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Consolidated Statements of Comprehensive Income (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING REVENUE      
Rental $ 458,081,000 $ 396,418,000 $ 379,811,000
Operating expense reimbursement 187,849,000 163,861,000 153,888,000
Operating revenue 645,930,000 560,279,000 533,699,000
OPERATING EXPENSE      
Rental property 114,617,000 104,431,000 95,192,000
Real estate taxes 79,918,000 65,697,000 62,108,000
General and administrative 74,564,000 64,686,000 59,186,000
Depreciation and amortization 173,784,000 135,523,000 126,218,000
Total operating expenses 442,883,000 370,337,000 342,704,000
Operating income 203,047,000 189,942,000 190,995,000
OTHER INCOME (EXPENSE)      
Interest and other income 9,879,000 8,745,000 8,137,000
Interest expense (127,115,000) (103,363,000) (101,988,000)
Total other income (expense) (117,236,000) (94,618,000) (93,851,000)
Income before gain on property dispositions, income taxes and equity in earnings (loss) of unconsolidated joint ventures 85,811,000 95,324,000 97,144,000
Gain on property dispositions 8,676,000 3,080,000 5,025,000
Income taxes (2,799,000) (976,000) (1,020,000)
Equity in earnings (loss) of unconsolidated joint ventures 6,067,000 (681,000) 3,496,000
Income from continuing operations 97,755,000 96,747,000 104,645,000
Discontinued operations (including net gain on property dispositions of $95,384, $12,426 and $60,582 for the years ended December 31, 2013, 2012 and 2011, respectively) 121,839,000 51,004,000 106,065,000
Net income 219,594,000 147,751,000 210,710,000
Noncontrolling interest - operating partnership (9,203,000) (10,590,000) (27,222,000)
Noncontrolling interest - consolidated joint ventures (653,000) 275,000 511,000
Excess of preferred unit carrying amount over redemption   3,689,000  
Excess of preferred unit carrying amount over redemption (1,236,000)    
Net income available to common shareholders 209,738,000 137,436,000 183,999,000
Comprehensive income attributable to common shareholders      
Net income 219,594,000 147,751,000 210,710,000
Other comprehensive income (loss) - foreign currency translation 5,397,000 3,436,000 (280,000)
Other comprehensive income - change in net unrealized gain on derivatives 1,584,000 0 0
Other Comprehensive Income (Loss), Net of Tax 6,981,000 3,436,000 (280,000)
Comprehensive income 226,575,000 151,187,000 210,430,000
Less: comprehensive income attributable to noncontrolling interest (9,995,000) (10,422,000) (26,706,000)
Comprehensive income attributable to common shareholders 216,580,000 140,765,000 183,724,000
Basic:      
Income from continuing operations $ 0.70 $ 0.75 $ 0.71
Income from discontinued operations $ 0.91 $ 0.43 $ 0.89
Income per common share - basic $ 1.61 $ 1.18 $ 1.60
Diluted:      
Income from continuing operations $ 0.70 $ 0.75 $ 0.70
Income from discontinued operations $ 0.90 $ 0.42 $ 0.89
Income per common share - diluted $ 1.60 $ 1.17 $ 1.59
Weighted average number of common shares outstanding      
Basic 130,180 116,863 114,755
Diluted 130,909 117,694 115,503
Amounts attributable to common shareholders      
Income from continuing operations 91,274,000 88,008,000 81,392,000
Discontinued operations 118,464,000 49,428,000 102,607,000
Net income available to common shareholders 209,738,000 137,436,000 183,999,000
Liberty Property Limited Partnership [Member]
     
OPERATING REVENUE      
Rental 458,081,000 396,418,000 379,811,000
Operating expense reimbursement 187,849,000 163,861,000 153,888,000
Operating revenue 645,930,000 560,279,000 533,699,000
OPERATING EXPENSE      
Rental property 114,617,000 104,431,000 95,192,000
Real estate taxes 79,918,000 65,697,000 62,108,000
General and administrative 74,564,000 64,686,000 59,186,000
Depreciation and amortization 173,784,000 135,523,000 126,218,000
Total operating expenses 442,883,000 370,337,000 342,704,000
Operating income 203,047,000 189,942,000 190,995,000
OTHER INCOME (EXPENSE)      
Interest and other income 9,879,000 8,745,000 8,137,000
Interest expense (127,115,000) (103,363,000) (101,988,000)
Total other income (expense) (117,236,000) (94,618,000) (93,851,000)
Income before gain on property dispositions, income taxes and equity in earnings (loss) of unconsolidated joint ventures 85,811,000 95,324,000 97,144,000
Gain on property dispositions 8,676,000 3,080,000 5,025,000
Income taxes (2,799,000) (976,000) (1,020,000)
Equity in earnings (loss) of unconsolidated joint ventures 6,067,000 (681,000) 3,496,000
Income from continuing operations 97,755,000 96,747,000 104,645,000
Discontinued operations (including net gain on property dispositions of $95,384, $12,426 and $60,582 for the years ended December 31, 2013, 2012 and 2011, respectively) 121,839,000 51,004,000 106,065,000
Net income 219,594,000 147,751,000 210,710,000
Noncontrolling interest - consolidated joint ventures (653,000) 275,000 511,000
Preferred unit distributions (2,119,000) (9,902,000) (21,069,000)
Excess of preferred unit carrying amount over redemption   3,689,000 0
Excess of preferred unit carrying amount over redemption (1,236,000)    
Net income available to common shareholders 215,586,000 141,813,000 190,152,000
Comprehensive income attributable to common shareholders      
Net income 219,594,000 147,751,000 210,710,000
Other comprehensive income (loss) - foreign currency translation 5,397,000 3,436,000 (280,000)
Other comprehensive income - change in net unrealized gain on derivatives 1,584,000 0 0
Other Comprehensive Income (Loss), Net of Tax 6,981,000 3,436,000 (280,000)
Comprehensive income 226,575,000 151,187,000 210,430,000
Basic:      
Income from continuing operations $ 0.70 $ 0.75 $ 0.71
Income from discontinued operations $ 0.91 $ 0.43 $ 0.89
Income per common share - basic $ 1.61 $ 1.18 $ 1.60
Diluted:      
Income from continuing operations $ 0.70 $ 0.75 $ 0.70
Income from discontinued operations $ 0.90 $ 0.42 $ 0.89
Income per common share - diluted $ 1.60 $ 1.17 $ 1.59
Weighted average number of common shares outstanding      
Basic 133,858 120,623 118,624
Diluted 134,587 121,454 119,372
Net Income Allocated to General Partners 209,738,000 137,436,000 183,999,000
Net Income Allocated to Limited Partners 9,203,000 10,590,000 27,222,000
Amounts attributable to common shareholders      
Income from continuing operations 97,102,000 97,022,000 105,156,000
Net income available to common shareholders $ 215,586,000 $ 141,813,000 $ 190,152,000