LIBERTY PROPERTY TRUST LPT Income Statement

Liberty property trust (LPT)

Income statement / 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	Mar'10	Sep'09	Jun'09
REVENUE
Rental revenue
162,912	160,359	156,886	-	148,330	146,107	146,361	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental
-	-	-	-	-	-	-	104,049	113,889	111,721	116,868	76,173	140,697	139,143	139,054	120,473	145,009	147,367	148,585	146,726	143,294	139,377	138,949	136,150	110,260	106,955	104,716	46,315	116,666	116,068	117,369	33,134	115,760	116,193	114,724	92,529	122,383	122,065	122,963	129,848	129,352
Operating expense reimbursement
-	-	-	-	-	-	-	31,771	33,522	33,478	37,413	18,558	50,160	47,511	51,086	44,096	53,963	56,151	58,316	56,960	55,062	53,582	58,681	56,281	45,088	44,069	42,411	14,845	51,017	48,426	49,573	4,812	49,432	48,234	51,410	33,314	53,073	50,579	55,103	56,511	54,205
Development service fee income
257	978	864	14,092	12,956	19,824	26,352	28,753	24,176	18,259	11,485	12,941	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
163,169	161,337	157,750	204,959	161,286	165,931	172,713	164,573	171,587	163,458	165,766	107,672	190,857	186,654	190,140	164,569	198,972	203,518	206,901	203,686	198,356	192,959	197,630	192,431	155,348	151,024	147,127	61,160	167,683	164,494	166,942	37,946	165,192	164,427	166,134	125,843	175,456	172,644	178,066	186,359	183,557
EXPENSES
Rental property
12,012	14,104	13,620	22,923	12,871	13,247	13,260	11,888	14,833	13,358	17,535	8,948	26,496	24,745	28,509	25,023	31,454	31,949	35,571	34,450	33,105	31,928	38,641	35,070	27,634	26,684	25,229	10,110	33,934	30,369	30,018	3,023	31,876	28,543	31,750	22,759	34,790	31,452	37,422	35,957	34,770
Real estate taxes
23,001	23,487	22,462	25,599	22,693	21,793	21,578	20,090	20,427	20,729	21,906	16,430	25,968	25,202	25,320	23,068	25,953	26,462	26,164	26,002	25,595	25,716	24,501	24,130	18,925	18,906	17,957	6,129	19,517	19,740	20,311	3,272	19,755	19,592	19,489	11,060	21,306	21,065	21,341	22,852	21,773
General and administrative
10,186	9,693	15,607	20,869	9,807	8,832	14,335	12,122	11,873	15,203	16,993	11,073	15,379	15,629	20,990	16,836	15,573	17,053	18,802	15,250	14,748	14,973	18,356	21,099	17,217	16,455	19,793	18,286	14,610	14,589	17,201	16,365	13,617	13,255	15,949	12,724	12,608	12,548	14,867	11,246	11,655
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-3,494	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	455	563
Leasing expense
3,082	3,318	3,208	-	2,610	2,767	2,812	-	4,772	153	32	-	772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cost and Expense, Operating
3,166	3,256	2,268	4,746	3,169	1,577	2,502	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,117	-	-	-	5,352	4,373	-	2,340	2,265	2,460	1,219	1,989	2,340	2,589	1,863	2,400	2,646	2,774	2,624	2,511
Interest expense
25,791	25,406	25,519	22,373	23,133	21,454	22,670	20,499	21,448	20,657	21,634	14,056	29,528	30,131	31,412	30,262	33,559	35,066	34,670	36,252	37,958	38,470	39,207	37,701	33,542	28,133	27,739	14,070	30,772	30,328	28,193	10,568	29,173	29,358	32,889	27,871	32,410	36,410	36,260	36,533	36,755
Systems implementation expense
-	-	-	-	-	-	-	-	142	15	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
43,972	43,032	43,484	48,978	41,004	40,076	39,659	36,172	41,754	41,682	43,092	36,905	46,920	53,545	54,078	46,517	55,718	56,833	58,796	58,759	58,578	57,872	56,734	59,878	39,159	37,527	37,220	14,828	40,149	39,821	40,725	9,665	38,922	38,554	39,077	29,182	39,996	39,719	40,560	43,039	42,005
Development service fee expense
168	847	833	14,026	12,924	79,808	28,067	33,308	23,665	17,828	11,004	12,165	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges - real estate assets
