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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 104,213 $ 117,899
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116,547 90,956
Amortization of deferred financing costs 2,629 1,964
Equity in earnings of unconsolidated joint ventures (5,705) (3,323)
Distributions from unconsolidated joint ventures 0 470
Gain on property dispositions (48,152) (49,364)
Share-based compensation 8,500 6,359
Other (2,210) (4,461)
Changes in operating assets and liabilities:    
Restricted cash 33,239 5,478
Accounts receivable (1,307) 875
Deferred rent receivable (7,548) (4,197)
Prepaid expenses and other assets (29,907) 1,477
Accounts payable 9,100 1,161
Accrued interest 2,753 (158)
Other liabilities (34,802) (18,727)
Net cash provided by operating activities 147,350 146,409
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (90,837) (133,500)
Investment in operating properties - other (39,073) (24,104)
Investments in and advances to unconsolidated joint ventures (12,008) (8,153)
Distributions from unconsolidated joint ventures 5,429 4,975
Net proceeds from disposition of properties/land 351,299 124,453
Net proceeds from public reimbursement receivable/escrow 5,627 10,845
Investment in development in progress (150,199) (47,843)
Investment in land held for development (12,793) (13,586)
Investment in deferred leasing costs (18,252) (15,166)
Net cash provided by (used in) investing activities 39,193 (102,079)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 31,588 108,852
Redemption of preferred units 0 (64,500)
Proceeds from mortgage loans 0 6,738
Repayments of mortgage loans (7,013) (2,506)
Proceeds from credit facility 0 269,550
Repayments on credit facility 0 (216,550)
Increase in deferred financing costs (3,635) (8)
Distribution paid on common shares (139,598) (113,241)
Distribution paid on units (3,814) (5,827)
Net cash used in financing activities (122,472) (17,492)
Net increase in cash and cash equivalents 64,071 26,838
Increase (decrease) in cash and cash equivalents related to foreign currency translation 1,193 (3,515)
Cash and cash equivalents at beginning of period 163,414 38,356
Cash and cash equivalents at end of period 228,678 61,679
Liberty Property Limited Partnership [Member]
   
OPERATING ACTIVITIES    
Net income 104,213 117,899
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116,547 90,956
Amortization of deferred financing costs 2,629 1,964
Equity in earnings of unconsolidated joint ventures (5,705) (3,323)
Distributions from unconsolidated joint ventures 0 470
Gain on property dispositions (48,152) (49,364)
Share-based compensation 8,500 6,359
Other (2,210) (4,461)
Changes in operating assets and liabilities:    
Restricted cash 33,239 5,478
Accounts receivable (1,307) 875
Deferred rent receivable (7,548) (4,197)
Prepaid expenses and other assets (29,907) 1,477
Accounts payable 9,100 1,161
Accrued interest 2,753 (158)
Other liabilities (34,802) (18,727)
Net cash provided by operating activities 147,350 146,409
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (90,837) (133,500)
Investment in operating properties - other (39,073) (24,104)
Investments in and advances to unconsolidated joint ventures (12,008) (8,153)
Distributions from unconsolidated joint ventures 5,429 4,975
Net proceeds from disposition of properties/land 351,299 124,453
Net proceeds from public reimbursement receivable/escrow 5,627 10,845
Investment in development in progress (150,199) (47,843)
Investment in land held for development (12,793) (13,586)
Investment in deferred leasing costs (18,252) (15,166)
Net cash provided by (used in) investing activities 39,193 (102,079)
FINANCING ACTIVITIES    
Redemption of preferred units 0 (64,500)
Proceeds from mortgage loans 0 6,738
Repayments of mortgage loans (7,013) (2,506)
Proceeds from credit facility 0 269,550
Repayments on credit facility 0 (216,550)
Increase in deferred financing costs (3,635) (8)
Capital contributions 31,588 108,852
Distributions to partners (143,412) (119,068)
Net cash used in financing activities (122,472) (17,492)
Net increase in cash and cash equivalents 64,071 26,838
Increase (decrease) in cash and cash equivalents related to foreign currency translation 1,193 (3,515)
Cash and cash equivalents at beginning of period 163,414 38,356
Cash and cash equivalents at end of period $ 228,678 $ 61,679