|
Income per Common Unit of the Operating Partnership
|
3 Months Ended |
|
Mar. 31, 2015
|
| Earnings Per Share, Basic and Diluted [Line Items] |
|
| Earnings Per Share [Text Block] |
Income per Common Share of the Trust
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 | | March 31, 2015 | | March 31, 2014 | | 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 | $ | 30,951 |
| | 148,315 |
| | $ | 0.21 |
| | $ | 25,179 |
| | 146,425 |
| | $ | 0.17 |
| Dilutive shares for long-term compensation plans | — |
| | 716 |
| | | | — |
| | 670 |
| | | Diluted income from continuing operations | | | | | | | | | | | | Income from continuing operations net of noncontrolling interest | $ | 30,951 |
| | 149,031 |
| | $ | 0.21 |
| | $ | 25,179 |
| | 147,095 |
| | $ | 0.17 |
| Basic income from discontinued operations | | | | | | | | | | | | Discontinued operations net of noncontrolling interest | $ | — |
| | 148,315 |
| | $ | — |
| | $ | 46,721 |
| | 146,425 |
| | $ | 0.32 |
| Dilutive shares for long-term compensation plans | — |
| | 716 |
| | | | — |
| | 670 |
| | | Diluted income from discontinued operations | | | | | | | | | | | | Discontinued operations net of noncontrolling interest | $ | — |
| | 149,031 |
| | $ | — |
| | $ | 46,721 |
| | 147,095 |
| | $ | 0.32 |
| Basic income per common share | | | | | | | | | | | | Net income available to common shareholders | $ | 30,951 |
| | 148,315 |
| | $ | 0.21 |
| | $ | 71,900 |
| | 146,425 |
| | $ | 0.49 |
| Dilutive shares for long-term compensation plans | — |
| | 716 |
| | | | — |
| | 670 |
| | | Diluted income per common share | | | | | | | | | | | | Net income available to common shareholders | $ | 30,951 |
| | 149,031 |
| | $ | 0.21 |
| | $ | 71,900 |
| | 147,095 |
| | $ | 0.49 |
| | | | | | | | | | | | |
Dilutive shares for long-term compensation plans represent the unvested common shares outstanding during the periods as well as the dilutive effect of outstanding options. The amount of anti-dilutive options excluded from the computation of diluted income per common share for the three months ended March 31, 2015 was 596,000 as compared to 1,247,000 for the same period in 2014. |
| Stock Option Exercises [Text Block] |
During the three months ended March 31, 2015, 44,000 common shares were issued upon the exercise of options. During the year ended December 31, 2014, 44,000 common shares were issued upon the exercise of options. |
| Liberty Property Limited Partnership [Member] |
|
| Earnings Per Share, Basic and Diluted [Line Items] |
|
| Earnings Per Share [Text Block] |
Income per Common Unit of the Operating Partnership
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 | | March 31, 2015 | | March 31, 2014 | | 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 | $ | 31,804 |
| | | | | | $ | 25,905 |
| | | | | Less: Preferred unit distributions | (118 | ) | | | | | | (118 | ) | | | | | Basic income from continuing operations | | | | | | | | | | | | Income from continuing operations available to common unitholders | $ | 31,686 |
| | 151,856 |
| | $ | 0.21 |
| | $ | 25,787 |
| | 149,981 |
| | $ | 0.17 |
| Dilutive units for long-term compensation plans | — |
| | 716 |
| | | | — |
| | 670 |
| | | Diluted income from continuing operations | | | | | | | | | | | | Income from continuing operations available to common unitholders | $ | 31,686 |
| | 152,572 |
| | $ | 0.21 |
| | $ | 25,787 |
| | 150,651 |
| | $ | 0.17 |
| Basic income from discontinued operations | | | | | | | | | | | | Discontinued operations | $ | — |
| | 151,856 |
| | $ | — |
| | $ | 47,848 |
| | 149,981 |
| | $ | 0.32 |
| Dilutive units for long-term compensation plans | — |
| | 716 |
| | | | — |
| | 670 |
| | | Diluted income from discontinued operations | | | | | | | | | | | | Discontinued operations | $ | — |
| | 152,572 |
| | $ | — |
| | $ | 47,848 |
| | 150,651 |
| | $ | 0.32 |
| Basic income per common unit | | | | | | | | | | | | Income available to common unitholders | $ | 31,686 |
| | 151,856 |
| | $ | 0.21 |
| | $ | 73,635 |
| | 149,981 |
| | $ | 0.49 |
| Dilutive units for long-term compensation plans | — |
| | 716 |
| | | | — |
| | 670 |
| | | Diluted income per common unit | | | | | | | | | | | | Income available to common unitholders | $ | 31,686 |
| | 152,572 |
| | $ | 0.21 |
| | $ | 73,635 |
| | 150,651 |
| | $ | 0.49 |
| | | | | | | | | | | | |
Dilutive units for long-term compensation plans represent the unvested common units outstanding during the periods as well as the dilutive effect of outstanding options. The amount of anti-dilutive options excluded from the computation of diluted income per common unit for the three months ended March 31, 2015 was 596,000 as compared to 1,247,000 for the same period in 2014. |
| Stock Option Exercises [Text Block] |
During the three months ended March 31, 2015, 44,000 common units were issued upon exercise of options. During the year ended December 31, 2014, 44,000 common units were issued upon the exercise of options. |