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Income per Common Unit of the Operating Partnership (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Unit, Basic and Diluted [Line Items]  
Schedule of earnings per share
The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts):
 
Three Months Ended
 
Three Months Ended
 
June 30, 2019
 
June 30, 2018
 
Income
(Numerator)
 
Weighted
Average
Shares
(Denominator)
 
Per Share
 
Income
(Numerator)
 
Weighted
Average
Shares
(Denominator)
 
Per Share
Income from continuing operations net of noncontrolling interest - basic
$
52,764

 
147,805

 
$
0.36

 
$
7,308

 
147,274

 
$
0.05

Dilutive shares for long-term compensation plans

 
863

 
 
 

 
1,059

 
 
Income from continuing operations net of noncontrolling interest - diluted
$
52,764

 
148,668

 
$
0.35

 
$
7,308

 
148,333

 
$
0.05

Discontinued operations net of noncontrolling interests - basic
$
47,005

 
147,805

 
$
0.32

 
$
12,306

 
147,274

 
$
0.08

Dilutive shares for long-term compensation plans

 
863

 
 
 

 
1,059

 
 
Discontinued operations net of noncontrolling interests - diluted
$
47,005

 
148,668

 
$
0.32

 
$
12,306

 
148,333

 
$
0.08

Net income available to common shareholders - basic
$
99,769

 
147,805

 
$
0.68

 
$
19,614

 
147,274

 
$
0.13

Dilutive shares for long-term compensation plans

 
863

 
 
 

 
1,059

 
 
Net income available to common shareholders - diluted
$
99,769

 
148,668

 
$
0.67

 
$
19,614

 
148,333

 
$
0.13

 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
Six Months Ended
 
June 30, 2019
 
June 30, 2018
 
Income
(Numerator)
 
Weighted
Average
Shares
(Denominator)
 
Per Share
 
Income
(Numerator)
 
Weighted
Average
Shares
(Denominator)
 
Per Share
Income from continuing operations net of noncontrolling interest - basic
$
92,000

 
147,706

 
$
0.62

 
$
47,447

 
147,184

 
$
0.33

Dilutive shares for long-term compensation plans

 
900

 
 
 

 
920

 
 
Income from continuing operations net of noncontrolling interest - diluted
$
92,000

 
148,606

 
$
0.62

 
$
47,447

 
148,104

 
$
0.32

Discontinued operations net of noncontrolling interests - basic
$
62,100

 
147,706

 
$
0.42

 
$
112,348

 
147,184

 
$
0.76

Dilutive shares for long-term compensation plans

 
900

 
 
 

 
920

 
 
Discontinued operations net of noncontrolling interests - diluted
$
62,100

 
148,606

 
$
0.42

 
$
112,348

 
148,104

 
$
0.76

Net income available to common shareholders - basic
$
154,100

 
147,706

 
$
1.04

 
$
159,795

 
147,184

 
$
1.09

Dilutive shares for long-term compensation plans

 
900

 
 
 

 
920

 
 
Net income available to common shareholders - diluted
$
154,100

 
148,606

 
$
1.04

 
$
159,795

 
148,104

 
$
1.08

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Liberty Property Limited Partnership  
Earnings Per Unit, Basic and Diluted [Line Items]  
Schedule of earnings per share
The following table sets forth the computation of basic and diluted income per common unit of the Operating Partnership (in thousands, except per unit amounts):
 
Three Months Ended
 
Three Months Ended
 
June 30, 2019
 
June 30, 2018
 
Income (Numerator)
 
Weighted
Average Units
(Denominator)
 
Per Unit
 
Income
(Numerator)
 
Weighted
Average Units
(Denominator)
 
Per Unit
Income from continuing operations - net of noncontrolling interest - consolidated joint ventures
$
54,093

 
 
 
 
 
$
7,597

 
 
 
 
Less: Preferred unit distributions
(84
)
 
 
 
 
 
(118
)
 
 
 
 
Income from continuing operations available to common unitholders - basic
$
54,009

 
151,319

 
$
0.36

 
$
7,479

 
150,794

 
$
0.05

Dilutive units for long-term compensation plans

 
863

 
 
 

 
1,059

 
 
Income from continuing operations available to common unitholders - diluted
$
54,009

 
152,182

 
$
0.35

 
$
7,479

 
151,853

 
$
0.05

Income from discontinued operations net of noncontrolling interest consolidated joint venture - basic
$
48,119

 
151,319

 
$
0.32

 
$
12,602

 
150,794

 
$
0.08

Dilutive units for long-term compensation plans

 
863

 
 
 

 
1,059

 
 
Income from discontinued operations net of noncontrolling interest consolidated joint venture - basic
$
48,119

 
152,182

 
$
0.32

 
$
12,602

 
151,853

 
$
0.08

Income available to common unitholders - basic
$
102,128

 
151,319

 
$
0.68

 
$
20,081

 
150,794

 
$
0.13

Dilutive units for long-term compensation plans

 
863

 
 
 

 
1,059

 
 
Income available to common unitholders - diluted
$
102,128

 
152,182

 
$
0.67

 
$
20,081

 
151,853

 
$
0.13

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Six Months Ended
 
Six Months Ended
 
June 30, 2019
 
June 30, 2018
 
Income
(Numerator)
 
Weighted
Average Units
(Denominator)
 
Per Unit
 
Income
(Numerator)
 
Weighted
Average Units
(Denominator)
 
Per Unit
Net income - net of noncontrolling interest - consolidated joint ventures
$
94,338

 
 
 
 
 
$
48,804

 
 
 
 
Less: Preferred unit distributions
(168
)
 
 
 
 
 
(236
)
 
 
 
 
Income from continuing operations available to common unitholders - basic
94,170

 
151,223

 
$
0.62

 
48,568

 
150,704

 
$
0.33

Dilutive units for long-term compensation plans

 
900

 
 
 

 
920

 
 
Income from continuing operations available to common unitholders - diluted
$
94,170

 
152,123

 
$
0.62

 
$
48,568

 
151,624

 
$
0.32

Income from discontinued operations net of noncontrolling interest consolidated joint venture - basic
$
63,579

 
151,223

 
$
0.42

 
$
115,033

 
150,704

 
$
0.76

Dilutive units for long-term compensation plans

 
900

 
 
 

 
920

 
 
Income from discontinued operations net of noncontrolling interest consolidated joint venture - basic
$
63,579

 
152,123

 
$
0.42

 
$
115,033

 
151,624

 
$
0.76

Net income available to common unitholders - basic
$
157,749

 
151,223

 
$
1.04

 
$
163,601

 
150,704

 
$
1.09

Dilutive units for long-term compensation plans

 
900

 
 
 

 
920

 
 
Net income available to common unitholders - diluted
$
157,749

 
152,123

 
$
1.04

 
$
163,601

 
151,624

 
$
1.08