Achieving FFO Growth through Strong Leasing Volumes and Portfolio Diversification - Research Report on Digital Realty, COPT, Highwoods Properties, Mack-Cali, and Liberty Property

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Jul 31, 2013, 08:00 ET

NEW YORK, July 31, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Digital Realty Trust, Inc. (NYSE: DLR), Corporate Office Properties Trust (NYSE: OFC), Highwoods Properties Inc. (NYSE: HIW), Mack-Cali Realty Corp. (NYSE: CLI), and Liberty Property Trust (NYSE: LRY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Digital Realty Trust, Inc. Research Report

On July 26, 2013, Digital Realty Trust, Inc. (Digital Realty) reported its financial results for Q2 2013. The Company reported that its funds from operations (FFO) on a diluted basis increased 5.2% QoQ and 11.9% YoY to $167.8 million or $1.22 per share in Q2 2013. Net income available to common stockholders was $47.1 million, or $0.37 per diluted share, in Q2 2013 compared to net income of $42.0 million, or $0.38 per diluted share, in Q2 2012. Total operating revenues increased 19.7% YoY to $363.5 million. Michael F. Foust, CEO of Digital Realty, said, "Our leasing volume and pipeline remain robust despite some lease agreements that we expected to sign in the second quarter ultimately being completed in July. We are encouraged by the notably strong rental rates we are seeing across the portfolio for new Turn-Key FlexSM leases and renewals."The Full Research Report on Digital Realty Trust, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2eca_DLR]

Corporate Office Properties Trust Research Report

On July 26, 2013, Corporate Office Properties Trust (COPT) reported its financial and operating results for Q2 2013. The Company reported that its diluted funds from operations per share (FFOPS) were down at $0.25 (as per NAREIT's definition) in Q2 2013 compared to FFOPS of $0.54 per diluted share in Q2 2012. Total revenues increased 10.1% YoY to $140.5 million. Net loss attributable to COPT common shareholders was $13.2 million, or $0.16 per diluted share, compared to net income attributable to COPT common shareholders of $7.1 million, or $0.10 per diluted share, in Q2 2012. The Full Research Report on Corporate Office Properties Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1de7_OFC]

Highwoods Properties Inc. Research Report

On July 25, 2013, Highwoods Properties Inc. (Highwoods Properties) reported its financial results for Q2 2013. The Company reported that its FFO was $60.6 million, or $0.70 per diluted share, in Q2 2013 compared to FFO of $54.1 million, or $0.69 per diluted share, in Q2 2012. Rental and other revenues increased 9.3% YoY to $138.5 million. Net income available for common stockholders was $27.5 million, or $0.33 per diluted share, in Q2 2013 compared to net income of $13 million, or $0.17 per diluted share, in Q2 2012. Ed Fristch, Highwoods Properties President and CEO, stated, "It was another productive quarter for our Company with strong leasing, solid cash NOI growth and good capital deployment activity." The Company has also updated its full-year 2013 FFO outlook from the range of $2.68 to $2.81 per share to a range of $2.76 to $2.84 per share. The Full Research Report on Highwoods Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b25d_HIW]

Mack-Cali Realty Corp. Research Report

On July 25, 2013, Mack-Cali Realty Corp. (Mack-Cali) reported its financial results for Q2 2013. The Company reported that its FFO available to common shareholders was $65.2 million, or $0.65 per diluted share in, Q2 2013 compared to FFO of $62.1 million, or $0.62 per diluted share, in Q2 2012. Total revenues increased 3.4% YoY to $177.9 million. Net income available to common shareholders was $23.1 million, or $0.26 per diluted share, in Q2 2013 compared to net income of $10.1 million, or $0.11 per diluted share, in Q2 2012. Mitchell E. Hersh, Mack-Cali President and CEO, commented, "Mack-Cali had a successful second quarter, executing on our strategy of selling select office properties as we continue our portfolio diversification into multi-family. We also saw significant office leasing activity having successfully completed lease transactions for over 1.3 million square feet." The Full Research Report on Mack-Cali Realty Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/59ff_CLI]

Liberty Property Trust Research Report

On July 23, 2013, Liberty Property Trust (Liberty Property) reported its financial results for Q2 2013. The Company reported that its FFO was $79.4 million, or $0.66 per diluted share, in Q2 2013 compared to $73.8 million, or $0.63 per diluted share, in Q2 2012. Net income during Q2 2013 was $0.33 per diluted share, compared to $0.29 per diluted share in Q2 2012. Total operating revenue increased 8.3% YoY to $178.1 million in Q2 2013. Bill Hankowsky, Chairman and CEO of Liberty Property, said, "Going into 2013, we noted that markets were firming very slowly, but we expected pent-up demand to put positive pressure on our markets as the year progressed. In the second quarter we saw this begin to happen, as some of the opportunities we have been working on for months became signed deals." The Full Research Report on Liberty Property Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3584_LRY]

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