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22

Liberty Exiting Non-Core Suburban Office

By Tony Seruga

It’s always a full house at RealShare Philadelphia. The Union League, February 9.

MALVERN, PA—Liberty Property Trust will reposition its portfolio through planned sales of approximately 8.5 million square feet of suburban office properties. Liberty CEO Bill Hankowsky says the REIT expects this sale strategy to enable it to report funds from operations for 2016 in the range of $2.35-$2.55, with timing of the sales contributing to the wider range.The company reaffirmed its previously announced expectation to report FFO per share for 2015 in the range of $2.66-$2.69…

Liberty Exiting Non-Core Suburban Office

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