Annual report pursuant to Section 13 and 15(d)

Quarterly Data (Unaudited)

v3.3.1.900
Quarterly Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data (Unaudited)
Quarterly Data (Unaudited)
The tables below set forth selected quarterly information for the years ended December 31, 2015 and 2014 (in thousands, except per share data). Certain of the amounts below have been reclassified to conform to the current period presentation of our consolidated financial statements.
 
For the Year Ended December 31, 2015
 
For the Year Ended December 31, 2014
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
COPT and Subsidiaries
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
161,034

 
$
170,363

 
$
150,744

 
$
143,325

 
$
146,667

 
$
139,820

 
$
153,015

 
$
146,971

Operating income
$
30,575

 
$
37,471

 
$
31,993

 
$
20,055

 
$
25,206

 
$
31,836

 
$
37,422

 
$
37,148

Income from continuing operations
$
10,987

 
$
16,839

 
$
94,279

 
$
(1,430
)
 
$
5,660

 
$
9,248

 
$
13,727

 
$
5,874

Discontinued operations
$
(238
)
 
$
394

 
$

 
$

 
$
11

 
$
(198
)
 
$
191

 
$
22

Net income
$
14,735

 
$
17,232

 
$
94,294

 
$
62,617

 
$
5,671

 
$
9,050

 
$
24,548

 
$
5,937

Net income attributable to noncontrolling interests
(1,380
)
 
(1,451
)
 
(4,494
)
 
(3,253
)
 
(930
)
 
(1,160
)
 
(1,828
)
 
(1,033
)
Net income attributable to COPT
13,355

 
15,781

 
89,800

 
59,364

 
4,741

 
7,890

 
22,720

 
4,904

Preferred share dividends
(3,552
)
 
(3,553
)
 
(3,552
)
 
(3,553
)
 
(4,490
)
 
(4,344
)
 
(3,553
)
 
(3,552
)
Issuance costs associated with redeemed preferred shares

 

 

 

 

 
(1,769
)
 

 

Net income attributable to COPT common shareholders
$
9,803

 
$
12,228

 
$
86,248

 
$
55,811

 
$
251

 
$
1,777

 
$
19,167

 
$
1,352

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per common share
$
0.10

 
$
0.13

 
$
0.91

 
$
0.59

 
$
0.00

 
$
0.02

 
$
0.22

 
$
0.01

Diluted earnings per common share
$
0.10

 
$
0.13

 
$
0.91

 
$
0.59

 
$
0.00

 
$
0.02

 
$
0.22

 
$
0.01


COPLP and Subsidiaries
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
161,034

 
$
170,363

 
$
150,744

 
$
143,325

 
$
146,667

 
$
139,820

 
$
153,015

 
$
146,971

Operating income
$
30,575

 
$
37,471

 
$
31,993

 
$
20,055

 
$
25,206

 
$
31,836

 
$
37,422

 
$
37,148

Income from continuing operations
$
10,987

 
$
16,839

 
$
94,279

 
$
(1,430
)
 
$
5,660

 
$
9,248

 
$
13,727

 
$
5,874

Discontinued operations
$
(238
)
 
$
394

 
$

 
$

 
$
11

 
$
(198
)
 
$
191

 
$
22

Net income
$
14,735

 
$
17,232

 
$
94,294

 
$
62,617

 
$
5,671

 
$
9,050

 
$
24,548

 
$
5,937

Net income attributable to noncontrolling interests
(818
)
 
(812
)
 
(972
)
 
(918
)
 
(737
)
 
(837
)
 
(897
)
 
(805
)
Net income attributable to COPLP
13,917

 
16,420

 
93,322

 
61,699

 
4,934

 
8,213

 
23,651

 
5,132

Preferred unit distributions
(3,717
)
 
(3,718
)
 
(3,717
)
 
(3,718
)
 
(4,655
)
 
(4,509
)
 
(3,718
)
 
(3,717
)
Issuance costs associated with redeemed preferred units

 

 

 

 

 
(1,769
)
 

 

Net income attributable to COPLP common unitholders
$
10,200

 
$
12,702

 
$
89,605

 
$
57,981

 
$
279

 
$
1,935

 
$
19,933

 
$
1,415

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per common unit
$
0.10

 
$
0.13

 
$
0.91

 
$
0.59

 
$
0.00

 
$
0.02

 
$
0.22

 
$
0.01

Diluted earnings per common unit
$
0.10

 
$
0.13

 
$
0.91

 
$
0.59

 
$
0.00

 
$
0.02

 
$
0.22

 
$
0.01