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Strong industrial results lead LPT beat and boost

Published 10/24/2017, 08:22 AM
© Reuters.  Strong industrial results lead LPT beat and boost
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  • Q3 Nareit FFO of $99.2M or $0.66 per share vs. $99.6M and $0.66 one year ago.
  • Same-store operating income up 2.6% Y/Y; for the industrial portfolio it rose 4.3%, for the office portfolio it fell 5.3%.
  • Occupancy of 95.9% up 30 basis points Y/Y; for the industrial portfolio, occupancy of 96.3% rose 40 bps, for the office portfolio 91% was down 50 basis points.
  • Industrial rents up 14.8%, office rents up 12.6%.
  • Full-year Nareit FFO per share outlook boosted to $2.54-$2.57 from $2.49-$2.55.
  • Conference call at 1 ET
  • Previously: Liberty Property Trust beats by $0.03, beats on revenue (Oct. 24)
  • LPT flat premarket
  • Now read: Boston Prop (BXP) Investor Presentation - Slideshow


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