0	0	99	6,431	0	26,000	0	-	3,936	0	-	-	0	-	-	440	0	1,036	15,739	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
121,378	123,143	127,100	157,756	128,211	215,554	144,883	198,930	121,402	108,968	110,562	225,871	115,535	119,121	128,897	112,489	128,698	133,333	155,072	134,578	132,026	130,489	138,232	140,177	102,935	99,572	100,199	49,353	108,210	104,519	108,255	32,325	104,170	99,944	106,265	75,725	108,700	104,784	114,190	113,094	110,203
Operating income
-	-	-	-	-	-	-	-	50,185	54,490	55,204	-	75,322	67,533	61,243	52,080	70,274	70,185	51,829	69,108	66,330	62,470	59,398	52,254	52,413	51,452	46,928	11,807	59,473	59,975	58,687	5,621	61,022	64,483	59,869	50,118	66,756	67,860	63,876	73,265	73,354
OTHER INCOME (EXPENSE)
Interest and other income
2,630	7,998	3,394	3,380	3,474	2,700	2,494	2,230	1,734	1,908	1,862	1,103	3,153	4,992	4,598	5,847	4,959	6,581	6,371	-	6,230	-	2,439	-	4,512	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-	-	-	-	-	-	-	-	-19,714	-18,749	-19,772	-	-29,869	-25,139	-26,814	-24,415	-28,600	-28,485	-28,299	-30,438	-31,728	-35,353	-36,768	-33,383	-29,030	-22,781	-23,366	-9,310	-28,432	-28,063	-25,733	-9,349	-27,184	-27,018	-30,300	-26,008	-30,010	-33,764	-33,486	-33,454	-33,681
Income before gain on property dispositions, income taxes and equity in earnings of unconsolidated joint ventures
-	-	-	-	-	-	-	-	30,471	35,741	35,432	-	45,453	42,394	34,429	27,665	41,674	41,700	23,530	38,670	34,602	27,117	22,630	18,871	23,383	28,671	23,562	2,497	31,041	31,912	32,954	-3,728	33,838	37,465	29,569	24,110	36,746	34,096	30,390	39,811	39,673
Gain on property dispositions
15,168	5,462	741	26,770	2,002	48,584	4,158	69,845	23,840	5,895	807	193,599	1,318	3,832	20,521	43,327	53,467	1,249	2,271	43,271	-20	1,896	0	-	0	0	-	-2,859	2,001	335	523	1,664	1,898	302	1,161	537	691	2,242	768	100	-2,050
Income (Loss) from Equity Method Investments
1,776	2,181	7,009	424	6,766	7,428	6,764	3,129	4,305	3,990	5,731	2,430	9,043	5,583	4,914	2,344	-847	-5,254	6,906	3,017	1,592	1,546	4,159	2,094	650	1,566	1,757	716	-3,082	769	916	1,026	827	1,109	534	734	385	783	394	515	1,192
Income from continuing operations before income taxes
61,365	53,835	41,794	-	45,317	9,089	41,246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
878	-261	832	5,481	444	911	528	464	582	324	622	336	80	752	801	60	599	1,169	845	507	859	693	531	1,019	629	660	491	331	321	146	178	51	356	63	550	306	475	503	452	86	127
Income from continuing operations
60,487	54,096	40,962	72,296	44,873	8,178	40,718	104,122	58,034	45,302	41,348	173,162	55,734	51,057	59,063	73,276	93,695	36,526	31,862	84,451	35,315	29,866	26,258	19,946	23,404	29,577	24,828	23	29,639	32,870	34,215	-1,089	36,207	38,813	30,714	25,075	37,347	36,618	31,100	40,340	38,688
Income from discontinued operations
42,189	48,239	14,786	101,621	109,198	12,712	103,007	27,702	3,125	7,516	2,896	-	-	-	-	-	-	-	-	356	136	241	47,848	51,801	6,544	13,666	49,828	40,548	259	4,810	5,387	42,334	5,474	54,028	4,229	11,458	3,659	3,396	4,722	10,404	4,524
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
102,676	102,335	55,748	173,917	154,071	20,890	143,725	131,824	61,159	52,818	44,244	200,291	55,734	51,057	59,063	83,841	93,695	36,526	31,862	84,807	35,451	30,107	74,106	71,747	29,948	43,243	74,656	40,571	29,898	37,680	39,602	41,245	41,681	92,841	34,943	36,533	41,006	40,014	35,822	50,744	43,212
Noncontrolling interest - operating partnership
2,309	2,443	1,374	4,148	3,696	585	3,457	3,180	1,545	1,350	1,149	4,820	1,424	1,317	1,509	2,075	2,306	958	853	2,095	944	821	1,853	1,809	843	3,134	3,417	2,416	2,092	3,569	2,513	6,453	6,414	8,120	6,235	6,293	6,451	6,421	6,283	6,818	6,597
