Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Details)

v3.19.2
Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Numerator:        
Net income attributable to COPT/COPLP $ 106,791 $ 19,434 $ 127,650 $ 36,584
Income attributable to share-based compensation awards (364) (117) (413) (234)
Numerator for basic EPS on net income attributable to COPT common shareholders 106,427 19,317 127,237 36,350
Dilutive effective of preferred units 165 0 0 0
Redeemable noncontrolling interests 902 0 66 0
Common units in the Operating Partnership 0 0 1,515 0
Income attributable to share-based compensation awards 18 0 22 0
Numerator for diluted EPS on net income attributable to COPT/COPLP common share/unit holders $ 107,512 $ 19,317 $ 128,840 $ 36,350
Denominator (all weighted averages):        
Denominator for basic EPS/EPU (common shares/units) 111,557 101,789 110,759 101,397
Dilutive convertible preferred units 176 0 0 0
Dilutive effect of common units 0 0 1,329 0
Dilutive effect of share-based compensation awards 310 119 289 131
Dilutive effect of redeemable noncontrolling interests 1,062 0 130 0
Denominator for diluted EPS/EPU (common shares/units) 113,105 101,908 112,507 101,528
Basic EPS:        
Basic earnings per common share (in dollars per share/unit) $ 0.95 [1] $ 0.19 [1] $ 1.15 $ 0.36
Diluted EPS:        
Diluted earnings per common share (in dollars per share/unit) $ 0.95 [1] $ 0.19 [1] $ 1.15 $ 0.36
Corporate Office Properties, L.P.        
Numerator:        
Net income attributable to COPT/COPLP $ 108,295 $ 20,207 $ 129,576 $ 38,066
Preferred share/unit dividends/distributions (165) (165) (330) (330)
Income attributable to share-based compensation awards (438) (117) (494) (234)
Numerator for basic EPS on net income attributable to COPT common shareholders 107,692 19,925 128,752 37,502
Dilutive effective of preferred units 165 0 0 0
Redeemable noncontrolling interests 902 0 66 0
Income attributable to share-based compensation awards 18 0 22 0
Numerator for diluted EPS on net income attributable to COPT/COPLP common share/unit holders $ 108,777 $ 19,925 $ 128,840 $ 37,502
Denominator (all weighted averages):        
Denominator for basic EPS/EPU (common shares/units) 112,884 104,986 112,088 104,605
Dilutive convertible preferred units 176 0 0 0
Dilutive effect of share-based compensation awards 310 119 289 131
Dilutive effect of redeemable noncontrolling interests 1,062 0 130 0
Denominator for diluted EPS/EPU (common shares/units) 114,432 105,105 112,507 104,736
Basic EPS:        
Basic earnings per common share (in dollars per share/unit) $ 0.95 [2] $ 0.19 [2] $ 1.15 $ 0.36
Diluted EPS:        
Diluted earnings per common share (in dollars per share/unit) $ 0.95 [2] $ 0.19 [2] $ 1.15 $ 0.36
[1] Basic and diluted earnings per common share are calculated based on amounts attributable to common shareholders of Corporate Office Properties Trust.
[2] Basic and diluted earnings per common unit are calculated based on amounts attributable to common unitholders of Corporate Office Properties, L.P.