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Liberty (LPT) About to Complete Buildings at Shopton Ridge
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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%.
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 (LPT) About to Complete Buildings at Shopton Ridge
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 >>