Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Properties, net:    
Operating properties, net $ 2,705,335 $ 2,597,666
Projects in development or held for future development 484,638 565,378
Total properties, net 3,189,973 3,163,044
Assets held for sale, net 142,404 140,229
Cash and cash equivalents 23,509 10,594
Restricted cash and marketable securities 17,040 21,557
Accounts receivable (net of allowance for doubtful accounts of $5,351 and $4,694, respectively) 10,768 19,247
Deferred rent receivable 88,716 85,802
Intangible assets on real estate acquisitions, net 72,035 75,879
Deferred leasing and financing costs, net 59,856 59,952
Prepaid expenses and other assets 80,798 77,455
Total assets 3,685,099 3,653,759
Liabilities:    
Debt, net 1,957,360 2,019,168
Accounts payable and accrued expenses 90,645 97,922
Rents received in advance and security deposits 26,024 27,632
Dividends and distributions payable 29,947 28,698
Deferred revenue associated with operating leases 10,833 11,995
Distributions received in excess of investment in unconsolidated real estate joint venture 6,420 6,420
Interest rate derivatives 5,340 6,185
Other liabilities 7,631 8,942
Total liabilities 2,134,200 2,206,962
Commitments and contingencies (Note 16)      
Redeemable noncontrolling interest 10,356 10,298
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred Shares of beneficial interest at liquidation preference ($0.01 par value; 25,000,000 shares authorized; 12,821,667 shares issued and outstanding) 333,833 333,833
Common Shares of beneficial interest ($0.01 par value; 125,000,000 shares authorized, shares issued and outstanding of 85,758,438 at March 31, 2013 and 80,952,986 at December 31, 2012) 858 809
Additional paid-in capital 1,772,255 1,653,672
Cumulative distributions in excess of net income (632,134) (617,455)
Accumulated other comprehensive loss (4,410) (5,435)
Total Corporate Office Properties Trust’s shareholders’ equity 1,470,402 1,365,424
Noncontrolling interests in subsidiaries:    
Common units in the Operating Partnership 50,604 52,122
Preferred units in the Operating Partnership 8,800 8,800
Other consolidated entities 10,737 10,153
Noncontrolling interests in subsidiaries 70,141 71,075
Total equity 1,540,543 1,436,499
Total liabilities, redeemable noncontrolling interest and equity $ 3,685,099 $ 3,653,759