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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING REVENUE    
Rental $ 139,054,000 $ 148,585,000
Operating expense reimbursement 51,086,000 58,316,000
Total operating revenue 190,140,000 206,901,000
OPERATING EXPENSE    
Rental property 28,509,000 35,571,000
Real estate taxes 25,320,000 26,164,000
General and administrative 20,990,000 18,802,000
Depreciation and amortization 54,078,000 58,796,000
Impairment - real estate assets 0 15,739,000
Total operating expenses 128,897,000 155,072,000
Operating income 61,243,000 51,829,000
OTHER INCOME (EXPENSE)    
Interest and other income 4,598,000 6,371,000
Interest expense (31,412,000) (34,670,000)
Total other income (expense) (26,814,000) (28,299,000)
Income before gain on property dispositions, income taxes and equity in earnings of unconsolidated joint ventures 34,429,000 23,530,000
Gain on property dispositions 20,521,000 2,271,000
Income taxes (801,000) (845,000)
Equity in earnings of unconsolidated joint ventures 4,914,000 6,906,000
Income from continuing operations 59,063,000 31,862,000
Net income 59,063,000 31,862,000
Noncontrolling interest – operating partnership (1,509,000) (853,000)
Noncontrolling interest - consolidated joint ventures 0 (58,000)
Net income available to common shareholders 57,554,000 30,951,000
Comprehensive income attributable to common shareholders    
Net income 59,063,000 31,862,000
Other comprehensive loss - foreign currency translation (5,087,000) (10,410,000)
Other comprehensive loss - derivative instruments (1,360,000) (947,000)
Other comprehensive loss (6,447,000) (11,357,000)
Total comprehensive income 52,616,000 20,505,000
Less: comprehensive income attributable to noncontrolling interest (1,357,000) (648,000)
Comprehensive income attributable to common shareholders $ 51,259,000 $ 19,857,000
Weighted average number of common shares outstanding    
Basic 146,071 148,315
Diluted 146,531 149,031
Amounts attributable to common shareholders    
Net income available to common shareholders $ 57,554,000 $ 30,951,000
Liberty Property Limited Partnership [Member]    
OPERATING REVENUE    
Rental 139,054,000 148,585,000
Operating expense reimbursement 51,086,000 58,316,000
Total operating revenue 190,140,000 206,901,000
OPERATING EXPENSE    
Rental property 28,509,000 35,571,000
Real estate taxes 25,320,000 26,164,000
General and administrative 20,990,000 18,802,000
Depreciation and amortization 54,078,000 58,796,000
Impairment - real estate assets 0 15,739,000
Total operating expenses 128,897,000 155,072,000
Operating income 61,243,000 51,829,000
OTHER INCOME (EXPENSE)    
Interest and other income 4,598,000 6,371,000
Interest expense (31,412,000) (34,670,000)
Total other income (expense) (26,814,000) (28,299,000)
Income before gain on property dispositions, income taxes and equity in earnings of unconsolidated joint ventures 34,429,000 23,530,000
Gain on property dispositions 20,521,000 2,271,000
Income taxes (801,000) (845,000)
Equity in earnings of unconsolidated joint ventures 4,914,000 6,906,000
Net income 59,063,000 31,862,000
Noncontrolling interest - consolidated joint ventures 0 (58,000)
Preferred unit distributions (118,000) (118,000)
Net income available to common shareholders 58,945,000 31,686,000
Comprehensive income attributable to common shareholders    
Net income 59,063,000 31,862,000
Other comprehensive loss - foreign currency translation (5,087,000) (10,410,000)
Other comprehensive loss - derivative instruments (1,360,000) (947,000)
Other comprehensive loss (6,447,000) (11,357,000)
Total comprehensive income $ 52,616,000 $ 20,505,000
Weighted average number of common shares outstanding    
Basic 149,610 151,856
Diluted 150,070 152,572
Net income allocated to general partners $ 57,554,000 $ 30,951,000
Net income allocated to limited partners 1,509,000 853,000
Amounts attributable to common shareholders    
Income from continuing operations 59,063,000 31,804,000
Net income available to common shareholders $ 58,945,000 $ 31,686,000
Common shares [Member]    
Basic:    
Income per common share - basic $ 0.39 $ 0.21
Diluted:    
Income per common share - diluted 0.39 0.21
Distributions per common share or unit 0.475 0.475
Common Units [Member] | Liberty Property Limited Partnership [Member]    
Basic:    
Income per common share - basic 0.39 0.21
Diluted:    
Income per common share - diluted 0.39 0.21
Distributions per common share or unit $ 0.475 $ 0.475