Noncontrolling interest - consolidated joint ventures
3	123	44	100	232	691	87	286	75	57	63	88	57	113	0	78	58	55	58	73	84	37	353	247	406	0	0	-	0	-	0	0	-53	-257	-201	118	-89	148	-12	23	-56
Net income available to common shareholders
100,364	99,769	54,330	169,669	150,143	19,614	140,181	128,358	59,539	51,411	43,032	195,383	54,253	49,627	57,554	81,688	91,331	35,513	30,951	82,639	34,423	29,249	71,900	69,691	28,699	40,109	71,239	38,430	27,806	34,111	37,089	34,792	35,320	84,978	28,909	30,122	34,644	33,445	29,551	43,903	36,671
Comprehensive income attributable to common shareholders
Net income
102,676	102,335	55,748	173,917	154,071	20,890	143,725	131,824	61,159	52,818	44,244	200,291	55,734	51,057	59,063	83,841	93,695	36,526	31,862	84,807	35,451	30,107	74,106	71,747	29,948	43,243	74,656	40,571	29,898	37,680	39,602	41,245	41,681	92,841	34,943	36,533	41,006	40,014	35,822	50,744	43,212
Other comprehensive loss - foreign currency translation
-7,056	-5,894	5,376	-4,940	-3,015	-14,138	7,932	1,752	5,634	7,503	3,177	-11,741	-4,407	-13,509	-5,087	-6,311	-7,970	12,151	-10,410	-10,481	-13,000	6,464	1,346	5,281	4,927	40	-4,851	389	2,245	-1,515	2,317	-	-2,247	-	-	-	-	-	-	-	-
Other comprehensive income (loss) - derivative instruments
83	-116	-1,854	-4,193	6	102	385	239	91	-38	313	1,542	663	-435	-1,360	1,051	-1,220	628	-947	-971	666	-1,145	-511	1,584	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income
-6,973	-6,010	3,522	-9,133	-3,009	-14,036	8,317	1,991	5,725	7,465	3,490	-10,199	-3,744	-13,944	-6,447	-5,260	-9,190	12,779	-11,357	-11,452	-12,334	5,319	835	6,865	4,927	40	-4,851	-	-	-	-	-	-	39	2,144	-	-	-	-	-	-
Total comprehensive income
95,703	96,325	59,270	164,784	151,062	6,854	152,042	133,815	66,884	60,283	47,734	190,092	51,990	37,113	52,616	78,581	84,505	49,305	20,505	73,355	23,117	35,426	74,941	78,612	34,875	43,283	69,805	40,960	32,143	36,165	41,919	41,029	39,434	92,880	37,087	-	-	-	-	-	-
Less: comprehensive income attributable to noncontrolling interest
2,463	2,427	1,500	4,036	3,858	949	3,738	3,513	1,754	1,582	1,293	4,668	1,393	1,101	1,357	2,030	2,148	1,309	648	1,930	739	983	2,226	2,219	1,370	3,135	3,271	2,153	2,161	3,522	2,586	5,937	6,342	8,121	6,306	-	-	-	-	-	-
Comprehensive income attributable to parent
93,240	93,898	57,770	160,748	147,204	5,905	148,304	130,302	65,130	58,701	46,441	185,424	50,597	36,012	51,259	76,551	82,357	47,996	19,857	71,425	22,378	34,443	72,715	76,393	33,505	40,148	66,534	38,807	29,982	32,643	39,333	35,092	33,092	84,759	30,781	-	-	-	-	-	-
Earnings Per Share, Basic [Abstract]
Income from continuing operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	0.22	0.19	-	0.24	0.25	0.28	-0.04	0.26	0.28	0.21	0.15	0.28	0.27	0.22	0.30	0.31
Income from discontinued operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	0.11	0.41	-	0.00	0.04	0.04	0.34	0.05	0.46	0.04	0.11	0.03	0.03	0.04	0.09	0.04
Earnings Per Share, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	0.33	0.60	-	0.24	0.29	0.32	0.30	0.31	0.74	0.25	0.26	0.31	0.30	0.26	0.39	0.35
Earnings Per Share, Diluted [Abstract]
Income from continuing operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	0.22	0.19	-	0.24	0.25	0.28	-0.05	0.26	0.28	0.21	0.16	0.27	0.26	0.22	0.30	0.31
Income from discontinued operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	0.11	0.41	-	0.00	0.04	0.04	0.34	0.05	0.46	0.04	0.11	0.03	0.03	0.04	0.09	0.04
Earnings Per Share, Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	0.33	0.60	-	0.24	0.29	0.32	0.29	0.31	0.74	0.25	0.27	0.30	0.29	0.26	0.39	0.35
Distributions per common share or unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.47	-	-	-	0.47	0.47	-	0.47	0.47	0.47	-	0.47	0.47	0.47	-	0.47	0.47	0.47	0.47	0.47
