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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Land and land improvements $ 978,101 $ 899,801
Building and improvements 4,407,799 4,341,125
Less accumulated depreciation (1,190,670) (1,164,756)
Operating real estate 4,195,230 4,076,170
Development in progress 229,570 248,602
Land held for development 226,399 258,324
Net real estate 4,651,199 4,583,096
Cash and cash equivalents 61,679 38,356
Restricted cash 27,376 33,147
Accounts receivable 8,122 8,988
Deferred rent receivable 110,966 108,576
Deferred financing and leasing costs, net of accumulated amortization (2013, $137,652; 2012, $132,261) 142,442 137,359
Investments in and advances to unconsolidated joint ventures 175,314 169,021
Assets held for sale 0 7,880
Prepaid expenses and other assets 70,694 87,756
Total assets 5,247,792 5,174,179
LIABILITIES    
Mortgage loans 307,087 302,855
Unsecured notes 2,259,142 2,258,751
Credit facility 145,000 92,000
Accounts payable 32,177 31,058
Accrued interest 20,006 20,164
Dividend and distributions payable 59,493 58,038
Other liabilities 156,356 185,956
Total liabilities 2,979,261 2,948,822
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of June 30, 2013 and December 31, 2012 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized; 122,783,015 (includes 1,249,909 in treasury) and 119,720,776 (includes 1,249,909 in treasury) shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively 123 119
Additional paid-in capital 2,802,908 2,687,701
Accumulated other comprehensive loss (1,767) 2,900
Distributions in excess of net income (551,102) (547,757)
Common shares in treasury, at cost, 1,249,909 shares as of June 30, 2013 and December 31, 2012 (51,951) (51,951)
Total Liberty Property Trust shareholders' equity 2,198,211 2,091,012
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,018 3,321
Total equity 2,260,994 2,217,820
Total liabilities, noncontrolling interest - operating partnership and equity 5,247,792 5,174,179
Limited partners’ equity – 3,713,851 common units outstanding as of June 30, 2013 and December 31, 2012
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 59,765 60,223
Limited partners’ equity – 1,290,000 preferred units outstanding as of December 31, 2012
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 0 63,264
Liberty Property Limited Partnership [Member]
   
ASSETS    
Land and land improvements 978,101 899,801
Building and improvements 4,407,799 4,341,125
Less accumulated depreciation (1,190,670) (1,164,756)
Operating real estate 4,195,230 4,076,170
Development in progress 229,570 248,602
Land held for development 226,399 258,324
Net real estate 4,651,199 4,583,096
Cash and cash equivalents 61,679 38,356
Restricted cash 27,376 33,147
Accounts receivable 8,122 8,988
Deferred rent receivable 110,966 108,576
Deferred financing and leasing costs, net of accumulated amortization (2013, $137,652; 2012, $132,261) 142,442 137,359
Investments in and advances to unconsolidated joint ventures 175,314 169,021
Assets held for sale 0 7,880
Prepaid expenses and other assets 70,694 87,756
Total assets 5,247,792 5,174,179
LIABILITIES    
Mortgage loans 307,087 302,855
Unsecured notes 2,259,142 2,258,751
Credit facility 145,000 92,000
Accounts payable 32,177 31,058
Accrued interest 20,006 20,164
Dividend and distributions payable 59,493 58,038
Other liabilities 156,356 185,956
Total liabilities 2,979,261 2,948,822
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of June 30, 2013 and December 31, 2012 7,537 7,537
EQUITY    
General partner’s equity - 121,533,106 (net of 1,249,909 treasury units) and 118,470,867 (net of 1,249,909 treasury units) common units outstanding as of June 30, 2013 and December 31, 2012, respectively 2,198,211 2,091,012
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,018 3,321
Total equity 2,260,994 2,217,820
Total liabilities, noncontrolling interest - operating partnership and equity 5,247,792 5,174,179
Liberty Property Limited Partnership [Member] | Limited partners’ equity – 3,713,851 common units outstanding as of June 30, 2013 and December 31, 2012
   
EQUITY    
Limited partners' equity 59,765 60,223
Liberty Property Limited Partnership [Member] | Limited partners’ equity – 1,290,000 preferred units outstanding as of December 31, 2012
   
EQUITY    
Limited partners' equity $ 0 $ 63,264