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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Land and land improvements $ 838,730 $ 833,827
Building and improvements 4,179,856 4,136,214
Less accumulated depreciation (1,070,428) (1,001,737)
Operating real estate 3,948,158 3,968,304
Development in progress 11,829  
Land held for development 210,605 209,253
Net real estate 4,170,592 4,177,557
Cash and cash equivalents 49,895 108,409
Restricted cash 50,151 49,526
Accounts receivable 7,750 6,898
Deferred rent receivable 106,851 103,336
Deferred financing and leasing costs, net of accumulated amortization (2011, $120,290; 2010, $115,118) 131,047 134,419
Investments in and advances to unconsolidated joint ventures 175,472 171,916
Assets held for sale 41,533 239,113
Prepaid expenses and other assets 113,080 73,625
Total assets 4,846,371 5,064,799
LIABILITIES    
Mortgage loans 293,702 320,679
Unsecured notes 1,792,643 2,039,143
Credit facility 33,000  
Accounts payable 28,595 23,652
Accrued interest 24,375 29,821
Dividend and distributions payable 56,632 56,149
Other liabilities 141,959 156,803
Total liabilities 2,370,906 2,626,247
EQUITY    
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized; 116,575,289 (includes 1,249,909 in treasury) and 115,530,608 (includes 1,249,909 in treasury) shares issued and outstanding as of June 30, 2011 and December 31, 2010, respectively 117 116
Additional paid-in capital 2,591,408 2,560,193
Accumulated other comprehensive income (loss) 1,956 (155)
Distributions in excess of net income (421,507) (426,017)
Common shares in treasury, at cost, 1,249,909 shares as of June 30, 2011 and December 31, 2010 (51,951) (51,951)
Total Liberty Property Trust shareholders' equity 2,120,023 2,082,186
Limited partners' equity    
Noncontrolling interest - consolidated joint ventures 328 786
Total equity 2,475,465 2,438,552
Total liabilities and equity 4,846,371 5,064,799
Liberty Property Limited Partnership [Member] | Limited Partner's Common Units [Member]
   
Limited partners' equity    
Limited partners' equity 67,155 67,621
Limited Partner's Common Units [Member]
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnership 67,155 67,621
Liberty Property Limited Partnership [Member] | Limited Partner's Preferred Units [Member]
   
Limited partners' equity    
Limited partners' equity 287,959 287,959
Limited Partner's Preferred Units [Member]
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnership 287,959 287,959
Liberty Property Limited Partnership [Member]
   
ASSETS    
Land and land improvements 838,730 833,827
Building and improvements 4,179,856 4,136,214
Less accumulated depreciation (1,070,428) (1,001,737)
Operating real estate 3,948,158 3,968,304
Development in progress 11,829  
Land held for development 210,605 209,253
Net real estate 4,170,592 4,177,557
Cash and cash equivalents 49,895 108,409
Restricted cash 50,151 49,526
Accounts receivable 7,750 6,898
Deferred rent receivable 106,851 103,336
Deferred financing and leasing costs, net of accumulated amortization (2011, $120,290; 2010, $115,118) 131,047 134,419
Investments in and advances to unconsolidated joint ventures 175,472 171,916
Assets held for sale 41,533 239,113
Prepaid expenses and other assets 113,080 73,625
Total assets 4,846,371 5,064,799
LIABILITIES    
Mortgage loans 293,702 320,679
Unsecured notes 1,792,643 2,039,143
Credit facility 33,000  
Accounts payable 28,595 23,652
Accrued interest 24,375 29,821
Dividend and distributions payable 56,632 56,149
Other liabilities 141,959 156,803
Total liabilities 2,370,906 2,626,247
Limited partners' equity    
General partner's equity - common units, 115,017,633 and 113,875,211 units outstanding as of September 30, 2010 and December 31, 2009, respectively 2,120,023 2,082,186
Noncontrolling interest - consolidated joint ventures 328 786
Total equity 2,475,465 2,438,552
Total liabilities and equity $ 4,846,371 $ 5,064,799