MedEquities Realty‘s 2017 FFO per share estimates remained unchanged at $1.12 over the past month. Its shares have dropped 5.4% in the past three months.
Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Liberty (LPT) Secures Renewal and Expansion Lease in Florida
Liberty Property Trust’s industrial properties have been experiencing strong demand from existing tenants amid the recovering economy and e-commerce boom.
Recently, the company secured renewal/expansion agreements for a total of 280,800 square feet of space that helped its existing tenants expand operations in Medley and West Palm Beach. These also increased the company’s occupancy rate for the South Florida portfolio to 93%.
Hitachi Rail USA — a tenant at Liberty’s Miami International Tradeport (“MIT”) — has entered into an agreement to lease 34,117 square feet of space in Building B, in addition to occupying the 140,400-square-foot MIT Building G.
Liberty’s industrial park — Miami International Tradeport — is located at 11250 NW 22nd Street in Medley, FL. It consists of 11 buildings spanning 1.7 million square feet of space. Notably, the property enjoys decent demand and occupancy, backed by its convenient location and amenities provided.
Oxygen Development LLC, which had initially leased 97,200 square feet of industrial space at Liberty Airport Center, entered into a new agreement to occupy additional 43,200 square feet of space in the building. The latest agreement is aimed at addressing the company’s growth needs. Oxygen Development now occupies the entire 140,400-square-foot building.
Liberty Airport Center is a business park located at 6017 Southern Blvd. in West Palm Beach, FL, that consists of seven buildings, and is owned and managed by Liberty.
With encouraging job growth opportunities and expansion of e-commerce firms, Miami’s industrial real estate market demonstrates solid prospects and is poised to become one of the leading industrial gateways of the nation. Hence, Liberty’s presence in such a sought after markets bodes well. In fact, its industrial and office real estate portfolio in South Florida spans over 2.9 million square feet of area, with major holdings in Miami International Tradeport, Liberty Airport Center, Northpoint Corporate Park Fort Lauderdale Commerce Center and Pompano Business Center.
Shares of this Zacks Rank #3 (Hold) company have outperformed its industry so far this year. During this time frame, shares of the company have gained 11.7%, whereas the industry has registered growth of 6.1%.
Better-ranked stocks in the real estate investment trust space include Franklin Street Properties (FSP - Free Report) , Columbia Property Trust and MedEquities Realty Trust (MRT - Free Report) . All three carry a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Franklin Street Properties’ funds from operations (FFO) per share estimates for 2017 remained unchanged at $1.05 over the past month. Its share price has increased 5.2% in three months’ time.
Columbia Property Trust’s FFO per share estimates for the current year have moved up 2.7% to $1.15 in a month’s time. Over the past three months, the company’s shares have gained 4.7%.
MedEquities Realty‘s 2017 FFO per share estimates remained unchanged at $1.12 over the past month. Its shares have dropped 5.4% in the past three months.
Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>