XML 18 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Real Estate [Abstract]    
Land and land improvements $ 1,186,960 $ 1,183,411
Building and improvements 5,127,287 5,124,521
Less accumulated depreciation (1,159,991) (1,148,228)
Operating real estate 5,154,256 5,159,704
Development in progress 335,927 360,948
Land held for development 341,356 336,967
Net real estate 5,831,539 5,857,619
Cash and cash equivalents 43,663 35,353
Restricted cash 6,606 9,018
Accounts receivable 18,319 14,343
Deferred rent receivable 121,278 118,787
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2016, $170,558; December 31, 2015, $175,243) 183,813 192,038
Investments in and advances to unconsolidated joint ventures 210,341 218,454
Assets held for sale 7,918 12,968
Prepaid expenses and other assets 94,821 99,049
Total assets 6,518,298 6,557,629
LIABILITIES    
Mortgage loans 304,360 307,908
Unsecured notes 2,580,910 2,580,108
Credit facility 260,000 259,000
Accounts payable 60,328 51,382
Accrued interest 43,130 26,154
Dividend and distributions payable 71,317 71,787
Other liabilities 228,868 243,806
Total liabilities 3,548,913 3,540,145
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2016 and December 31, 2015 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 146,603,946 and 147,577,984 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively 147 148
Additional paid-in capital 3,640,341 3,669,627
Accumulated other comprehensive loss (24,188) (17,893)
Distributions in excess of net income (711,034) (698,954)
Total Liberty Property Trust shareholders' equity 2,905,266 2,952,928
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 52,663 53,100
Noncontrolling interest - consolidated joint ventures 3,919 3,919
Total owners' equity 2,961,848 3,009,947
Total liabilities, noncontrolling interest - operating partnership and equity 6,518,298 6,557,629
Liberty Property Limited Partnership [Member]    
Real Estate [Abstract]    
Land and land improvements 1,186,960 1,183,411
Building and improvements 5,127,287 5,124,521
Less accumulated depreciation (1,159,991) (1,148,228)
Operating real estate 5,154,256 5,159,704
Development in progress 335,927 360,948
Land held for development 341,356 336,967
Net real estate 5,831,539 5,857,619
Cash and cash equivalents 43,663 35,353
Restricted cash 6,606 9,018
Accounts receivable 18,319 14,343
Deferred rent receivable 121,278 118,787
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2016, $170,558; December 31, 2015, $175,243) 183,813 192,038
Investments in and advances to unconsolidated joint ventures 210,341 218,454
Assets held for sale 7,918 12,968
Prepaid expenses and other assets 94,821 99,049
Total assets 6,518,298 6,557,629
LIABILITIES    
Mortgage loans 304,360 307,908
Unsecured notes 2,580,910 2,580,108
Credit facility 260,000 259,000
Accounts payable 60,328 51,382
Accrued interest 43,130 26,154
Dividend and distributions payable 71,317 71,787
Other liabilities 228,868 243,806
Total liabilities 3,548,913 3,540,145
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2016 and December 31, 2015 7,537 7,537
EQUITY    
General partner’s equity - 146,603,946 and 147,577,984 common units outstanding as of March 31, 2016 and December 31, 2015, respectively 2,905,266 2,952,928
Limited partners' equity 52,663 53,100
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,919 3,919
Total owners' equity 2,961,848 3,009,947
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,518,298 $ 6,557,629