MALVERN, PA—Liberty Property Trust says funds from operations available to common shareholders for the second quarter of 2015 rose 13.6 percent, to $0.67 per share, from $0.59 per share for the second quarter of 2014. FFO per share for the six months ended June 30, 2015 was $1.37, compared to $1.17 for the same period in 2014.
Net income per common share (diluted) was up 20 percent, to $0.24 per share for the quarter ended June 30, 2015, vs. $0.20 per share for the quarter ended June 30, 2014. Net income for the six months ended June 30, 2015 was $0.45, compared to $0.69 for the same period in 2014. Net income for the 2015 six month period reflects gain on sale of $0.02 per share, compared with $0.33 per share for the same period in 2014.
“We are very pleased with the continued strength of the core portfolio, evidenced by rent and occupancy growth in our industrial and class A office product,” says Bill Hankowsky, chairman and chief executive officer. “We also advanced our strategic dispositions and continue to see excellent development opportunities. Market operating fundamentals should bode well for the remainder of the year.”
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