Earnings Preview: Liberty Property Trust

Oct.20.08 | About: Liberty Property (LPT)

Liberty Property Trust (LRY) is expected to report Q3 earnings Monday Oct. 20 after market open, with a conference call scheduled for Tuesday Oct. 21 at  1 pm ET.


Analysts are looking for EPS of 79c on revenue of $187.91M. The consensus range for EPS is 76c to 81c, while the consensus range for revenue is $184.09M to $191.84M, according to First Call.

Analyst Views

The REIT announced earlier this month that it had issued 4.75M common shares at a price of $33 per share. The company is expected to raise $149.7M to $172.2M from the offering. Liberty investors will try to determine if the REIT still needs to raise additional capital following the recent share offering.

On September 22, Fitch affirmed its BBB+ issuer default rating for Liberty Property.

The REIT announced a quarterly dividend of 62.5c per share on September 17.