Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Properties, net:    
Operating properties, net $ 2,702,693 $ 2,597,666
Projects in development or held for future development 511,608 565,378
Total properties, net 3,214,301 3,163,044
Assets held for sale, net 0 140,229
Cash and cash equivalents 54,373 10,594
Restricted cash and marketable securities 11,448 21,557
Accounts receivable (net of allowance for doubtful accounts of $2,976 and $4,694, respectively) 27,000 16,845
Deferred rent receivable (net of allowance of $2,126 and $913, respectively) 89,456 85,802
Intangible assets on real estate acquisitions, net 59,258 75,879
Deferred leasing and financing costs, net 66,267 59,952
Mortgage and other investing receivables 53,663 35,798
Prepaid expenses and other assets 54,186 44,059
Total assets 3,629,952 3,653,759
Liabilities:    
Debt, net 1,927,703 2,019,168
Accounts payable and accrued expenses 98,785 97,922
Rents received in advance and security deposits 31,492 27,632
Dividends and distributions payable 29,080 28,698
Deferred revenue associated with operating leases 10,369 11,995
Distributions received in excess of investment in unconsolidated real estate joint venture 0 6,420
Interest rate derivatives 3,309 6,185
Other liabilities 14,207 8,942
Total liabilities 2,114,945 2,206,962
Commitments and contingencies (Note 23)      
Redeemable noncontrolling interest 17,758 10,298
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred Shares of beneficial interest at liquidation preference 249,083 333,833
Common Shares of beneficial interest 874 809
Additional paid-in capital 1,814,015 1,653,672
Cumulative distributions in excess of net income (641,868) (617,455)
Accumulated other comprehensive income (loss) 3,480 (5,435)
Total Corporate Office Properties Trust’s shareholders’ equity 1,425,584 1,365,424
Noncontrolling interests in subsidiaries:    
Common units in COPLP 53,468 52,122
Preferred units in COPLP 8,800 8,800
Other consolidated entities 9,397 10,153
Noncontrolling interests in subsidiaries 71,665 71,075
Total equity 1,497,249 1,436,499
Total liabilities and equity 3,629,952 3,653,759
Corporate Office Properties, L.P.
    
Properties, net:    
Operating properties, net 2,702,693 2,597,666
Projects in development or held for future development 511,608 565,378
Total properties, net 3,214,301 3,163,044
Assets held for sale, net 0 140,229
Cash and cash equivalents 54,373 10,594
Restricted cash and marketable securities 3,981 14,781
Accounts receivable (net of allowance for doubtful accounts of $2,976 and $4,694, respectively) 27,000 16,845
Deferred rent receivable (net of allowance of $2,126 and $913, respectively) 89,456 85,802
Intangible assets on real estate acquisitions, net 59,258 75,879
Deferred leasing and financing costs, net 66,267 59,952
Mortgage and other investing receivables 53,663 35,798
Prepaid expenses and other assets 54,186 44,059
Total assets 3,622,485 3,646,983
Liabilities:    
Debt, net 1,927,703 2,019,168
Accounts payable and accrued expenses 98,785 97,922
Rents received in advance and security deposits 31,492 27,632
Dividends and distributions payable 29,080 28,698
Deferred revenue associated with operating leases 10,369 11,995
Distributions received in excess of investment in unconsolidated real estate joint venture 0 6,420
Interest rate derivatives 3,309 6,185
Other liabilities 6,740 2,166
Total liabilities 2,107,478 2,200,186
Commitments and contingencies (Note 23)      
Redeemable noncontrolling interest 17,758 10,298
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred Shares of beneficial interest at liquidation preference 249,083  
Common Shares of beneficial interest 1,226,318 1,089,391
Accumulated other comprehensive income (loss) 3,605 (5,708)
Total Corporate Office Properties Trust’s shareholders’ equity 1,487,806 1,426,316
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in subsidiaries 9,443 10,183
Total equity 1,497,249 1,436,499
Total liabilities and equity 3,622,485 3,646,983
Corporate Office Properties, L.P. | General Partner
    
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred Units, Preferred Partners' Capital Accounts 249,083 333,833
Corporate Office Properties, L.P. | Limited Partner
    
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred Units, Preferred Partners' Capital Accounts $ 8,800 $ 8,800