Liberty International, a leading retail investor, reported adjusted earnings per share rose by 10% to 38 cents in the third quarter compared with the same period last year. Adjusted net assets rose to f EUR 7.4 bn. Net rental income was up EUR 21 mln to EUR 375 mln and the company booked a pre-tax profit of EUR 631 mln.
Liberty International, a leading retail investor, reported adjusted earnings per share rose by 10% to 38 cents in the third quarter compared with the same period last year. Adjusted net assets rose to f EUR 7.4 bn. Net rental income was up EUR 21 mln to EUR 375 mln and the company booked a pre-tax profit of EUR 631 mln.
'This outcome vindicates our focus on highest quality real estate,' commented Liberty chairman Sir Robert Finch, 'in particular regional shopping centres. Evidence has remained strong this year that super-prime or prime regional shopping centres, well-managed and properly marketed, attract considerable investor interest. We look forward to the investment opportunities and challenges which a changing market will bring.'
