Annual report pursuant to Section 13 and 15(d)

Information by Business Segment - Segment Financial Information for Our Reportable Segments (Details)

v3.24.0.1
Information by Business Segment - Segment Financial Information for Our Reportable Segments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment financial information for real estate operations      
Revenues from real estate operations $ 684,982 $ 739,030 $ 664,446
UJV NOI allocable to COPT Defense 6,659 4,327 4,029
Segment assets 4,246,966 4,257,275  
Segment assets      
Segment financial information for real estate operations      
Segment assets 3,589,315 3,709,271  
Real estate operations      
Segment financial information for real estate operations      
Revenues from real estate operations 624,803 586,378 587,060
Property operating expenses (247,385) (228,401) (230,219)
UJV NOI allocable to COPT Defense 6,659 4,327 4,029
NOI from real estate operations 384,077 362,304 360,870
Additions to long-lived assets 117,628 104,526 96,785
Transfers from non-operating properties 275,808 418,420 284,949
Real estate operations | Defense/IT Portfolio      
Segment financial information for real estate operations      
Revenues from real estate operations 552,941 517,755 486,795
Property operating expenses (204,462) (190,636) (177,162)
UJV NOI allocable to COPT Defense 6,659 4,327 4,029
NOI from real estate operations 355,138 331,446 313,662
Additions to long-lived assets 100,401 66,751 59,579
Transfers from non-operating properties 273,137 417,716 245,630
Real estate operations | Defense/IT Portfolio | Fort Meade/BW Corridor      
Segment financial information for real estate operations      
Revenues from real estate operations 290,061 273,790 262,120
Property operating expenses (99,788) (97,727) (92,521)
UJV NOI allocable to COPT Defense 0 0 0
NOI from real estate operations 190,273 176,063 169,599
Additions to long-lived assets 54,564 48,443 45,647
Transfers from non-operating properties 64,264 69,771 70,514
Real estate operations | Defense/IT Portfolio | NoVA Defense/IT      
Segment financial information for real estate operations      
Revenues from real estate operations 80,413 73,985 65,853
Property operating expenses (31,593) (26,635) (24,785)
UJV NOI allocable to COPT Defense 0 0 0
NOI from real estate operations 48,820 47,350 41,068
Additions to long-lived assets 19,041 11,102 6,197
Transfers from non-operating properties 4,136 1,882 90,050
Real estate operations | Defense/IT Portfolio | Lackland Air Force Base      
Segment financial information for real estate operations      
Revenues from real estate operations 67,254 62,911 57,756
Property operating expenses (36,616) (32,301) (30,535)
UJV NOI allocable to COPT Defense 0 0 0
NOI from real estate operations 30,638 30,610 27,221
Additions to long-lived assets 62 0 0
Transfers from non-operating properties 166 1,290 59,323
Real estate operations | Defense/IT Portfolio | Navy Support      
Segment financial information for real estate operations      
Revenues from real estate operations 32,638 32,754 33,757
Property operating expenses (14,614) (14,001) (13,617)
UJV NOI allocable to COPT Defense 0 0 0
NOI from real estate operations 18,024 18,753 20,140
Additions to long-lived assets 5,785 3,801 4,193
Transfers from non-operating properties 2,651 6,420 0
Real estate operations | Defense/IT Portfolio | Redstone Arsenal      
Segment financial information for real estate operations      
Revenues from real estate operations 55,131 38,593 35,727
Property operating expenses (19,148) (15,600) (11,618)
UJV NOI allocable to COPT Defense 0 0 0
NOI from real estate operations 35,983 22,993 24,109
Additions to long-lived assets 20,949 3,405 3,542
Transfers from non-operating properties 86,868 158,831 22,739
Real estate operations | Defense/IT Portfolio | Data Center Shells      
Segment financial information for real estate operations      
Revenues from real estate operations 27,444 35,722 31,582
Property operating expenses (2,703) (4,372) (4,086)
UJV NOI allocable to COPT Defense 6,659 4,327 4,029
NOI from real estate operations 31,400 35,677 31,525
Additions to long-lived assets 0 0 0
Transfers from non-operating properties 115,052 179,522 3,004
Real estate operations | Wholesale Data Center      
Segment financial information for real estate operations      
Revenues from real estate operations 0 1,980 30,490
Property operating expenses 0 (979) (17,424)
UJV NOI allocable to COPT Defense 0 0 0
NOI from real estate operations 0 1,001 13,066
Additions to long-lived assets 0 (35) 1,680
Transfers from non-operating properties 0 0 0
Real estate operations | Other      
Segment financial information for real estate operations      
Revenues from real estate operations 71,862 66,643 69,775
Property operating expenses (42,923) (36,786) (35,633)
UJV NOI allocable to COPT Defense 0 0 0
NOI from real estate operations 28,939 29,857 34,142
Additions to long-lived assets 17,227 37,810 35,526
Transfers from non-operating properties 2,671 704 39,319
Real estate operations | Segment assets      
Segment financial information for real estate operations      
Segment assets 3,589,315 3,709,271 3,575,462
Real estate operations | Segment assets | Defense/IT Portfolio      
Segment financial information for real estate operations      
Segment assets 3,276,587 3,155,408 2,841,516
Real estate operations | Segment assets | Defense/IT Portfolio | Fort Meade/BW Corridor      
Segment financial information for real estate operations      
Segment assets 1,446,164 1,387,517 1,332,399
Real estate operations | Segment assets | Defense/IT Portfolio | NoVA Defense/IT      
Segment financial information for real estate operations      
Segment assets 490,104 488,277 489,582
Real estate operations | Segment assets | Defense/IT Portfolio | Lackland Air Force Base      
Segment financial information for real estate operations      
Segment assets 188,847 194,481 198,200
Real estate operations | Segment assets | Defense/IT Portfolio | Navy Support      
Segment financial information for real estate operations      
Segment assets 163,818 169,119 170,985
Real estate operations | Segment assets | Defense/IT Portfolio | Redstone Arsenal      
Segment financial information for real estate operations      
Segment assets 554,803 453,543 300,252
Real estate operations | Segment assets | Defense/IT Portfolio | Data Center Shells      
Segment financial information for real estate operations      
Segment assets 432,851 462,471 350,098
Real estate operations | Segment assets | Wholesale Data Center      
Segment financial information for real estate operations      
Segment assets 0 0 192,647
Real estate operations | Segment assets | Other      
Segment financial information for real estate operations      
Segment assets $ 312,728 $ 553,863 $ 541,299