v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Real estate:    
Land and land improvements $ 1,256,706 $ 1,023,553
Building and improvements 4,655,784 4,113,163
Less accumulated depreciation (974,972) (851,624)
Operating real estate 4,937,518 4,285,092
Development in progress 472,169 333,437
Land held for development 296,244 330,748
Net real estate 5,705,931 4,949,277
Cash and cash equivalents 84,923 11,882
Restricted cash 10,899 13,803
Accounts receivable, net 14,217 10,373
Deferred rent receivable, net 125,291 106,257
Deferred financing and leasing costs, net 168,739 147,455
Investments in and advances to unconsolidated joint ventures 350,981 288,456
Assets held for sale 220,545 622,575
Prepaid expenses and other assets 252,868 289,679
Total assets 6,934,394 6,439,757
LIABILITIES    
Mortgage loans, net 395,202 267,093
Unsecured notes, net 2,285,698 2,283,513
Credit facilities 411,846 358,939
Accounts payable 65,591 76,077
Accrued interest 22,309 21,796
Dividend and distributions payable 60,560 60,330
Other liabilities 285,696 201,483
Liabilities held for sale 3,183 14,623
Total liabilities 3,530,085 3,283,854
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2018 and December 31, 2017 7,537 7,537
EQUITY    
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 147,899,354 and 147,450,691 shares issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 148 147
Additional paid-in capital 3,691,778 3,674,978
Accumulated other comprehensive loss (55,243) (37,797)
Distributions in excess of net income (306,822) (549,970)
Total Liberty Property Trust shareholders’ equity 3,329,861 3,087,358
Noncontrolling interest – operating partnership    
Noncontrolling interest – operating partnership - 3,520,205 common units outstanding as of December 31, 2018 and December 31, 2017 61,471 56,159
Noncontrolling interest – consolidated joint ventures 5,440 4,849
Total equity 3,396,772 3,148,366
Total liabilities, noncontrolling interest - operating partnership and equity 6,934,394 6,439,757
Liberty Property Limited Partnership    
Real estate:    
Land and land improvements 1,256,706 1,023,553
Building and improvements 4,655,784 4,113,163
Less accumulated depreciation (974,972) (851,624)
Operating real estate 4,937,518 4,285,092
Development in progress 472,169 333,437
Land held for development 296,244 330,748
Net real estate 5,705,931 4,949,277
Cash and cash equivalents 84,923 11,882
Restricted cash 10,899 13,803
Accounts receivable, net 14,217 10,373
Deferred rent receivable, net 125,291 106,257
Deferred financing and leasing costs, net 168,739 147,455
Investments in and advances to unconsolidated joint ventures 350,981 288,456
Assets held for sale 220,545 622,575
Prepaid expenses and other assets 252,868 289,679
Total assets 6,934,394 6,439,757
LIABILITIES    
Mortgage loans, net 395,202 267,093
Unsecured notes, net 2,285,698 2,283,513
Credit facilities 411,846 358,939
Accounts payable 65,591 76,077
Accrued interest 22,309 21,796
Dividend and distributions payable 60,560 60,330
Other liabilities 285,696 201,483
Liabilities held for sale 3,183 14,623
Total liabilities 3,530,085 3,283,854
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2018 and December 31, 2017 7,537 7,537
EQUITY    
General partner’s equity - 147,899,354 and 147,450,691 common units outstanding as of December 31, 2018 and December 31, 2017, respectively 3,329,861 3,087,358
Limited partners’ equity – 3,520,205 common units outstanding as of December 31, 2018 and December 31, 2017 61,471 56,159
Noncontrolling interest – operating partnership    
Noncontrolling interest – consolidated joint ventures 5,440 4,849
Total equity 3,396,772 3,148,366
Total liabilities, noncontrolling interest - operating partnership and equity $ 6,934,394 $ 6,439,757

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