Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Properties, net:    
Operating properties, net $ 2,713,579 $ 2,597,666
Projects in development or held for future development 526,167 565,378
Total properties, net 3,239,746 3,163,044
Assets held for sale, net 133,984 140,229
Cash and cash equivalents 27,318 10,594
Restricted cash and marketable securities 14,698 21,557
Accounts receivable (net of allowance for doubtful accounts of $5,344 and $4,694, respectively) 17,724 19,247
Deferred rent receivable 90,104 85,802
Intangible assets on real estate acquisitions, net 64,372 75,879
Deferred leasing and financing costs, net 63,246 59,952
Mortgage and other investing receivables 40,321 33,396
Prepaid expenses and other assets 64,075 44,059
Total assets 3,755,588 3,653,759
Liabilities:    
Debt, net 2,135,031 2,019,168
Accounts payable and accrued expenses 85,291 97,922
Rents received in advance and security deposits 28,539 27,632
Dividends/Distributions payable 29,077 28,698
Deferred revenue associated with operating leases 8,545 11,995
Distributions received in excess of investment in unconsolidated real estate joint venture 6,420 6,420
Interest rate derivatives 3,595 6,185
Other liabilities 8,234 8,942
Total liabilities 2,304,732 2,206,962
Commitments and contingencies (Note 17)      
Redeemable noncontrolling interest 16,789 10,298
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred Shares of beneficial interest at liquidation preference ($0.01 par value; 25,000,000 shares authorized; shares issued and outstanding of 9,431,667 at September 30, 2013 and 12,821,667 at December 31, 2012) 249,083 333,833
Common Shares of beneficial interest 874 809
Additional paid-in capital 1,812,801 1,653,672
Cumulative distributions in excess of net income (700,368) (617,455)
Accumulated other comprehensive income (loss) 2,925 (5,435)
Total Corporate Office Properties Trust’s shareholders’ equity 1,365,315 1,365,424
Noncontrolling interests in subsidiaries:    
Common units in COPLP 50,815 52,122
Preferred units in COPLP 8,800 8,800
Other consolidated entities 9,137 10,153
Noncontrolling interests in subsidiaries 68,752 71,075
Total equity 1,434,067 1,436,499
Total liabilities, redeemable noncontrolling interest and equity 3,755,588 3,653,759
Corporate Office Properties, L.P.
    
Properties, net:    
Operating properties, net 2,713,579 2,597,666
Projects in development or held for future development 526,167 565,378
Total properties, net 3,239,746 3,163,044
Assets held for sale, net 133,984 140,229
Cash and cash equivalents 27,318 10,594
Restricted cash and marketable securities 7,517 14,781
Accounts receivable (net of allowance for doubtful accounts of $5,344 and $4,694, respectively) 17,724 19,247
Deferred rent receivable 90,104 85,802
Intangible assets on real estate acquisitions, net 64,372 75,879
Deferred leasing and financing costs, net 63,246 59,952
Mortgage and other investing receivables 40,321 33,396
Prepaid expenses and other assets 64,075 44,059
Total assets 3,748,407 3,646,983
Liabilities:    
Debt, net 2,135,031 2,019,168
Accounts payable and accrued expenses 85,291 97,922
Rents received in advance and security deposits 28,539 27,632
Dividends/Distributions payable 29,077 28,698
Deferred revenue associated with operating leases 8,545 11,995
Distributions received in excess of investment in unconsolidated real estate joint venture 6,420 6,420
Interest rate derivatives 3,595 6,185
Other liabilities 1,053 2,166
Total liabilities 2,297,551 2,200,186
Commitments and contingencies (Note 17)      
Redeemable noncontrolling interest 16,789 10,298
Corporate Office Properties Trust’s shareholders’ equity:    
Common Shares of beneficial interest 1,163,977 1,089,391
Accumulated other comprehensive income (loss) 3,026 (5,708)
Total Corporate Office Properties Trust’s shareholders’ equity 1,424,886 1,426,316
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in subsidiaries 9,181 10,183
Total equity 1,434,067 1,436,499
Total liabilities, redeemable noncontrolling interest and equity 3,748,407 3,646,983
Corporate Office Properties, L.P. | General Partner
    
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred partners' capital accounts 249,083 333,833
Corporate Office Properties, L.P. | Limited Partner
    
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred partners' capital accounts $ 8,800 $ 8,800