Weighted average number of common shares or units outstanding
Weighted Average Number of Shares Outstanding, Basic
150,140	147,805	147,559	147,442	147,324	147,274	147,060	146,998	146,811	146,688	146,471	146,535	146,215	145,995	146,071	147,297	148,582	148,778	148,315	148,005	147,422	147,012	146,425	146,323	135,628	120,081	118,688	117,656	117,141	116,683	115,972	115,370	115,014	114,623	114,013	113,634	113,077	112,644	112,341	111,351	105,768
Weighted Average Number of Shares Outstanding, Diluted
150,979	148,668	148,540	148,407	148,271	148,333	147,873	147,839	147,596	147,508	147,221	147,183	147,107	146,735	146,531	147,711	149,176	149,454	149,031	148,587	148,088	147,774	147,095	146,865	136,328	120,911	119,532	118,431	118,043	117,559	116,743	116,060	115,780	115,406	114,766	114,316	113,773	113,380	112,955	111,926	106,245
Amounts attributable to common shareholders or unitholders
Income from continuing operations net of noncontrolling interest
59,091	52,764	39,887	70,082	43,713	7,308	39,574	101,304	56,487	44,071	40,204	-	-	-	-	-	-	-	-	82,289	34,290	29,014	25,179	19,202	22,316	26,848	22,908	-868	27,555	29,449	31,872	-6,166	30,021	32,717	24,820	18,263	31,108	30,163	24,988	33,857	32,307
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
41,273	47,005	14,443	99,587	106,430	12,306	100,607	27,054	3,052	7,340	2,828	-	-	-	-	-	-	-	-	350	133	235	46,721	50,489	6,383	13,261	48,331	39,298	251	4,662	5,217	40,958	5,299	52,261	4,089	11,859	3,536	3,282	4,563	10,046	4,364
Net Income (Loss) Available to Common Stockholders, Basic
100,364	99,769	54,330	169,669	150,143	19,614	140,181	128,358	59,539	51,411	43,032	195,383	54,253	49,627	57,554	81,688	91,331	35,513	30,951	82,639	34,423	29,249	71,900	69,691	28,699	40,109	71,239	38,430	27,806	34,111	37,089	34,792	35,320	84,978	28,909	30,122	34,644	33,445	29,551	43,903	36,671
Liberty Property Limited Partnership
Rental revenue
162,912	160,359	156,886	-	148,330	146,107	146,361	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental
-	-	-	-	-	-	-	104,049	113,889	111,721	116,868	-	-	-	-	-	-	-	-	146,726	143,294	139,377	138,949	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expense reimbursement
-	-	-	-	-	-	-	31,771	33,522	33,478	37,413	-	-	-	-	-	-	-	-	56,960	55,062	53,582	58,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development service fee income
257	978	864	14,092	12,956	19,824	26,352	28,753	24,176	18,259	11,485	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
163,169	161,337	157,750	204,959	161,286	165,931	172,713	164,573	171,587	163,458	165,766	-	-	-	-	-	-	-	-	203,686	198,356	192,959	197,630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental property
12,012	14,104	13,620	22,923	12,871	13,247	13,260	11,888	14,833	13,358	17,535	-	-	-	-	-	-	-	-	34,450	33,105	31,928	38,641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes
23,001	23,487	22,462	25,599	22,693	21,793	21,578	20,090	20,427	20,729	21,906	-	-	-	-	-	-	-	-	26,002	25,595	25,716	24,501	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative
10,186	9,693	15,607	20,869	9,807	8,832	14,335	12,122	11,873	15,203	16,993	-	-	-	-	-	-	-	-	15,250	14,748	14,973	18,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasing expense
3,082	3,318	3,208	-	2,610	2,767	2,812	-	4,772	153	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cost and Expense, Operating
3,166	3,256	2,268	4,746	3,169	1,577	2,502	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
25,791	25,406	25,519	22,373	23,133	21,454	22,670	20,499	21,448	20,657	21,634	-	-	-	-	-	-	-	-	36,252	37,958	38,470	39,207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
