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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Land and land improvements $ 1,184,927 $ 1,188,774
Building and improvements 5,131,648 5,339,314
Less accumulated depreciation (1,148,928) (1,182,129)
Operating real estate 5,167,647 5,345,959
Development in progress 360,948 277,411
Land held for development 336,967 269,059
Net real estate 5,865,562 5,892,429
Cash and cash equivalents 35,353 69,346
Restricted cash 9,018 20,325
Accounts receivable, net 14,343 15,481
Deferred rent receivable, net 118,787 107,909
Deferred financing and leasing costs, net 192,109 192,764
Investments in and advances to unconsolidated joint ventures 218,454 208,832
Assets held for sale 4,954 13,529
Prepaid expenses and other assets 99,049 91,399
Total assets 6,557,629 6,612,014
LIABILITIES    
Mortgage loans, net 307,908 484,852
Unsecured notes, net 2,580,108 2,498,021
Credit facility 259,000 167,000
Accounts payable 51,382 52,043
Accrued interest 26,154 24,513
Dividend and distributions payable 71,787 72,253
Other liabilities 243,806 219,418
Total liabilities 3,540,145 3,518,100
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2015 and December 31, 2014 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 147,577,984 and 148,557,270 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively 148 149
Additional paid-in capital 3,669,627 3,688,644
Accumulated other comprehensive loss (17,893) (6,252)
Distributions in excess of net income (698,954) (654,869)
Total Liberty Property Trust shareholders' equity 2,952,928 3,027,672
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 53,100 54,786
Noncontrolling interest - consolidated joint ventures 3,919 3,919
Total equity 3,009,947 3,086,377
Total liabilities, noncontrolling interest - operating partnership and equity 6,557,629 6,612,014
Liberty Property Limited Partnership [Member]    
ASSETS    
Land and land improvements 1,184,927 1,188,774
Building and improvements 5,131,648 5,339,314
Less accumulated depreciation (1,148,928) (1,182,129)
Operating real estate 5,167,647 5,345,959
Development in progress 360,948 277,411
Land held for development 336,967 269,059
Net real estate 5,865,562 5,892,429
Cash and cash equivalents 35,353 69,346
Restricted cash 9,018 20,325
Accounts receivable, net 14,343 15,481
Deferred rent receivable, net 118,787 107,909
Deferred financing and leasing costs, net 192,109 192,764
Investments in and advances to unconsolidated joint ventures 218,454 208,832
Assets held for sale 4,954 13,529
Prepaid expenses and other assets 99,049 91,399
Total assets 6,557,629 6,612,014
LIABILITIES    
Mortgage loans, net 307,908 484,852
Unsecured notes, net 2,580,108 2,498,021
Credit facility 259,000 167,000
Accounts payable 51,382 52,043
Accrued interest 26,154 24,513
Dividend and distributions payable 71,787 72,253
Other liabilities 243,806 219,418
Total liabilities 3,540,145 3,518,100
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2015 and December 31, 2014 7,537 7,537
EQUITY    
General partner’s equity 2,952,928 3,027,672
Limited partners’ equity 53,100 54,786
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,919 3,919
Total equity 3,009,947 3,086,377
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,557,629 $ 6,612,014