Annual report pursuant to Section 13 and 15(d)

Earnings Per Share ("EPS") and Earnings Per Unit (???EPU???) (Details)

v3.3.1.900
Earnings Per Share ("EPS") and Earnings Per Unit (“EPU”) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Numerator:                      
Income (loss) from continuing operations $ (1,430) $ 94,279 $ 16,839 $ 10,987 $ 5,874 $ 13,727 $ 9,248 $ 5,660 $ 120,675 $ 34,509 $ 36,836
Gain on sales of real estate, net                 68,047 10,671 9,016
Preferred share/ unit dividends/ distributions (3,553) (3,552) (3,553) (3,552) (3,552) (3,553) (4,344) (4,490) (14,210) (15,939) (19,971)
Issuance costs associated with redeemed preferred shares 0 0 0 0 0 0 (1,769) 0 0 (1,769) (2,904)
(Income) loss from continuing operations attributable to noncontrolling interests                 (10,575) (4,955) (4,486)
Income from continuing operations attributable to restricted units                 (706) (432) (414)
Numerator for basic EPS/EPU from continuing operations attributable to COPT/COPLP common shareholders/unitholders                 163,231 22,085 18,077
Dilutive effect of common units in the Operating Partnership on diluted EPS from continuing operations                 6,397 0 0
Numerator for diluted EPS/EPU from continuing operations attributable to COPT/COPLP common shareholders/unitholders                 169,628 22,085 18,077
Discontinued operations $ 0 $ 0 $ 394 $ (238) $ 22 $ 191 $ (198) $ 11 156 26 55,692
Discontinued operations attributable to noncontrolling interests                 (3) 4 (3,351)
Numerator for basic EPS on net income attributable to COPT common shareholders                 163,384 22,115 70,418
Dilutive effect of common units in COPLP                 6,403 0 0
Numerator for diluted EPS on net income attributable to COPT common shareholders                 $ 169,787 $ 22,115 $ 70,418
Denominator (all weighted averages):                      
Denominator for basic EPS (common shares)                 93,914 88,092 85,167
Dilutive effect of common units                 3,692 0 0
Dilutive effect of share-based compensation awards                 61 171 57
Denominator for basic and diluted EPS (common shares)                 97,667 88,263 85,224
Basic EPS:                      
Income from continuing operations (in dollars per share/unit) [1]                 $ 1.74 $ 0.25 $ 0.21
Discontinued operations (in dollars per share/unit) [1]                 0.00 0.00 0.62
Net income attributable to COPT common shareholders (in dollars per share/unit) $ 0.59 $ 0.91 $ 0.13 $ 0.10 $ 0.01 $ 0.22 $ 0.02 $ 0.00 1.74 [1] 0.25 [1] 0.83 [1]
Diluted EPS:                      
Income from continuing operations (in dollars per share/unit) [1]                 1.74 0.25 0.21
Discontinued operations (in dollars per share/unit) [1]                 0.00 0.00 0.62
Net income attributable to COPT common shareholders (in dollars per share/unit) $ 0.59 $ 0.91 $ 0.13 $ 0.10 $ 0.01 $ 0.22 $ 0.02 $ 0.00 $ 1.74 [1] $ 0.25 [1] $ 0.83 [1]
Corporate Office Properties, L.P. [Member]                      
Numerator:                      
Income (loss) from continuing operations $ (1,430) $ 94,279 $ 16,839 $ 10,987 $ 5,874 $ 13,727 $ 9,248 $ 5,660 $ 120,675 $ 34,509 $ 36,836
Gain on sales of real estate, net                 68,047 10,671 9,016
Preferred share/ unit dividends/ distributions (3,718) (3,717) (3,718) (3,717) (3,717) (3,718) (4,509) (4,655) (14,870) (16,599) (20,631)
Issuance costs associated with redeemed preferred shares 0 0 0 0 0 0 (1,769) 0 0 (1,769) (2,904)
(Income) loss from continuing operations attributable to noncontrolling interests                 (3,523) (3,281) (2,977)
Income from continuing operations attributable to restricted units                 (706) (432) (414)
Numerator for basic and diluted EPS/EPU from continuing operations attributable to COPT/COPLP common shareholders/unitholders                 169,623 23,099 18,926
Discontinued operations $ 0 $ 0 $ 394 $ (238) $ 22 $ 191 $ (198) $ 11 156 26 55,692
Discontinued operations attributable to noncontrolling interests                 3 5 (930)
Numerator for basic and diluted EPU on net income attributable to COPLP common unitholders                 $ 169,782 $ 23,130 $ 73,688
Denominator (all weighted averages):                      
Denominator for basic EPS (common shares)                 97,606 91,989 89,036
Dilutive effect of share-based compensation awards                 61 171 57
Denominator for basic and diluted EPS (common shares)                 97,667 92,160 89,093
Basic EPS:                      
Income from continuing operations (in dollars per share/unit) [2]                 $ 1.74 $ 0.25 $ 0.21
Discontinued operations (in dollars per share/unit) [2]                 0.00 0.00 0.62
Net income attributable to COPT common shareholders (in dollars per share/unit) $ 0.59 $ 0.91 $ 0.13 $ 0.10 $ 0.01 $ 0.22 $ 0.02 $ 0.00 1.74 [2] 0.25 [2] 0.83 [2]
Diluted EPS:                      
Income from continuing operations (in dollars per share/unit) [2]                 1.74 0.25 0.21
Discontinued operations (in dollars per share/unit) [2]                 0.00 0.00 0.62
Net income attributable to COPT common shareholders (in dollars per share/unit) $ 0.59 $ 0.91 $ 0.13 $ 0.10 $ 0.01 $ 0.22 $ 0.02 $ 0.00 $ 1.74 [2] $ 0.25 [2] $ 0.83 [2]
[1] Basic and diluted earnings per common share are calculated based on amounts attributable to common shareholders of Corporate Office Properties Trust.
[2] Basic and diluted earnings per common unit are calculated based on amounts attributable to common unitholders of Corporate Office Properties, L.P.