| Quarterly Data (Unaudited) |
Quarterly Data (Unaudited)
The tables below set forth selected quarterly information for the years ended December 31, 2018 and 2017 (in thousands, except per share/unit data).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2018 |
|
For the Year Ended December 31, 2017 |
|
First Quarter |
|
Second Quarter |
|
Third Quarter |
|
Fourth Quarter |
|
First Quarter |
|
Second Quarter |
|
Third Quarter |
|
Fourth Quarter |
COPT and Subsidiaries |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
$ |
155,476 |
|
|
$ |
146,743 |
|
|
$ |
137,411 |
|
|
$ |
138,482 |
|
|
$ |
139,801 |
|
|
$ |
151,435 |
|
|
$ |
157,017 |
|
|
$ |
164,567 |
|
Net income |
$ |
18,780 |
|
|
$ |
21,085 |
|
|
$ |
20,322 |
|
|
$ |
18,456 |
|
|
$ |
22,740 |
|
|
$ |
18,859 |
|
|
$ |
22,334 |
|
|
$ |
11,008 |
|
Net income attributable to noncontrolling interests |
(1,630 |
) |
|
(1,651 |
) |
|
(1,625 |
) |
|
(1,436 |
) |
|
(1,721 |
) |
|
(1,333 |
) |
|
(1,755 |
) |
|
(1,387 |
) |
Net income attributable to COPT |
17,150 |
|
|
19,434 |
|
|
18,697 |
|
|
17,020 |
|
|
21,019 |
|
|
17,526 |
|
|
20,579 |
|
|
9,621 |
|
Preferred share dividends |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(3,180 |
) |
|
(3,039 |
) |
|
— |
|
|
— |
|
Issuance costs associated with redeemed preferred shares |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(6,847 |
) |
|
— |
|
|
— |
|
Net income attributable to COPT common shareholders |
$ |
17,150 |
|
|
$ |
19,434 |
|
|
$ |
18,697 |
|
|
$ |
17,020 |
|
|
$ |
17,839 |
|
|
$ |
7,640 |
|
|
$ |
20,579 |
|
|
$ |
9,621 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPS |
$ |
0.17 |
|
|
$ |
0.19 |
|
|
$ |
0.18 |
|
|
$ |
0.16 |
|
|
$ |
0.18 |
|
|
$ |
0.08 |
|
|
$ |
0.21 |
|
|
$ |
0.10 |
|
Diluted EPS |
$ |
0.17 |
|
|
$ |
0.19 |
|
|
$ |
0.18 |
|
|
$ |
0.16 |
|
|
$ |
0.18 |
|
|
$ |
0.08 |
|
|
$ |
0.21 |
|
|
$ |
0.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COPLP and Subsidiaries |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
$ |
155,476 |
|
|
$ |
146,743 |
|
|
$ |
137,411 |
|
|
$ |
138,482 |
|
|
$ |
139,801 |
|
|
$ |
151,435 |
|
|
$ |
157,017 |
|
|
$ |
164,567 |
|
Net income |
$ |
18,780 |
|
|
$ |
21,085 |
|
|
$ |
20,322 |
|
|
$ |
18,456 |
|
|
$ |
22,740 |
|
|
$ |
18,859 |
|
|
$ |
22,334 |
|
|
$ |
11,008 |
|
Net income attributable to noncontrolling interests |
(921 |
) |
|
(878 |
) |
|
(1,080 |
) |
|
(1,061 |
) |
|
(934 |
) |
|
(907 |
) |
|
(897 |
) |
|
(908 |
) |
Net income attributable to COPLP |
17,859 |
|
|
20,207 |
|
|
19,242 |
|
|
17,395 |
|
|
21,806 |
|
|
17,952 |
|
|
21,437 |
|
|
10,100 |
|
Preferred unit distributions |
(165 |
) |
|
(165 |
) |
|
(165 |
) |
|
(165 |
) |
|
(3,345 |
) |
|
(3,204 |
) |
|
(165 |
) |
|
(165 |
) |
Issuance costs associated with redeemed preferred units |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(6,847 |
) |
|
— |
|
|
— |
|
Net income attributable to COPLP common unitholders |
$ |
17,694 |
|
|
$ |
20,042 |
|
|
$ |
19,077 |
|
|
$ |
17,230 |
|
|
$ |
18,461 |
|
|
$ |
7,901 |
|
|
$ |
21,272 |
|
|
$ |
9,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPU |
$ |
0.17 |
|
|
$ |
0.19 |
|
|
$ |
0.18 |
|
|
$ |
0.16 |
|
|
$ |
0.18 |
|
|
$ |
0.08 |
|
|
$ |
0.21 |
|
|
$ |
0.10 |
|
Diluted EPU |
$ |
0.17 |
|
|
$ |
0.19 |
|
|
$ |
0.18 |
|
|
$ |
0.16 |
|
|
$ |
0.18 |
|
|
$ |
0.08 |
|
|
$ |
0.21 |
|
|
$ |
0.10 |
|
|