Income per Common Unit of the Operating Partnership (Tables)

6 Months Ended

Jun. 30, 2014

Income Per Common Unit [Line Items]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts):

	For the Three Months Ended					For the Three Months Ended
	June 30, 2014					June 30, 2013
	Income (Loss) (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Basic income from continuing operations
Income from continuing operations net of noncontrolling interest	$	29,014	147,012	$	0.20	$	26,848	120,081	$	0.22
Dilutive shares for long-term compensation plans	—		762			—		830
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	$	29,014	147,774	$	0.20	$	26,848	120,911	$	0.22
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	$	235	147,012	$	—	$	13,261	120,081	$	0.11
Dilutive shares for long-term compensation plans	—		762			—		830
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	$	235	147,774	$	—	$	13,261	120,911	$	0.11
Basic income per common share
Net income available to common shareholders	$	29,249	147,012	$	0.20	$	40,109	120,081	$	0.33
Dilutive shares for long-term compensation plans	—		762			—		830
Diluted income per common share
Net income available to common shareholders	$	29,249	147,774	$	0.20	$	40,109	120,911	$	0.33

	For the Six Months Ended					For the Six Months Ended
	June 30, 2014					June 30, 2013
	Income (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Basic income from continuing operations
Income from continuing operations net of noncontrolling interest	$	54,262	146,749	$	0.37	$	49,751	119,416	$	0.42
Dilutive shares for long-term compensation plans	—		695			—		813
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	54,262		147,444	$	0.37	49,751		120,229	$	0.42
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	46,887		146,749	$	0.32	61,597		119,416	$	0.51
Dilutive shares for long-term compensation plans	—		695			—		813
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	46,887		147,444	$	0.32	61,597		120,229	$	0.51
Basic income per common share
Net income available to common shareholders	101,149		146,749	$	0.69	111,348		119,416	$	0.93
Dilutive shares for long-term compensation plans	—		695			—		813
Diluted income per common share
Net income available to common shareholders	$	101,149	147,444	$	0.69	$	111,348	120,229	$	0.93

Liberty Property Limited Partnership [Member]

Income Per Common Unit [Line Items]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted income per common unit of the Operating Partnership (in thousands, except per unit amounts):

	For the Three Months Ended						For the Three Months Ended
	June 30, 2014						June 30, 2013
	Income (Loss) (Numerator)			Weighted Average Units (Denominator)	Per Unit		Income (Numerator)			Weighted Average Units (Denominator)	Per Unit
Income from continuing operations - net of noncontrolling interest - consolidated joint ventures	$	29,829					$	29,577
Less: Preferred unit distributions	(118		)				(672		)
Excess of preferred unit redemption over carrying amount	—						(1,236		)
Basic income from continuing operations
Income from continuing operations available to common unitholders	$	29,711		150,563	$	0.20	$	27,669		123,795	$	0.22
Dilutive units for long-term compensation plans	—			762			—			830
Diluted income from continuing operations
Income from continuing operations available to common unitholders	$	29,711		151,325	$	0.20	$	27,669		124,625	$	0.22
Basic income from discontinued operations
Discontinued operations	$	241		150,563	$	—	$	13,666		123,795	$	0.11
Dilutive units for long-term compensation plans	—			762			—			830
Diluted income from discontinued operations
Discontinued operations	$	241		151,325	$	—	$	13,666		124,625	$	0.11
Basic income per common unit
Income available to common unitholders	$	29,952		150,563	$	0.20	$	41,335		123,795	$	0.33
Dilutive units for long-term compensation plans	—			762			—			830
Diluted income per common unit
Income available to common unitholders	$	29,952		151,325	$	0.20	$	41,335		124,625	$	0.33

	For the Six Months Ended						For the Six Months Ended
	June 30, 2014						June 30, 2013
	Income (Numerator)			Weighted Average Units (Denominator)	Per Unit		Income (Numerator)			Weighted Average Units (Denominator)	Per Unit
Income from continuing operations net of noncontrolling interest - consolidated joint ventures	$	55,808					$	54,410
Less: Preferred unit distributions	(236		)				(1,883		)
Excess of preferred unit redemption over carrying amount	—						(1,236		)
Basic income from continuing operations
Income from continuing operations available to common unitholders	55,572			150,304	$	0.37	51,291			123,130	$	0.42
Dilutive units for long-term compensation plans	—			695			—			813
Diluted income from continuing operations
Income from continuing operations available to common unitholders	55,572			150,999	$	0.37	51,291			123,943	$	0.42
Basic income from discontinued operations
Discontinued operations	48,015			150,304	$	0.32	63,489			123,130	$	0.51
Dilutive units for long-term compensation plans	—			695			—			813
Diluted income from discontinued operations
Discontinued operations	48,015			150,999	$	0.32	63,489			123,943	$	0.51
Basic income per common unit
Income available to common unitholders	103,587			150,304	$	0.69	114,780			123,130	$	0.93
Dilutive units for long-term compensation plans	—			695			—			813
Diluted income per common unit
Income available to common unitholders	$	103,587		150,999	$	0.69	$	114,780		123,943	$	0.93