Intrinsic value of Liberty Property Trust - LPT

Previous Close

$43.49

  Intrinsic Value

$7.79

stock screener

  Rating & Target

str. sell

-82%

Previous close

$43.49

 
Intrinsic value

$7.79

 
Up/down potential

-82%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as LPT.

We calculate the intrinsic value of LPT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  734
  751
  771
  792
  816
  843
  871
  902
  936
  972
  1,010
  1,051
  1,095
  1,141
  1,191
  1,243
  1,298
  1,356
  1,418
  1,483
  1,552
  1,624
  1,701
  1,781
  1,866
  1,955
  2,049
  2,148
  2,252
  2,362
Variable operating expenses, $m
  481
  492
  505
  518
  534
  550
  569
  588
  610
  633
  643
  669
  697
  726
  758
  791
  826
  863
  903
  944
  988
  1,034
  1,083
  1,134
  1,188
  1,245
  1,305
  1,368
  1,434
  1,503
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  481
  492
  505
  518
  534
  550
  569
  588
  610
  633
  643
  669
  697
  726
  758
  791
  826
  863
  903
  944
  988
  1,034
  1,083
  1,134
  1,188
  1,245
  1,305
  1,368
  1,434
  1,503
Operating income, $m
  253
  259
  266
  274
  283
  292
  303
  314
  326
  339
  367
  382
  398
  415
  433
  452
  472
  493
  515
  539
  564
  590
  618
  647
  678
  711
  745
  781
  819
  858
EBITDA, $m
  915
  936
  960
  987
  1,017
  1,050
  1,086
  1,125
  1,166
  1,211
  1,259
  1,310
  1,364
  1,422
  1,484
  1,549
  1,617
  1,690
  1,767
  1,848
  1,934
  2,024
  2,120
  2,220
  2,326
  2,437
  2,554
  2,677
  2,807
  2,943
Interest expense (income), $m
  143
  109
  109
  109
  110
  110
  110
  111
  111
  112
  112
  113
  114
  115
  115
  116
  117
  118
  119
  120
  121
  122
  123
  125
  126
  127
  129
  130
  132
  134
  136
Earnings before tax, $m
  144
  150
  157
  164
  173
  182
  192
  203
  214
  227
  254
  268
  283
  300
  317
  335
  354
  374
  396
  418
  442
  467
  494
  522
  551
  582
  614
  649
  685
  723
Tax expense, $m
  39
  41
  42
  44
  47
  49
  52
  55
  58
  61
  69
  72
  77
  81
  85
  90
  96
  101
  107
  113
  119
  126
  133
  141
  149
  157
  166
  175
  185
  195
Net income, $m
  105
  110
  114
  120
  126
  133
  140
  148
  156
  165
  185
  196
  207
  219
  231
  244
  258
  273
  289
  305
  323
  341
  360
  381
  402
  425
  449
  474
  500
  528

