News
Liberty Authorizes $250M in Share Buybacks
August 19, 2015
Liberty Property Trust has kicked off a $250k share buyback program, though under the terms of the authorization, it might be suspended or discontinued as the company sees fit. The Malvern-based REIT isn't alone in a buyback strategy; Brandywine Realty Trust is undertaking a $100M share buyback program. A number of REITs believe there's a disconnect between the value of their real estate assets and the level at which their shares are trading, the Philadelphia Business Journal reports, and they're looking to get their own shares at a discount. [PBJ]
