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Liberty Property Trust

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Liberty Property reported first-quarter 2015 funds from operations (“FFO”) of $0.70 per share, which surpassed the Zacks Consensus Estimate and the prior-year quarter figure by $0.08 and $0.12, respectively. Quarterly results reflected rent and occupancy growth, strong leasing activities and development deliveries, as well as continued strength in the industrial and Class A office markets. We believe that strong U.S. industrial market positions Liberty Property well for future growth. Yet, the company’s large construction pipeline increases operational risks. Moreover, an anticipated rise in interest rates remains a concern.

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