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Liberty Property (LPT) Rides on Growing Industrial Market
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We updated our research report on Liberty Property Trust on May 19.
This Malvern, PA-based real estate investment trust (REIT) is engaged in leasing, property management, development, construction management, design management and related services for a portfolio of industrial and office properties. In first-quarter 2017, the company reported funds from operations (FFO) of 60 cents per share, surpassing the Zacks Consensus Estimate of 58 cents.
In the last 30 days, the company’s full-year 2017 FFO per share estimates moved up. In fact, the fundamentals of the industrial market is strong, backed by growing demand for industrial properties amid manageable supply, which has led to strong rent growth, increased occupancy and development opportunities. Therefore, given its premium quality industrial portfolio located in upscale locations, pro-business environment and continued e-commerce demand, Liberty Property is poised to gain.
The company is enhancing its portfolio mix through continued divestitures of office properties. However, the near-term dilution effect of such moves on earnings is unavoidable. Also, operational risks associated with huge construction pipeline and rise in interest rates are concerns before Liberty Property.
Shares of Liberty Property outperformed the Zacks categorized REIT and Equity Trust - Other industry in the last three months. Shares of the company increased 4.8%, whereas the industry lost 0.1%.
Currently, Liberty Property carries a Zacks Rank #3 (Hold).
In the last 30 days, Easterly Government Properties’ FFO per share for second-quarter 2017 remained unchanged at 31 cents.
In the last 30 days, Gaming and Leisure Properties’ FFO per share for second-quarter 2017 increased 1.3% to 77 cents.
In the last 30 days, DiamondRock Hospitality Company’ FFO per share for second-quarter 2017 remained unchanged at 31 cents.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
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Liberty Property (LPT) Rides on Growing Industrial Market
We updated our research report on Liberty Property Trust on May 19.
This Malvern, PA-based real estate investment trust (REIT) is engaged in leasing, property management, development, construction management, design management and related services for a portfolio of industrial and office properties. In first-quarter 2017, the company reported funds from operations (FFO) of 60 cents per share, surpassing the Zacks Consensus Estimate of 58 cents.
In the last 30 days, the company’s full-year 2017 FFO per share estimates moved up. In fact, the fundamentals of the industrial market is strong, backed by growing demand for industrial properties amid manageable supply, which has led to strong rent growth, increased occupancy and development opportunities. Therefore, given its premium quality industrial portfolio located in upscale locations, pro-business environment and continued e-commerce demand, Liberty Property is poised to gain.
The company is enhancing its portfolio mix through continued divestitures of office properties. However, the near-term dilution effect of such moves on earnings is unavoidable. Also, operational risks associated with huge construction pipeline and rise in interest rates are concerns before Liberty Property.
Shares of Liberty Property outperformed the Zacks categorized REIT and Equity Trust - Other industry in the last three months. Shares of the company increased 4.8%, whereas the industry lost 0.1%.
Currently, Liberty Property carries a Zacks Rank #3 (Hold).
Investors interested in the REIT space, may consider stocks like Easterly Government Properties, Inc. (DEA - Free Report) , Gaming and Leisure Properties, Inc. (GLPI - Free Report) and DiamondRock Hospitality Company (DRH - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last 30 days, Easterly Government Properties’ FFO per share for second-quarter 2017 remained unchanged at 31 cents.
In the last 30 days, Gaming and Leisure Properties’ FFO per share for second-quarter 2017 increased 1.3% to 77 cents.
In the last 30 days, DiamondRock Hospitality Company’ FFO per share for second-quarter 2017 remained unchanged at 31 cents.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>