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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
OPERATING ACTIVITIES    
Net income $ 147,847 $ 107,180
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 137,302 124,420
Amortization of deferred financing costs 3,533 3,581
Equity in (earnings) loss of unconsolidated joint ventures (3,973) 1,397
Distributions from unconsolidated joint ventures 613 536
Gain on property dispositions (56,196) (5,364)
Share-based compensation 8,174 8,307
Changes in operating assets and liabilities:    
Restricted cash (2,703) 25,864
Accounts receivable 231 1,223
Deferred rent receivable (6,171) (5,550)
Prepaid expenses and other assets (50,389) (19,626)
Accounts payable 15,494 35,389
Accrued interest 18,922 12,030
Other liabilities 2,352 (30,356)
Net cash provided by operating activities 215,036 259,031
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (161,404) (35,644)
Investment in operating properties - other (40,433) (45,221)
Investments in and advances to unconsolidated joint ventures (11,736) (3,529)
Distributions from unconsolidated joint ventures 6,825 6,967
Net proceeds from disposition of properties/land 134,024 217,430
Net proceeds from (advances on) public reimbursement receivable/escrow 12,943 (682)
Investment in development in progress (81,736) (152,523)
Investment in land held for development (34,642) (32,871)
Investment in deferred leasing costs (22,996) (17,470)
Net cash used in investing activities (199,155) (63,543)
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 954,481 42,808
Redemption of preferred units (64,500) (221,000)
Proceeds from unsecured notes 448,646 399,220
Repayments of unsecured notes 0 (230,100)
Proceeds from mortgage loans 10,401 27,481
Repayments of mortgage loans (3,977) (28,103)
Proceeds from credit facility 344,050 653,350
Repayments on credit facility (436,050) (642,750)
Increase in deferred financing costs (3,883) (3,498)
Distribution paid on common shares (170,970) (166,564)
Distribution paid on units (7,619) (13,139)
Net cash provided by (used in) financing activities 1,070,579 (182,295)
Net increase in cash and cash equivalents 1,086,460 13,193
(Decrease) increase in cash and cash equivalents related to foreign currency translation (246) 2,672
Cash and cash equivalents at beginning of period 38,356 18,204
Cash and cash equivalents at end of period 1,124,570 34,069
Liberty Property Limited Partnership [Member]
   
OPERATING ACTIVITIES    
Net income 147,847 107,180
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 137,302 124,420
Amortization of deferred financing costs 3,533 3,581
Equity in (earnings) loss of unconsolidated joint ventures (3,973) 1,397
Distributions from unconsolidated joint ventures 613 536
Gain on property dispositions (56,196) (5,364)
Share-based compensation 8,174 8,307
Changes in operating assets and liabilities:    
Restricted cash (2,703) 25,864
Accounts receivable 231 1,223
Deferred rent receivable (6,171) (5,550)
Prepaid expenses and other assets (50,389) (19,626)
Accounts payable 15,494 35,389
Accrued interest 18,922 12,030
Other liabilities 2,352 (30,356)
Net cash provided by operating activities 215,036 259,031
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (161,404) (35,644)
Investment in operating properties - other (40,433) (45,221)
Investments in and advances to unconsolidated joint ventures (11,736) (3,529)
Distributions from unconsolidated joint ventures 6,825 6,967
Net proceeds from disposition of properties/land 134,024 217,430
Net proceeds from (advances on) public reimbursement receivable/escrow 12,943 (682)
Investment in development in progress (81,736) (152,523)
Investment in land held for development (34,642) (32,871)
Investment in deferred leasing costs (22,996) (17,470)
Net cash used in investing activities (199,155) (63,543)
FINANCING ACTIVITIES    
Redemption of preferred units (64,500) (221,000)
Proceeds from unsecured notes 448,646 399,220
Repayments of unsecured notes 0 (230,100)
Proceeds from mortgage loans 10,401 27,481
Repayments of mortgage loans (3,977) (28,103)
Proceeds from credit facility 344,050 653,350
Repayments on credit facility (436,050) (642,750)
Increase in deferred financing costs (3,883) (3,498)
Capital contributions 954,481 42,808
Distributions to partners (178,589) (179,703)
Net cash provided by (used in) financing activities 1,070,579 (182,295)
Net increase in cash and cash equivalents 1,086,460 13,193
(Decrease) increase in cash and cash equivalents related to foreign currency translation (246) 2,672
Cash and cash equivalents at beginning of period 38,356 18,204
Cash and cash equivalents at end of period $ 1,124,570 $ 34,069