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Liberty Property Trust

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Liberty Property Trust’s first-quarter 2018 funds from operations (FFO) per share of 65 cents surpassed the Zacks Consensus Estimate of 62 cents. Results reflect better-than-expected growth in revenues. The company experienced rent escalation on retained and replacement leases started during the quarter in industrial and office portfolio. It also raised its guidance for 2018. Notably, the company is shifting its focus toward industrial properties due to favorable demand supply conditions. Its premium quality industrial properties, situated at key locations, are likely to drive long-term growth by leveraging on e-commerce boom and supply-chain strategy transformations. Also, shares of Liberty Property outperformed its industry over the past three months. However, the near-term dilution effect from asset dispositions cannot be bypassed. Moreover, rate hike remains a concern.

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