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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.