Schedule of selected quarterly information |
The tables below set forth selected quarterly information for the years ended December 31, 2017 and 2016 (in thousands, except per share/unit data).
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For the Year Ended December 31, 2017 |
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For the Year Ended December 31, 2016 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
COPT and Subsidiaries |
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Revenues |
$ |
139,801 |
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$ |
151,435 |
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$ |
157,017 |
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$ |
164,567 |
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$ |
144,307 |
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$ |
145,927 |
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$ |
142,103 |
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$ |
141,991 |
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Operating income |
$ |
35,433 |
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$ |
36,618 |
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$ |
38,939 |
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$ |
24,847 |
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$ |
30,464 |
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$ |
(27,021 |
) |
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$ |
11,525 |
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$ |
37,442 |
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Income (loss) from continuing operations |
$ |
18,850 |
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$ |
19,195 |
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$ |
21,494 |
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$ |
6,904 |
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$ |
8,096 |
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$ |
(48,316 |
) |
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$ |
(4,829 |
) |
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$ |
19,718 |
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Net income (loss) |
$ |
23,088 |
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$ |
19,207 |
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$ |
22,682 |
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$ |
11,356 |
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$ |
8,096 |
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$ |
(48,316 |
) |
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$ |
29,272 |
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$ |
26,603 |
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Net (income) loss attributable to noncontrolling interests |
(1,733 |
) |
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(1,345 |
) |
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(1,766 |
) |
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(1,398 |
) |
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(1,270 |
) |
|
897 |
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(1,973 |
) |
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(1,870 |
) |
Net income (loss) attributable to COPT |
21,355 |
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17,862 |
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20,916 |
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9,958 |
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6,826 |
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(47,419 |
) |
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27,299 |
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24,733 |
|
Preferred share dividends |
(3,180 |
) |
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(3,039 |
) |
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— |
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— |
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(3,552 |
) |
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(3,553 |
) |
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(3,552 |
) |
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(3,640 |
) |
Issuance costs associated with redeemed preferred shares |
— |
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(6,847 |
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— |
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— |
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— |
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— |
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— |
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|
(17 |
) |
Net income (loss) attributable to COPT common shareholders |
$ |
18,175 |
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$ |
7,976 |
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$ |
20,916 |
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$ |
9,958 |
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$ |
3,274 |
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$ |
(50,972 |
) |
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$ |
23,747 |
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$ |
21,076 |
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Basic EPS |
$ |
0.18 |
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$ |
0.08 |
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$ |
0.21 |
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$ |
0.10 |
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$ |
0.03 |
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$ |
(0.54 |
) |
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$ |
0.25 |
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$ |
0.22 |
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Diluted EPS |
$ |
0.18 |
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$ |
0.08 |
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$ |
0.21 |
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$ |
0.10 |
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$ |
0.03 |
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$ |
(0.54 |
) |
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$ |
0.25 |
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$ |
0.22 |
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Schedule of selected quarterly information |
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COPLP and Subsidiaries |
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Revenues |
$ |
139,801 |
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$ |
151,435 |
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$ |
157,017 |
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$ |
164,567 |
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$ |
144,307 |
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$ |
145,927 |
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$ |
142,103 |
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$ |
141,991 |
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Operating income |
$ |
35,433 |
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$ |
36,618 |
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$ |
38,939 |
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$ |
24,847 |
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$ |
30,464 |
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$ |
(27,021 |
) |
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$ |
11,525 |
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$ |
37,442 |
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Income (loss) from continuing operations |
$ |
18,850 |
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$ |
19,195 |
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$ |
21,494 |
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$ |
6,904 |
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$ |
8,096 |
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$ |
(48,316 |
) |
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$ |
(4,829 |
) |
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$ |
19,718 |
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Net income (loss) |
$ |
23,088 |
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$ |
19,207 |
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$ |
22,682 |
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$ |
11,356 |
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$ |
8,096 |
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$ |
(48,316 |
) |
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$ |
29,272 |
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$ |
26,603 |
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Net income attributable to noncontrolling interests |
(934 |
) |
|
(907 |
) |
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(897 |
) |
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(908 |
) |
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(979 |
) |
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(911 |
) |
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(913 |
) |
|
(912 |
) |
Net income (loss) attributable to COPLP |
22,154 |
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|
18,300 |
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|
21,785 |
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|
10,448 |
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7,117 |
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(49,227 |
) |
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28,359 |
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|
25,691 |
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Preferred unit distributions |
(3,345 |
) |
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(3,204 |
) |
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(165 |
) |
|
(165 |
) |
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(3,717 |
) |
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(3,718 |
) |
|
(3,717 |
) |
|
(3,805 |
) |
Issuance costs associated with redeemed preferred units |
— |
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(6,847 |
) |
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— |
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— |
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— |
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— |
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— |
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|
(17 |
) |
Net income (loss) attributable to COPLP common unitholders |
$ |
18,809 |
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$ |
8,249 |
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$ |
21,620 |
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$ |
10,283 |
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$ |
3,400 |
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$ |
(52,945 |
) |
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$ |
24,642 |
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$ |
21,869 |
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Basic EPU |
$ |
0.18 |
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$ |
0.08 |
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$ |
0.21 |
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$ |
0.10 |
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$ |
0.03 |
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$ |
(0.54 |
) |
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$ |
0.25 |
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$ |
0.22 |
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Diluted EPU |
$ |
0.18 |
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$ |
0.08 |
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$ |
0.21 |
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$ |
0.10 |
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$ |
0.03 |
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$ |
(0.54 |
) |
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$ |
0.25 |
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$ |
0.22 |
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