Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Numerator:        
Net income attributable to COPT/COPLP $ 23,497 $ 106,791 $ 47,551 $ 127,650
Income attributable to share-based compensation awards (115) (364) (220) (413)
Numerator for basic EPS/EPU on net income attributable to COPT/COPLP common shareholders/unitholders 23,382 106,427 47,331 127,237
Preferred unit distributions 0 165 0 0
Redeemable noncontrolling interests 0 902 0 66
Common units in the Operating Partnership 0 0 0 1,515
Income attributable to share-based compensation awards 6 18 14 22
Numerator for diluted EPS/EPU on net income attributable to COPT/COPLP common shareholders/unitholders $ 23,388 $ 107,512 $ 47,345 $ 128,840
Denominator (all weighted averages):        
Denominator for basic EPS/EPU (common shares/units) 111,800 111,557 111,762 110,759
Dilutive convertible preferred units 0 176 0 0
Dilutive effect of common units 0 0 0 1,329
Dilutive effect of redeemable noncontrolling interests 0 1,062 0 130
Dilutive effect of share-based compensation awards (in shares/units) 321 310 280 289
Denominator for diluted EPS/EPU (common shares/units) 112,121 113,105 112,042 112,507
Basic EPS:        
Basic EPS/EPU (in dollars per share/unit) [1] $ 0.21 $ 0.95 $ 0.42 $ 1.15
Diluted EPS:        
Diluted EPS/EPU (in dollars per share/unit) [1] $ 0.21 $ 0.95 $ 0.42 $ 1.15
Corporate Office Properties, L.P.        
Numerator:        
Net income attributable to COPT/COPLP $ 23,858 $ 108,295 $ 48,276 $ 129,576
Preferred share/unit dividends/distributions (77) (165) (154) (330)
Income attributable to share-based compensation awards (133) (438) (254) (494)
Numerator for basic EPS/EPU on net income attributable to COPT/COPLP common shareholders/unitholders 23,648 107,692 47,868 128,752
Preferred unit distributions 0 165 0 0
Redeemable noncontrolling interests 0 902 0 66
Income attributable to share-based compensation awards 0 18 0 22
Numerator for diluted EPS/EPU on net income attributable to COPT/COPLP common shareholders/unitholders $ 23,648 $ 108,777 $ 47,868 $ 128,840
Denominator (all weighted averages):        
Denominator for basic EPS/EPU (common shares/units) 113,037 112,884 112,994 112,088
Dilutive convertible preferred units 0 176 0 0
Dilutive effect of redeemable noncontrolling interests 0 1,062 0 130
Dilutive effect of share-based compensation awards (in shares/units) 321 310 280 289
Denominator for diluted EPS/EPU (common shares/units) 113,358 114,432 113,274 112,507
Basic EPS:        
Basic EPS/EPU (in dollars per share/unit) [2] $ 0.21 $ 0.95 $ 0.42 $ 1.15
Diluted EPS:        
Diluted EPS/EPU (in dollars per share/unit) [2] $ 0.21 $ 0.95 $ 0.42 $ 1.15
[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.