Liberty Property Trust of Malvern says it has successfully transformed into a company primarily focused on industrial real estate, with national capabilities and opportunities.

That’s the assessment of Bill Hankowsky, chief executive officer, as the firm announced expected 2014 financial results and 2015 financial projections.  Liberty expects to report funds from operations per share in the range of $2.45- $2.47 for 2014, and of $2.55 – $2.65 for 2015.

For the fourth quarter of 2014 this includes approximately $2 million from a gain on land sales in the United Kingdom previously expected to occur in 2015.

“With industrial markets remaining strong, we expect our industrial platform to provide the basis for solid FFO growth from expected increases in occupancy and rents in 2015,” said Hankowsky. “We intend to continue to enhance our industrial focus through development, limited acquisition activity, and the continued sale of suburban office properties.”

The full report is online through Jan. 16.