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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net income $ 74,106 $ 74,656
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,589 45,585
Amortization of deferred financing costs 1,510 980
Equity in earnings of unconsolidated joint ventures (4,159) (1,757)
Distributions from unconsolidated joint ventures 0 265
Gain on property dispositions (46,117) (41,713)
Share-based compensation 6,580 4,445
Other (635) (1,612)
Changes in operating assets and liabilities:    
Restricted cash 31,726 4,639
Accounts receivable (4,052) 642
Deferred rent receivable (2,765) (3,246)
Prepaid expenses and other assets (26,557) 1,319
Accounts payable 6,562 1,136
Accrued interest 16,441 18,867
Other liabilities (36,537) (12,002)
Net cash provided by operating activities 73,692 92,204
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (37,635) 0
Investment in operating properties - other (16,522) (6,794)
Investments in and advances to unconsolidated joint ventures (429) (6,379)
Distributions from unconsolidated joint ventures 2,978 1,871
Net proceeds from disposition of properties/land 327,160 71,909
Net proceeds from (advances on) public reimbursement receivable/escrow 5,001 8,500
Investment in development in progress (74,478) (27,509)
Investment in land held for development (1,967) (3,493)
Investment in deferred leasing costs (9,158) (7,387)
Net cash provided by investing activities 194,950 30,718
FINANCING ACTIVITIES    
Net proceeds from issuance of common shares 15,472 44,927
Proceeds from mortgage loans 0 3,261
Repayments of mortgage loans (2,019) (1,249)
Proceeds from credit facility 0 19,600
Repayments on credit facility 0 (111,600)
Increase in deferred financing costs (3,619) (4)
Distribution paid on common shares (69,634) (56,274)
Distribution paid on units (1,914) (1,961)
Net cash used in financing activities (61,714) (103,300)
Net increase in cash and cash equivalents 206,928 19,622
Increase (decrease) in cash and cash equivalents related to foreign currency translation 211 (3,544)
Cash and cash equivalents at beginning of period 163,414 38,356
Cash and cash equivalents at end of period 370,553 54,434
Liberty Property Limited Partnership [Member]
   
OPERATING ACTIVITIES    
Net income 74,106 74,656
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 57,589 45,585
Amortization of deferred financing costs 1,510 980
Equity in earnings of unconsolidated joint ventures (4,159) (1,757)
Distributions from unconsolidated joint ventures 0 265
Gain on property dispositions (46,117) (41,713)
Share-based compensation 6,580 4,445
Other (635) (1,612)
Changes in operating assets and liabilities:    
Restricted cash 31,726 4,639
Accounts receivable (4,052) 642
Deferred rent receivable (2,765) (3,246)
Prepaid expenses and other assets (26,557) 1,319
Accounts payable 6,562 1,136
Accrued interest 16,441 18,867
Other liabilities (36,537) (12,002)
Net cash provided by operating activities 73,692 92,204
INVESTING ACTIVITIES    
Investment in operating properties - acquisitions (37,635) 0
Investment in operating properties - other (16,522) (6,794)
Investments in and advances to unconsolidated joint ventures (429) (6,379)
Distributions from unconsolidated joint ventures 2,978 1,871
Net proceeds from disposition of properties/land 327,160 71,909
Net proceeds from (advances on) public reimbursement receivable/escrow 5,001 8,500
Investment in development in progress (74,478) (27,509)
Investment in land held for development (1,967) (3,493)
Investment in deferred leasing costs (9,158) (7,387)
Net cash provided by investing activities 194,950 30,718
FINANCING ACTIVITIES    
Proceeds from mortgage loans 0 3,261
Repayments of mortgage loans (2,019) (1,249)
Proceeds from credit facility 0 19,600
Repayments on credit facility 0 (111,600)
Increase in deferred financing costs (3,619) (4)
Capital contributions 15,472 44,927
Distributions to partners 71,548 58,235
Net cash used in financing activities (61,714) (103,300)
Net increase in cash and cash equivalents 206,928 19,622
Increase (decrease) in cash and cash equivalents related to foreign currency translation 211 (3,544)
Cash and cash equivalents at beginning of period 163,414 38,356
Cash and cash equivalents at end of period $ 370,553 $ 54,434