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Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Land and land improvements $ 856,783,000 $ 801,271,000
Building and improvements 4,117,179,000 3,902,891,000
Less accumulated depreciation (1,062,230,000) (938,044,000)
Operating real estate 3,911,732,000 3,766,118,000
Development in progress 88,848,000 0
Land held for development 219,375,000 203,811,000
Net real estate 4,219,955,000 3,969,929,000
Cash and cash equivalents 18,204,000 108,409,000
Restricted cash 63,659,000 49,526,000
Accounts receivable 8,192,000 6,898,000
Deferred rent receivable 103,008,000 99,779,000
Deferred financing and leasing costs, net 130,210,000 128,536,000
Investments in and advances to unconsolidated joint ventures 174,687,000 171,916,000
Assets held for sale 195,572,000 456,181,000
Prepaid expenses and other assets 76,186,000 73,625,000
Total assets 4,989,673,000 5,064,799,000
LIABILITIES    
Mortgage loans 290,819,000 320,679,000
Unsecured notes 1,792,643,000 2,039,143,000
Credit facility 139,400,000 0
Accounts payable 23,418,000 23,652,000
Accrued interest 24,147,000 29,821,000
Dividend and distributions payable 56,958,000 56,149,000
Other liabilities 194,995,000 156,803,000
Total liabilities 2,522,380,000 2,626,247,000
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2011 7,537,000 0
EQUITY    
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized; 117,352,353 (includes 1,249,909 in treasury) and 115,530,608 (includes 1,249,909 in treasury) shares issued and outstanding as of December 31, 2011 and 2010, respectively 117,000 116,000
Additional paid-in capital 2,617,355,000 2,560,193,000
Accumulated other comprehensive loss (429,000) (155,000)
Distributions in excess of net income (461,498,000) (426,017,000)
Common shares in treasury, at cost, 1,249,909 shares as of December 31, 2011 and December 31, 2010 (51,951,000) (51,951,000)
Total Liberty Property Trust shareholders' equity 2,103,594,000 2,082,186,000
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,775,000 786,000
Total equity 2,459,756,000 2,438,552,000
Total liabilities and equity 4,989,673,000 5,064,799,000
Limited Partner's Common Units [Member]
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 64,428,000 67,621,000
Limited Partner's Preferred Units [Member]
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 287,959,000 287,959,000
Liberty Property Limited Partnership [Member]
   
ASSETS    
Land and land improvements 856,783,000 801,271,000
Building and improvements 4,117,179,000 3,902,891,000
Less accumulated depreciation (1,062,230,000) (938,044,000)
Operating real estate 3,911,732,000 3,766,118,000
Development in progress 88,848,000 0
Land held for development 219,375,000 203,811,000
Net real estate 4,219,955,000 3,969,929,000
Cash and cash equivalents 18,204,000 108,409,000
Restricted cash 63,659,000 49,526,000
Accounts receivable 8,192,000 6,898,000
Deferred rent receivable 103,008,000 99,779,000
Deferred financing and leasing costs, net 130,210,000 128,536,000
Investments in and advances to unconsolidated joint ventures 174,687,000 171,916,000
Assets held for sale 195,572,000 456,181,000
Prepaid expenses and other assets 76,186,000 73,625,000
Total assets 4,989,673,000 5,064,799,000
LIABILITIES    
Mortgage loans 290,819,000 320,679,000
Unsecured notes 1,792,643,000 2,039,143,000
Credit facility 139,400,000 0
Accounts payable 23,418,000 23,652,000
Accrued interest 24,147,000 29,821,000
Dividend and distributions payable 56,958,000 56,149,000
Other liabilities 194,995,000 156,803,000
Total liabilities 2,522,380,000 2,626,247,000
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2011 7,537,000 0
EQUITY    
General Partners' Capital Account 2,103,594,000 2,082,186,000
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,775,000 786,000
Total equity 2,459,756,000 2,438,552,000
Total liabilities and equity 4,989,673,000 5,064,799,000
Liberty Property Limited Partnership [Member] | Limited Partner's Common Units [Member]
   
EQUITY    
Limited partners' equity 64,428,000 67,621,000
Liberty Property Limited Partnership [Member] | Limited Partner's Preferred Units [Member]
   
EQUITY    
Limited partners' equity $ 287,959,000 $ 287,959,000