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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES    
Net income $ 77,282 $ 127,784
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,963 86,795
Amortization of deferred financing costs 2,397 2,735
Equity in earnings of unconsolidated joint ventures (1,685) (1,643)
Distributions from unconsolidated joint ventures 208 305
Gain on property dispositions (4,903) (52,090)
Noncash compensation 6,437 6,172
Changes in operating assets and liabilities:    
Restricted cash 24,101 (462)
Accounts receivable (4,241) (879)
Deferred rent receivable (3,398) (4,526)
Prepaid expenses and other assets (1,526) 16,803
Accounts payable 12,196 4,921
Accrued interest 1,049 (5,446)
Other liabilities (30,230) (13,754)
Net cash provided by operating activities 160,650 166,715
INVESTING ACTIVITIES    
Investment in properties - acquisitions (29,294) (34,151)
Investment in properties - other (27,898) (33,107)
Investments in and advances to unconsolidated joint ventures (2,575) (8,382)
Distributions from unconsolidated joint ventures 5,472 6,391
Net proceeds from disposition of properties/land 214,877 264,419
Net proceeds from public reimbursement receivable/escrow (78) (56,395)
Investment in development in progress (97,062) (10,310)
Investment in land held for development (10,791) (5,116)
Investment in deferred leasing costs (14,448) (10,844)
Net cash provided by (used in) investing activities 38,203 112,505
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 31,234 24,580
Payments for Repurchase of Redeemable Preferred Stock (221,000) 0
Proceeds from unsecured notes 400,000 0
Repayments of unsecured notes 0 (246,500)
Proceeds from mortgage loans 17,311 0
Repayments of mortgage loans (26,960) (26,976)
Proceeds from credit facility 453,200 283,000
Repayments on credit facility (592,600) (250,000)
Increase in deferred financing costs (4,272) (13)
Distribution paid on Common Shares (110,731) (108,881)
Distribution paid on units (10,130) (14,442)
Net cash used in financing activities (63,948) (339,232)
Net decrease in cash and cash equivalents 134,905 (60,012)
Increase (decrease) in cash and cash equivalents related to foreign currency translation 1,013 1,498
Cash and cash equivalents at beginning of period 18,204 108,409
Cash and cash equivalents at end of period 154,122 49,895
Liberty Property Limited Partnership [Member]
   
OPERATING ACTIVITIES    
Net income 77,282 127,784
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,963 86,795
Amortization of deferred financing costs 2,397 2,735
Equity in earnings of unconsolidated joint ventures (1,685) (1,643)
Distributions from unconsolidated joint ventures 208 305
Gain on property dispositions (4,903) (52,090)
Noncash compensation 6,437 6,172
Changes in operating assets and liabilities:    
Restricted cash 24,101 (462)
Accounts receivable (4,241) (879)
Deferred rent receivable (3,398) (4,526)
Prepaid expenses and other assets (1,526) 16,803
Accounts payable 12,196 4,921
Accrued interest 1,049 (5,446)
Other liabilities (30,230) (13,754)
Net cash provided by operating activities 160,650 166,715
INVESTING ACTIVITIES    
Investment in properties - acquisitions (29,294) (34,151)
Investment in properties - other (27,898) (33,107)
Investments in and advances to unconsolidated joint ventures (2,575) (8,382)
Distributions from unconsolidated joint ventures 5,472 6,391
Net proceeds from disposition of properties/land 214,877 264,419
Net proceeds from public reimbursement receivable/escrow (78) (56,395)
Investment in development in progress (97,062) (10,310)
Investment in land held for development (10,791) (5,116)
Investment in deferred leasing costs (14,448) (10,844)
Net cash provided by (used in) investing activities 38,203 112,505
FINANCING ACTIVITIES    
Payments for Repurchase of Redeemable Preferred Stock (221,000) 0
Proceeds from unsecured notes 400,000 0
Repayments of unsecured notes 0 (246,500)
Proceeds from mortgage loans 17,311 0
Repayments of mortgage loans (26,960) (26,976)
Proceeds from credit facility 453,200 283,000
Repayments on credit facility (592,600) (250,000)
Increase in deferred financing costs (4,272) (13)
Capital contributions 31,234 24,580
Distributions to partners (120,861) (123,323)
Net cash used in financing activities (63,948) (339,232)
Net decrease in cash and cash equivalents 134,905 (60,012)
Increase (decrease) in cash and cash equivalents related to foreign currency translation 1,013 1,498
Cash and cash equivalents at beginning of period 18,204 108,409
Cash and cash equivalents at end of period $ 154,122 $ 49,895