Liberty Property Trust (LRY) reported that its first-quarter profit to shareholders increased to $71.24 million from $37.09 million last year. Net income per share was $0.60, compared to $0.32 prior year. Income from continuing operations decreased to $32.06 million or $0.25 per share, from $34.22 million or $0.28 per share, last year.
Funds from operations available to common shareholders was $0.65 per share, compared to $0.68 prior year. Total operating revenue increased to $176.57 million from $166.94 million last year.
On average, eight analysts polled by Thomson Reuters expected the company to report profit of $0.63 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $175.93 million for the quarter.
For comments and feedback: editorial@rttnews.com