Exhibit 99.1

Liberty Property Trust

Statement of Operations

September 30, 2018

(Unaudited and in thousands)

	Quarter Ended								Nine Months Ended
	September 30, 2018				September 30, 2017				September 30, 2018				September 30, 2017
Operating Revenue
Rental	$	120,775			$	113,889			$	357,185			$	333,884
Operating expense reimbursement	37,453				33,522				110,729				100,161
Development service fee income	12,956				24,176				59,132				53,920
Total operating revenue	171,184				171,587				527,046				487,965
Operating Expenses
Rental property	14,457				14,833				44,023				42,938
Real estate taxes	23,193				20,427				67,452				61,326
General and administrative	13,121				11,873				43,406				44,069
Expensed pursuit costs	1,292				4,772				1,675				4,957
Systems implementation expense	1,177				142				3,352				157
Depreciation and amortization	43,375				41,754				127,280				123,924
Development service fee expense	12,924				23,665				120,799				52,497
Impairment charges - real estate assets	—				3,936				26,000				3,936
Total operating expenses	109,539				121,402				433,987				333,804
Operating (loss) income	61,645				50,185				93,059				154,161
Other Income/Expense
Interest and other income	3,433				1,734				8,568				5,487
Interest expense	(23,274			)	(21,448			)	(66,582			)	(62,409			)
Total other income/expense	(19,841			)	(19,714			)	(58,014			)	(56,922			)
Income before gain on property dispositions, income taxes, and equity in earnings of unconsolidated joint ventures	41,804				30,471				35,045				97,239
Gain on property dispositions	2,002				23,840				54,705				30,542
Income taxes	(472			)	(582			)	(1,967			)	(1,528			)
Equity in earnings of unconsolidated joint ventures	6,766				4,305				20,958				14,026
Income from continuing operations	50,100				58,034				108,741				140,279
Discontinued operations (including net gain of $94.9 million and a net gain of $184.7 million on property dispositions for the three and nine months ended September 30, 2018, respectively)	103,971				3,125				209,945				17,942
Net Income	154,071				61,159				318,686				158,221
Noncontrolling interest - operating partnerships	(3,696			)	(1,545			)	(7,738			)	(4,044			)
Noncontrolling interest - consolidated joint ventures	(232			)	(75			)	(1,010			)	(195			)
Net Income available to common shareholders	$	150,143			$	59,539			$	309,938			$	153,982
Net income	$	154,071			$	61,159			$	318,686			$	158,221
Other comprehensive (loss) gain - foreign currency translation	(3,015			)	5,634				(9,221			)	16,314
Other comprehensive gain (loss) - derivative instruments	6				91				493				366
Comprehensive income	151,062				66,884				309,958				174,901
Less: comprehensive income attributable to noncontrolling interest	(3,858			)	(1,754			)	(8,545			)	(4,629			)
Comprehensive income attributable to common shareholders	$		147,204		$		65,130		$		301,413		$		170,272
Basic income per common share
Continuing operations	$	0.33			$	0.39			$	0.71			$	0.93
Discontinued operations	$	0.69			$	0.02			$	1.39			$	0.12
Basic income per common share	$	1.02			$	0.41			$	2.10			$	1.05
Diluted income per common share
Continuing operations	$	0.33			$	0.38			$	0.71			$	0.92
Discontinued operations	$	0.68			$	0.02			$	1.38			$	0.12
Diluted income per common share	$	1.01			$	0.40			$	2.09			$	1.04
Weighted average shares
Basic	147,324				146,811				147,241				146,678
Diluted	148,271				147,596				148,160				147,430