WASHINGTON (dpa-AFX) - Liberty Property Trust (LRY) Tuesday released financial results for the first quarter of 2012 ended 31 March 2012, reporting that funds from operations available to common shareholders or FFO was $81.85 million, higher than $77.01 million reported for the same quarter last year. FFO was $0.68 per share, compared to $0.65 per share for the first quarter of 2011.
Net Income available to common shareholders for the first quarter increased to $37.08 million from $28.91 million in the same quarter last year. Net income per diluted share was $0.32, compared to $0.25 per share reported for the year-ago quarter.
Total operating revenue for the quarter increased marginally to $169.94 million from $166.13 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 $172.56 million for the quarter. Analysts' estimates typically exclude special items.
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