Liberty Property Trust (LRY) reported a fourth quarter net loss of $52.09 million or $0.46 per share, compared to net income of $51.80 million or $0.53 per share in the same period last year.
Loss from continuing operations for the quarter was $57.59 million or $0.54 per share, compared to income of $48.13 million or $0.42 per share in the previous year period.
Funds from operations, or FFO, was negative $16.05 million or $0.14 per share, compared to positive FFO of $80.90 million or $0.80 per share in the prior year period. Excluding impairment charge, FFO for the fourth quarter would be $0.67 per share.
On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter increased to $187.58 million from $184.77 million in the corresponding period last year. Eight analysts had a consensus revenues estimate of $185.46 million for the quarter.
For comments and feedback: editorial@rttnews.com