921113--2/29/2008--LIBERTY_PROPERTY_LIMITED

related topics

{loan, real, estate}

{investment, property, distribution}

{stock, price, share}

{debt, indebtedness, cash}

{cost, contract, operation}

{tax, income, asset}

{provision, law, control}

{operation, natural, condition}

{regulation, change, law}

{cost, regulation, environmental}

{capital, credit, financial}

{interest, director, officer}

{loss, insurance, financial}

{acquisition, growth, future}

Our ability to achieve growth in operating income depends in part on our ability to develop properties, which may suffer under certain circumstances. We face risks associated with property acquisitions. Many of our Properties are concentrated in our primary markets, and we therefore may suffer economic harm as a result of adverse conditions in those markets. Certain of the Company s tenants are engaged in various aspects of the residential mortgage industry, which is currently experiencing a dramatic downturn, and therefore, we may suffer economic harm if this downturn weakens these tenants financial condition. We may not be able to access financial markets to obtain capital on a timely basis, or on acceptable terms. We may suffer adverse effects as a result of the terms of and covenants relating to our indebtedness. Our degree of leverage could limit our ability to obtain additional financing or affect the market price of our common stock. Further issuances of equity securities may be dilutive to current shareholders. An increase in interest rates would increase our interest costs on variable rate debt and could adversely impact our ability to refinance existing debt. Property ownership through joint ventures will limit our ability to act exclusively in our interests. Risks Related to the Real Estate Industry Real estate investments are illiquid, and we may not be able to sell our Properties if and when we determine it is appropriate to do so. We may experience economic harm if any damage to our Properties is not covered by insurance. Potential liability for environmental contamination could result in substantial costs. Our Properties may contain or develop harmful mold, which could lead to liability for adverse health effects and costs of remediating the problem. Compliance with the Americans with Disabilities Act and fire, safety and other regulations may require us to make expenditures that adversely impact our operating results. Terrorist attacks and other acts of violence or war may adversely impact our operating results and may affect markets on which our securities are traded. Risks Related to Our Organization and Structure We have elected REIT status under the federal tax laws, and could suffer adverse consequences if we fail to qualify as a REIT. Risks associated with potential borrowings necessary to make distributions to qualify as a REIT. Certain officers of the Trust may not have the same interests as shareholders as to certain tax laws. Certain aspects of our organization could have the effect of restricting or preventing a change of control of our Company, which could have an adverse effect on the price of our shares. Various factors out of our control could hurt the market value of our publicly traded securities. We no longer have a Shareholder Rights Plan but are not precluded from adopting one. Transactions by the Trust or the Operating Partnership could adversely affect debt holders.

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921113--2/29/2008--LIBERTY_PROPERTY_LIMITED_PARTNERSHIP