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  -561
  -574
  -589
  -605
  -624
  -644
  -666
  -689
  -715
  -742
  -772
  -803
  -836
  -872
  -909
  -949
  -992
  -1,036
  -1,083
  -1,133
  -1,186
  -1,241
  -1,299
  -1,361
  -1,426
  -1,494
  -1,566
  -1,641
  -1,721
  -1,804
Adjusted assets (=assets-cash), $m
  -561
  -574
  -589
  -605
  -624
  -644
  -666
  -689
  -715
  -742
  -772
  -803
  -836
  -872
  -909
  -949
  -992
  -1,036
  -1,083
  -1,133
  -1,186
  -1,241
  -1,299
  -1,361
  -1,426
  -1,494
  -1,566
  -1,641
  -1,721
  -1,804
Revenue / Adjusted assets
  -1.308
  -1.308
  -1.309
  -1.309
  -1.308
  -1.309
  -1.308
  -1.309
  -1.309
  -1.310
  -1.308
  -1.309
  -1.310
  -1.308
  -1.310
  -1.310
  -1.308
  -1.309
  -1.309
  -1.309
  -1.309
  -1.309
  -1.309
  -1.309
  -1.309
  -1.309
  -1.308
  -1.309
  -1.309
  -1.309
Average production assets, $m
  6,483
  6,632
  6,803
  6,994
  7,206
  7,439
  7,692
  7,966
  8,262
  8,579
  8,918
  9,280
  9,666
  10,075
  10,510
  10,970
  11,458
  11,973
  12,518
  13,093
  13,700
  14,340
  15,015
  15,726
  16,474
  17,263
  18,092
  18,965
  19,884
  20,850
Working capital, $m
  -3,350
  -3,427
  -3,515
  -3,614
  -3,724
  -3,844
  -3,975
  -4,117
  -4,269
  -4,433
  -4,609
  -4,796
  -4,995
  -5,206
  -5,431
  -5,669
  -5,921
  -6,187
  -6,469
  -6,766
  -7,080
  -7,411
  -7,759
  -8,127
  -8,513
  -8,921
  -9,349
  -9,801
  -10,275
  -10,775
Total debt, $m
  327
  328
  329
  330
  331
  333
  334
  336
  338
  340
  342
  344
  346
  349
  351
  354
  357
  360
  363
  367
  370
  374
  378
  382
  387
  392
  396
  402
  407
  413
Total liabilities, $m
  39
  40
  41
  42
  43
  44
  46
  48
  49
  51
  53
  55
  58
  60
  63
  66
  68
  71
  75
  78
  82
  86
  90
  94
  98
  103
  108
  113
  119
  124
Total equity, $m
  -600
  -614
  -629
  -647
  -667
  -688
  -712
  -737
  -764
  -794
  -825
  -858
  -894
  -932
  -972
  -1,015
  -1,060
  -1,108
  -1,158
  -1,211
  -1,267
  -1,327
  -1,389
  -1,455
  -1,524
  -1,597
  -1,674
  -1,754
  -1,839
  -1,929
Total liabilities and equity, $m
  -561
  -574
  -588
  -605
  -624
  -644
  -666
  -689
  -715
  -743
  -772
  -803
  -836
  -872
  -909
  -949
  -992
  -1,037
  -1,083
  -1,133
  -1,185
  -1,241
  -1,299
  -1,361
  -1,426
  -1,494
  -1,566
  -1,641
  -1,720
  -1,805
Debt-to-equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Adjusted equity ratio
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069
  1.069

