LIBERTY PROPERTY TRUST LPT Balance Sheet

Liberty property trust (LPT)

Balance Sheet / Quarterly

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Land and land improvements
1,393	1,339	1,311	1,236	1,174	1,149	1,180	1,023	1,081	1,094	1,101	1,060	1,009	1,191	1,186	1,184	1,218	1,207	1,187	1,188	1,195	1,162	1,149	1,137	1,012	978	900	845	865	861	854	852	857	838	837	801	863	858	848
Building and improvements
4,785	4,612	4,564	4,397	4,459	4,445	4,448	4,113	4,539	4,562	4,531	4,298	4,409	5,161	5,127	5,131	5,352	5,305	5,347	5,339	5,413	5,244	5,206	5,129	4,564	4,407	4,374	4,045	4,156	4,146	4,117	4,092	4,223	4,179	4,192	3,902	4,406	4,364	4,283
Less accumulated depreciation
1,040	1,004	978	941	957	935	962	851	1,015	995	967	847	917	1,199	1,159	1,148	1,228	1,205	1,221	1,182	1,177	1,135	1,094	1,051	1,224	1,190	1,178	1,072	1,135	1,116	1,088	1,047	1,097	1,070	1,042	938	1,064	1,036	970
Operating real estate
5,138	4,947	4,897	4,692	4,676	4,660	4,666	4,285	4,605	4,661	4,665	4,510	4,502	5,153	5,154	5,167	5,342	5,307	5,313	5,345	5,431	5,271	5,261	5,216	4,352	4,195	4,097	3,818	3,887	3,891	3,883	3,897	3,984	3,948	3,986	3,766	4,205	4,186	4,161
Development in Process
323	416	440	462	440	330	373	333	395	410	321	267	427	438	335	360	338	225	269	277	250	329	242	209	136	229	209	248	249	198	138	88	41	11	4	0	0	7	66
Land held for development
303	303	297	296	357	351	316	330	331	351	345	336	325	324	341	336	291	280	272	269	265	241	239	233	233	226	246	249	227	222	218	219	208	210	207	203	209	210	218
Net real estate
5,765	5,666	5,635	5,451	5,474	5,342	5,355	4,949	5,331	5,423	5,332	5,114	5,255	5,916	5,831	5,865	5,972	5,813	5,855	5,892	5,948	5,842	5,743	5,658	4,721	4,651	4,553	4,316	4,364	4,312	4,241	4,205	4,234	4,170	4,198	3,969	4,414	4,405	4,446
Cash and cash equivalents
514	21	96	84	17	24	30	11	47	14	36	43	42	29	43	35	48	73	38	69	39	228	370	163	1,124	61	54	38	34	154	27	18	24	49	32	108	111	39	237
Restricted cash
14	17	17	10	13	14	9	13	16	18	10	12	5	5	6	9	14	17	18	20	22	18	20	51	35	27	28	33	37	39	39	63	66	50	54	49	41	36	42
Accounts receivable
16	12	15	14	13	9	12	10	13	14	14	13	13	12	18	14	14	14	19	15	18	15	17	13	8	8	8	8	6	12	9	8	9	7	11	6	9	6	6
Deferred rent receivable
124	118	114	111	121	118	117	106	123	120	114	102	106	124	121	118	119	115	113	107	111	107	102	99	112	110	110	101	107	106	104	102	105	106	106	99	106	102	95
Deferred financing and leasing costs, net of accumulated amortization (September 30, 2019, $192,325; December 31, 2018, $165,553)
162	163	163	157	153	150	151	147	154	159	155	147	153	178	183	192	208	200	202	192	217	221	222	226	149	142	134	129	130	133	130	129	128	131	134	128	142	131	134
Investments in and advances to unconsolidated joint ventures
347	350	353	350	357	359	350	288	283	268	254	245	236	222	210	218	213	215	215	208	202	203	181	179	177	175	175	169	169	173	174	174	176	175	176	171	172	172	175
Assets held for sale
226	386	423	502	294	376	238	622	177	2	5	164	786	2	7	4	0	0	0	13	2	0	0	287	0	0	7	289	8	0	197	210	15	41	198	456	5	-	5
Right of use asset
17	17	18	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
148	127	98	251	372	154	148	289	161	137	158	148	122	92	94	99	97	105	101	91	97	94	103	95	120	70	74	87	96	77	90	76	94	113	70	73	81	58	85
Assets
7,338	6,882	6,938	6,934	6,819	6,550	6,414	6,439	6,309	6,159	6,083	5,992	6,722	6,584	6,518	6,557	6,689	6,556	6,564	6,612	6,660	6,731	6,762	6,775	6,451	5,247	5,146	5,174	4,956	5,008	5,015	4,989	4,855	4,846	4,984	5,064	5,086	4,953	5,228
LIABILITIES
Mortgage loans, net
297	351	396	395	233	235	264	267	269	271	274	276	281	284	304	307	372	481	484	484	534	537	542	545	309	307	304	302	290	281	282	290	292	293	295	320	338	352	473
Unsecured notes, net
2,633	2,632	2,632	2,285	2,285	2,284	2,284	2,283	2,282	2,281	2,280	2,280	2,675	2,581	2,580	2,580	2,608	2,608	2,607	2,498	2,508	2,708	2,708	2,708	2,707	2,259	2,258	2,258	1,962	2,192	1,792	1,792	1,792	1,792	1,792	2,039	2,023	1,842	1,842
Credit facilities
