Annual report pursuant to Section 13 and 15(d)

Quarterly Data (Unaudited)

v2.4.0.8
Quarterly Data (Unaudited)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data (Unaudited)
Quarterly Data (Unaudited)
COPT and Subsidiaries

The tables below set forth selected quarterly information for the years ended December 31, 2013 and 2012 (in thousands, except per share data). Certain of the amounts below have been reclassified to conform to the current period presentation of our consolidated financial statements.
 
For the Year Ended December 31, 2013
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
$
126,219

 
$
136,527

 
$
131,812

 
$
128,802

Operating income
$
36,165

 
$
40,229

 
$
30,673

 
$
34,843

Income (loss) from continuing operations
$
11,662

 
$
(232
)
 
$
10,974

 
$
14,432

Discontinued operations
$
1,261

 
$
(4,502
)
 
$
(12,974
)
 
$
71,907

Net income (loss)
$
15,277

 
$
(4,405
)
 
$
(2,000
)
 
$
92,672

Net (income) loss attributable to noncontrolling interests
(257
)
 
(960
)
 
(964
)
 
(5,656
)
Net income (loss) attributable to COPT
15,020

 
(5,365
)
 
(2,964
)
 
87,016

Preferred share dividends
(6,106
)
 
(4,885
)
 
(4,490
)
 
(4,490
)
Issuance costs associated with redeemed preferred shares

 
(2,904
)
 

 

Net income (loss) attributable to COPT common shareholders
$
8,914

 
$
(13,154
)
 
$
(7,454
)
 
$
82,526

Basic earnings per common share
$
0.11

 
$
(0.16
)
 
$
(0.09
)
 
$
0.94

Diluted earnings per common share
$
0.11

 
$
(0.16
)
 
$
(0.09
)
 
$
0.94

 
For the Year Ended December 31, 2012
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
$
127,359

 
$
123,074

 
$
125,067

 
$
132,635

Operating income (loss)
$
34,651

 
$
32,069

 
$
(10,844
)
 
$
33,190

Income (loss) from continuing operations
$
13,184

 
$
10,336

 
$
(32,048
)
 
$
16,495

Discontinued operations
$
(2,949
)
 
$
1,504

 
$
11,283

 
$
2,515

Net income (loss)
$
10,235

 
$
11,861

 
$
(20,765
)
 
$
19,010

Net loss (income) attributable to noncontrolling interests
60

 
(556
)
 
1,603

 
(471
)
Net income (loss) attributable to COPT
10,295

 
11,305

 
(19,162
)
 
18,539

Preferred share dividends
(4,025
)
 
(4,167
)
 
(6,546
)
 
(6,106
)
Issuance costs associated with redeemed preferred shares

 

 
(1,827
)
 

Net income (loss) attributable to COPT common shareholders
$
6,270

 
$
7,138

 
$
(27,535
)
 
$
12,433

Basic earnings per common share
$
0.09

 
$
0.10

 
$
(0.39
)
 
$
0.16

Diluted earnings per common share
$
0.09

 
$
0.10

 
$
(0.39
)
 
$
0.16



COPLP and Subsidiaries

The tables below set forth selected quarterly information for the years ended December 31, 2013 and 2012 (in thousands, except per share data).
 
For the Year Ended December 31, 2013
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
$
126,219

 
$
136,527

 
$
131,812

 
$
128,802

Operating income
$
36,165

 
$
40,229

 
$
30,673

 
$
34,843

Income (loss) from continuing operations
$
11,662

 
$
(232
)
 
$
10,974

 
$
14,432

Discontinued operations
$
1,261

 
$
(4,502
)
 
$
(12,974
)
 
$
71,907

Net income (loss)
$
15,277

 
$
(4,405
)
 
$
(2,000
)
 
$
92,672

Net loss (income) attributable to noncontrolling interests
336

 
(1,473
)
 
(1,035
)
 
(1,735
)
Net income (loss) attributable to COPLP
15,613

 
(5,878
)
 
(3,035
)
 
90,937

Preferred unit distributions
(6,271
)
 
(5,050
)
 
(4,655
)
 
(4,655
)
Issuance costs associated with redeemed preferred units

 
(2,904
)
 

 

Net income (loss) attributable to COPLP common unitholders
$
9,342

 
$
(13,832
)
 
$
(7,690
)
 
$
86,282

Basic earnings per common unit
$
0.11

 
$
(0.16
)
 
$
(0.09
)
 
$
0.94

Diluted earnings per common unit
$
0.11

 
$
(0.16
)
 
$
(0.09
)
 
$
0.94

 
For the Year Ended December 31, 2012
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
$
127,359

 
$
123,074

 
$
125,067

 
$
132,635

Operating income (loss)
$
34,651

 
$
32,069

 
$
(10,844
)
 
$
33,190

Income (loss) from continuing operations
$
13,184

 
$
10,336

 
$
(32,048
)
 
$
16,495

Discontinued operations
$
(2,949
)
 
$
1,504

 
$
11,283

 
$
2,515

Net income (loss)
$
10,235

 
$
11,861

 
$
(20,765
)
 
$
19,010

Net loss (income) attributable to noncontrolling interests
570

 
1

 
(404
)
 
340

Net income (loss) attributable to COPLP
10,805

 
11,862

 
(21,169
)
 
19,350

Preferred unit distributions
(4,190
)
 
(4,332
)
 
(6,711
)
 
(6,271
)
Issuance costs associated with redeemed preferred units

 

 
(1,827
)
 

Net income (loss) attributable to COPLP common unitholders
$
6,615

 
$
7,530

 
$
(29,707
)
 
$
13,079

Basic earnings per common unit
$
0.09

 
$
0.10

 
$
(0.39
)
 
$
0.16

Diluted earnings per common unit
$
0.09

 
$
0.10

 
$
(0.39
)
 
$
0.16