Annual report pursuant to Section 13 and 15(d)

Quarterly Data (Unaudited)

v2.4.0.6
Quarterly Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Data (Unaudited)  
Quarterly Data (Unaudited)

20. Quarterly Data (Unaudited)

        The tables below set forth selected quarterly information for the years ended December 31, 2011 and 2010 (in thousands, except per share data). Certain of the amounts below have been reclassified to conform to the current period presentation of our consolidated financial statements.

 
  For the Year Ended December 31, 2011  
 
  First
Quarter
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
 

Revenues

  $ 137,489   $ 142,833   $ 137,517   $ 139,002  
                   

Operating income (loss)

  $ 4,007   $ 12,836   $ 30,761   $ (43,482 )
                   

(Loss) income from continuing operations

  $ (20,366 ) $ (5,524 ) $ 4,283   $ (91,089 )
                   

Discontinued operations

  $ (901 ) $ (20,499 ) $ 3,187   $ 3,870  
                   

Net (loss) income

  $ (18,566 ) $ (26,007 ) $ 7,470   $ (87,215 )

Net loss (income) attributable to noncontrolling interests

    776     1,783     (904 )   4,988  
                   

Net (loss) income attributable to COPT

    (17,790 )   (24,224 )   6,566     (82,227 )

Preferred share dividends

    (4,025 )   (4,026 )   (4,025 )   (4,026 )
                   

Net (loss) income attributable to COPT common shareholders

  $ (21,815 ) $ (28,250 ) $ 2,541   $ (86,253 )
                   

Basic earnings per share:

                         

Loss from continuing operations

  $ (0.32 ) $ (0.14 ) $ (0.01 ) $ (1.26 )
                   

Net (loss) income attributable to COPT common shareholders

  $ (0.33 ) $ (0.42 ) $ 0.03   $ (1.21 )
                   

Diluted earnings per share:

                         

Loss from continuing operations

  $ (0.32 ) $ (0.14 ) $ (0.01 ) $ (1.26 )
                   

Net (loss) income attributable to COPT common shareholders

  $ (0.33 ) $ (0.42 ) $ 0.03   $ (1.21 )
                   

 

 
  For the Year Ended December 31, 2010  
 
  First
Quarter
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
 

Revenues

  $ 142,325   $ 129,163   $ 121,915   $ 144,195  
                   

Operating income

  $ 29,747   $ 32,718   $ 29,233   $ 32,834  
                   

Income from continuing operations

  $ 8,890   $ 7,891   $ 4,528   $ 15,311  
                   

Discontinued operations

  $ 1,768   $ 925   $ 1,921   $ 1,441  
                   

Net income

  $ 10,675   $ 9,151   $ 8,926   $ 16,752  

Net income attributable to noncontrolling interests

    (737 )   (685 )   (94 )   (1,228 )
                   

Net income attributable to COPT

    9,938     8,466     8,832     15,524  

Preferred share dividends

    (4,025 )   (4,026 )   (4,025 )   (4,026 )
                   

Net income attributable to COPT common shareholders

  $ 5,913   $ 4,440   $ 4,807   $ 11,498  
                   

Basic earnings per share:

                         

Income from continuing operations

  $ 0.07   $ 0.06   $ 0.05   $ 0.16  
                   

Net income attributable to COPT common shareholders

  $ 0.10   $ 0.07   $ 0.08   $ 0.18  
                   

Diluted earnings per share:

                         

Income from continuing operations

  $ 0.07   $ 0.06   $ 0.05   $ 0.16  
                   

Net income attributable to COPT common shareholders

  $ 0.10   $ 0.07   $ 0.08   $ 0.18