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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
OPERATING REVENUE    
Rental$ 121,866$ 122,383$ 364,007$ 363,720
Operating expense reimbursement53,31353,073159,959157,539
Total operating revenue175,179175,456523,966521,259
OPERATING EXPENSE    
Rental property35,56334,790102,013102,653
Real estate taxes21,03921,30662,52863,253
General and administrative13,62512,60842,84840,023
Depreciation and amortization41,41439,996123,840119,091
Total operating expenses111,641108,700331,229325,020
Operating income63,53866,756192,737196,239
OTHER INCOME (EXPENSE)    
Interest and other income2,0192,4007,0117,748
Interest expense(31,188)(32,410)(96,354)(103,922)
Total other income (expense)(29,169)(30,010)(89,343)(96,174)
Income before property dispositions, income taxes and equity in earnings of unconsolidated joint ventures34,36936,746103,394100,065
Gain on property dispositions1,8986913,3613,701
Income taxes(356)(475)(969)(1,430)
Equity in earnings of unconsolidated joint ventures8273852,4701,562
Income from continuing operations36,73837,347108,256103,898
Discontinued operations4,9433,65961,20912,944
Net income41,68141,006169,465116,842
Noncontrolling interest - operating partnership(6,414)(6,451)(20,769)(19,155)
Noncontrolling interest - consolidated joint ventures5389511(47)
Net income available to common shareholders35,32034,644149,20797,640
Basic:    
Income from continuing operations$ 0.27$ 0.28$ 0.78$ 0.76
Income from discontinued operations$ 0.04$ 0.03$ 0.52$ 0.11
Income per common share - basic$ 0.31$ 0.31$ 1.30$ 0.87
Diluted:    
Income from continuing operations$ 0.27$ 0.27$ 0.78$ 0.75
Income from discontinued operations$ 0.04$ 0.03$ 0.51$ 0.11
Income per common share - diluted$ 0.31$ 0.30$ 1.29$ 0.86
Distributions per common share$ 0.475$ 0.475$ 1.425$ 1.425
Weighted average number of common shares outstanding    
Basic115,014113,077114,547112,708
Diluted115,780113,773115,329113,388
Amounts attributable to common shareholders    
Income from continuing operations30,53531,10889,99385,131
Discontinued operations4,7853,53659,21412,509
Net income available to common shareholders35,32034,644149,20797,640
Liberty Property Limited Partnership [Member]
    
OPERATING REVENUE    
Rental121,866122,383364,007363,720
Operating expense reimbursement53,31353,073159,959157,539
Total operating revenue175,179175,456523,966521,259
OPERATING EXPENSE    
Rental property35,56334,790102,013102,653
Real estate taxes21,03921,30662,52863,253
General and administrative13,62512,60842,84840,023
Depreciation and amortization41,41439,996123,840119,091
Total operating expenses111,641108,700331,229325,020
Operating income63,53866,756192,737196,239
OTHER INCOME (EXPENSE)    
Interest and other income2,0192,4007,0117,748
Interest expense(31,188)(32,410)(96,354)(103,922)
Total other income (expense)(29,169)(30,010)(89,343)(96,174)
Income before property dispositions, income taxes and equity in earnings of unconsolidated joint ventures34,36936,746103,394100,065
Gain on property dispositions1,8986913,3613,701
Income taxes(356)(475)(969)(1,430)
Equity in earnings of unconsolidated joint ventures8273852,4701,562
Income from continuing operations36,73837,347108,256103,898
Discontinued operations4,9433,65961,20912,944
Net income41,68141,006169,465116,842
Noncontrolling interest - consolidated joint ventures5389511(47)
Preferred unit distributions(5,253)(5,253)(15,759)(15,759)
Net income available to common shareholders36,48135,842154,217101,036
Basic:    
Income from continuing operations$ 0.27$ 0.28$ 0.78$ 0.76
Income from discontinued operations$ 0.04$ 0.03$ 0.52$ 0.11
Income per common share - basic$ 0.31$ 0.31$ 1.30$ 0.87
Diluted:    
Income from continuing operations$ 0.27$ 0.27$ 0.78$ 0.75
Income from discontinued operations$ 0.04$ 0.03$ 0.51$ 0.11
Income per common share - diluted$ 0.31$ 0.30$ 1.29$ 0.86
Distributions per common share$ 0.475$ 0.475$ 1.425$ 1.425
Weighted average number of common shares outstanding    
Basic118,830117,020118,437116,657
Diluted119,596117,716119,219117,337
Net Income (Loss) Allocated to General Partners35,32034,644149,20797,640
Net Income (Loss) Allocated to Limited Partners6,4146,45120,76919,155
Amounts attributable to common shareholders    
Income from continuing operations36,79137,436108,767103,851
Net income available to common shareholders$ 36,481$ 35,842$ 154,217$ 101,036