Liberty Property Trust Announces Tax Treatment of 2008 Distributions

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Mon Jan 12, 2009 4:29pm EST 

MALVERN, Pa., Jan. 12 /PRNewswire-FirstCall/ -- Liberty Property Trust (NYSE:
LRY) announced today the final tax treatment for its 2008 distributions on its
common shares.  Shareholders are encouraged to consult with their personal tax
advisors as to their specific tax treatment of Liberty Property Trust
distributions. The table below summarizes the income tax treatment of the
company's total distributions of $2.500 per common share (CUSIP No.
531172104):


Common share distributions:

    Form 1099 - DIV       (Boxes 1a + 2a + 3)  Box 1a          Box 1b

                                  Cash        Ordinary        Taxable
      Record      Payable    Distribution     Taxable        Qualified
       Date         Date        Per Share     Dividend       Dividends(1)

     1/1/2008    1/15/2008       $0.625       $0.5902         $0.0000
     4/1/2008    4/15/2008       $0.625       $0.5902         $0.0000
     7/1/2008    7/15/2008       $0.625       $0.5902         $0.1501
    10/1/2008   10/15/2008       $0.625       $0.5902         $0.1921

      Totals                     $2.500       $2.3608         $0.3422


                                Box 2a        Box 2b            Box 3

                                 Total      Unrecaptured
      Record      Payable    Capital Gain   Section 1250      Nondividend
       Date         Date     Distribution     Gain (2)       Distributions(3)

     1/1/2008    1/15/2008      $0.0348       $0.0182           $0.00
     4/1/2008    4/15/2008      $0.0348       $0.0182           $0.00
     7/1/2008    7/15/2008      $0.0348       $0.0182           $0.00
    10/1/2008   10/15/2008      $0.0348       $0.0182           $0.00

      Totals                    $0.1392       $0.0728           $0.00

    (1) Amounts in Box 1b are included in Box 1a.
    (2) Amounts in Box 2b are included in Box 2a.
    (3) Amounts in Box 3 are also known as Return of Capital.



The fourth quarter 2008 distribution made to holders of record as of January
1, 2009 for the common shares is considered a 2009 distribution for federal
income tax purposes. 

Liberty Property Trust (NYSE: LRY) is a leader in commercial real estate,
serving customers in the United States and United Kingdom, through the
development, acquisition, ownership and management of superior office and
industrial properties.  Liberty's 76 million square foot portfolio includes
more than 700 properties which provide office, distribution and light
manufacturing facilities to 2,100 tenants.

SOURCE  Liberty Property Trust

Jeanne A. Leonard, Liberty Property Trust, +1-610-648-1704
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