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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING REVENUE      
Rental $ 478,835 $ 464,053 $ 459,940
Operating expense reimbursement 206,717 199,188 192,069
Total operating revenue 685,552 663,241 652,009
OPERATING EXPENSE      
Rental property 133,630 125,761 126,423
Real estate taxes 79,859 76,982 74,772
General and administrative 64,730 59,367 52,747
Depreciation and amortization 165,628 156,242 149,457
Total operating expenses 443,847 418,352 403,399
Operating income 241,705 244,889 248,610
OTHER INCOME (EXPENSE)      
Interest and other income 9,289 8,389 9,683
Interest expense (119,630) (120,718) (132,951)
Total other income (expense) (110,341) (112,329) (123,268)
Income before gain on property dispositions, income taxes and equity in (loss) earnings of unconsolidated joint ventures 131,364 132,560 125,342
Gain on property dispositions 4,123 5,025 4,238
Income taxes (976) (1,020) (1,736)
Equity in (loss) earnings of unconsolidated joint ventures (681) 3,496 2,296
Income from continuing operations 133,830 140,061 130,140
Discontinued operations (including net gain on property dispositions of $11,383, $60,582 and $6,857 for the years ended December 31, 2012, 2011 and 2010, respectively) 13,921 70,649 23,235
Net income 147,751 210,710 153,375
Noncontrolling interest - operating partnership (10,590) (27,222) (25,448)
Noncontrolling interest - consolidated joint ventures 275 511 (165)
Excess of preferred unit carrying amount over redemption 3,689    
Net income available to common shareholders 137,436 183,999 127,762
Comprehensive income attributable to common shareholders      
Net income 147,751 210,710 153,375
Other comprehensive income (loss) - foreign currency translation 3,436 (280) (2,582)
Comprehensive income 151,187 210,430 150,793
Less: comprehensive income attributable to noncontrolling interest (10,422) (26,706) (25,525)
Comprehensive income attributable to common shareholders 140,765 183,724 125,268
Basic:      
Income from continuing operations $ 1.06 $ 1.00 $ 0.92
Income from discontinued operations $ 0.12 $ 0.60 $ 0.21
Income per common share - basic $ 1.18 $ 1.60 $ 1.13
Diluted:      
Income from continuing operations $ 1.06 $ 1.00 $ 0.91
Income from discontinued operations $ 0.11 $ 0.59 $ 0.21
Income per common share - diluted $ 1.17 $ 1.59 $ 1.12
Weighted average number of common shares outstanding      
Basic 116,863 114,755 112,924
Diluted 117,694 115,503 113,606
Amounts attributable to common shareholders      
Income from continuing operations 123,945 115,653 104,522
Discontinued operations 13,491 68,346 23,240
Net income available to common shareholders 137,436 183,999 127,762
Liberty Property Limited Partnership [Member]
     
OPERATING REVENUE      
Rental 478,835 464,053 459,940
Operating expense reimbursement 206,717 199,188 192,069
Total operating revenue 685,552 663,241 652,009
OPERATING EXPENSE      
Rental property 133,630 125,761 126,423
Real estate taxes 79,859 76,982 74,772
General and administrative 64,730 59,367 52,747
Depreciation and amortization 165,628 156,242 149,457
Total operating expenses 443,847 418,352 403,399
Operating income 241,705 244,889 248,610
OTHER INCOME (EXPENSE)      
Interest and other income 9,289 8,389 9,683
Interest expense (119,630) (120,718) (132,951)
Total other income (expense) (110,341) (112,329) (123,268)
Income before gain on property dispositions, income taxes and equity in (loss) earnings of unconsolidated joint ventures 131,364 132,560 125,342
Gain on property dispositions 4,123 5,025 4,238
Income taxes (976) (1,020) (1,736)
Equity in (loss) earnings of unconsolidated joint ventures (681) 3,496 2,296
Income from continuing operations 133,830 140,061 130,140
Discontinued operations (including net gain on property dispositions of $11,383, $60,582 and $6,857 for the years ended December 31, 2012, 2011 and 2010, respectively) 13,921 70,649 23,235
Net income 147,751 210,710 153,375
Noncontrolling interest - consolidated joint ventures 275 511 (165)
Preferred unit distributions (9,902) (21,069) (21,012)
Excess of preferred unit carrying amount over redemption 3,689 0 0
Net income available to common shareholders 141,813 190,152 132,198
Comprehensive income attributable to common shareholders      
Net income 147,751 210,710 153,375
Other comprehensive income (loss) - foreign currency translation 3,436 (280) (2,582)
Comprehensive income 151,187 210,430 150,793
Basic:      
Income from continuing operations $ 1.06 $ 1.00 $ 0.92
Income from discontinued operations $ 0.12 $ 0.60 $ 0.21
Income per common share - basic $ 1.18 $ 1.60 $ 1.13
Diluted:      
Income from continuing operations $ 1.06 $ 1.00 $ 0.91
Income from discontinued operations $ 0.11 $ 0.59 $ 0.21
Income per common share - diluted $ 1.17 $ 1.59 $ 1.12
Weighted average number of common shares outstanding      
Basic 120,623 118,624 116,871
Diluted 121,454 119,372 117,553
Net Income Allocated to General Partners 137,436 183,999 127,762
Net Income Allocated to Limited Partners 10,590 27,222 25,448
Amounts attributable to common shareholders      
Income from continuing operations 134,105 140,572 129,975
Net income available to common shareholders $ 141,813 $ 190,152 $ 132,198