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Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Land and land improvements $ 1,139,455,000 $ 845,958,000
Building and improvements 5,144,758,000 4,045,385,000
Less accumulated depreciation (1,057,680,000) (1,072,859,000)
Operating real estate 5,226,533,000 3,818,484,000
Development in progress 209,187,000 248,602,000
Land held for development 233,055,000 249,221,000
Net real estate 5,668,775,000 4,316,307,000
Cash and cash equivalents 163,414,000 38,356,000
Restricted cash 51,456,000 33,147,000
Accounts receivable 13,900,000 8,988,000
Deferred rent receivable 99,956,000 101,621,000
Deferred financing and leasing costs, net 226,607,000 129,329,000
Investments in and advances to unconsolidated joint ventures 179,655,000 169,021,000
Assets held for sale 275,957,000 289,654,000
Prepaid expenses and other assets 95,840,000 87,756,000
Total assets 6,775,560,000 5,174,179,000
LIABILITIES    
Mortgage Loans 545,306,000 302,855,000
Unsecured notes 2,708,213,000 2,258,751,000
Credit facility 0 92,000,000
Accounts payable 70,406,000 31,058,000
Accrued interest 25,777,000 20,164,000
Dividend and distributions payable 71,323,000 58,038,000
Other liabilities 250,819,000 185,956,000
Total liabilities 3,671,844,000 2,948,822,000
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2013 and December 31, 2012 7,537,000 7,537,000
EQUITY    
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized; 147,846,801 (includes 1,249,909 in treasury) and 119,720,776 (includes 1,249,909 in treasury) shares issued and outstanding as of December 31, 2013 and December 31, 2012, respectively 148,000 119,000
Additional paid-in capital 3,669,618,000 2,687,701,000
Accumulated other comprehensive income (loss) 9,742,000 2,900,000
Distributions in excess of net income (591,713,000) (547,757,000)
Common shares in treasury, at cost, 1,249,909 shares as of December 31, 2013 and 2012 (51,951,000) (51,951,000)
Total Liberty Property Trust shareholders' equity 3,035,844,000 2,091,012,000
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,622,000 3,321,000
Total equity 3,096,179,000 2,217,820,000
Total liabilities, noncontrolling interest - operating partnership and equity 6,775,560,000 5,174,179,000
Limited Partner's Common Units [Member]
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 56,713,000 60,223,000
Limited Partner's Preferred Units [Member]
   
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 0 63,264,000
Liberty Property Limited Partnership [Member]
   
ASSETS    
Land and land improvements 1,139,455,000 845,958,000
Building and improvements 5,144,758,000 4,045,385,000
Less accumulated depreciation (1,057,680,000) (1,072,859,000)
Operating real estate 5,226,533,000 3,818,484,000
Development in progress 209,187,000 248,602,000
Land held for development 233,055,000 249,221,000
Net real estate 5,668,775,000 4,316,307,000
Cash and cash equivalents 163,414,000 38,356,000
Restricted cash 51,456,000 33,147,000
Accounts receivable 13,900,000 8,988,000
Deferred rent receivable 99,956,000 101,621,000
Deferred financing and leasing costs, net 226,607,000 129,329,000
Investments in and advances to unconsolidated joint ventures 179,655,000 169,021,000
Assets held for sale 275,957,000 289,654,000
Prepaid expenses and other assets 95,840,000 87,756,000
Total assets 6,775,560,000 5,174,179,000
LIABILITIES    
Mortgage Loans 545,306,000 302,855,000
Unsecured notes 2,708,213,000 2,258,751,000
Credit facility 0 92,000,000
Accounts payable 70,406,000 31,058,000
Accrued interest 25,777,000 20,164,000
Dividend and distributions payable 71,323,000 58,038,000
Other liabilities 250,819,000 185,956,000
Total liabilities 3,671,844,000 2,948,822,000
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2013 and December 31, 2012 7,537,000 7,537,000
EQUITY    
General partner’s equity 3,035,844,000 2,091,012,000
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,622,000 3,321,000
Total equity 3,096,179,000 2,217,820,000
Total liabilities, noncontrolling interest - operating partnership and equity 6,775,560,000 5,174,179,000
Liberty Property Limited Partnership [Member] | Limited Partner's Common Units [Member]
   
EQUITY    
Limited partners’ equity 56,713,000 60,223,000
Liberty Property Limited Partnership [Member] | Limited Partner's Preferred Units [Member]
   
EQUITY    
Limited partners’ equity $ 0 $ 63,264,000