Attached files
file | filename |
---|---|
8-K - 8-K - LIBERTY PROPERTY TRUST | a13-4394_28k.htm |
EX-99.1 - EX-99.1 - LIBERTY PROPERTY TRUST | a13-4394_2ex99d1.htm |
EX-99.2 - EX-99.2 - LIBERTY PROPERTY TRUST | a13-4394_2ex99d2.htm |
Exhibit 99.3
Liberty Property Trust
Balance Sheet
December 31, 2012
(Unaudited and in thousands, except share and unit amounts)
|
|
December 31, 2012 |
|
December 31, 2011 |
| ||
Assets |
|
|
|
|
| ||
Real estate: |
|
|
|
|
| ||
Land and land improvements |
|
$ |
900,501 |
|
$ |
852,785 |
|
Building and improvements |
|
4,353,433 |
|
4,092,056 |
| ||
Less: accumulated depreciation |
|
(1,170,030 |
) |
(1,047,336 |
) | ||
|
|
|
|
|
| ||
Operating real estate |
|
4,083,904 |
|
3,897,505 |
| ||
|
|
|
|
|
| ||
Development in progress |
|
248,602 |
|
88,848 |
| ||
Land held for development |
|
258,324 |
|
219,375 |
| ||
|
|
|
|
|
| ||
Net real estate |
|
4,590,830 |
|
4,205,728 |
| ||
|
|
|
|
|
| ||
Cash and cash equivalents |
|
38,356 |
|
18,204 |
| ||
Restricted cash |
|
33,147 |
|
63,659 |
| ||
Accounts receivable |
|
8,988 |
|
8,192 |
| ||
Deferred rent receivable |
|
108,628 |
|
102,613 |
| ||
Deferred financing and leasing costs, net of accumulated amortization (2012, $136,706; 2011, $123,557) |
|
141,245 |
|
129,614 |
| ||
Investments in and advances to unconsolidated joint ventures |
|
169,021 |
|
174,687 |
| ||
Assets held for sale |
|
|
|
210,790 |
| ||
Prepaid expenses and other assets |
|
87,756 |
|
76,186 |
| ||
|
|
|
|
|
| ||
Total assets |
|
$ |
5,177,971 |
|
$ |
4,989,673 |
|
|
|
|
|
|
| ||
Liabilities |
|
|
|
|
| ||
Mortgage loans |
|
$ |
302,855 |
|
$ |
290,819 |
|
Unsecured notes |
|
2,262,543 |
|
1,792,643 |
| ||
Credit facility |
|
92,000 |
|
139,400 |
| ||
Accounts payable |
|
31,058 |
|
23,418 |
| ||
Accrued interest |
|
20,164 |
|
24,147 |
| ||
Dividend and distributions payable |
|
58,038 |
|
56,958 |
| ||
Other liabilities |
|
185,956 |
|
194,995 |
| ||
|
|
|
|
|
| ||
Total liabilities |
|
2,952,614 |
|
2,522,380 |
| ||
|
|
|
|
|
| ||
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of December 31, 2012 and December 31, 2011 |
|
7,537 |
|
7,537 |
| ||
|
|
|
|
|
| ||
Equity |
|
|
|
|
| ||
Shareholders equity: |
|
|
|
|
| ||
Common shares of beneficial interest, $.001 par value, 183,987,000 shares authorized, 119,720,776 (includes 1,249,909 in treasury) and 117,352,353 (includes 1,249,909 in treasury) shares issued and outstanding as of December 31, 2012 and December 31, 2011, respectively |
|
119 |
|
117 |
| ||
Additional paid-in capital |
|
2,687,701 |
|
2,617,355 |
| ||
Accumulated other comprehensive income (loss) |
|
2,900 |
|
(429 |
) | ||
Distributions in excess of net income |
|
(547,757 |
) |
(461,498 |
) | ||
Common shares in treasury, at cost, 1,249,909 shares as of December 31, 2012 and December 31, 2011 |
|
(51,951 |
) |
(51,951 |
) | ||
Total shareholders equity |
|
2,091,012 |
|
2,103,594 |
| ||
|
|
|
|
|
| ||
Noncontrolling interest - operating partnership |
|
|
|
|
| ||
3,713,851 and 3,808,746 common units outstanding as of December 31, 2012 and December 31, 2011, respectively |
|
60,223 |
|
64,428 |
| ||
1,290,000 and 9,740,000 preferred units outstanding as of December 31, 2012 and December 31, 2011, respectively |
|
63,264 |
|
287,959 |
| ||
Noncontrolling interest - consolidated joint ventures |
|
3,321 |
|
3,775 |
| ||
|
|
|
|
|
| ||
Total equity |
|
2,217,820 |
|
2,459,756 |
| ||
|
|
|
|
|
| ||
Total liabilities, noncontrolling interest - operating partnership & equity |
|
$ |
5,177,971 |
|
$ |
4,989,673 |
|