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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Land and land improvements $ 861,373 $ 855,213
Building and improvements 4,146,819 4,109,783
Less accumulated depreciation (1,116,593) (1,058,283)
Operating real estate 3,891,599 3,906,713
Development in progress 198,472 88,848
Land held for development 222,090 219,375
Net real estate 4,312,161 4,214,936
Cash and cash equivalents 154,122 18,204
Restricted cash 39,604 63,659
Accounts receivable 12,424 8,192
Deferred rent receivable 106,243 103,002
Deferred financing and leasing costs, net of accumulated amortization (2012, $133,448; 2011, $123,822) 133,150 130,160
Investments in and advances to unconsolidated joint ventures 173,336 174,687
Assets held for sale 0 200,647
Prepaid expenses and other assets 77,272 76,186
Total assets 5,008,312 4,989,673
LIABILITIES    
Mortgage loans 281,170 290,819
Unsecured notes 2,192,643 1,792,643
Credit facility 0 139,400
Accounts payable 35,600 23,418
Accrued interest 25,196 24,147
Dividend and distributions payable 57,610 56,958
Other liabilities 176,656 194,995
Total liabilities 2,768,875 2,522,380
Noncontrolling Interest - operating partnership - 301,483 preferred units outstanding as of June 30, 2012 and December 31, 2011 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized; 118,794,699 (includes 1,249,909 in treasury) and 117,352,353 (includes 1,249,909 in treasury) shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively 119 117
Additional paid-in capital 2,656,174 2,617,355
Accumulated other comprehensive loss 346 (429)
Distributions in excess of net income (501,719) (461,498)
Common shares in treasury, at cost, 1,249,909 shares as of June 30, 2012 and December 31, 2011 (51,951) (51,951)
Total Liberty Property Trust shareholders' equity 2,102,969 2,103,594
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,775 3,775
Total equity 2,231,900 2,459,756
Total liabilities, noncontrolling interest - operating partnership and equity 5,008,312 4,989,673
3,740,246 and 3,808,746 common units outstanding as of June 30, 2012 and December 31, 2011, respectively
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 61,891 64,428
1,290,000 and 9,740,000 preferred units outstanding as of June 30, 2012 and December 31, 2011, respectively
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 63,265 287,959
Liberty Property Limited Partnership [Member]
   
ASSETS    
Land and land improvements 861,373 855,213
Building and improvements 4,146,819 4,109,783
Less accumulated depreciation (1,116,593) (1,058,283)
Operating real estate 3,891,599 3,906,713
Development in progress 198,472 88,848
Land held for development 222,090 219,375
Net real estate 4,312,161 4,214,936
Cash and cash equivalents 154,122 18,204
Restricted cash 39,604 63,659
Accounts receivable 12,424 8,192
Deferred rent receivable 106,243 103,002
Deferred financing and leasing costs, net of accumulated amortization (2012, $133,448; 2011, $123,822) 133,150 130,160
Investments in and advances to unconsolidated joint ventures 173,336 174,687
Assets held for sale 0 200,647
Prepaid expenses and other assets 77,272 76,186
Total assets 5,008,312 4,989,673
LIABILITIES    
Mortgage loans 281,170 290,819
Unsecured notes 2,192,643 1,792,643
Credit facility 0 139,400
Accounts payable 35,600 23,418
Accrued interest 25,196 24,147
Dividend and distributions payable 57,610 56,958
Other liabilities 176,656 194,995
Total liabilities 2,768,875 2,522,380
Noncontrolling Interest - operating partnership - 301,483 preferred units outstanding as of June 30, 2012 and December 31, 2011 7,537 7,537
EQUITY    
General patner's equity - 117,544,790 (net of 1,249,909 treasury units) and 116,102,444 (net of 1,249,909 treasury units) common units outstanding as of June 30, 2012 and December 31, 2011, respectively 2,102,969 2,103,594
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,775 3,775
Total equity 2,231,900 2,459,756
Total liabilities, noncontrolling interest - operating partnership and equity 5,008,312 4,989,673
Liberty Property Limited Partnership [Member] | 3,740,246 and 3,808,746 common units outstanding as of June 30, 2012 and December 31, 2011, respectively
   
EQUITY    
Limited partners' equity 61,891 64,428
Liberty Property Limited Partnership [Member] | 1,290,000 and 9,740,000 preferred units outstanding as of June 30, 2012 and December 31, 2011, respectively
   
EQUITY    
Limited partners' equity $ 63,265 $ 287,959