Zacks Equity Research, Chicago, has designed Liberty Property Trust, a real estate investment trust headquartered in Malvern, Pa., as its Bear of the Day on April 20. "Office and industrial markets continue to weaken throughout the U.S., which is bad news for Liberty Property Trust. In the current environment, we do not favor suburban industrial/office companies as rental rates and occupancies continue their downward trend," Zacks said. Despite the economic downturn, Liberty's operations held up relatively well in the fourth quarter 2008. Zacks added Liberty has plenty of liquidity on hand to address its near-term debt issues, but it still maintained a near-term sell rating on the company due to macroeconomic factors.
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