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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Real Estate [Abstract]    
Land and land improvements $ 1,180,071 $ 1,138,337
Building and improvements 4,448,883 4,358,264
Less accumulated depreciation (962,688) (933,173)
Operating real estate 4,666,266 4,563,428
Development in progress 373,154 333,437
Land held for development 316,226 330,748
Net real estate 5,355,646 5,227,613
Cash and cash equivalents 30,380 11,882
Restricted cash 9,366 13,803
Accounts receivable 12,767 11,231
Deferred rent receivable 117,776 113,282
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2018, $168,754; December 31, 2017, $164,755) 151,530 152,471
Investments in and advances to unconsolidated joint ventures 350,458 288,456
Assets held for sale 238,199 330,186
Prepaid expenses and other assets 148,509 290,833
Total assets 6,414,631 6,439,757
LIABILITIES    
Mortgage loans 264,906 267,093
Unsecured notes 2,284,197 2,283,513
Credit facility 257,175 358,939
Accounts payable 68,499 77,625
Accrued interest 34,855 21,796
Dividend and distributions payable 60,518 60,330
Other liabilities 186,807 205,055
Liabilities held for sale 1,849 9,503
Total liabilities 3,158,806 3,283,854
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2018 and December 31, 2017 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 147,773,141 and 147,450,691 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 148 147
Additional paid-in capital 3,683,660 3,674,978
Accumulated other comprehensive loss (29,674) (37,797)
Distributions in excess of net income (468,883) (549,970)
Total Liberty Property Trust shareholders' equity 3,185,251 3,087,358
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 58,186 56,159
Noncontrolling interest - consolidated joint ventures 4,851 4,849
Total owners' equity 3,248,288 3,148,366
Total liabilities, noncontrolling interest - operating partnership and equity 6,414,631 6,439,757
Liberty Property Limited Partnership [Member]    
Real Estate [Abstract]    
Land and land improvements 1,180,071 1,138,337
Building and improvements 4,448,883 4,358,264
Less accumulated depreciation (962,688) (933,173)
Operating real estate 4,666,266 4,563,428
Development in progress 373,154 333,437
Land held for development 316,226 330,748
Net real estate 5,355,646 5,227,613
Cash and cash equivalents 30,380 11,882
Restricted cash 9,366 13,803
Accounts receivable 12,767 11,231
Deferred rent receivable 117,776 113,282
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2018, $168,754; December 31, 2017, $164,755) 151,530 152,471
Investments in and advances to unconsolidated joint ventures 350,458 288,456
Assets held for sale 238,199 330,186
Prepaid expenses and other assets 148,509 290,833
Total assets 6,414,631 6,439,757
LIABILITIES    
Mortgage loans 264,906 267,093
Unsecured notes 2,284,197 2,283,513
Credit facility 257,175 358,939
Accounts payable 68,499 77,625
Accrued interest 34,855 21,796
Dividend and distributions payable 60,518 60,330
Other liabilities 186,807 205,055
Liabilities held for sale 1,849 9,503
Total liabilities 3,158,806 3,283,854
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2018 and December 31, 2017 7,537 7,537
EQUITY    
General partner’s equity - 147,773,141 and 147,450,691 common units outstanding as of March 31, 2018 and December 31, 2017, respectively 3,185,251 3,087,358
Limited partners' equity 58,186 56,159
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 4,851 4,849
Total owners' equity 3,248,288 3,148,366
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,414,631 $ 6,439,757