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  105
  110
  114
  120
  126
  133
  140
  148
  156
  165
  185
  196
  207
  219
  231
  244
  258
  273
  289
  305
  323
  341
  360
  381
  402
  425
  449
  474
  500
  528
Depreciation, amort., depletion, $m
  662
  677
  694
  713
  735
  758
  783
  811
  840
  872
  892
  928
  967
  1,008
  1,051
  1,097
  1,146
  1,197
  1,252
  1,309
  1,370
  1,434
  1,501
  1,573
  1,647
  1,726
  1,809
  1,897
  1,988
  2,085
Funds from operations, $m
  768
  787
  809
  833
  861
  891
  923
  959
  997
  1,037
  1,077
  1,124
  1,173
  1,226
  1,282
  1,341
  1,404
  1,470
  1,541
  1,615
  1,693
  1,775
  1,862
  1,953
  2,050
  2,151
  2,258
  2,370
  2,488
  2,613
Change in working capital, $m
  -66
  -77
  -88
  -99
  -110
  -120
  -131
  -142
  -153
  -164
  -175
  -187
  -199
  -212
  -225
  -238
  -252
  -266
  -282
  -297
  -314
  -331
  -349
  -367
  -387
  -407
  -429
  -451
  -475
  -499
Cash from operations, $m
  833
  864
  897
  932
  970
  1,011
  1,054
  1,100
  1,149
  1,201
  1,253
  1,311
  1,373
  1,438
  1,507
  1,579
  1,656
  1,737
  1,822
  1,912
  2,006
  2,106
  2,210
  2,321
  2,436
  2,558
  2,687
  2,821
  2,963
  3,112
Maintenance CAPEX, $m
  -635
  -648
  -663
  -680
  -699
  -721
  -744
  -769
  -797
  -826
  -858
  -892
  -928
  -967
  -1,008
  -1,051
  -1,097
  -1,146
  -1,197
  -1,252
  -1,309
  -1,370
  -1,434
  -1,501
  -1,573
  -1,647
  -1,726
  -1,809
  -1,897
  -1,988
New CAPEX, $m
  -129
  -149
  -170
  -191
  -212
  -233
  -253
  -274
  -295
  -317
  -339
  -362
  -385
  -410
  -435
  -461
  -488
  -516
  -545
  -575
  -607
  -640
  -675
  -711
  -749
  -788
  -830
  -873
  -918
  -966
Cash from investing activities, $m
  -764
  -797
  -833
  -871
  -911
  -954
  -997
  -1,043
  -1,092
  -1,143
  -1,197
  -1,254
  -1,313
  -1,377
  -1,443
  -1,512
  -1,585
  -1,662
  -1,742
  -1,827
  -1,916
  -2,010
  -2,109
  -2,212
  -2,322
  -2,435
  -2,556
  -2,682
  -2,815
  -2,954
Free cash flow, $m
  69
  66
  63
  61
  59
  58
  57
  57
  57
  58
  55
  57
  59
  62
  65
  68
  71
  76
  80
  85
  90
  96
  102
  108
  115
  123
  131
  139
  148
  157
Issuance/(repayment) of debt, $m
  1
  1
  1
  1
  1
  1
  2
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  5
  5
  5
  5
  6
Issuance/(repurchase) of shares, $m
  -12
  -14
  -16
  -18
  -20
  -22
  -23
  -25
  -27
  -29
  -31
  -33
  -36
  -38
  -40
  -43
  -45
  -48
  -50
  -53
  -56
  -59
  -62
  -66
  -69
  -73
  -77
  -81
  -85
  -89
Cash from financing (excl. dividends), $m  
  -11
  -13
  -15
  -17
  -19
  -21
  -21
  -23
  -25
  -27
  -29
  -31
  -34
  -36
  -37
  -40
  -42
  -45
  -47
  -50
  -52
  -55
  -58
  -62
  -65
  -68
  -72
  -76
  -80
  -83
Total cash flow (excl. dividends), $m
  58
  54
  48
  44
  40
  37
  35
  33
  32
  31
  26
  26
  26
  26
  27
  28
  29
  31
  33
  35
  38
  40
  43
  47
  50
  54
  59
  63
  68
  74
Retained Cash Flow (-), $m
  12
  14
  16
  18
  20
  22
  23
  25
  27
  29
  31
  33
  36
  38
  40
  43
  45
  48
  50
  53
  56
  59
  62
  66
  69
  73
  77
  81
  85
  89
Prev. year cash balance distribution, $m
  588
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  14
  15
  15
  15
  16
  16
  17
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  30
  31
  32
  34
  36
  37
  39
  41
  43
  45
Cash available for distribution, $m
  658
  67
  64
  62
  60
  59
  58
  58
  59
  60
  57
  59
  62
  64
  67
  71
  74
  79
  83
  88
  94
  100
  106
  113
  120
  127
  136
  144
  153
  163
Discount rate, %
  5.60
  5.88
  6.17
  6.48
  6.81
  7.15
  7.50
  7.88
  8.27
  8.69
  9.12
  9.58
  10.06
  10.56
  11.09
  11.64
  12.22
  12.84
  13.48
  14.15
  14.86
  15.60
  16.38
  17.20
  18.06
  18.96
  19.91
  20.91
  21.95
  23.05
PV of cash for distribution, $m
  623
  60
  54
  48
  43
  39
  35
  32
  29
  26
  22
  20
  18
  16
  14
  12
  10
  9
  8
  6
  5
  4
  3
  2
  2
  1
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust's assets are owned directly or indirectly, and substantially all of the Trust's operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership). The Company's segments include Carolinas/Richmond; Chicago/Milwaukee; Florida; Houston; Lehigh/Central PA; Minnesota; Philadelphia; Southeastern PA; United Kingdom, and Other, which includes Arizona; Atlanta; Cincinnati/Columbus/Indianapolis; Dallas; DC Metro; New Jersey; Southern California, and other. The Company owns and operates industrial properties nationally and owns and operates office properties in a focused group of office markets. Additionally, the Company owns certain assets in the United Kingdom. As of December 31, 2016, the Company owned and operated 450 industrial and 55 office properties totaling 86.0 million square feet.

