Income per Common Unit of the Operating Partnership (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share, Basic and Diluted [Line Items]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts):

	For the Three Months Ended					For the Three Months Ended
	September 30, 2014					September 30, 2013
	Income (Loss) (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Basic income from continuing operations
Income from continuing operations net of noncontrolling interest	$	34,290	147,422	$	0.23	$	22,316	135,628	$	0.16
Dilutive shares for long-term compensation plans	—		666			—		700
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	$	34,290	148,088	$	0.23	$	22,316	136,328	$	0.16
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	$	133	147,422	$	—	$	6,383	135,628	$	0.05
Dilutive shares for long-term compensation plans	—		666			—		700
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	$	133	148,088	$	—	$	6,383	136,328	$	0.05
Basic income per common share
Net income available to common shareholders	$	34,423	147,422	$	0.23	$	28,699	135,628	$	0.21
Dilutive shares for long-term compensation plans	—		666			—		700
Diluted income per common share
Net income available to common shareholders	$	34,423	148,088	$	0.23	$	28,699	136,328	$	0.21

	For the Nine Months Ended					For the Nine Months Ended
	September 30, 2014					September 30, 2013
	Income (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Basic income from continuing operations
Income from continuing operations net of noncontrolling interest	$	88,430	146,987	$	0.60	$	72,048	124,889	$	0.58
Dilutive shares for long-term compensation plans	—		674			—		766
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	88,430		147,661	$	0.60	72,048		125,655	$	0.57
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	47,142		146,987	$	0.32	67,999		124,889	$	0.54
Dilutive shares for long-term compensation plans	—		674			—		766
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	47,142		147,661	$	0.32	67,999		125,655	$	0.54
Basic income per common share
Net income available to common shareholders	135,572		146,987	$	0.92	140,047		124,889	$	1.12
Dilutive shares for long-term compensation plans	—		674			—		766
Diluted income per common share
Net income available to common shareholders	$	135,572	147,661	$	0.92	$	140,047	125,655	$	1.11

Liberty Property Limited Partnership [Member]

Earnings Per Share, Basic and Diluted [Line Items]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted income per common unit of the Operating Partnership (in thousands, except per unit amounts):

	For the Three Months Ended						For the Three Months Ended
	September 30, 2014						September 30, 2013
	Income (Loss) (Numerator)			Weighted Average Units (Denominator)	Per Unit		Income (Numerator)			Weighted Average Units (Denominator)	Per Unit
Income from continuing operations - net of noncontrolling interest - consolidated joint ventures	$	35,231					$	22,998
Less: Preferred unit distributions	(118		)				(118		)
Basic income from continuing operations
Income from continuing operations available to common unitholders	$	35,113		150,976	$	0.23	$	22,880		139,320	$	0.16
Dilutive units for long-term compensation plans	—			666			—			700
Diluted income from continuing operations
Income from continuing operations available to common unitholders	$	35,113		151,642	$	0.23	$	22,880		140,020	$	0.16
Basic income from discontinued operations
Discontinued operations	$	136		150,976	$	—	$	6,544		139,320	$	0.05
Dilutive units for long-term compensation plans	—			666			—			700
Diluted income from discontinued operations
Discontinued operations	$	136		151,642	$	—	$	6,544		140,020	$	0.05
Basic income per common unit
Income available to common unitholders	$	35,249		150,976	$	0.23	$	29,424		139,320	$	0.21
Dilutive units for long-term compensation plans	—			666			—			700
Diluted income per common unit
Income available to common unitholders	$	35,249		151,642	$	0.23	$	29,424		140,020	$	0.21

	For the Nine Months Ended						For the Nine Months Ended
	September 30, 2014						September 30, 2013
	Income (Numerator)			Weighted Average Units (Denominator)	Per Unit		Income (Numerator)			Weighted Average Units (Denominator)	Per Unit
Income from continuing operations net of noncontrolling interest - consolidated joint ventures	$	90,914					$	77,433
Less: Preferred unit distributions	(354		)				(2,001		)
Excess of preferred unit redemption over carrying amount	—						(1,236		)
Basic income from continuing operations
Income from continuing operations available to common unitholders	90,560			150,541	$	0.60	74,196			128,595	$	0.58
Dilutive units for long-term compensation plans	—			674			—			766
Diluted income from continuing operations
Income from continuing operations available to common unitholders	90,560			151,215	$	0.60	74,196			129,361	$	0.57
Basic income from discontinued operations
Discontinued operations	48,276			150,541	$	0.32	70,008			128,595	$	0.54
Dilutive units for long-term compensation plans	—			674			—			766
Diluted income from discontinued operations
Discontinued operations	48,276			151,215	$	0.32	70,008			129,361	$	0.54
Basic income per common unit
Income available to common unitholders	138,836			150,541	$	0.92	144,204			128,595	$	1.12
Dilutive units for long-term compensation plans	—			674			—			766
Diluted income per common unit
Income available to common unitholders	$	138,836		151,215	$	0.92	$	144,204		129,361	$	1.11