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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Land and land improvements $ 865,657 $ 852,785
Building and improvements 4,156,848 4,092,056
Less accumulated depreciation (1,135,002) (1,047,336)
Operating real estate 3,887,503 3,897,505
Development in progress 249,129 88,848
Land held for development 227,469 219,375
Net real estate 4,364,101 4,205,728
Cash and cash equivalents 34,069 18,204
Restricted cash 37,972 63,659
Accounts receivable 6,965 8,192
Deferred rent receivable 107,813 102,613
Deferred financing and leasing costs, net of accumulated amortization 130,761 129,614
Investments in and advances to unconsolidated joint ventures 169,507 174,687
Assets held for sale 8,671 210,790
Prepaid expenses and other assets 96,506 76,186
Total assets 4,956,365 4,989,673
LIABILITIES    
Mortgage loans 290,197 290,819
Unsecured notes 1,962,543 1,792,643
Credit facility 150,000 139,400
Accounts payable 58,804 23,418
Accrued interest 36,177 24,147
Dividend and distributions payable 58,869 56,958
Other liabilities 173,758 194,995
Total liabilities 2,730,348 2,522,380
Noncontrolling Interest - operating partnership 7,537 7,537
EQUITY    
Common shares of beneficial interest 119 117
Additional paid-in capital 2,669,676 2,617,355
Accumulated other comprehensive loss 2,523 (429)
Distributions in excess of net income (529,913) (461,498)
Common shares in treasury, at cost (51,951) (51,951)
Total Liberty Property Trust shareholders' equity 2,090,454 2,103,594
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,775 3,775
Total equity 2,218,480 2,459,756
Total liabilities, noncontrolling interest - operating partnership and equity 4,956,365 4,989,673
common units outstanding
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 60,987 64,428
preferred units outstanding
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 63,264 287,959
Liberty Property Limited Partnership [Member]
   
ASSETS    
Land and land improvements 865,657 852,785
Building and improvements 4,156,848 4,092,056
Less accumulated depreciation (1,135,002) (1,047,336)
Operating real estate 3,887,503 3,897,505
Development in progress 249,129 88,848
Land held for development 227,469 219,375
Net real estate 4,364,101 4,205,728
Cash and cash equivalents 34,069 18,204
Restricted cash 37,972 63,659
Accounts receivable 6,965 8,192
Deferred rent receivable 107,813 102,613
Deferred financing and leasing costs, net of accumulated amortization 130,761 129,614
Investments in and advances to unconsolidated joint ventures 169,507 174,687
Assets held for sale 8,671 210,790
Prepaid expenses and other assets 96,506 76,186
Total assets 4,956,365 4,989,673
LIABILITIES    
Mortgage loans 290,197 290,819
Unsecured notes 1,962,543 1,792,643
Credit facility 150,000 139,400
Accounts payable 58,804 23,418
Accrued interest 36,177 24,147
Dividend and distributions payable 58,869 56,958
Other liabilities 173,758 194,995
Total liabilities 2,730,348 2,522,380
Noncontrolling Interest - operating partnership 7,537 7,537
EQUITY    
General patner's equity 2,090,454 2,103,594
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,775 3,775
Total equity 2,218,480 2,459,756
Total liabilities, noncontrolling interest - operating partnership and equity 4,956,365 4,989,673
Liberty Property Limited Partnership [Member] | common units outstanding
   
EQUITY    
Limited partners' equity 60,987 64,428
Liberty Property Limited Partnership [Member] | preferred units outstanding
   
EQUITY    
Limited partners' equity $ 63,264 $ 287,959