Liberty Property Trust (LRY) reported that funds from operations available to common shareholders for the second quarter was $76.19 million or $0.63 per share, compared to $82.17 million or $0.69 per share in the same period last year.
On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.63 per share. Analysts' estimates typically exclude special items.
Total operating revenue grew to $169.2 million from $164.43 million a year ago. Analysts expected revenues of $169.93 million.
"Liberty's execution in the second quarter was exceptional on all fronts," said Bill Hankowsky, chairman and chief executive officer. "We took steps to enhance the future profitability of our portfolio through the sale of a significant amount of commodity office space, we leased over five million square feet of space, and we enhanced our already outstanding balance sheet with well-timed capital events."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.