Liberty Property Trust , the Malvern, PA-based real estate investment trust has announced that it is on the verge of completing the development of 3929 Shutterfly Road in Shopton Ridge. This industrial building will offer 36-foot clear height and 54-by-50-foot column spacing, thereby raising the cubic volume by 25%.
Liberty Property provides leasing, property management, development, construction management, design management and related services for a portfolio of industrial and office properties. The new 204,120-square-foot building offers 210-foot depth, a 60-foot speed bay, rear loading, trailer parking, and energy-efficient lighting.
With this next generation warehouse and distribution center in Charlotte, Liberty Property is offering tenants both cost and energy-efficient ways of increasing their cubic volume. Presently, Charlotte portfolio is fully leased. The company also intends to develop a second building of 158,760 square feet with same height and column-spacing features.
Currently, Liberty Property carries a Zacks Rank #3 (Hold).
Shares of Liberty Property underperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. During that time frame, shares of the company lost 2.3%, whereas the industry gained 3.8%.
Investors interested in the REIT and Equity Trust – Other industry, may consider stocks like Global Net Lease, Inc. (GNL - Free Report) , CoreSite Realty Corporation (COR - Free Report) and CorEnergy Infrastructure Trust, Inc. . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
Over the past 30 days, Global Net Lease’s funds from operations (FFO) per share for first-quarter 2017 escalated 11.1% to 60 cents.
Over the past 30 days, CoreSite Realty’s FFO per share for first-quarter 2017 increased 5% to $1.06.
CorEnergy Infrastructure Trust’ first-quarter 2017 FFO per share estimates remained unchanged at $1.07, over the past 30 days.
Note: 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. All EPS numbers presented in this write up represent FFO per share.
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Liberty Property Trust , the Malvern, PA-based real estate investment trust has announced that it is on the verge of completing the development of 3929 Shutterfly Road in Shopton Ridge. This industrial building will offer 36-foot clear height and 54-by-50-foot column spacing, thereby raising the cubic volume by 25%.
Liberty Property provides leasing, property management, development, construction management, design management and related services for a portfolio of industrial and office properties. The new 204,120-square-foot building offers 210-foot depth, a 60-foot speed bay, rear loading, trailer parking, and energy-efficient lighting.
With this next generation warehouse and distribution center in Charlotte, Liberty Property is offering tenants both cost and energy-efficient ways of increasing their cubic volume. Presently, Charlotte portfolio is fully leased. The company also intends to develop a second building of 158,760 square feet with same height and column-spacing features.
Currently, Liberty Property carries a Zacks Rank #3 (Hold).
Shares of Liberty Property underperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. During that time frame, shares of the company lost 2.3%, whereas the industry gained 3.8%.
Investors interested in the REIT and Equity Trust – Other industry, may consider stocks like Global Net Lease, Inc. (GNL - Free Report) , CoreSite Realty Corporation (COR - Free Report) and CorEnergy Infrastructure Trust, Inc. . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
Over the past 30 days, Global Net Lease’s funds from operations (FFO) per share for first-quarter 2017 escalated 11.1% to 60 cents.
Over the past 30 days, CoreSite Realty’s FFO per share for first-quarter 2017 increased 5% to $1.06.
CorEnergy Infrastructure Trust’ first-quarter 2017 FFO per share estimates remained unchanged at $1.07, over the past 30 days.
Note: 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. All EPS numbers presented in this write up represent FFO per share.
8 Stocks with Huge Profit Potential
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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