100	100	100	411	569	394	257	358	295	177	115	0	420	395	260	259	300	70	50	167	140	0	0	0	0	145	0	92	150	0	293	139	0	33	200	0	0	50	140
Accounts payable
54	46	51	62	72	72	68	76	78	56	56	64	76	67	60	51	60	46	51	52	65	56	53	70	46	32	32	31	58	35	32	23	40	28	26	23	42	36	31
Accrued interest
36	28	37	22	35	22	34	21	34	21	34	21	38	26	43	26	43	27	36	24	41	28	42	25	39	20	39	20	36	25	33	24	33	24	33	29	25	31	31
Dividend and distributions payable
65	62	62	60	60	60	60	60	60	60	60	71	71	71	71	71	71	72	72	72	72	71	71	71	71	59	59	58	58	57	57	56	56	56	56	56	55	55	55
Lease liabilities
18	18	18	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
204	200	218	270	260	273	186	201	209	222	199	199	204	217	228	223	218	197	199	219	221	219	215	250	197	156	167	185	173	176	177	194	176	141	149	156	152	133	171
Liabilities held for sale
15	19	18	21	3	2	1	14	-	-	-	8	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
3,427	3,459	3,534	3,530	3,521	3,346	3,158	3,283	3,230	3,091	3,021	2,922	3,793	3,644	3,548	3,519	3,675	3,503	3,502	3,518	3,585	3,621	3,633	3,671	3,371	2,979	2,862	2,948	2,730	2,768	2,668	2,522	2,391	2,370	2,554	2,626	2,639	2,501	2,745
Noncontrolling interest - operating partnership - 213,483 and 301,483 preferred units outstanding as of September 30, 2019 and December 31, 2018, respectively
5	5	5	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	-	7	7	7	-	-	-	0	-	-	-
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 157,755,598 and 147,899,354 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
4,145	3,687	3,697	3,691	3,688	3,686	3,683	3,674	3,671	3,666	3,660	3,655	3,654	3,645	3,640	3,669	3,673	3,775	3,760	3,688	3,724	3,709	3,691	3,669	3,650	2,802	2,737	2,687	2,669	2,656	2,637	2,617	2,603	2,591	2,576	2,560	2,543	2,530	2,509
Accumulated other comprehensive loss
-64	-57	-51	-55	-46	-43	-29	-37	-39	-45	-52	-56	-41	-37	-24	-22	-13	-4	-17	-6	3	15	10	9	3	-1	-1	2	2	0	1	-0	-0	1	1	-0	0	-3	2
Distributions in excess of net income
238	274	313	306	417	508	468	549	619	619	612	596	746	730	711	674	709	730	694	654	666	630	589	591	591	551	533	547	529	501	479	461	441	421	451	426	401	382	337
Common shares in treasury, at cost, 1,249,909 shares as of June 30, 2015 and December 31, 2014
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	51	-	51	51	51	51	51	51	51	51	51	51	51	51	51	51	51	51	51	51	51
Total Liberty Property Trust shareholders’ equity
3,842	3,355	3,332	3,329	3,225	3,134	3,185	3,087	3,012	3,001	2,995	3,003	2,866	2,876	2,905	2,972	2,950	2,988	2,996	3,027	3,009	3,042	3,060	3,035	3,010	2,198	2,149	2,091	2,090	2,102	2,107	2,103	2,110	2,120	2,075	2,082	2,089	2,093	2,122
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Noncontrolling interest – operating partnership - 3,494,049 and 3,520,205 common units outstanding as of September 30, 2019 and December 31, 2018, respectively
62	61	61	61	59	56	58	56	54	54	54	54	51	51	52	53	52	52	53	54	54	-	-	56	-	-	-	-	7	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest – consolidated joint ventures
0	0	4	5	5	5	4	4	4	4	4	4	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	0	0	0	0	0	0	0
Total equity
3,905	3,417	3,398	3,396	3,289	3,197	3,248	3,148	3,071	3,060	3,054	3,062	2,921	2,932	2,961	3,030	3,007	3,045	3,054	3,086	3,067	3,102	3,121	3,096	3,072	2,260	2,276	2,217	2,218	2,231	2,338	2,459	2,463	2,475	2,430	2,438	2,446	2,451	2,483
Total liabilities, noncontrolling interest - operating partnership and equity
7,338	6,882	6,938	6,934	6,819	6,550	6,414	6,439	6,309	6,159	6,083	5,992	6,722	6,584	6,518	6,557	6,689	6,556	6,564	6,612	6,660	6,731	6,762	6,775	6,451	5,247	5,146	5,174	4,956	5,008	5,015	4,989	4,855	4,846	4,984	5,064	5,086	4,953	5,228
Liberty Property Limited Partnership
Land and land improvements
1,393	1,339	1,311	1,236	1,174	1,149	1,180	1,023	1,081	1,094	1,101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Building and improvements
4,785	4,612	4,564	4,397	4,459	4,445	4,448	4,113	4,539	4,562	4,531	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less accumulated depreciation
