Liberty Property Trust Q3 FFO Rises - Quick Facts

(RTTNews) - Liberty Property Trust (LPT) reported that its third-quarter funds from operations available to common shareholders rose to $96.68 million from $79.21 million in the same quarter last year. Funds from operations available to common shareholders for the third quarter were $0.64 per share, compared to $0.57 per share for the third quarter of 2013. Analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share for the quarter. Analysts' estimates typically exclude special items.

Net Income available to common shareholders was $34.42 million, up from $28.70 million in the previous year. Net income per share was $0.23, compared to $0.21 last year.

Total operating revenue for the quarter rose to $198.36 million from $155.35 million in the prior year. Wall Street analysts had a consensus revenue estimate of $201.10 million for the quarter.

As previously stated, Liberty expects to report the fourth quarter 2014 funds from operations per share in the range of $0.63 - $0.66. Analysts project fourth-quarter earnings of $0.64 per share. Net income per share is expected to be in the range of $0.56 - $0.57 for the fourth-quarter.