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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Land and land improvements$ 857,917$ 831,740
Building and improvements4,223,8174,120,456
Less accumulated depreciation(1,097,115)(999,263)
Operating real estate3,984,6193,952,933
Development in progress41,9070
Land held for development208,431209,253
Net real estate4,234,9574,162,186
Cash and cash equivalents24,416108,409
Restricted cash66,35049,526
Accounts receivable9,2436,898
Deferred rent receivable105,406102,924
Deferred financing and leasing costs, net of accumulated amortization (2011, $125,626; 2010, $115,124)128,884134,236
Investments in and advances to unconsolidated joint ventures176,101171,916
Assets held for sale15,529255,079
Prepaid expenses and other assets94,74273,625
Total assets4,855,6285,064,799
LIABILITIES  
Mortgage loans292,272320,679
Unsecured notes1,792,6432,039,143
Credit facility00
Accounts payable40,25723,652
Accrued interest33,05729,821
Dividend and distributions payable56,76356,149
Other liabilities176,825156,803
Total liabilities2,391,8172,626,247
EQUITY  
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized; 116,955,528 (includes 1,249,909 in treasury) and 115,530,608 (includes 1,249,909 in treasury) shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively117116
Additional paid-in capital2,603,7002,560,193
Accumulated other comprehensive loss(219)(155)
Distributions in excess of net income(441,142)(426,017)
Common shares in treasury, at cost, 1,249,909 shares as of September 30, 2011 and December 31, 2010(51,951)(51,951)
Total Liberty Property Trust shareholders' equity2,110,5052,082,186
Noncontrolling interest - operating partnership  
Noncontrolling interest - consolidated joint ventures275786
Total equity2,463,8112,438,552
Total liabilities and equity4,855,6285,064,799
Liberty Property Limited Partnership [Member]
  
ASSETS  
Land and land improvements857,917831,740
Building and improvements4,223,8174,120,456
Less accumulated depreciation(1,097,115)(999,263)
Operating real estate3,984,6193,952,933
Development in progress41,9070
Land held for development208,431209,253
Net real estate4,234,9574,162,186
Cash and cash equivalents24,416108,409
Restricted cash66,35049,526
Accounts receivable9,2436,898
Deferred rent receivable105,406102,924
Deferred financing and leasing costs, net of accumulated amortization (2011, $125,626; 2010, $115,124)128,884134,236
Investments in and advances to unconsolidated joint ventures176,101171,916
Assets held for sale15,529255,079
Prepaid expenses and other assets94,74273,625
Total assets4,855,6285,064,799
LIABILITIES  
Mortgage loans292,272320,679
Unsecured notes1,792,6432,039,143
Credit facility00
Accounts payable40,25723,652
Accrued interest33,05729,821
Dividend and distributions payable56,76356,149
Other liabilities176,825156,803
Total liabilities2,391,8172,626,247
EQUITY  
General Partners' Capital Account2,110,5052,082,186
Noncontrolling interest - operating partnership  
Noncontrolling interest - consolidated joint ventures275786
Total equity2,463,8112,438,552
Total liabilities and equity4,855,6285,064,799
Liberty Property Limited Partnership [Member] | Limited Partner's Common Units [Member]
  
EQUITY  
Limited partners' equity65,07267,621
Liberty Property Limited Partnership [Member] | Limited Partner's Preferred Units [Member]
  
EQUITY  
Limited partners' equity287,959287,959
Limited Partner's Common Units [Member]
  
Noncontrolling interest - operating partnership  
Noncontrolling interest - operating partnerships65,07267,621
Limited Partner's Preferred Units [Member]
  
Noncontrolling interest - operating partnership  
Noncontrolling interest - operating partnerships$ 287,959$ 287,959