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Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Land and land improvements $ 1,195,924,000 $ 1,138,922,000
Building and improvements 5,413,512,000 5,142,480,000
Less accumulated depreciation (1,177,726,000) (1,057,644,000)
Operating real estate 5,431,710,000 5,223,758,000
Development in progress 250,506,000 209,187,000
Land held for development 265,864,000 233,055,000
Net real estate 5,948,080,000 5,666,000,000
Cash and cash equivalents 39,086,000 163,414,000
Restricted cash 22,918,000 51,456,000
Accounts receivable 18,571,000 13,900,000
Deferred rent receivable 111,823,000 99,956,000
Deferred financing and leasing costs, net of accumulated amortization (2014, $167,045; 2013, $140,933) 217,261,000 226,377,000
Investments in and advances to unconsolidated joint ventures 202,570,000 179,655,000
Assets held for sale 2,895,000 278,962,000
Prepaid expenses and other assets 97,638,000 95,840,000
Total assets 6,660,842,000 6,775,560,000
LIABILITIES    
Mortgage loans 534,547,000 545,306,000
Unsecured notes 2,508,886,000 2,708,213,000
Credit facility 140,950,000 0
Accounts payable 65,668,000 70,406,000
Accrued interest 41,277,000 25,777,000
Dividend and distributions payable 72,046,000 71,323,000
Other liabilities 221,943,000 250,819,000
Total liabilities 3,585,317,000 3,671,844,000
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of September 30, 2014 and December 31, 2013 7,537,000 7,537,000
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 149,354,294 (includes 1,249,909 in treasury) and 147,846,801 (includes 1,249,909 in treasury) shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively 149,000 148,000
Additional paid-in capital 3,724,184,000 3,669,618,000
Accumulated other comprehensive loss 3,707,000 9,742,000
Distributions in excess of net income (666,646,000) (591,713,000)
Common shares in treasury, at cost, 1,249,909 shares as of September 30, 2014 and December 31, 2013 (51,951,000) (51,951,000)
Total Liberty Property Trust shareholders' equity 3,009,443,000 3,035,844,000
Noncontrolling interest - operating partnership    
Noncontrolling interest - operating partnerships 54,626,000 56,713,000
Noncontrolling interest - consolidated joint ventures 3,919,000 3,622,000
Total equity 3,067,988,000 3,096,179,000
Total liabilities, noncontrolling interest - operating partnership and equity 6,660,842,000 6,775,560,000
Liberty Property Limited Partnership [Member]
   
ASSETS    
Land and land improvements 1,195,924,000 1,138,922,000
Building and improvements 5,413,512,000 5,142,480,000
Less accumulated depreciation (1,177,726,000) (1,057,644,000)
Operating real estate 5,431,710,000 5,223,758,000
Development in progress 250,506,000 209,187,000
Land held for development 265,864,000 233,055,000
Net real estate 5,948,080,000 5,666,000,000
Cash and cash equivalents 39,086,000 163,414,000
Restricted cash 22,918,000 51,456,000
Accounts receivable 18,571,000 13,900,000
Deferred rent receivable 111,823,000 99,956,000
Deferred financing and leasing costs, net of accumulated amortization (2014, $167,045; 2013, $140,933) 217,261,000 226,377,000
Investments in and advances to unconsolidated joint ventures 202,570,000 179,655,000
Assets held for sale 2,895,000 278,962,000
Prepaid expenses and other assets 97,638,000 95,840,000
Total assets 6,660,842,000 6,775,560,000
LIABILITIES    
Mortgage loans 534,547,000 545,306,000
Unsecured notes 2,508,886,000 2,708,213,000
Credit facility 140,950,000 0
Accounts payable 65,668,000 70,406,000
Accrued interest 41,277,000 25,777,000
Dividend and distributions payable 72,046,000 71,323,000
Other liabilities 221,943,000 250,819,000
Total liabilities 3,585,317,000 3,671,844,000
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of September 30, 2014 and December 31, 2013 7,537,000 7,537,000
EQUITY    
General partner’s equity - 148,104,385 (net of 1,249,909 treasury units) and 146,596,892 (net of 1,249,909 treasury units) common units outstanding as of September 30, 2014 and December 31, 2013, respectively 3,009,443,000 3,035,844,000
Limited partners' equity 54,626,000 56,713,000
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 3,919,000 3,622,000
Total equity 3,067,988,000 3,096,179,000
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,660,842,000 $ 6,775,560,000