Liberty Property Trustbiz. Watch Liberty Property Trust Latest from The Business Journals Liberty sells four suburban office buildings for millionInvestor pays .8M for Milwaukee officeSanMar wants giant MN warehouse Follow this company (NYSE:LRY) reported second-quarter numbers that showed funds from operations were flat but income per diluted share more than doubled. The company said that it is starting to see signs of increased demand in the markets where it owns properties and has continued to buy and sell noncore properties that don’t fit with a strategy of bulking up on high-end warehouse and distribution space.
MALVERN, Pa., July 26, 2011 /PRNewswire/ -- Liberty Property Trust (NYSE:LRY - News) reported that funds from operations available to common shareholders (diluted) (“FFO”) for the second quarter of 2011 was $0.65 per share, compared to $0.67 per share for the same period in 2010. FFO for the second quarter of 2011 included a $4.2 million, non-cash impairment charge. Excluding this impairment charge, FFO for the second quarter would be $0.69 per share. Funds from operations for the second quarter of 2011 include lease termination fees of $1.6 million.
FFO per share for the six-month period ended June 30, 2011 was $1.30, compared to $1.31 per share for the same period in 2010.
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MALVERN, Pa., July 26, 2011 /PRNewswire/ -- Liberty Property Trust (NYSE:LRY - News) reported that funds from operations available to common shareholders (diluted) (“FFO”) for the second quarter of 2011 was $0.65 per share, compared to $0.67 per share for the same period in 2010. FFO for the second quarter of 2011 included a $4.2 million, non-cash impairment charge. Excluding this impairment charge, FFO for the second quarter would be $0.69 per share. Funds from operations for the second quarter of 2011 include lease termination fees of $1.6 million.
FFO per share for the six-month period ended June 30, 2011 was $1.30, compared to $1.31 per share for the same period in 2010.
Source www.bizjournals.com and Read Full Article
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