Liberty Property Trust

Liberty Property Trust

Liberty Property Trust

Overview
Date Founded

1972

Headquarters

500 Chesterfield Parkway,Malvern, PA 19355

Type of Company

Public

Employees (Worldwide)

295

Industries

Real Estate
Real Estate Investment Trusts
Trusts & Funds

Company Description

Liberty Property Trust (NYSE:LRY) is a $6.9 billion real estate investment trust which owns 77.8 million square feet of office and industrial space in more than 21 markets throughout the United States and the United Kingdom (as of Sep. 30, 2012). Founded in 1972 and headquartered outside of Philadelphia, Liberty develops, acquires, leases and manages properties with the mission to enhance people's lives through extraordinary work environments. As an extension of this promise, Liberty is one of the nation's leading developers of high-performance green buildings. Liberty's more than 700 office and industrial properties offer exceptional locations, flexible design, thoughtful amenities, cost efficient operations and state-of-the-art technology to the company's 2,300 tenants. Liberty continuously increases the value of its portfolio through expert management, marketing and development

Contact Data
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Executives & Employees

President, Chief Executive Officer & Chairman of the Board

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Investment Officer

Secretary, General Counsel

Chief Information Officer & Senior Vice President

Senior Vice President, Chief Accounting Officer

Director of Sustainability

Senior Vice President, Regional Director, Indianapolis

Senior Vice President, Regional Director, Philadelphia

Senior Vice President, Regional Director, Baltimore-Washington, DC

Board of Directors

President, Chief Executive Officer & Chairman of the Board at Liberty Property Trust

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Owners & Shareholders
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CenterSquare Investment Management provides advisory services to client investments in diversified portfolios of (1) publicly traded real estate equity securities and (2) publicly traded infrastructure equity securities.CenterSquare invests client assets in publicly traded securities of real estate companies including listed REITs and listed REOCs whose principal business is the ownership, management and/or development of income producing and for-sale real estate. The equity securities include common and preferred stocks. The firm's primary real estate investment objective is total return, consisting of dividends and capital appreciation. Their three main strategies include investment in (1) US real estate securities, (2) Global real estate securities and (3) Global Ex-US real estate securities. The Global and Ex-US real estate securities strategies primarily invest in developed markets of Europe, Australia, Asia and North America (including the US). Emerging market countries may be considered subject to any client investment guideline restrictions.The firm also invests client assets in publicly traded equity securities of infrastructure businesses. These equity securities include common stocks, preferred stocks, and MLPs. The infrastructure businesses may be involved in the management, ownership, operation, construction, development, renovation or financing of a broad range of infrastructure assets. Their main infrastructure strategy is Global Infrastructure with investment in equity securities of infrastructure companies with principal places of business located primarily in the developed markets of Europe, Australia, Asia and North America (including the US). Emerging market countries may be considered subject to any client investment guideline restrictions.CenterSquare's primary private investment strategy focuses primarily on the US private equity real estate market, with investments in value-added and core/core-plus real estate.

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City National Rochdale (CNR) utilizes a variety of methods and strategies to make investment decisions, including an evaluation of investment opportunities using fundamental, technical, quantitative, and qualitative analyses to determine the intrinsic value of securities and other types of instruments. The firm employs a broad range of strategies which may be constructed as a separately managed account using individual securities, or by using proprietary, affiliated or non-proprietary pooled investment funds. CNR's Galaxy strategy uses a proprietary modeling system to design asset allocation models specific to each client's risk return requirements. Asset allocation decisions are unique to each client. The firm uses a variety of financial instruments such as derivatives and options for to hedge against risk. CNR uses employs a Monte Carlo analysis to approximate the probability of certain outcomes by running multiple trial runs, called simulations, using random variables on several different allocation profiles. CNR offers a broad range of equity investment strategies, including: Equity, Core US Equities, US Select Core, Mid-Cap, High Dividend and Income, Small-Cap, and Emerging Markets. Client accounts can be structured to achieve the desired blend of exposure to geographies, both domestic and international and investment style, both growth and income. CNR also offers an array of fixed income strategies, including: Liquidity Management, Tax-Free Intermediate Fixed Income, Tax-Free Intermediate Long, Taxable Intermediate Fixed Income, Tax-Free Liquidity Management, Taxable Liquidity Management, Tax-Free Short Intermediate Fixed Income, Taxable Short Intermediate Fixed Income, Municipal High Income, and Opportunistic Fixed Income. CNR may use individual stock options to manage concentrated stock positions in a client portfolio. They may also use a covered call option strategy to manage concentrated stock positions and to potentially generate premium income for the client. Long put options may be used to limit the potential decline of an individual stock held in a client portfolio. In addition, CNR uses a variety of financial instruments such as derivatives and options for risk management purposes.

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Security Capital Research & Management focuses exclusively on investments in publicly traded real estate securities. The firm employs a bottom-up investment process combining active fieldwork, interaction with real estate company management, scrutiny of public filings, and detailed cash flow analysis. Security Capital’s primary valuation tool is a five-year discounted cash flow model tailored to each company and the properties owned by that company. The firm invests through the open market purchase of real estate securities and through the negotiation and structuring of convertible preferred private placements. They offer investment strategies broadly categorized as index relative, income, core and dynamic. Security Capital Growth & Income is an actively managed, diversified portfolio of real estate common equity securities designed for long-term investors seeking current income and capital appreciation. Securities from major real estate property sectors are included in the portfolio. Security Capital Liquid Core blends exchange-listed securities from all capital tranches issued by real estate companies, tailored to a range of investor risk-adjusted return objectives.

Recent Transactions
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Liberty Property Trust purchases Cabot Industrial Value Fund III Operating Partnership LP from Cabot Properties, Inc.

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Liberty Property Trust issued Common Stock

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purchases Liberty Property Trust

Insider Transactions
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Transaction Advisors
Auditor

Advised onLiberty Property Trust issued Common Stock

Legal Advisor

Advised onLiberty Property Trust issued Common Stock

Legal Advisor

Advised onLiberty Property Trust issued Common Stock

Legal Advisor

Advised onLiberty Property Trust purchases Cabot Industrial Value Fund III Operating Partnership LP from Cabot Properties, Inc.

Underwriter

Advised onLiberty Property Trust issued Common Stock

Escrow Agent

Advised onLiberty Property Trust purchases Cabot Industrial Value Fund III Operating Partnership LP from Cabot Properties, Inc.

Advisors & Consultants
Advisor

Former Chief Financial Officer at Liberty Property Trust

Advisor

Former Chief Operating Officer & Executive Vice President at Liberty Property Trust

Legal Advisor

Partner at Reed Smith LLP

Clients

Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Key Stats and Financials As of 2017
Market Capitalization
$6.47B
Total Enterprise Value
$9.3B
Earnings Per Share
$1.81
Revenue
$721M
Net Profit
$268M
EBITDA
$425M
EBITDAMargin
59.04%
Total Debt
$2.91B
Total Equity
$3.16B
Debt TEV
0.31x
Enterprise Value EBITDAOperating
21.85x
Enterprise Value Sales
12.9x
TEVNet Income
34.73x
Three Year Compounded Annual Growth Rate Of Revenue
-3.07%
Five Year Compounded Annual Growth Rate Of Revenue
1%
Non-Profit Donations & Grants
$5,000 - $10K
2017
$2,500 - $4,999
2014
$1,000 - $2,499
2013