Liberty Property Trust Q2 FFO Rises - Quick Facts

(RTTNews) - Liberty Property Trust (LRY) reported that its second-quarter funds from operations available to common shareholders was $81.78 million or $0.66 per share, up from $76.19 million or $0.63 per share in the year ago quarter.

Funds from operations for the second quarter of 2013 include termination fees of $777,000. Second quarter results also include $2.3 million of acquisition-related expenses and the write-off of $1.2 million of preferred unit origination costs.

Net income available to common shareholders for the quarter grew to $40.11 million or $0.33 per share from $34.11 million or $0.29 per share in the year ago quarter.

Total operating revenue for the quarter rose to $178.10 million from $164.49 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share and revenues of $176.52 million for the quarter. Analysts' estimates typically exclude special items.