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REIT Comments |
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07/27/2010
LRY $32
Liberty Property Trust LRY traded UP $0.76 per share in midday trading to UP +2% day
LRY traded in line with Industrial REITs, DOWN (1%) year to date for 2010
LRY comments on 2Q 2010 investor call indicate more caution and lower confidence evident among customers for industrial space over last 30-45 days
LRY now less optimistic over speed of recovery
LRY market for industrial space "bouncing along the bottom"
LRY sees signal of clear improvement in positive absorption of office space, for first time since 2008
LRY an Industrial REIT with a diverse portfolio of industrial, distribution and office space in US and UK
LRY we rank 3 HOLD
LRY market cap $3.5 billion
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