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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Real Estate [Abstract]    
Land and land improvements $ 1,094,121 $ 1,094,470
Building and improvements 4,562,908 4,501,921
Less accumulated depreciation (995,032) (940,115)
Operating real estate 4,661,997 4,656,276
Development in progress 410,027 267,450
Land held for development 351,933 336,569
Net real estate 5,423,957 5,260,295
Cash and cash equivalents 14,748 43,642
Restricted cash 18,115 12,383
Accounts receivable 14,509 13,994
Deferred rent receivable 120,124 109,245
Deferred financing and leasing costs, net of accumulated amortization (June 30, 2017, $161,544; December 31, 2016, $152,309) 159,112 153,393
Investments in and advances to unconsolidated joint ventures 268,346 245,078
Assets held for sale 2,731 4,548
Prepaid expenses and other assets 137,993 150,235
Total assets 6,159,635 5,992,813
LIABILITIES    
Mortgage loans 271,851 276,650
Unsecured notes 2,281,650 2,280,286
Credit facility 177,000 0
Accounts payable 56,188 65,914
Accrued interest 21,718 21,878
Dividend and distributions payable 60,334 71,501
Other liabilities 222,697 206,124
Total liabilities 3,091,438 2,922,353
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of June 30, 2017 and December 31, 2016 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 147,304,661 and 146,993,018 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 147 147
Additional paid-in capital 3,666,703 3,655,910
Accumulated other comprehensive loss (45,332) (56,031)
Distributions in excess of net income (619,929) (596,635)
Total Liberty Property Trust shareholders' equity 3,001,589 3,003,391
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 54,170 54,631
Noncontrolling interest - consolidated joint ventures 4,901 4,901
Total owners' equity 3,060,660 3,062,923
Total liabilities, noncontrolling interest - operating partnership and equity 6,159,635 5,992,813
Liberty Property Limited Partnership [Member]    
Real Estate [Abstract]    
Land and land improvements 1,094,121 1,094,470
Building and improvements 4,562,908 4,501,921
Less accumulated depreciation (995,032) (940,115)
Operating real estate 4,661,997 4,656,276
Development in progress 410,027 267,450
Land held for development 351,933 336,569
Net real estate 5,423,957 5,260,295
Cash and cash equivalents 14,748 43,642
Restricted cash 18,115 12,383
Accounts receivable 14,509 13,994
Deferred rent receivable 120,124 109,245
Deferred financing and leasing costs, net of accumulated amortization (June 30, 2017, $161,544; December 31, 2016, $152,309) 159,112 153,393
Investments in and advances to unconsolidated joint ventures 268,346 245,078
Assets held for sale 2,731 4,548
Prepaid expenses and other assets 137,993 150,235
Total assets 6,159,635 5,992,813
LIABILITIES    
Mortgage loans 271,851 276,650
Unsecured notes 2,281,650 2,280,286
Credit facility 177,000 0
Accounts payable 56,188 65,914
Accrued interest 21,718 21,878
Dividend and distributions payable 60,334 71,501
Other liabilities 222,697 206,124
Total liabilities 3,091,438 2,922,353
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of June 30, 2017 and December 31, 2016 7,537 7,537
EQUITY    
General partner’s equity - 147,304,661 and 146,993,018 common units outstanding as of June 30, 2017 and December 31, 2016, respectively 3,001,589 3,003,391
Limited partners' equity 54,170 54,631
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 4,901 4,901
Total owners' equity 3,060,660 3,062,923
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,159,635 $ 5,992,813