43,972	43,032	43,484	48,978	41,004	40,076	39,659	36,172	41,754	41,682	43,092	-	-	-	-	-	-	-	-	58,759	58,578	57,872	56,734	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development service fee expense
168	847	833	14,026	12,924	79,808	28,067	33,308	23,665	17,828	11,004	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges - real estate assets
0	0	99	6,431	0	26,000	0	-	3,936	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
121,378	123,143	127,100	157,756	128,211	215,554	144,883	198,930	121,402	108,968	110,562	-	-	-	-	-	-	-	-	134,578	132,026	130,489	138,232	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other income
2,630	7,998	3,394	3,380	3,474	2,700	2,494	2,230	1,734	1,908	1,862	-	-	-	-	-	-	-	-	5,814	6,230	3,117	2,439	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on property dispositions
15,168	5,462	741	26,770	2,002	48,584	4,158	69,845	23,840	5,895	807	-	-	-	-	-	-	-	-	43,271	-20	1,896	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
1,776	2,181	7,009	424	6,766	7,428	6,764	3,129	4,305	3,990	5,731	-	-	-	-	-	-	-	-	3,017	1,592	1,546	4,159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before income taxes
61,365	53,835	41,794	-	45,317	9,089	41,246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
878	-261	832	5,481	444	911	528	464	582	324	622	-	-	-	-	-	-	-	-	507	859	693	531	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
60,487	54,096	40,962	72,296	44,873	8,178	40,718	104,122	58,034	45,302	41,348	-	-	-	-	-	-	-	-	84,451	35,315	29,866	26,258	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
42,189	48,239	14,786	101,621	109,198	12,712	103,007	27,702	3,125	7,516	2,896	-	-	-	-	-	-	-	-	356	136	241	47,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
102,676	102,335	55,748	173,917	154,071	20,890	143,725	131,824	61,159	52,818	44,244	-	-	-	-	-	-	-	-	84,807	35,451	30,107	74,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest – operating partnership
-	-	44	-	-	-	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest - consolidated joint ventures
3	123	84	69	232	691	118	286	75	57	63	-	-	-	-	-	-	-	-	73	84	37	353	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Dividends, Income Statement Impact
83	84	-	-	118	118	-	-	118	118	118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest in Net Income (Loss) Preferred Unit Holders, Redeemable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118	118	118	118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
102,590	102,128	55,620	173,699	153,721	20,081	143,520	131,420	60,966	52,643	44,063	-	-	-	-	-	-	-	-	84,616	35,249	29,952	73,635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
102,676	102,335	55,748	173,917	154,071	20,890	143,725	131,824	61,159	52,818	44,244	-	-	-	-	-	-	-	-	84,807	35,451	30,107	74,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive loss - foreign currency translation
-7,056	-5,894	5,376	-4,940	-3,015	-14,138	7,932	1,752	5,634	7,503	3,177	-	-	-	-	-	-	-	-	-10,481	-13,000	6,464	1,346	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss) - derivative instruments
83	-116	-1,854	-4,193	6	102	385	239	91	-38	313	-	-	-	-	-	-	-	-	-	-	-	-511	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income
-6,973	-6,010	3,522	-9,133	-3,009	-14,036	8,317	1,991	5,725	7,465	3,490	-	-	-	-	-	-	-	-	-11,452	-12,334	5,319	835	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive income
95,703	96,325	59,270	164,784	151,062	6,854	152,042	133,815	66,884	60,283	47,734	-	-	-	-	-	-	-	-	73,355	23,117	35,426	74,941	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic
153,646	151,319	151,079	150,962	150,844	150,794	150,580	150,525	150,339	150,216	150,000	-	-	-	-	-	-	-	-	151,560	150,976	150,563	149,981	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
