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LPT $61.95

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Liberty Property Trust
Type
Public company
Traded as NYSE: LPT
S&P 400 component
Industry Real estate investment trust
Founded 1972; 45 years ago (1972)
Headquarters Malvern, Pennsylvania
Key people
William P. Hankowsky, Chairman & CEO
Christopher J. Papa, CFO
Revenue Decrease $0.746 billion (2016)
Net income
Increase $0.366 billion (2016)
Total assets Decrease $5.992 billion (2016)
Total equity Increase $3.003 billion (2016)
Number of employees
301 (2016)
Website www.libertyproperty.com

Liberty Property Trust is a publicly-traded real estate investment trust that invests in office buildings and industrial properties.

As of December 31, 2016, the company owned interests in 450 industrial and 55 office properties totalling 86.0 million square feet.

The company traces its history to Rouse & Associates, which was formed in 1972 by Willard Rouse, George Congdon, David Hammers, and Menard Doswell to develop warehouse space in southern New Jersey.

In 1974, Rouse & Associates purchased the Great Valley Corporate Center (GVCC) in Malvern, Pennsylvania. This property was the first office park to incorporate a graduate college, a business development and training center, and a day care center.

In 1987, Rouse & Associates opened One Liberty Place, the first skyscraper in Philadelphia to be taller than Philadelphia City Hall, and the tallest building in Pennsylvania from 1987-2007.

In 1994, Rouse & Associates changed its name to Liberty Property Trust and became a public company via an initial public offering.

In 1995, the company acquired Lingerfelt Development Corporation in a $125 million transaction.

In 1997, the company acquired 2 portfolios of properties for $130 million.

In 2003, founder and chief executive officer William Rouse died from lung cancer.

In 2013, the company acquired 2100 M St NW in Washington, D.C. for $133.5 million.

In 2014, in a joint venture with Comcast, the company began construction of the Comcast Technology Center, which at 1,142 feet (348 m), will be the tallest building in the Western Hemisphere outside of Manhattan and Chicago and was designed by Norman Foster, Baron Foster of Thames Bank. The company owns a 20% interest in the project, which is expected to cost $932.0 million.

In 2016, the company sold a portfolio of 8 properties for $131.1 million, an 8 building portfolio in Herndon, Virginia for $97 million, and a portfolio of 108 properties for $969 million.

In 2017, the company sold vacant land for $10.32 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2019 2020-02-03 0.00 0.00
Q3 2019 2019-10-29 0.66 0.39
Q2 2019 2019-07-30 0.67 0.35
Q1 2019 2019-04-30 0.37 0.27
Q4 2018 2019-02-05 1.14 0.38
Q3 2018 2018-10-23 1.01 0.29

Ratings

2016-07-07 Boost Price Target Citigroup Inc. Neutral $34.00 to $41.00
2016-04-28 Reiterated Rating BMO Capital Markets Hold
2016-04-27 Upgrade Stifel Nicolaus Sell to Hold
2016-02-11 Reiterated Rating Oppenheimer Market Perform
2016-02-11 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2016-01-12 Downgrade Cowen and Company Outperform to Market Perform $36.00 to $33.00
2016-01-07 Lower Price Target SunTrust $40.00 to $35.00
2016-01-07 Lower Price Target SunTrust Banks Inc. $40.00 to $35.00
2015-12-16 Downgrade Stifel Nicolaus Hold to Sell
2015-12-14 Initiated Coverage Goldman Sachs Neutral $32.00
2015-12-14 Initiated Coverage Goldman Sachs Group Inc. Neutral $32.00
2015-12-07 Reiterated Rating Oppenheimer Hold
2015-12-02 Downgrade Capital One Financial Corp. Overweight to Equal Weight
2015-10-28 Downgrade Morgan Stanley Overweight to Equal Weight $35.00
2015-07-29 Reiterated Rating Oppenheimer Market Perform
2015-02-13 Boost Price Target JPMorgan Chase & Co. Neutral $38.00 to $41.00
2014-09-11 Reiterated Rating Morgan Stanley Overweight $41.00
2014-09-02 Initiated Coverage Capital One Financial Corp. Overweight $38.00
2014-08-22 Downgrade BMO Capital Markets Outperform to Market Perform $40.00 to $36.00
2014-07-25 Downgrade Oppenheimer Outperform to Market Perform $42.00
2014-07-23 Downgrade Wells Fargo & Co. Outperform to Market Perform
2014-07-23 Downgrade Wells Fargo Outperform to Market Perform
2014-06-19 Reiterated Rating Citigroup Inc. Neutral $36.00 to $38.50
2014-06-16 Reiterated Rating Morgan Stanley Overweight $42.00
2014-05-06 Downgrade Stifel Nicolaus Buy to Hold $40.00
2014-04-23 Boost Price Target JPMorgan Chase & Co. Neutral $37.00 to $39.00
2014-04-09 Boost Price Target Stifel Nicolaus Buy $36.00 to $40.00
2014-04-04 Initiated Coverage Morgan Stanley Overweight $42.00
2014-01-06 Initiated Coverage Oppenheimer Outperform
2014-01-02 Upgrade BMO Capital Markets Market Perform to Outperform
2013-12-17 Upgrade Stifel Nicolaus Hold to Buy $36.00
2013-12-03 Upgrade Wells Fargo & Co. Market Perform to Outperform
2013-12-03 Upgrade Wells Fargo Market Perform to Outperform
2013-11-20 Reiterated Rating Citigroup Inc. Neutral $40.00 to $36.00
2016-07-07 Boost Price Target Citigroup Inc. Neutral $34.00 to $41.00
2016-04-28 Reiterated Rating BMO Capital Markets Hold
2016-04-27 Upgrade Stifel Nicolaus Sell to Hold
2016-02-11 Reiterated Rating Oppenheimer Market Perform
2016-02-11 Reiterated Rating Oppenheimer Holdings Inc. Market Perform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
HANKOWSKY WILLIAM P Chairman, President & CEO 0.24%  (356671) CFG / LPT / WTR /
FENZA ROBERT E Exec. VP, COO 0.17%  (258993) LPT /
ALBURGER GEORGE J JR Exec. VP, CFO 0.17%  (246415) LPT / PEI /
Hagan Michael T Chief Investment Officer 0.11%  (161615) LPT /
Morrissey Mary Beth SVP & Chief Accounting Officer 0.05%  (72238) LPT /
BUCHHOLZ FREDERICK F 0.04%  (59044) LPT /
DELOACH THOMAS C JR 0.04%  (58882) ABG / LPT /
LINGERFELT DAVID L 0.04%  (53115) LPT /
Fala Herman C General Counsel 0.03%  (51595) LPT /
LACHMAN M LEANNE 0.03%  (47570) LNC / LPT /
BOWES JAMES J Secretary & Gen. Counsel 0.02%  (32466) LPT /
STEINOUR STEPHEN D 0.02%  (27941) EXC / HBAN / LPT /
PAPA CHRISTOPHER J Exec. Vice President and CFO 0.02%  (22272) LPT / PPS /
GARTON DANIEL P 0.01%  (21681) AAL / LPT / RJET / TGI /
Tomczyk Fredric J 0.01%  (14884) AMTD / LPT /
Dietze Katherine Elizabeth 0.01%  (14420) COWN / LPT / MATW /
Fernandez Antonio F. 0.01%  (9884) LPT / PF /