<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Consolidated Balance Sheet at June 30, 1999 and the Consolidated Statement of Operations for the six months ended June 30, 1999 and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000921112 <NAME> LIBERTY PROPERTY TRUST <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 33,555 <SECURITIES> 0 <RECEIVABLES> 5,780 <ALLOWANCES> 2,977 <INVENTORY> 0 <CURRENT-ASSETS> 39,335 <PP&E> 3,167,096 <DEPRECIATION> 243,685 <TOTAL-ASSETS> 3,042,405 <CURRENT-LIABILITIES> 46,853 <BONDS> 1,512,879 <PREFERRED-MANDATORY> 0 <PREFERRED> 120,814 <COMMON> 66 <OTHER-SE> 1,169,955 <TOTAL-LIABILITY-AND-EQUITY> 3,042,405 <SALES> 0 <TOTAL-REVENUES> 127,482 <CGS> 0 <TOTAL-COSTS> 30,689 <OTHER-EXPENSES> 24,638 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 25,822 <INCOME-PRETAX> 46,263 <INCOME-TAX> 0 <INCOME-CONTINUING> 46,263 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 40,502 <EPS-BASIC> 0.61 <EPS-DILUTED> 0.60