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Liberty Property Profit Falls
Liberty Property Trust(LRY Quote), a real estate investment trust operator, said its third-quarter earnings fell 9.6% from the year-ago period.
The company earned $46.88 million, or 52 cents a share, in the quarter, compared with $51.87 million, or 58 cents a share, a year ago. Income from continuing operations rose 8.71% from a year ago to $36.12 million, or 40 cents a share. Analysts polled by Thomson First Call were expecting earnings of 38 cents a share.
Third-quarter funds from operations rose 4.7% from a year ago to $75.08 million, or 79 cents a share. Analysts were expecting funds from operations of 79 cents a share in the most recent quarter. ...
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