Liberty Property Trust LPT has been experiencing a decent demand for industrial properties. The company’s Westfork Distribution Center, spanning 247,000 square feet, has been leased to Sugar Foods Corporation. The property is situated at 875 Maxham Road in Lithia Springs.
Westfork Distribution Center is located near the intersection of the I-285 perimeter and I-20, and enjoys proximity to downtown Atlanta and Hartsfield-Jackson International Airport.
Therefore, this building is well suited to tenants’ needs, with improved infrastructure that further enhances the property’s value. Apart from building improvements, the company utilized the land to create a loop road to optimize traffic flow. Further, it expanded truck courts and added trailer storage to support modern logistics’ requirements.
Industrial REITs are expected to benefit from a recovering economy and job market gains as well as tax reforms. Further, consumption levels are anticipated to remain elevated. And with healthy manufacturing environment, along with high business inventories, the demand for warehouse and logistics real estate is anticipated to be high. This is expected to offer decent scope to industrial REITs — including Prologis, Inc. PLD, Terreno Realty Corporation TRNO, and Duke Realty DRE to ride on growth trajectory.
Liberty Property too is likely to benefit from this favorable trend and is therefore shifting focus toward such properties. Its premium quality industrial properties, situated at key locations, are expected to drive long-term growth by leveraging e-commerce boom and supply-chain strategy transformations as well.
However, in the process, the company is continuously divesting office properties. This is likely to affect earnings in the near term.
Liberty Property currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company’s shares have appreciated 17.7% in the past three months compared with its industry’s growth of 12%.
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Prologis, Inc. (PLD) : Free Stock Analysis Report
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