1,040	1,004	978	941	957	935	962	851	1,015	995	967	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating real estate
5,138	4,947	4,897	4,692	4,676	4,660	4,666	4,285	4,605	4,661	4,665	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development in Process
323	416	440	462	440	330	373	333	395	410	321	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Land held for development
303	303	297	296	357	351	316	330	331	351	345	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net real estate
5,765	5,666	5,635	5,451	5,474	5,342	5,355	4,949	5,331	5,423	5,332	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
514	21	96	84	17	24	30	11	47	14	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
14	17	17	10	13	14	9	13	16	18	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
16	12	15	14	13	9	12	10	13	14	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent receivable
124	118	114	111	121	118	117	106	123	120	114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing and leasing costs, net of accumulated amortization (September 30, 2019, $192,325; December 31, 2018, $165,553)
162	163	163	157	153	150	151	147	154	159	155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in and advances to unconsolidated joint ventures
347	350	353	350	357	359	350	288	283	268	254	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets held for sale
226	386	423	502	294	376	238	622	177	2	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use asset
17	17	18	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
148	127	98	251	372	154	148	289	161	137	158	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
7,338	6,882	6,938	6,934	6,819	6,550	6,414	6,439	6,309	6,159	6,083	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans, net
297	351	396	395	233	235	264	267	269	271	274	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured notes, net
2,633	2,632	2,632	2,285	2,285	2,284	2,284	2,283	2,282	2,281	2,280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit facilities
100	100	100	411	569	394	257	358	295	177	115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
54	46	51	62	72	72	68	76	78	56	56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest
36	28	37	22	35	22	34	21	34	21	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend and distributions payable
65	62	62	60	60	60	60	60	60	60	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
18	18	18	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
204	200	218	270	260	273	186	201	209	222	199	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities held for sale
15	19	18	21	3	2	1	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
3,427	3,459	3,534	3,530	3,521	3,346	3,158	3,283	3,230	3,091	3,021	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest - operating partnership - 213,483 and 301,483 preferred units outstanding as of September 30, 2019 and December 31, 2018, respectively
5	5	5	7	7	7	7	7	7	7	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General partner’s equity - 157,755,598 and 147,899,354 common units outstanding as of September 30, 2019 and December 31, 2018, respectively
3,842	3,355	3,332	3,329	3,225	3,134	3,185	3,087	3,012	3,001	2,995	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited partners’ equity – 3,494,049 and 3,520,205 common units outstanding as of September 30, 2019 and December 31, 2018, respectively
62	61	61	61	59	56	58	56	54	54	54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest – consolidated joint ventures
0	0	4	5	5	5	4	4	4	4	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
3,905	3,417	3,398	3,396	3,289	3,197	3,248	3,148	3,071	3,060	3,054	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities, noncontrolling interest - operating partnership and equity
7,338	6,882	6,938	6,934	6,819	6,550	6,414	6,439	6,309	6,159	6,083	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-