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Consolidated Balance Sheets (USD $)
In Thousands
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Dec. 31, 2007
Real estate:        
Land and land improvements $ 864,797 $ 848,988    
Building and improvements 4,420,662 4,283,250    
Less accumulated depreciation (1,090,685) (970,935)    
Operating real estate 4,194,774 4,161,303    
Development in progress 0 66,714    
Land held for development 209,253 218,633    
Net real estate 4,404,027 4,446,650    
Cash and cash equivalents 108,409 237,446 15,794 37,989
Restricted cash 49,526 42,232    
Accounts receivable 6,898 6,057    
Deferred rent receivable 108,933 95,527    
Deferred financing and leasing costs, net 141,464 134,309    
Investments in and advances to unconsolidated joint ventures 171,916 175,584    
Assets held for sale 0 5,564    
Prepaid expenses and other assets 71,660 85,574    
Total assets 5,062,833 5,228,943    
LIABILITIES        
Mortgage loans 320,679 473,993    
Unsecured notes 2,039,143 1,842,882    
Credit facility 0 140,000    
Accounts payable 23,652 31,195    
Accrued interest 29,821 31,251    
Dividend and distributions payable 56,149 55,402    
Other liabilities 154,837 171,051    
Total liabilities 2,624,281 2,745,774    
Liberty Property Trust shareholders' equity        
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized; 115,530,608 (includes 1,249,909 in treasury) and 113,875,211 (includes 1,249,909 in treasury) shares issued and outstanding as of December 31, 2010 and 2009, respectively 116 114    
Additional paid-in capital 2,560,193 2,509,704    
Accumulated other comprehensive (loss) income (155) 2,339    
Distributions in excess of net income (426,017) (337,911)    
Common shares in treasury, at cost, 1,249,909 shares as of December 31, 2010 and 2009 (51,951) (51,951)    
Total Liberty Property Trust shareholders' equity 2,082,186 2,122,295    
Limited partners' equity        
Noncontrolling interest - consolidated joint ventures 786 621    
Total equity 2,438,552 2,483,169 2,326,506 2,209,642
Total liabilities and equity 5,062,833 5,228,943    
LIBERTY PROPERTY LIMITED PARTNERSHIP | Common Stock [Member]
       
Limited partners' equity        
Limited partners' equity 67,621 72,294    
Total equity 67,621 72,294 0 0
Common Stock [Member]
       
Noncontrolling interest - operating partnership        
Noncontrolling interest - operating partnership 67,621 72,294    
Limited partners' equity        
Total equity 116 114 101 93
LIBERTY PROPERTY LIMITED PARTNERSHIP | Preferred Stock [Member]
       
Limited partners' equity        
Limited partners' equity 287,959 287,959    
Total equity 287,959 287,959 0 0
Preferred Stock [Member]
       
Noncontrolling interest - operating partnership        
Noncontrolling interest - operating partnership 287,959 287,959    
LIBERTY PROPERTY LIMITED PARTNERSHIP
       
Real estate:        
Land and land improvements 864,797 848,988    
Building and improvements 4,420,662 4,283,250    
Less accumulated depreciation (1,090,685) (970,935)    
Operating real estate 4,194,774 4,161,303    
Development in progress 0 66,714    
Land held for development 209,253 218,633    
Net real estate 4,404,027 4,446,650    
Cash and cash equivalents 108,409 237,446 15,794 37,989
Restricted cash 49,526 42,232    
Accounts receivable 6,898 6,057    
Deferred rent receivable 108,933 95,527    
Deferred financing and leasing costs, net 141,464 134,309    
Investments in and advances to unconsolidated joint ventures 171,916 175,584    
Assets held for sale 0 5,564    
Prepaid expenses and other assets 71,660 85,574    
Total assets 5,062,833 5,228,943    
LIABILITIES        
Mortgage loans 320,679 473,993    
Unsecured notes 2,039,143 1,842,882    
Credit facility 0 140,000    
Accounts payable 23,652 31,195    
Accrued interest 29,821 31,251    
Dividend and distributions payable 56,149 55,402    
Other liabilities 154,837 171,051    
Total liabilities 2,624,281 2,745,774    
Noncontrolling interest - operating partnership        
General partner's equity - common units, 115,530,608 and 113,875,211 units outstanding as of December 31, 2010 and 2009, respectively 2,082,186 2,122,295    
Limited partners' equity        
Noncontrolling interest - consolidated joint ventures 786 621    
Total equity 2,438,552 2,483,169 1,945,516 1,800,969
Total liabilities and equity $ 5,062,833 $ 5,228,943