Annual report pursuant to Section 13 and 15(d)

Information by Business Segment (NOI Reconciliation) (Details)

v3.22.4
Information by Business Segment (NOI Reconciliation) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Segment financial information for real estate operations      
Depreciation and other amortization associated with real estate operations $ (141,230) $ (137,543) $ (126,503)
General, administrative and leasing expenses (35,798) (36,127) (33,001)
Business development expenses and land carry costs (3,193) (4,647) (4,473)
Impairment losses 0 0 (1,530)
Interest expense (61,174) (65,398) (67,937)
Interest and other income 9,341 7,879 8,574
Credit loss (expense) recoveries (271) 1,128 933
Gain on sales of real estate 19,250 65,590 30,209
Gain on sale of investment in unconsolidated real estate joint venture 0 0 29,416
Loss on early extinguishment of debt (609) (100,626) (7,306)
Loss on interest rate derivatives 0 0 (53,196)
Equity in income of unconsolidated entities 1,743 1,093 1,825
UJV NOI allocable to COPT included in equity in income of unconsolidated entities (4,327) (4,029) (6,951)
Income tax expense (447) (145) (353)
Revenues from real estate operations from discontinued operations (Note 4) (1,980) (30,490) (27,011)
Property operating expenses from discontinued operations (Note 4) 971 16,842 13,044
Income from continuing operations 149,249 78,220 100,601
Real estate operations      
Segment financial information for real estate operations      
NOI from real estate operations 362,304 360,870 341,836
UJV NOI allocable to COPT included in equity in income of unconsolidated entities (4,327) (4,029) (6,951)
Property operating expenses from discontinued operations (Note 4) 971 16,842 13,044
Service operations      
Segment financial information for real estate operations      
NOI from service operations $ 4,669 $ 3,823 $ 3,025