Income per Common Unit of the Operating Partnership (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share, Basic and Diluted [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, 2015					June 30, 2014
	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	$	35,513	148,778	$	0.24	$	28,961	147,012	$	0.20
Dilutive shares for long-term compensation plans	—		676			—		762
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	$	35,513	149,454	$	0.24	$	28,961	147,774	$	0.20
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	$	—	148,778	$	—	$	288	147,012	$	—
Dilutive shares for long-term compensation plans	—		676			—		762
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	$	—	149,454	$	—	$	288	147,774	$	—
Basic income per common share
Net income available to common shareholders	$	35,513	148,778	$	0.24	$	29,249	147,012	$	0.20
Dilutive shares for long-term compensation plans	—		676			—		762
Diluted income per common share
Net income available to common shareholders	$	35,513	149,454	$	0.24	$	29,249	147,774	$	0.20

	For the Six Months Ended					For the Six Months Ended
	June 30, 2015					June 30, 2014
	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	$	66,464	148,574	$	0.45	$	54,137	146,749	$	0.37
Dilutive shares for long-term compensation plans	—		673			—		695
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	66,464		149,247	$	0.45	54,137		147,444	$	0.37
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	—		148,574	$	—	47,012		146,749	$	0.32
Dilutive shares for long-term compensation plans	—		673			—		695
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	—		149,247	$	—	47,012		147,444	$	0.32
Basic income per common share
Net income available to common shareholders	66,464		148,574	$	0.45	101,149		146,749	$	0.69
Dilutive shares for long-term compensation plans	—		673			—		695
Diluted income per common share
Net income available to common shareholders	$	66,464	149,247	$	0.45	$	101,149	147,444	$	0.69

Liberty Property Limited Partnership [Member]

Earnings Per Share, Basic and Diluted [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, 2015						June 30, 2014
	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	$	36,471					$	29,775
Less: Preferred unit distributions	(118		)				(118		)
Basic income from continuing operations
Income from continuing operations available to common unitholders	$	36,353		152,317	$	0.24	$	29,657		150,563	$	0.20
Dilutive units for long-term compensation plans	—			676			—			762
Diluted income from continuing operations
Income from continuing operations available to common unitholders	$	36,353		152,993	$	0.24	$	29,657		151,325	$	0.20
Basic income from discontinued operations
Discontinued operations	$	—		152,317	$	—	$	295		150,563	$	—
Dilutive units for long-term compensation plans	—			676			—			762
Diluted income from discontinued operations
Discontinued operations	$	—		152,993	$	—	$	295		151,325	$	—
Basic income per common unit
Income available to common unitholders	$	36,353		152,317	$	0.24	$	29,952		150,563	$	0.20
Dilutive units for long-term compensation plans	—			676			—			762
Diluted income per common unit
Income available to common unitholders	$	36,353		152,993	$	0.24	$	29,952		151,325	$	0.20

	For the Six Months Ended						For the Six Months Ended
	June 30, 2015						June 30, 2014
	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	$	68,275					$	55,680
Less: Preferred unit distributions	(236		)				(236		)
Basic income from continuing operations
Income from continuing operations available to common unitholders	68,039			152,114	$	0.45	55,444			150,304	$	0.37
Dilutive units for long-term compensation plans	—			673			—			695
Diluted income from continuing operations
Income from continuing operations available to common unitholders	68,039			152,787	$	0.45	55,444			150,999	$	0.37
Basic income from discontinued operations
Discontinued operations	—			152,114	$	—	48,143			150,304	$	0.32
Dilutive units for long-term compensation plans	—			673			—			695
Diluted income from discontinued operations
Discontinued operations	—			152,787	$	—	48,143			150,999	$	0.32
Basic income per common unit
Income available to common unitholders	68,039			152,114	$	0.45	103,587			150,304	$	0.69
Dilutive units for long-term compensation plans	—			673			—			695
Diluted income per common unit
Income available to common unitholders	$	68,039		152,787	$	0.45	$	103,587		150,999	$	0.69