| Schedule of selected quarterly information |
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For the Year Ended December 31, 2011 |
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First
Quarter |
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Second
Quarter |
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Third
Quarter |
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Fourth
Quarter |
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Revenues
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$ |
137,489 |
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$ |
142,833 |
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$ |
137,517 |
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$ |
139,002 |
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| |
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Operating income (loss)
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$ |
4,007 |
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$ |
12,836 |
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$ |
30,761 |
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$ |
(43,482 |
) |
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(Loss) income from continuing operations
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$ |
(20,366 |
) |
$ |
(5,524 |
) |
$ |
4,283 |
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$ |
(91,089 |
) |
| |
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Discontinued operations
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$ |
(901 |
) |
$ |
(20,499 |
) |
$ |
3,187 |
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$ |
3,870 |
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| |
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Net (loss) income
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$ |
(18,566 |
) |
$ |
(26,007 |
) |
$ |
7,470 |
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$ |
(87,215 |
) |
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Net loss (income) attributable to noncontrolling interests
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|
776 |
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1,783 |
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(904 |
) |
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4,988 |
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| |
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Net (loss) income attributable to COPT
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(17,790 |
) |
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(24,224 |
) |
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6,566 |
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|
(82,227 |
) |
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Preferred share dividends
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|
(4,025 |
) |
|
(4,026 |
) |
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(4,025 |
) |
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(4,026 |
) |
| |
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Net (loss) income attributable to COPT common shareholders
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$ |
(21,815 |
) |
$ |
(28,250 |
) |
$ |
2,541 |
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$ |
(86,253 |
) |
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Basic earnings per share:
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Loss from continuing operations
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$ |
(0.32 |
) |
$ |
(0.14 |
) |
$ |
(0.01 |
) |
$ |
(1.26 |
) |
| |
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Net (loss) income attributable to COPT common shareholders
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$ |
(0.33 |
) |
$ |
(0.42 |
) |
$ |
0.03 |
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$ |
(1.21 |
) |
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Diluted earnings per share:
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Loss from continuing operations
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$ |
(0.32 |
) |
$ |
(0.14 |
) |
$ |
(0.01 |
) |
$ |
(1.26 |
) |
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Net (loss) income attributable to COPT common shareholders
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$ |
(0.33 |
) |
$ |
(0.42 |
) |
$ |
0.03 |
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$ |
(1.21 |
) |
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For the Year Ended December 31, 2010 |
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|
First
Quarter |
|
Second
Quarter |
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Third
Quarter |
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Fourth
Quarter |
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Revenues
|
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$ |
142,325 |
|
$ |
129,163 |
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$ |
121,915 |
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$ |
144,195 |
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| |
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Operating income
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$ |
29,747 |
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$ |
32,718 |
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$ |
29,233 |
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$ |
32,834 |
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Income from continuing operations
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$ |
8,890 |
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$ |
7,891 |
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$ |
4,528 |
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$ |
15,311 |
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Discontinued operations
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$ |
1,768 |
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$ |
925 |
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$ |
1,921 |
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$ |
1,441 |
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Net income
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$ |
10,675 |
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$ |
9,151 |
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$ |
8,926 |
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$ |
16,752 |
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Net income attributable to noncontrolling interests
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(737 |
) |
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(685 |
) |
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(94 |
) |
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(1,228 |
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Net income attributable to COPT
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9,938 |
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8,466 |
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8,832 |
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15,524 |
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Preferred share dividends
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(4,025 |
) |
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(4,026 |
) |
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(4,025 |
) |
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(4,026 |
) |
| |
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Net income attributable to COPT common shareholders
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$ |
5,913 |
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$ |
4,440 |
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$ |
4,807 |
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$ |
11,498 |
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| |
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Basic earnings per share:
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Income from continuing operations
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$ |
0.07 |
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$ |
0.06 |
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$ |
0.05 |
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$ |
0.16 |
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Net income attributable to COPT common shareholders
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$ |
0.10 |
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$ |
0.07 |
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$ |
0.08 |
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$ |
0.18 |
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Diluted earnings per share:
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Income from continuing operations
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$ |
0.07 |
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$ |
0.06 |
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$ |
0.05 |
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$ |
0.16 |
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Net income attributable to COPT common shareholders
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$ |
0.10 |
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$ |
0.07 |
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$ |
0.08 |
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$ |
0.18 |
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