Liberty Property Trust Q1 Profit From Cont. Ops. Rises - Quck Facts

(RTTNews) - Liberty Property Trust (LPT) reported first-quarter income from continuing operations of $26.33 million or $0.17 per share, compared to $24.83 million or $0.19 per share, previous year. Net income to shareholders increased to $71.90 million from $71.24 million. Earnings per share was $0.49, compared to $0.60.

Funds from operations available to shareholders was $87.51 million or $0.58 per share, compared to $80.11 million or $0.65 per share, last year.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.59 for the quarter. Analysts' estimates typically exclude special items. Total operating revenue increased to $197.61 million from $147.13 million. Analysts expected revenue of $197.98 million for the quarter.

Liberty expects to report 2014 funds from operations per share in the range of $2.45-$2.55. Net income per share is expected to be in the range of $1.30 to $1.40. Analysts expect the company to report 2014 earnings of $2.51 per share.