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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net income $ 158,221,000 $ 165,854,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139,389,000 156,562,000
Amortization of deferred financing costs 2,811,000 3,068,000
Expensed pursuit costs 4,957,000 882,000
Impairment charges - real estate assets 9,650,000 0
Loss on debt extinguishment 0 (3,494,000)
Equity in earnings of unconsolidated joint ventures (14,026,000) (19,540,000)
Gain on property dispositions (30,542,000) (25,671,000)
Share-based compensation/Non-cash compensation 12,467,000 17,673,000
Other (2,547,000) (5,326,000)
Changes in operating assets and liabilities:    
Restricted cash (3,330,000) 4,059,000
Accounts receivable 1,976,000 (4,980,000)
Deferred rent receivable (15,360,000) (12,948,000)
Prepaid expenses and other assets (28,115,000) (23,054,000)
Accounts payable 13,249,000 21,343,000
Accrued interest 12,829,000 12,800,000
Other liabilities (42,000) (2,561,000)
Net cash provided by operating activities 261,587,000 291,655,000
INVESTING ACTIVITIES    
Investment in properties - acquisitions (62,327,000) (9,278,000)
Investment in properties - other (39,719,000) (44,017,000)
Investments in and advances to unconsolidated joint ventures (41,154,000) (50,460,000)
Distributions from unconsolidated joint ventures 17,089,000 49,372,000
Net proceeds from disposition of properties/land 56,474,000 142,808,000
Investment in development in progress (189,282,000) (259,193,000)
Investment in land held for development (93,813,000) (70,809,000)
Payment of deferred leasing costs (28,424,000) (22,306,000)
Investing - Other 24,096,000 4,874,000
Net cash used in investing activities (357,060,000) (259,009,000)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 7,356,000 11,967,000
Share repurchase including shares related to tax withholdings (4,879,000) (45,728,000)
Proceeds from unsecured notes 0 396,648,000
Repayments of unsecured notes including prepayment premium 0 (303,673,000)
Repayments of mortgage loans (5,974,000) (25,260,000)
Proceeds from credit facility 486,000,000 466,300,000
Repayments on credit facility (191,000,000) (305,300,000)
Payment of deferred financing costs (22,000) (2,600,000)
Distribution paid on common shares (187,625,000) (209,428,000)
Distribution paid on units (5,450,000) (5,690,000)
Net cash provided by (used in) financing activities 98,406,000 (22,764,000)
Net increase in cash and cash equivalents 2,933,000 9,882,000
Increase (decrease) in cash and cash equivalents related to foreign currency translation 1,091,000 (2,945,000)
Cash and cash equivalents at beginning of period 43,642,000 35,353,000
Cash and cash equivalents at end of period 47,666,000 42,290,000
Liberty Property Limited Partnership [Member]    
OPERATING ACTIVITIES    
Net income 158,221,000 165,854,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139,389,000 156,562,000
Amortization of deferred financing costs 2,811,000 3,068,000
Expensed pursuit costs 4,957,000 882,000
Impairment charges - real estate assets 9,650,000 0
Loss on debt extinguishment 0 (3,494,000)
Equity in earnings of unconsolidated joint ventures (14,026,000) (19,540,000)
Gain on property dispositions (30,542,000) (25,671,000)
Share-based compensation/Non-cash compensation 12,467,000 17,673,000
Other (2,547,000) (5,326,000)
Changes in operating assets and liabilities:    
Restricted cash (3,330,000) 4,059,000
Accounts receivable 1,976,000 (4,980,000)
Deferred rent receivable (15,360,000) (12,948,000)
Prepaid expenses and other assets (28,115,000) (23,054,000)
Accounts payable 13,249,000 21,343,000
Accrued interest 12,829,000 12,800,000
Other liabilities (42,000) (2,561,000)
Net cash provided by operating activities 261,587,000 291,655,000
INVESTING ACTIVITIES    
Investment in properties - acquisitions (62,327,000) (9,278,000)
Investment in properties - other (39,719,000) (44,017,000)
Investments in and advances to unconsolidated joint ventures (41,154,000) (50,460,000)
Distributions from unconsolidated joint ventures 17,089,000 49,372,000
Net proceeds from disposition of properties/land 56,474,000 142,808,000
Investment in development in progress (189,282,000) (259,193,000)
Investment in land held for development (93,813,000) (70,809,000)
Payment of deferred leasing costs (28,424,000) (22,306,000)
Investing - Other 24,096,000 4,874,000
Net cash used in investing activities (357,060,000) (259,009,000)
FINANCING ACTIVITIES    
Proceeds from unsecured notes 0 396,648,000
Repayments of unsecured notes including prepayment premium 0 (303,673,000)
Repayments of mortgage loans (5,974,000) (25,260,000)
Proceeds from credit facility 486,000,000 466,300,000
Repayments on credit facility (191,000,000) (305,300,000)
Payment of deferred financing costs (22,000) (2,600,000)
Capital contributions 7,356,000 11,967,000
Distributions to partners/noncontrolling interests (197,954,000) (260,846,000)
Net cash provided by (used in) financing activities 98,406,000 (22,764,000)
Net increase in cash and cash equivalents 2,933,000 9,882,000
Increase (decrease) in cash and cash equivalents related to foreign currency translation 1,091,000 (2,945,000)
Cash and cash equivalents at beginning of period 43,642,000 35,353,000
Cash and cash equivalents at end of period $ 47,666,000 $ 42,290,000