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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Real Estate [Abstract]    
Land and land improvements $ 1,218,906 $ 1,189,760
Building and improvements 5,352,219 5,343,908
Less accumulated depreciation (1,228,702) (1,182,569)
Operating real estate 5,342,423 5,351,099
Development in progress 338,673 277,411
Land held for development 291,159 269,059
Net real estate 5,972,255 5,897,569
Cash and cash equivalents 48,652 69,346
Restricted cash 14,939 20,325
Accounts receivable 14,384 15,481
Deferred rent receivable 119,224 107,909
Deferred financing and leasing costs, net of accumulated amortization (2015, $180,608; 2014, $169,468) 208,623 206,286
Investments in and advances to unconsolidated joint ventures 213,894 208,832
Assets held for sale 0 8,389
Prepaid expenses and other assets 97,822 91,399
Total assets 6,689,793 6,625,536
LIABILITIES    
Mortgage loans 372,660 487,301
Unsecured notes 2,608,307 2,509,094
Credit facility 300,000 167,000
Accounts payable 60,256 52,043
Accrued interest 43,771 24,513
Dividend and distributions payable 71,863 72,253
Other liabilities 218,290 219,418
Total liabilities 3,675,147 3,531,622
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of September 30, 2015 and December 31, 2014 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 147,753,980 and 148,557,270 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively 148 149
Additional paid-in capital 3,673,001 3,688,644
Accumulated other comprehensive loss (13,837) (6,252)
Distributions in excess of net income (709,091) (654,869)
Total Liberty Property Trust shareholders' equity 2,950,221 3,027,672
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 52,969 54,786
Noncontrolling interest - consolidated joint ventures 3,919 3,919
Total owners' equity 3,007,109 3,086,377
Total liabilities, noncontrolling interest - operating partnership and equity 6,689,793 6,625,536
Liberty Property Limited Partnership [Member]    
Real Estate [Abstract]    
Land and land improvements 1,218,906 1,189,760
Building and improvements 5,352,219 5,343,908
Less accumulated depreciation (1,228,702) (1,182,569)
Operating real estate 5,342,423 5,351,099
Development in progress 338,673 277,411
Land held for development 291,159 269,059
Net real estate 5,972,255 5,897,569
Cash and cash equivalents 48,652 69,346
Restricted cash 14,939 20,325
Accounts receivable 14,384 15,481
Deferred rent receivable 119,224 107,909
Deferred financing and leasing costs, net of accumulated amortization (2015, $180,608; 2014, $169,468) 208,623 206,286
Investments in and advances to unconsolidated joint ventures 213,894 208,832
Assets held for sale 0 8,389
Prepaid expenses and other assets 97,822 91,399
Total assets 6,689,793 6,625,536
LIABILITIES    
Mortgage loans 372,660 487,301
Unsecured notes 2,608,307 2,509,094
Credit facility 300,000 167,000
Accounts payable 60,256 52,043
Accrued interest 43,771 24,513
Dividend and distributions payable 71,863 72,253
Other liabilities 218,290 219,418
Total liabilities 3,675,147 3,531,622
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of September 30, 2015 and December 31, 2014 7,537 7,537
EQUITY    
General partner’s equity - 147,753,980 and 148,557,270 common units outstanding as of September 30, 2015 and December 31, 2014, respectively 2,950,221 3,027,672
Limited partners' equity 52,969 54,786
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,919 3,919
Total owners' equity 3,007,109 3,086,377
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,689,793 $ 6,625,536