| Summary of calculation of numerator and denominator in basic and diluted earning per share |
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For the Three Months
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For the Six Months
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Ended June 30,
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Ended June 30,
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2011
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2010
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2011
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2010
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Numerator:
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(Loss) income from continuing operations
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$
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(20,556
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)
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$
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7,611
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$
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(40,992
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)
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$
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16,960
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Gain on sales of real estate, net
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16
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335
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2,717
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352
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Preferred share dividends
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(4,026
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)
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(4,026
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)
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(8,051
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)
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(8,051
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)
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Loss (income) from continuing operations attributable to noncontrolling interests
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1,438
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(595
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)
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2,161
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(1,225
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)
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Income from continuing operations attributable to restricted shares
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(237
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)
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(250
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)
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(519
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)
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(540
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)
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Numerator for basic EPS from continuing operations attributable to COPT common shareholders
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(23,365
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)
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3,075
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(44,684
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)
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7,496
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Dilutive effect of common units in the Operating Partnership on diluted EPS from continuing operations
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(1,542
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)
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(2,968
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)
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Numerator for diluted EPS from continuing operations attributable to COPT common shareholders
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$
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(24,907
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)
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$
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3,075
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$
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(47,652
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)
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$
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7,496
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Numerator for basic EPS from continuing operations attributable to COPT common shareholders
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$
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(23,365
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)
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$
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3,075
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$
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(44,684
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)
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$
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7,496
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Discontinued operations
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(5,467
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)
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1,205
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(6,298
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)
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2,514
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Discontinued operations attributable to noncontrolling interests
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345
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(90
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)
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398
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(197
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)
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Numerator for basic EPS on net (loss) income attributable to COPT common shareholders
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(28,487
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)
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4,190
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(50,584
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)
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9,813
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Dilutive effect of common units in the Operating Partnership
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(1,887
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)
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(3,366
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)
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Numerator for diluted EPS on net (loss) income attributable to COPT common shareholders
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$
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(30,374
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)
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$
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4,190
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$
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(53,950
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)
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$
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9,813
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Denominator (all weighted averages):
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Denominator for basic EPS (common shares)
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68,446
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58,489
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67,399
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58,169
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Dilutive effect of share-based compensation awards
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421
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405
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Dilutive effect of common units
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4,382
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4,389
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Denominator for diluted EPS
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72,828
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58,910
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71,788
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58,574
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Basic EPS:
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(Loss) income from continuing operations attributable to COPT common shareholders
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$
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(0.34
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)
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$
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0.05
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$
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(0.66
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)
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$
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0.13
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Discontinued operations attributable to COPT common shareholders
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(0.08
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)
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0.02
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(0.09
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)
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0.04
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Net (loss) income attributable to COPT common shareholders
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$
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(0.42
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)
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$
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0.07
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$
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(0.75
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)
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$
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0.17
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Diluted EPS:
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(Loss) income from continuing operations attributable to COPT common shareholders
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$
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(0.34
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)
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$
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0.05
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$
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(0.66
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)
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$
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0.13
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Discontinued operations attributable to COPT common shareholders
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(0.08
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)
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0.02
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(0.09
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)
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0.04
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Net (loss) income attributable to COPT common shareholders
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$
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(0.42
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)
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$
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0.07
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$
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(0.75
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)
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$
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0.17
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