COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Cumulative Distributions in Excess of Net Income	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Corporate Office Properties, L.P.	Corporate Office Properties, L.P. Common Shares	Corporate Office Properties, L.P. Accumulated Other Comprehensive Income (Loss)	Corporate Office Properties, L.P. Noncontrolling Interests	Corporate Office Properties, L.P. Limited Partner	Corporate Office Properties, L.P. Limited Partner Preferred Shares	Corporate Office Properties, L.P. General Partner	Corporate Office Properties, L.P. General Partner Preferred Shares
Balance (COPT: 94,531,512 shares and 98,498,651 shares as of December 31, 2015 and 2016, respectively) at Dec. 31, 2015	$ 1,616,564	$ 199,083	$ 945	$ 2,004,507	$ (657,172)	$ (2,838)	$ 72,039	$ 1,616,564	$ 1,400,745	$ (2,985)	$ 10,921		$ 8,800		$ 199,083
Balance (preferred units) at Dec. 31, 2015													352,000		7,431,667
Balance (in units/shares) at Dec. 31, 2015	94,531,512								98,208,903
Increase (Decrease) in Shareholders' Equity
Conversion of common units to common shares (COPT: 87,000 and 337,000 shares as for the nine months ended September 30, 2016 and 2017, respectively)	$ 0		1	1,166			(1,167)
Costs associated with common shares issued to the public (in shares)									0
Costs associated with common shares issued to the public	$ (5)			(5)				(5)	$ (5)
Share-based compensation issuance, net of redemptions (in units/shares)	146,274								146,274
Share-based compensation issuance, net of redemptions (COPT: 146,274 and 176,477 shares issued, net of redemptions for the nine months ended September 30, 2016 and 2017, respectively)	$ 6,177		2	6,175				6,177	$ 6,177
Redemption of vested equity awards	(2,179)			(2,179)				(2,179)	(2,179)
Adjustments to noncontrolling interests resulting from changes in ownership of COPLP	0			(42)			42
Comprehensive income (loss)	(26,629)				(13,294)	(13,476)	141	(26,629)	(24,903)	(14,002)	1,124		$ 495		$ 10,657
Dividends / Distributions to owners of common and preferred units	(88,796)				(88,796)			(92,294)	(81,142)				$ (495)		$ (10,657)
Distributions to owners of common and preferred units in COPLP	(3,498)						(3,498)
Distributions to noncontrolling interests in subsidiaries	(12)						(12)	(12)			(12)
Adjustment to arrive at fair value of redeemable noncontrolling interests	(516)			(516)				(516)	(516)
Tax loss from share-based compensation	$ (319)			(319)				(319)	$ (319)
Balance (in units/shares) at Sep. 30, 2016	94,764,786								98,355,177
Balance (preferred units) at Sep. 30, 2016													352,000		7,431,667
Balance (COPT: 94,764,786 shares and 99,608,170 shares as of September 30, 2016 and 2017, respectively) at Sep. 30, 2016	$ 1,500,787	199,083	948	2,008,787	(759,262)	(16,314)	67,545	1,500,787	$ 1,297,858	(16,987)	12,033		$ 8,800		$ 199,083
Balance (COPT: 94,531,512 shares and 98,498,651 shares as of December 31, 2015 and 2016, respectively) at Dec. 31, 2016	$ 1,594,664	172,500	985	2,116,581	(765,276)	(1,731)	71,605	1,594,664	$ 1,401,597	(1,854)	13,621		$ 8,800		$ 172,500
Balance (preferred units) at Dec. 31, 2016												352,000	352,000	6,900,000	6,900,000
Balance (in units/shares) at Dec. 31, 2016	98,498,651								102,089,042			3,590,391		98,498,651
Increase (Decrease) in Shareholders' Equity
Redemption of preferred shares (6,900,000 shares)	$ (172,500)	$ (172,500)		6,847	(6,847)			(172,500)							$ (172,500)
Redemption of preferred units resulting from redemption of preferred shares (in units/shares)		(6,900,000)													(6,900,000)
Conversion of common units to common shares (COPT: 87,000 and 337,000 shares as for the nine months ended September 30, 2016 and 2017, respectively)	0		3	4,599			(4,602)
Issuance of common units resulting from common shares issued under at-the-market program (in units)									591,042
Issuance of common units resulting from common shares issued under at-the-market program (COPT: 591,042 shares for the nine months ended September 30, 2017)	$ 19,668		6	19,662				19,668	$ 19,668
Issuance of common units resulting from exercise of share options (COPT: 5,000 shares as for the nine months ended September 30, 2017)	5,000								5,000
Issuance of common units resulting from exercise of share options	$ 150			150				150	$ 150
Share-based compensation issuance, net of redemptions (in units/shares)	176,477								176,477
Share-based compensation issuance, net of redemptions (COPT: 146,274 and 176,477 shares issued, net of redemptions for the nine months ended September 30, 2016 and 2017, respectively)	$ 4,444		2	4,442				4,444	$ 4,444
Redemption of vested equity awards	(1,869)			(1,869)				(1,869)	(1,869)
Adjustments to noncontrolling interests resulting from changes in ownership of COPLP	0			(589)			589
Comprehensive income (loss)	64,159				60,133	872	3,154	64,159	55,525	902	1,018		$ 495		$ 6,219
Dividends / Distributions to owners of common and preferred units	(88,300)				(88,300)			(91,562)	(84,848)				$ (495)		$ (6,219)
Distributions to owners of common and preferred units in COPLP	(3,262)						(3,262)
Distributions to noncontrolling interests in subsidiaries	(2,614)						(2,614)	(2,614)			(2,614)
Adjustment to arrive at fair value of redeemable noncontrolling interests	$ 244			244				244	$ 244
Balance (in units/shares) at Sep. 30, 2017	99,608,170								102,861,561.000			3,253,391		99,608,170
Balance (preferred units) at Sep. 30, 2017												352,000	352,000	0	0
Balance (COPT: 94,764,786 shares and 99,608,170 shares as of September 30, 2016 and 2017, respectively) at Sep. 30, 2017	$ 1,414,784	$ 0	$ 996	$ 2,150,067	$ (800,290)	$ (859)	$ 64,870	$ 1,414,784	$ 1,394,911	$ (952)	$ 12,025		$ 8,800		$ 0