Corporate Information

Liberty Property Trust Headquarters
500 Chesterfield Parkway
Malvern, PA 19355
(610) 648-1700

Liberty Property Trust
Corporate Web Site
www.libertyproperty.com

Shareholder Services

Shareholders with questions concerning share certificates, account information, dividend payments or share transfers, or to obtain a prospectus and enrollment information for Liberty Property Trust's dividend reinvestment and share purchase plan, please contact:

Wells Fargo Shareholder Services
P.O. Box 64874
St. Paul, MN 55164-0874
(800) 944-2214
www.shareowneronline.com

Shareholders are also welcome to call:
Jackie Brautigam
Administrator, Corporate and Shareholder Services
Phone: (610) 648-1705

Investor Relations

For help with questions about the company,
please contact:
Jeanne A. Leonard
Vice President, Investor Relations
Liberty Property Trust
500 Chesterfield Parkway
Malvern, PA 19355
(610) 648-1704

Stock Listing

Liberty Property Trust's common shares are
traded on the New York Stock Exchange under
the symbol "LRY."

Independent Auditors

Ernst & Young LLP
One Commerce Square
2005 Market Street
Philadelphia, PA 19103

Local Offices

Boca Raton, FL
(561) 999-0310
Andy Petry, Vice President

Charlotte, NC
(704) 426-8000
Massie Flippin, Vice President

Chicago, IL
(847) 264-2120
Don Schoenheider, Vice President

Columbia, MD
(410) 715-3333
Lisa Sullivan, Vice President

Eden Prairie, MN
(952) 947-1100
Dave Jellison, Vice President

Herndon, VA
(703) 880-2900
Mike Jones, Vice President

Horsham, PA
(215) 682-9902
Tony Nichols, Vice President

Houston, TX
(281) 955-2000
Jay Kraft, Vice President

Jacksonville, FL
(904) 296-1776
Mike Heise, Vice President

Lehigh Valley, PA
(610) 867-9100
Bob Kiel, Senior Vice President

Malvern, PA
(610) 648-1700
Tom Sklow, Vice President

Mt. Laurel, NJ
(856) 642-8300
Mark Goldstein, Vice President

Orlando, FL
(407) 447-1776
Stephen Whitley, Senior Vice President

Philadelphia, PA
(215) 568-4100
Brian Cohen, Vice President

Phoenix, AZ
(602) 808-3500
John DiVall, Senior Vice President

Richmond, VA
(804) 934-4300
Craig Cope, Vice President

Tampa, FL
(813) 881-1776
Jody Johnston, Vice President

Virginia Beach, VA
(757) 498-4800
Craig Cope, Vice President

Washington DC
(703) 880-2900
Mike Jones, Vice President

Liberty UK

West Malling, UK
011-44-173-287-0375
Andrew Blevins, Managing Director

London, UK
011-44-207-299-2540
Andrew Blevins, Managing Director

Board of Trustees

Frederick F. Buchholz
Executive Vice President
Lend Lease Real Estate Investments (retired)

Thomas C. DeLoach, Jr.
Executive Vice President
Mobil Oil Corporation (retired)

Katherine Dietze
Global Chief Operating Officer,
Investment Banking Division
Credit Suisse First Boston (retired)

Daniel P. Garton
President and Chief Executive Officer
American Eagle Airlines

William P. Hankowsky
Chairman and Chief Executive Officer
Liberty Property Trust
 

M. Leanne Lachman
President
Lachman Associates, LLC

David L. Lingerfelt
Of Counsel
Parker, Pollard, Wilton & Peaden, P.C.

Stephen B. Siegel
Chairman, Global Brokerage
CBRE Group, Inc.

Stephen D. Steinour
Chairman, President and Chief Executive Officer
Huntington Bancshares, Inc.

Executive Officers

George J. Alburger, Jr.
Executive Vice President, Chief Financial Officer

James J. Bowes
Secretary, General Counsel

Robert E. Fenza
Executive Vice President, Chief Operating Officer

Michael T. Hagan
Executive Vice President, Chief Investment Officer

William P. Hankowsky
Chairman, Chief Executive Officer

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Annual Review (as well as information included in oral statements or other written statements made or to be made by the Company) contain statements that are or will be forward-looking, such as statements relating to rental operations, business and property development activities, joint venture relationships, acquisitions and dispositions (including related pro forma financial information), future capital expenditures, financing sources and availability, litigation and the effects of regulation (including environmental regulation) and competition. These forward-looking statements generally are accompanied by words such as "believes," "anticipates," "expects," "estimates," "should," "seeks," "intends," "planned," "outlook" and "goal" or similar expressions. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve important risks, uncertainties and other factors that could cause actual results to differ materially from the expected results and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of the Company. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. These risks, uncertainties and other factors include, without limitation, uncertainties affecting real estate business generally (such as entry into new leases, renewals of leases and dependence on tenants' business operations), risks relating to our ability to maintain and increase property occupancy and rental rates, risks relating to construction and development activities, risks relating to acquisition and disposition activities, risks relating to the integration of the operations of entities that we have acquired or may acquire, risks relating to joint venture relationships and any possible need to perform under certain guaranties that we have issued or may issue in connection with such relationships, possible environmental liabilities, risks relating to leverage and debt service (including availability of financing terms acceptable to the Company and sensitivity of the Company's operations and financing arrangements to fluctuations in interest rates), dependence on the primary markets in which the Company's properties are located, the existence of complex regulations relating to status as a REIT and the adverse consequences of the failure to quality as a REIT, risks relating to litigation, including without limitation litigation involving entities that we have acquired or may acquire, and the potential adverse impact of market interest rates on the market price for the Company's securities. See "Management's Discussion and Analysis of Financial Condition and Results of Operations – Forward-Looking Statements."