Liberty Property Trust Issues FFO Guidance - Quick Facts

(RTTNews) - Liberty Property Trust (LPT) reported that it expects funds from operations per share to be in the range of $2.45- $2.47 for 2014 and of $2.55 - $2.65 for 2015. The company noted that its FFO for the fourth quarter of 2014 includes approximately $2 million from a gain on land sales in the United Kingdom previously expected to occur in 2015.

Analysts polled by Thomson Reuters expect the company to report 2014 earnings per share of $2.45. Analysts' estimates typically exclude special items. Analysts expect the company to report 2015 earnings per share of $2.61.

Liberty's CEO Bill Hankowsky said: "With industrial markets remaining strong, we expect our industrial platform to provide the basis for solid FFO growth from expected increases in occupancy and rents in 2015. We intend to continue to enhance our industrial focus through development, limited acquisition activity, and the continued sale of suburban office properties."