FINANCIAL RATIOS  of  Liberty Property Trust (LPT)

Valuation Ratios
P/E Ratio 17.9
Price to Sales 8.6
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 19.2
Price to Free Cash Flow -34.9
Growth Rates
Sales Growth Rate -7.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -6.4%
Cap. Spend. - 3 Yr. Gr. Rate -21.2%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 85.1%
Total Debt to Equity 85.1%
Interest Coverage 3
Management Effectiveness
Return On Assets 8%
Ret/ On Assets - 3 Yr. Avg. 6.5%
Return On Total Capital 6.1%
Ret/ On T. Cap. - 3 Yr. Avg. 4.5%
Return On Equity 11.9%
Return On Equity - 3 Yr. Avg. 9%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 71.2%
Gross Margin - 3 Yr. Avg. 70.5%
EBITDA Margin 93.3%
EBITDA Margin - 3 Yr. Avg. 80.8%
Operating Margin 30.5%
Oper. Margin - 3 Yr. Avg. 31.6%
Pre-Tax Margin 46.3%
Pre-Tax Margin - 3 Yr. Avg. 32.6%
Net Profit Margin 47.8%
Net Profit Margin - 3 Yr. Avg. 34.9%
Effective Tax Rate 0.6%
Eff/ Tax Rate - 3 Yr. Avg. 0.9%
Payout Ratio 78.2%

LPT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LPT stock intrinsic value calculation we used $720 million for the last fiscal year's total revenue generated by Liberty Property Trust. The default revenue input number comes from 2017 income statement of Liberty Property Trust. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our LPT stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.6%, whose default value for LPT is calculated based on our internal credit rating of Liberty Property Trust, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Liberty Property Trust.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of LPT stock the variable cost ratio is equal to 65.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for LPT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 33.3% for Liberty Property Trust.

Corporate tax rate of 27% is the nominal tax rate for Liberty Property Trust. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the LPT stock is equal to 2%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for LPT are equal to 882.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Liberty Property Trust operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for LPT is equal to -456.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for Liberty Property Trust - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 147 million for Liberty Property Trust is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Liberty Property Trust at the current share price and the inputted number of shares is $6.4 billion.

RELATED COMPANIES Price Int.Val. Rating
CMCSA Comcast Cl A 34.30 45.20  buy
WRE Washington Rea 30.13 53.31  str.buy
DRE Duke Realty 28.00 2.25  str.sell
EGP EastGroup Prop 92.67 29.20  str.sell
STAG STAG Industria 26.96 678.60  str.buy
FR First Industri 31.83 255.29  str.buy
COR CoreSite Realt 112.81 2,751.83  str.buy
PLD Prologis 62.44 7.30  str.sell

COMPANY NEWS

▶ Liberty Property to sell portfolio leased to Vanguard   [Jun-27-18 10:16AM  American City Business Journals]
▶ Liberty Property Trust Moves to Yardi Voyager Platform   [Jun-18-18 08:00AM  PR Newswire]
▶ Grocers Supply distribution facility breaks ground in north Houston   [Jun-13-18 03:50PM  American City Business Journals]
▶ Packaging company signs on at Shopton Ridge   [May-30-18 02:29PM  American City Business Journals]
▶ Fort Lauderdale sells property to developer for $14M   [May-23-18 06:18AM  American City Business Journals]
▶ Liberty Property sells GSK's Navy Yard HQ for $130M   [10:34AM  American City Business Journals]
▶ Liberty CEO says $67M in overruns at Comcast tower lack 'sufficient support'   [May-01-18 02:24PM  American City Business Journals]
▶ Liberty Property Trust to Host Earnings Call   [Apr-24-18 09:00AM  ACCESSWIRE]
▶ Liberty facing $67M in extra costs on Comcast tower   [Apr-18-18 02:45PM  American City Business Journals]
▶ Liberty Property Vends Suburban Offices   [Mar-19-18 03:47PM  Zacks]
▶ Liberty Property Trust to Host Earnings Call   [Feb-06-18 10:00AM  ACCESSWIRE]
▶ Liberty Property reports 4Q results   [08:09AM  Associated Press]
▶ Liberty Property Trust to Host Earnings Call   [Oct-24-17 09:00AM  ACCESSWIRE]
▶ Liberty Property reports 3Q results   [08:05AM  Associated Press]
▶ Liberty Property Trust Provides Update on Houston Operation   [Aug-31-17 01:20PM  GlobeNewswire]
▶ Liberty Property reports 2Q results   [Jul-25-17 09:57PM  Associated Press]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.