XML 69 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Land and land improvements $ 900,501,000 $ 852,785,000
Building and improvements 4,353,433,000 4,092,056,000
Less accumulated depreciation (1,170,030,000) (1,047,336,000)
Operating real estate 4,083,904,000 3,897,505,000
Development in progress 248,602,000 88,848,000
Land held for development 258,324,000 219,375,000
Net real estate 4,590,830,000 4,205,728,000
Cash and cash equivalents 38,356,000 18,204,000
Restricted cash 33,147,000 63,659,000
Accounts receivable 8,988,000 8,192,000
Deferred rent receivable 108,628,000 102,613,000
Deferred financing and leasing costs, net 141,245,000 129,614,000
Investments in and advances to unconsolidated joint ventures 169,021,000 174,687,000
Assets held for sale 0 210,790,000
Prepaid expenses and other assets 87,756,000 76,186,000
Total assets 5,177,971,000 4,989,673,000
LIABILITIES    
Mortgage Loans 302,855,000 290,819,000
Unsecured notes 2,262,543,000 1,792,643,000
Credit facility 92,000,000 139,400,000
Accounts payable 31,058,000 23,418,000
Accrued interest 20,164,000 24,147,000
Dividend and distributions payable 58,038,000 56,958,000
Other liabilities 185,956,000 194,995,000
Total liabilities 2,952,614,000 2,522,380,000
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2012 and December 31, 2011 7,537,000 7,537,000
EQUITY    
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized; 119,720,776 (includes 1,249,909 in treasury) and 117,352,353 (includes 1,249,909 in treasury) shares issued and outstanding as of December 31, 2012 and December 31, 2011, respectively 119,000 117,000
Additional paid-in capital 2,687,701,000 2,617,355,000
Accumulated other comprehensive income (loss) 2,900,000 (429,000)
Distributions in excess of net income (547,757,000) (461,498,000)
Common shares in treasury, at cost, 1,249,909 shares as of December 31, 2012 and 2011 (51,951,000) (51,951,000)
Total Liberty Property Trust shareholders' equity 2,091,012,000 2,103,594,000
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,321,000 3,775,000
Total equity 2,217,820,000 2,459,756,000
Total liabilities, noncontrolling interest - operating partnership and equity 5,177,971,000 4,989,673,000
Limited Partner's Common Units [Member]
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 60,223,000 64,428,000
Limited Partner's Preferred Units [Member]
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 63,264,000 287,959,000
Liberty Property Limited Partnership [Member]
   
ASSETS    
Land and land improvements 900,501,000 852,785,000
Building and improvements 4,353,433,000 4,092,056,000
Less accumulated depreciation (1,170,030,000) (1,047,336,000)
Operating real estate 4,083,904,000 3,897,505,000
Development in progress 248,602,000 88,848,000
Land held for development 258,324,000 219,375,000
Net real estate 4,590,830,000 4,205,728,000
Cash and cash equivalents 38,356,000 18,204,000
Restricted cash 33,147,000 63,659,000
Accounts receivable 8,988,000 8,192,000
Deferred rent receivable 108,628,000 102,613,000
Deferred financing and leasing costs, net 141,245,000 129,614,000
Investments in and advances to unconsolidated joint ventures 169,021,000 174,687,000
Assets held for sale 0 210,790,000
Prepaid expenses and other assets 87,756,000 76,186,000
Total assets 5,177,971,000 4,989,673,000
LIABILITIES    
Mortgage Loans 302,855,000 290,819,000
Unsecured notes 2,262,543,000 1,792,643,000
Credit facility 92,000,000 139,400,000
Accounts payable 31,058,000 23,418,000
Accrued interest 20,164,000 24,147,000
Dividend and distributions payable 58,038,000 56,958,000
Other liabilities 185,956,000 194,995,000
Total liabilities 2,952,614,000 2,522,380,000
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2012 and December 31, 2011 7,537,000 7,537,000
EQUITY    
General partner’s equity 2,091,012,000 2,103,594,000
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,321,000 3,775,000
Total equity 2,217,820,000 2,459,756,000
Total liabilities, noncontrolling interest - operating partnership and equity 5,177,971,000 4,989,673,000
Liberty Property Limited Partnership [Member] | Limited Partner's Common Units [Member]
   
EQUITY    
Limited partners’ equity 60,223,000 64,428,000
Liberty Property Limited Partnership [Member] | Limited Partner's Preferred Units [Member]
   
EQUITY    
Limited partners’ equity $ 63,264,000 $ 287,959,000