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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES    
Net income $ 117,899 $ 77,282
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 90,956 82,963
Amortization of deferred financing costs 2,348 2,397
Equity in earnings of unconsolidated joint ventures (3,323) (1,685)
Distributions from unconsolidated joint ventures 470 208
Gain on property dispositions (54,209) (4,903)
Share-based compensation 6,359 6,437
Changes in operating assets and liabilities:    
Restricted cash 5,478 24,101
Accounts receivable 875 (4,241)
Deferred rent receivable (4,197) (3,398)
Prepaid expenses and other assets 1,477 (1,526)
Accounts payable 1,161 12,196
Accrued interest (158) 1,049
Other liabilities (18,727) (30,230)
Net cash provided by operating activities 146,409 160,650
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (133,500) (29,294)
Investment in operating properties - other (24,104) (27,898)
Investments in and advances to unconsolidated joint ventures (8,153) (2,575)
Distributions from unconsolidated joint ventures 4,975 5,472
Net proceeds from disposition of properties/land 124,453 214,877
Net proceeds from (advances on) public reimbursement receivable/escrow 10,845 (78)
Investment in development in progress (47,843) (97,062)
Investment in land held for development (13,586) (10,791)
Investment in deferred leasing costs (15,166) (14,448)
Net cash (used in) provided by investing activities (102,079) 38,203
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 108,852 31,234
Redemption of preferred units (64,500) (221,000)
Proceeds from unsecured notes 0 400,000
Proceeds from mortgage loans 6,738 17,311
Repayments of mortgage loans (2,506) (26,960)
Proceeds from credit facility 269,550 453,200
Repayments on credit facility (216,550) (592,600)
Increase in deferred financing costs (8) (4,272)
Distribution paid on common shares (113,241) (110,731)
Distribution paid on units (5,827) (10,130)
Net cash used in financing activities (17,492) (63,948)
Net increase in cash and cash equivalents 26,838 134,905
(Decrease) increase in cash and cash equivalents related to foreign currency translation (3,515) 1,013
Cash and cash equivalents at beginning of period 38,356 18,204
Cash and cash equivalents at end of period 61,679 154,122
Liberty Property Limited Partnership [Member]
   
OPERATING ACTIVITIES    
Net income 117,899 77,282
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 90,956 82,963
Amortization of deferred financing costs 2,348 2,397
Equity in earnings of unconsolidated joint ventures (3,323) (1,685)
Distributions from unconsolidated joint ventures 470 208
Gain on property dispositions (54,209) (4,903)
Share-based compensation 6,359 6,437
Changes in operating assets and liabilities:    
Restricted cash 5,478 24,101
Accounts receivable 875 (4,241)
Deferred rent receivable (4,197) (3,398)
Prepaid expenses and other assets 1,477 (1,526)
Accounts payable 1,161 12,196
Accrued interest (158) 1,049
Other liabilities (18,727) (30,230)
Net cash provided by operating activities 146,409 160,650
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (133,500) (29,294)
Investment in operating properties - other (24,104) (27,898)
Investments in and advances to unconsolidated joint ventures (8,153) (2,575)
Distributions from unconsolidated joint ventures 4,975 5,472
Net proceeds from disposition of properties/land 124,453 214,877
Net proceeds from (advances on) public reimbursement receivable/escrow 10,845 (78)
Investment in development in progress (47,843) (97,062)
Investment in land held for development (13,586) (10,791)
Investment in deferred leasing costs (15,166) (14,448)
Net cash (used in) provided by investing activities (102,079) 38,203
FINANCING ACTIVITIES    
Redemption of preferred units (64,500) (221,000)
Proceeds from unsecured notes 0 400,000
Proceeds from mortgage loans 6,738 17,311
Repayments of mortgage loans (2,506) (26,960)
Proceeds from credit facility 269,550 453,200
Repayments on credit facility (216,550) (592,600)
Increase in deferred financing costs (8) (4,272)
Capital contributions 108,852 31,234
Distributions to partners (119,068) (120,861)
Net cash used in financing activities (17,492) (63,948)
Net increase in cash and cash equivalents 26,838 134,905
(Decrease) increase in cash and cash equivalents related to foreign currency translation (3,515) 1,013
Cash and cash equivalents at beginning of period 38,356 18,204
Cash and cash equivalents at end of period $ 61,679 $ 154,122