154,485	152,182	152,060	151,927	151,791	151,853	151,393	151,366	151,124	151,036	150,750	-	-	-	-	-	-	-	-	152,142	151,642	151,325	150,651	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations net of noncontrolling interest
60,484	54,093	40,918	71,862	44,865	7,597	40,631	103,836	57,959	45,245	41,285	-	-	-	-	-	-	-	-	84,378	35,231	29,829	25,905	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
42,189	48,119	-	-	108,974	12,602	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Available to Common Stockholders, Basic
102,590	102,128	55,620	173,699	153,721	20,081	143,520	131,420	60,966	52,643	44,063	-	-	-	-	-	-	-	-	84,616	35,249	29,952	73,635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income allocated to general partners
100,364	99,769	54,330	169,669	150,143	19,614	140,181	128,358	59,539	51,411	43,032	-	-	-	-	-	-	-	-	82,639	34,423	29,249	71,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income allocated to limited partners
2,309	2,443	1,374	4,148	3,696	585	3,457	3,180	1,545	1,350	1,149	-	-	-	-	-	-	-	-	2,095	944	821	1,853	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liberty Property Limited Partnership [Member]
Systems implementation expense
-	-	-	-	-	-	-	-	142	15	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
-	-	-	-	-	-	-	-	50,185	54,490	55,204	-	-	-	-	-	-	-	-	69,108	66,330	62,470	59,398	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other income (expense)
-	-	-	-	-	-	-	-	-19,714	-18,749	-19,772	-	-	-	-	-	-	-	-	-30,438	-31,728	-35,353	-36,768	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before gain on property dispositions, income taxes and equity in earnings of unconsolidated joint ventures
-	-	-	-	-	-	-	-	30,471	35,741	35,432	-	-	-	-	-	-	-	-	38,670	34,602	27,117	22,630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess of preferred unit carrying amount over redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income - change in net unrealized gain on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	666	-1,145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions per common share or unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
Income taxes
-	261	-	-	-	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	48,239	-	-	-	12,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest - consolidated joint ventures
-	120	-	-	-	110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	47,005	-	-	-	12,306	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common shares
Income from continuing operations (in usd per share)
0.39	0.36	0.27	-	0.30	0.05	0.27	-	0.39	0.30	0.27	-	-	-	-	-	-	-	-	-	0.23	-	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations (in usd per share)
0.28	0.32	0.10	-	0.72	0.08	0.68	-	0.02	0.05	0.02	-	-	-	-	-	-	-	-	-	0.00	-	0.32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
0.67	0.68	0.37	-	1.02	0.13	0.95	-	0.41	0.35	0.29	-	-	-	-	-	-	-	-	-	0.23	-	0.49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations (in usd per share)
0.39	0.35	0.27	-	0.29	0.05	0.27	-	0.38	0.30	0.27	-	-	-	-	-	-	-	-	-	0.23	-	0.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations (in usd per share)
0.27	0.32	0.10	-	0.72	0.08	0.68	-	0.02	0.05	0.02	-	-	-	-	-	-	-	-	-	0.00	-	0.32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
0.66	0.67	0.37	-	1.01	0.13	0.95	-	0.40	0.35	0.29	-	-	-	-	-	-	-	-	-	0.23	-	0.49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class A [Member]
Distributions per common share or unit
-	-	-	-	-	-	-	-	0.40	0.40	0.40	-	-	-	-	-	-	-	-	-	0.47	-	0.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-