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LIBERTY PROPERTY TRUST

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Nov 6, 2019. Its latest SEC filing is a 15-12B from Feb 14, 2020.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Develops, leases and manages industrial properties for business tenants in the United States and United Kingdom.

Who Were Their Customers?

Businesses lease the company's industrial and office properties; Liberty's in-house staff handle leasing and property management, and it sometimes uses outside property managers and leasing agents.

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Sep 30, 2019
Revenue
▲ +1%
vs $161.3M in Q3 FY2018
Net income
▼ −33%
vs $154.1M in Q3 FY2018
  • Feb 4, 2020 Prologis completed its merger with Liberty Liberty shareholders received 0.675 Prologis share for each Liberty share.
  • Oct 28, 2019 Liberty stopped providing earnings guidance The company said it would no longer provide guidance following the proposed merger.
  • Oct 28, 2019 Liberty agreed to be acquired by Prologis Liberty shareholders were to receive 0.675 Prologis share for each Liberty share.

Shift toward industrial properties The company has shifted from offering industrial and office properties to focusing on its industrial platform, while planning to sell its remaining offices other than its headquarters.

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