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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
OPERATING REVENUE    
Rental $ 119,591 $ 114,724
Operating expense reimbursement 50,346 51,410
Total operating revenue 169,937 166,134
OPERATING EXPENSE    
Rental property 30,440 31,750
Real estate taxes 20,782 19,489
General and administrative 17,204 15,949
Depreciation and amortization 41,367 39,077
Total operating expenses 109,793 106,265
Operating income 60,144 59,869
OTHER INCOME (EXPENSE)    
Interest and other income 2,762 2,589
Interest expense (28,476) (32,889)
Total other income (expense) (25,714) (30,300)
Income before property dispositions, income taxes and equity in earnings of unconsolidated joint ventures 34,430 29,569
Gain on property dispositions 523 1,161
Income taxes (178) (550)
Equity in earnings of unconsolidated joint ventures 916 534
Income from continuing operations 35,691 30,714
Discontinued operations 3,911 4,229
Net income 39,602 34,943
Noncontrolling interest – operating partnership (2,513) (6,235)
Noncontrolling interest - consolidated joint ventures 0 201
Preferred Stock Redemption Discount 3,729  
Net income available to common shareholders 37,089 28,909
Comprehensive Income (Loss), Net of Tax, Attributable to Common Shareholders [Abstract]    
Other comprehensive income 2,317 2,144
Comprehensive Income 41,919 37,087
Less: comprehensive income attributable to noncontrolling interest (2,586) (6,306)
Comprehensive income attributable to common shareholders 39,333 30,781
Basic:    
Income from continuing operations $ 0.29 $ 0.21
Income from discontinued operations $ 0.03 $ 0.04
Income per common share - basic $ 0.32 $ 0.25
Diluted:    
Income from continuing operations $ 0.29 $ 0.21
Income from discontinued operations $ 0.03 $ 0.04
Income per common share - diluted $ 0.32 $ 0.25
Common Stock, Dividends, Per Share, Declared $ 0.475 $ 0.475
Weighted average number of common shares outstanding    
Basic 115,972 114,013
Diluted 116,743 114,766
Amounts attributable to common shareholders    
Income from continuing operations 33,301 24,820
Discontinued operations 3,788 4,089
Net income available to common shareholders 37,089 28,909
Liberty Property Limited Partnership [Member]
   
OPERATING REVENUE    
Rental 119,591 114,724
Operating expense reimbursement 50,346 51,410
Total operating revenue 169,937 166,134
OPERATING EXPENSE    
Rental property 30,440 31,750
Real estate taxes 20,782 19,489
General and administrative 17,204 15,949
Depreciation and amortization 41,367 39,077
Total operating expenses 109,793 106,265
Operating income 60,144 59,869
OTHER INCOME (EXPENSE)    
Interest and other income 2,762 2,589
Interest expense (28,476) (32,889)
Total other income (expense) (25,714) (30,300)
Income before property dispositions, income taxes and equity in earnings of unconsolidated joint ventures 34,430 29,569
Gain on property dispositions 523 1,161
Income taxes (178) (550)
Equity in earnings of unconsolidated joint ventures 916 534
Income from continuing operations 35,691 30,714
Discontinued operations 3,911 4,229
Net income 39,602 34,943
Noncontrolling interest - consolidated joint ventures 0 201
Preferred unit distributions (5,035) (5,253)
Preferred Stock Redemption Discount 3,729 0
Net income available to common shareholders 38,296 29,891
Comprehensive Income (Loss), Net of Tax, Attributable to Common Shareholders [Abstract]    
Other comprehensive income 2,317 2,144
Comprehensive Income 41,919 37,087
Basic:    
Income from continuing operations $ 0.29 $ 0.21
Income from discontinued operations $ 0.03 $ 0.04
Income per common share - basic $ 0.32 $ 0.25
Diluted:    
Income from continuing operations $ 0.29 $ 0.21
Income from discontinued operations $ 0.03 $ 0.04
Income per common share - diluted $ 0.32 $ 0.25
Common Stock, Dividends, Per Share, Declared $ 0.475 $ 0.475
Weighted average number of common shares outstanding    
Basic 119,781 117,942
Diluted 120,552 118,695
Net Income (Loss) Allocated to General Partners 37,089 28,909
Net Income (Loss) Allocated to Limited Partners 2,513 6,235
Amounts attributable to common shareholders    
Income from continuing operations 35,691 30,915
Net income available to common shareholders $ 38,296 $ 29,891