Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

v3.8.0.1
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