Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Lease revenue $ 144,624 $ 131,012
Construction contract and other service revenues 16,558 13,681
Total revenues 161,722 145,797
Operating expenses    
Property operating expenses 56,974 49,999
Depreciation and amortization associated with real estate operations 37,321 32,596
Construction contract and other service expenses 15,793 13,121
General, administrative and leasing expenses 8,406 7,486
Business development expenses and land carry costs 1,094 1,118
Total operating expenses 119,588 104,320
Interest expense (17,519) (16,840)
Interest and other income 1,865 1,205
Credit loss recoveries (expense) 907 (689)
Gain on sales of real estate (490) 5
Loss on early extinguishment of debt (33,166) 0
(Loss) income before equity in income of unconsolidated entities and income taxes (6,269) 25,158
Equity in income of unconsolidated entities 222 441
Income tax expense (32) (49)
Net (loss) income (6,079) 25,550
Net loss (income) attributable to noncontrolling interests:    
Common units in COPLP 85 (287)
Preferred units in COPLP 0 (77)
Other consolidated entities (675) (1,132)
Net (loss) income attributable to COPT common shareholders $ (6,669) $ 24,054
Earnings per common share:    
Net (loss) income attributable to COPT common shareholders - basic (in dollars per share) [1] $ (0.06) $ 0.21
Net (loss) income attributable to COPT common shareholders - diluted (in dollars per share) [1] $ (0.06) $ 0.21
Revenue from Contract with Customer, Product and Service [Extensible List] ofc:ConstructionContractAndOtherServiceRevenuesMember ofc:ConstructionContractAndOtherServiceRevenuesMember
Other Property Revenue    
Revenues    
Total revenues $ 540 $ 1,104
[1] Basic and diluted earnings per common share are calculated based on amounts attributable to common shareholders of Corporate Office Properties Trust.