Income per Common Unit of the Operating Partnership (Tables)

9 Months Ended

Sep. 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
	September 30, 2019					September 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	$	59,091	150,140	$	0.39	$	43,713	147,324	$	0.30
Dilutive shares for long-term compensation plans	—		839			—		947
Income from continuing operations net of noncontrolling interest - diluted	$	59,091	150,979	$	0.39	$	43,713	148,271	$	0.29
Discontinued operations net of noncontrolling interests - basic	$	41,273	150,140	$	0.28	$	106,430	147,324	$	0.72
Dilutive shares for long-term compensation plans	—		839			—		947
Discontinued operations net of noncontrolling interests - diluted	$	41,273	150,979	$	0.27	$	106,430	148,271	$	0.72
Net income available to common shareholders - basic	$	100,364	150,140	$	0.67	$	150,143	147,324	$	1.02
Dilutive shares for long-term compensation plans	—		839			—		947
Net income available to common shareholders - diluted	$	100,364	150,979	$	0.66	$	150,143	148,271	$	1.01
	Nine Months Ended					Nine Months Ended
	September 30, 2019					September 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	$	151,150	148,532	$	1.02	$	91,051	147,241	$	0.62
Dilutive shares for long-term compensation plans	—		851			—		919
Income from continuing operations net of noncontrolling interest - diluted	$	151,150	149,383	$	1.01	$	91,051	148,160	$	0.61
Discontinued operations net of noncontrolling interests - basic	$	103,315	148,532	$	0.69	$	218,887	147,241	$	1.48
Dilutive shares for long-term compensation plans	—		851			—		919
Discontinued operations net of noncontrolling interests - diluted	$	103,315	149,383	$	0.69	$	218,887	148,160	$	1.48
Net income available to common shareholders - basic	$	254,465	148,532	$	1.71	$	309,938	147,241	$	2.10
Dilutive shares for long-term compensation plans	—		851			—		919
Net income available to common shareholders - diluted	$	254,465	149,383	$	1.70	$	309,938	148,160	$	2.09

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
	September 30, 2019						September 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	$	60,484					$	44,865
Less: Preferred unit distributions	(83		)				(118		)
Income from continuing operations available to common unitholders - basic	$	60,401		153,646	$	0.39	$	44,747		150,844	$	0.30
Dilutive units for long-term compensation plans	—			839			—			947
Income from continuing operations available to common unitholders - diluted	$	60,401		154,485	$	0.39	$	44,747		151,791	$	0.29
Income from discontinued operations net of noncontrolling interest consolidated joint venture - basic	$	42,189		153,646	$	0.28	$	108,974		150,844	$	0.72
Dilutive units for long-term compensation plans	—			839			—			947
Income from discontinued operations net of noncontrolling interest consolidated joint venture - basic	$	42,189		154,485	$	0.27	$	108,974		151,791	$	0.72
Income available to common unitholders - basic	$	102,590		153,646	$	0.67	$	153,721		150,844	$	1.02
Dilutive units for long-term compensation plans	—			839			—			947
Income available to common unitholders - diluted	$	102,590		154,485	$	0.66	$	153,721		151,791	$	1.01

	Nine Months Ended						Nine Months Ended
	September 30, 2019						September 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	$	154,872					$	93,557
Less: Preferred unit distributions	(251		)				(354		)
Income from continuing operations available to common unitholders - basic	154,621			152,045	$	1.02	93,203			150,761	$	0.62
Dilutive units for long-term compensation plans	—			851			—			919
Income from continuing operations available to common unitholders - diluted	$	154,621		152,896	$	1.01	$	93,203		151,680	$	0.61
Income from discontinued operations net of noncontrolling interest consolidated joint venture - basic	$	105,719		152,045	$	0.69	$	224,119		150,761	$	1.48
Dilutive units for long-term compensation plans	—			851			—			919
Income from discontinued operations net of noncontrolling interest consolidated joint venture - basic	$	105,719		152,896	$	0.69	$	224,119		151,680	$	1.48
Net income available to common unitholders - basic	$	260,340		152,045	$	1.71	$	317,322		150,761	$	2.10
Dilutive units for long-term compensation plans	—			851			—			919
Net income available to common unitholders - diluted	$	260,340		152,896	$	1.70	$	317,322		151,680	$	2.09