Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

v3.19.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Forward Equity Sale Agreement
Common Shares
Common Shares
Forward Equity Sale Agreement
Additional Paid-in Capital
Additional Paid-in Capital
Forward Equity Sale Agreement
Cumulative Distributions in Excess of Net Income
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Corporate Office Properties, L.P.
Corporate Office Properties, L.P.
Forward Equity Sale Agreement
Corporate Office Properties, L.P.
Common Shares
Corporate Office Properties, L.P.
Common Shares
Forward Equity Sale Agreement
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
Increase (Decrease) in Shareholders' Equity                                  
Cumulative effect of accounting change for adoption of hedge accounting guidance             $ (276) $ 276       $ (276)   $ 276      
Balance, as adjusted $ 1,468,307   $ 1,013   $ 2,201,047   (802,361) 2,443 $ 66,165 $ 1,468,307   1,444,746   2,449 $ 12,312   $ 8,800
Balance (COPT: 101,292,299 and 110,241,868 shares as of December 31, 2017 and 2018, respectively) at Dec. 31, 2017 $ 1,468,307   1,013   2,201,047   (802,085) 2,167 66,165 1,468,307   $ 1,445,022   2,173 12,312   $ 8,800
Balance (preferred units) at Dec. 31, 2017                                 352,000
Balance (in units/shares) at Dec. 31, 2017 101,292,299                     104,543,177          
Increase (Decrease) in Shareholders' Equity                                  
Conversion of common units to common shares (COPT: 53,817 and 5,500 shares for the three months ended March 31, 2018 and 2019, respectively) $ 0   1   760       (761)                
Common shares issued under forward equity sale agreements (COPT: 677,000 and 1,614,087 shares for the three months ended March 31, 2018 and 2019, respectively)   $ 19,976   $ 7   $ 19,969       19,976   $ 19,976          
Common shares issued under forward equity sale agreements (in units/shares)   677,000                   677,000          
Share-based compensation issuance, net of redemptions (in units/shares) 127,242                     127,242          
Share-based compensation issuance, net of redemptions (COPT: 127,242 and 78,335 shares issued, net of redemptions for the three months ended March 31, 2018 and 2019, respectively) $ 1,680   1   1,679         1,680   $ 1,680          
Redemption of vested equity awards (1,327)       (1,327)         (1,327)   (1,327)          
Adjustments to noncontrolling interests resulting from changes in ownership of COPLP 0       (164)       164                
Comprehensive income 23,063           17,150 4,761 1,152 23,063   17,694   4,921 283   $ 165
Dividends/Distributions (28,091)           (28,091)     (29,135)   (28,970)         $ (165)
Distributions to owners of common and preferred units in COPLP (1,044)               (1,044)                
Distributions to noncontrolling interests in other consolidated entities/subsidiaries (3)               (3) (3)         (3)    
Adjustment to arrive at fair value of redeemable noncontrolling interests $ (537)       (537)         (537)   $ (537)          
Balance (in units/shares) at Mar. 31, 2018 102,150,358                     105,347,419          
Balance (preferred units) at Mar. 31, 2018                                 352,000
Balance (COPT: 102,150,358 and 111,939,790 shares as of March 31, 2018 and 2019, respectively) at Mar. 31, 2018 $ 1,482,024   1,022   2,221,427   (813,302) 7,204 65,673 1,482,024   $ 1,453,262   7,370 12,592   $ 8,800
Balance (COPT: 101,292,299 and 110,241,868 shares as of December 31, 2017 and 2018, respectively) at Dec. 31, 2018 $ 1,627,048   1,102   2,431,355   (846,808) (238) 41,637 1,627,048   $ 1,604,655   (121) 13,714   $ 8,800
Balance (preferred units) at Dec. 31, 2018                               352,000 352,000
Balance (in units/shares) at Dec. 31, 2018 110,241,868                     111,574,754       1,332,886  
Increase (Decrease) in Shareholders' Equity                                  
Conversion of common units to common shares (COPT: 53,817 and 5,500 shares for the three months ended March 31, 2018 and 2019, respectively) $ 0   0   80       (80)                
Common shares issued under forward equity sale agreements (COPT: 677,000 and 1,614,087 shares for the three months ended March 31, 2018 and 2019, respectively)   $ 46,454   $ 16   $ 46,438         $ 46,454   $ 46,454        
Common shares issued under forward equity sale agreements (in units/shares)   1,614,087                     1,614,087        
Share-based compensation issuance, net of redemptions (in units/shares) 78,335                     326,973          
Share-based compensation issuance, net of redemptions (COPT: 127,242 and 78,335 shares issued, net of redemptions for the three months ended March 31, 2018 and 2019, respectively) $ 1,802   1   1,562       239 1,802   $ 1,802          
Redemption of vested equity awards (1,817)       (1,817)         (1,817)   (1,817)          
Adjustments to noncontrolling interests resulting from changes in ownership of COPLP 0       (1,322)       1,322                
Comprehensive income 12,228           20,859 (9,300) 669 12,228   21,116   (9,415) 362   $ 165
Dividends/Distributions (30,754)           (30,754)     (31,304)   (31,139)         $ (165)
Distributions to owners of common and preferred units in COPLP (550)               (550)                
Contributions from noncontrolling interests in other consolidated entities 2,570               2,570 2,570         2,570    
Distributions to noncontrolling interests in other consolidated entities/subsidiaries (4)               (4) (4)         (4)    
Adjustment to arrive at fair value of redeemable noncontrolling interests $ (799)       (799)         (799)   $ (799)          
Balance (in units/shares) at Mar. 31, 2019 111,939,790                     113,515,814       1,576,024  
Balance (preferred units) at Mar. 31, 2019                               352,000 352,000
Balance (COPT: 102,150,358 and 111,939,790 shares as of March 31, 2018 and 2019, respectively) at Mar. 31, 2019 $ 1,656,178   $ 1,119   $ 2,475,497   $ (856,703) $ (9,538) $ 45,803 $ 1,656,178   $ 1,640,272   $ (9,536) $ 16,642   $ 8,800