WASHINGTON (dpa-AFX) - Liberty Property Trust (LRY) reported that its fourth-quarter funds from operations available to common shareholders or FFO was $75.54 million, down from $77.01 million in the prior year quarter. FFO was $0.63 per share, compared to $0.65 per share for the fourth quarter of 2010. Funds from operations for the fourth quarter of 2011 include termination fees of $0.7 million.
Net Income available to common shareholders for the quarter increased to $34.79 million, from $30.12 million in the same quarter last year. Net income per share was $0.30 per share, compared to $0.26 per share last year.
Total operating revenue for the quarter rose to $169.80 million from $164.53 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.63 per share on revenues of $175.90 million for the quarter. Analysts' estimates typically exclude special items.
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