v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Real Estate [Abstract]    
Land and land improvements $ 1,174,720 $ 1,026,820
Building and improvements 4,459,247 4,135,150
Less accumulated depreciation (957,292) (866,355)
Operating real estate 4,676,675 4,295,615
Development in progress 440,503 333,437
Land held for development 357,120 330,748
Net real estate 5,474,298 4,959,800
Cash and cash equivalents 17,770 11,882
Restricted cash 13,371 13,803
Accounts receivable, net 13,406 10,389
Deferred rent receivable, net 121,820 107,150
Deferred financing and leasing costs, net of accumulated amortization (September 30, 2018, $165,054; December 31, 2017, $154,762) 153,970 147,837
Investments in and advances to unconsolidated joint ventures 357,970 288,456
Assets held for sale 294,191 610,611
Prepaid expenses and other assets 372,279 289,829
Total assets 6,819,075 6,439,757
LIABILITIES    
Mortgage loans, net 233,682 267,093
Unsecured notes, net 2,285,565 2,283,513
Credit facilities 569,909 358,939
Accounts payable 72,553 76,313
Accrued interest 35,491 21,796
Distributions payable 60,415 60,330
Other liabilities 260,353 201,588
Liabilities held for sale 3,986 14,282
Total liabilities 3,521,954 3,283,854
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of September 30, 2018 and December 31, 2017 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 147,812,321 and 147,450,691 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 148 147
Additional paid-in capital 3,688,631 3,674,978
Accumulated other comprehensive loss (46,322) (37,797)
Distributions in excess of net income (417,357) (549,970)
Total Liberty Property Trust shareholders' equity 3,225,100 3,087,358
Noncontrolling interest - operating partnership    
Noncontrolling interest – operating partnership - 3,520,205 common units outstanding as of September 30, 2018 and December 31, 2017 59,057 56,159
Noncontrolling interest - consolidated joint ventures 5,427 4,849
Total owners' equity 3,289,584 3,148,366
Total liabilities, noncontrolling interest - operating partnership and equity 6,819,075 6,439,757
Liberty Property Limited Partnership [Member]    
Real Estate [Abstract]    
Land and land improvements 1,174,720 1,026,820
Building and improvements 4,459,247 4,135,150
Less accumulated depreciation (957,292) (866,355)
Operating real estate 4,676,675 4,295,615
Development in progress 440,503 333,437
Land held for development 357,120 330,748
Net real estate 5,474,298 4,959,800
Cash and cash equivalents 17,770 11,882
Restricted cash 13,371 13,803
Accounts receivable, net 13,406 10,389
Deferred rent receivable, net 121,820 107,150
Deferred financing and leasing costs, net of accumulated amortization (September 30, 2018, $165,054; December 31, 2017, $154,762) 153,970 147,837
Investments in and advances to unconsolidated joint ventures 357,970 288,456
Assets held for sale 294,191 610,611
Prepaid expenses and other assets 372,279 289,829
Total assets 6,819,075 6,439,757
LIABILITIES    
Mortgage loans, net 233,682 267,093
Unsecured notes, net 2,285,565 2,283,513
Credit facilities 569,909 358,939
Accounts payable 72,553 76,313
Accrued interest 35,491 21,796
Distributions payable 60,415 60,330
Other liabilities 260,353 201,588
Liabilities held for sale 3,986 14,282
Total liabilities 3,521,954 3,283,854
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of September 30, 2018 and December 31, 2017 7,537 7,537
EQUITY    
General partner’s equity - 147,812,321 and 147,450,691 common units outstanding as of September 30, 2018 and December 31, 2017, respectively 3,225,100 3,087,358
Limited partners’ equity – 3,520,205 common units outstanding as of September 30, 2018 and December 31, 2017 59,057 56,159
Noncontrolling interest - operating partnership    
Noncontrolling interest - consolidated joint ventures 5,427 4,849
Total owners' equity 3,289,584 3,148,366
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,819,075 $ 6,439,757

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