Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Document Period End Date	Sep. 30, 2019
OPERATING ACTIVITIES
Net income	$ 260,761	$ 318,686
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	132,511	132,276
Amortization of deferred financing costs	3,498	2,876
Expensed pursuit costs	864	1,675
Impairment charges - real estate assets	21,581	26,000
Loss on debt extinguishment	7,618	0
Equity in earnings of unconsolidated joint ventures	(10,966)	(20,958)
Distributions from unconsolidated joint ventures	1,500	0
Gain on property dispositions	(137,577)	(239,394)
Share-based compensation	12,405	12,310
Development service fee accrual	0	61,705
Other	(8,875)	(3,612)
Changes in operating assets and liabilities:
Accounts receivable	(3,069)	(1,543)
Deferred rent receivable	(14,366)	(14,782)
Prepaid expenses and other assets	2,102	29,981
Accounts payable	(4,729)	(6,435)
Accrued interest	14,221	13,695
Other liabilities	(50,874)	(16,035)
Net cash provided by operating activities	226,605	296,445
INVESTING ACTIVITIES
Investment in properties – acquisitions	(208,786)	(293,049)
Investment in properties – other	(31,856)	(34,331)
Investments in and advances to unconsolidated joint ventures	(8,567)	(79,036)
Distributions from unconsolidated joint ventures	20,739	30,055
Net proceeds from disposition of properties/land	412,474	574,542
Investment in development in progress	(165,820)	(165,197)
Investment in land held for development	(60,573)	(171,221)
Payment of deferred leasing costs	(25,173)	(18,452)
Release (deposit) of escrows and other	90,660	(128,910)
Net cash provided by (used in) investing activities	23,098	(285,599)
FINANCING ACTIVITIES
Net proceeds from issuance of common shares	462,117	5,255
Share repurchases, including shares related to tax withholdings	(8,847)	(4,638)
Redemption of preferred units	(2,200)	0
Proceeds from unsecured notes	349,097	0
Repayments of mortgage loans including prepayment penalty	(98,467)	(31,954)
Proceeds from credit facility	250,130	1,187,357
Repayments on credit facility	(561,976)	(975,456)
Payment of deferred financing costs	(2,789)	(15)
Acquisition of noncontrolling interest	(18,513)	0
Distribution paid on common shares	(180,735)	(177,210)
Distributions to partners/noncontrolling interests	(4,960)	(5,130)
Net cash provided by (used in) financing activities	182,857	(1,791)
Net increase in cash, cash equivalents and restricted cash	432,560	9,055
Increase (decrease) in cash, cash equivalents and restricted cash related to foreign currency translation	506	(3,599)
Cash, cash equivalents and restricted cash at beginning of period	95,822	25,685
Cash, cash equivalents and restricted cash at end of period	528,888	31,141
Liberty Property Limited Partnership
OPERATING ACTIVITIES
Net income	260,761	318,686
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	132,511	132,276
Amortization of deferred financing costs	3,498	2,876
Expensed pursuit costs	864	1,675
Impairment charges - real estate assets	21,581	26,000
Loss on debt extinguishment	7,618	0
Equity in earnings of unconsolidated joint ventures	(10,966)	(20,958)
Distributions from unconsolidated joint ventures	1,500	0
Gain on property dispositions	(137,577)	(239,394)
Share-based compensation	12,405	12,310
Development service fee accrual	0	61,705
Other	(8,875)	(3,612)
Changes in operating assets and liabilities:
Accounts receivable	(3,069)	(1,543)
Deferred rent receivable	(14,366)	(14,782)
Prepaid expenses and other assets	2,102	29,981
Accounts payable	(4,729)	(6,435)
Accrued interest	14,221	13,695
Other liabilities	(50,874)	(16,035)
Net cash provided by operating activities	226,605	296,445
INVESTING ACTIVITIES
Investment in properties – acquisitions	(208,786)	(293,049)
Investment in properties – other	(31,856)	(34,331)
Investments in and advances to unconsolidated joint ventures	(8,567)	(79,036)
Distributions from unconsolidated joint ventures	20,739	30,055
Net proceeds from disposition of properties/land	412,474	574,542
Investment in development in progress	(165,820)	(165,197)
Investment in land held for development	(60,573)	(171,221)
Payment of deferred leasing costs	(25,173)	(18,452)
Release (deposit) of escrows and other	90,660	(128,910)
Net cash provided by (used in) investing activities	23,098	(285,599)
FINANCING ACTIVITIES
Redemption of preferred units	(2,200)	0
Proceeds from unsecured notes	349,097	0
Repayments of mortgage loans including prepayment penalty	(98,467)	(31,954)
Proceeds from credit facility	250,130	1,187,357
Repayments on credit facility	(561,976)	(975,456)
Payment of deferred financing costs	(2,789)	(15)
Acquisition of noncontrolling interest	(18,513)	0
Capital contributions	462,117	5,255
Distributions to partners/noncontrolling interests	(194,542)	(186,978)
Net cash provided by (used in) financing activities	182,857	(1,791)
Net increase in cash, cash equivalents and restricted cash	432,560	9,055
Increase (decrease) in cash, cash equivalents and restricted cash related to foreign currency translation	506	(3,599)
Cash, cash equivalents and restricted cash at beginning of period	95,822	25,685
Cash, cash equivalents and restricted cash at end of period	$ 528,888	$ 31,141