LIBERTY PROPERTY TRUST
Sector: Indices SP 400
Latest Quote @ Wed Jun 6 03:13:50 (15 min delayed)
Last Day's Data
Liberty Property Trust operates as a real estate investment trust (REIT). It provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. The trust's industrial properties consist of various warehouse, distribution, service, assembly, light manufacturing, and research and development facilities. As of June 30, 2005, Liberty Property Trust has an ownership interest in and operated 444 industrial and 287 office properties located primarily in the Mid-Atlantic, and southeastern and midwestern United States totaling 63.1 million square feet. In addition, at the above date, it had 25 properties under development, and owned 1,607 acres of land. Liberty Property Trust has elected to be taxed as a REIT for federal income tax purposes. As a REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. Liberty Property Trust has a partnership with Doughty Hanson &amp; Co. Real Estate. The trust was founded in 1972 and is headquartered in Malvern, Pennsylvania.