Liberty Property Trust (LRY) reported that its third-quarter net income available to common shareholders was $43.90 million or $0.39 per share, compared to $38.55 million or $0.41 per share in the year ago quarter. Funds from operations available to common shareholders for the third quarter was $0.72 per share, compared to $0.80 per share for the third quarter of 2008.
Total operating revenues for the quarter rose to $187.49 million, from $182.43 million in the year ago-quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.70 per share on revenues of $185.59 million for the quarter. Analysts' estimates typically exclude special items.
For 2009, Liberty now expects to report funds from operations to be in the range of $2.81 - $2.83 per share. Net income is now expected to be in the range of $1.32 - $1.37 per share. Analysts expect the company to report earnings of $2.83 per share for fiscal 2009.
While announcing the first-quarter result, the company had slashed its forecast for FFO to a range of $2.70 - $2.90 per share from the prior guidance of $3.00 to $3.20 per share. Earnings were anticipated between $0.84 and $1.04 per share, down from the earlier range of $1.24 to $1.44 per share.
For 2010, the company expects funds from operations to be in the range of $2.60 - $2.80 per share. Net income is expected to be in the range of $1.12- $1.33 per share. Analysts expect the company to report earnings of $2.69 per share for fiscal 2010.
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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.