COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share ("EPS") (Tables)

Earnings Per Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of calculation of numerator and denominator in basic and diluted earnings per share

Summaries of the numerator and denominator for purposes of basic and diluted EPS calculations are set forth below (in thousands, except per share data):


	For the Three Months Ended March 31,
	2024		2023
Numerator:


Net income attributable to common shareholders	$	32,609	$	78,779
Income attributable to share-based compensation awards for basic EPS	(150)		(297)
Numerator for basic EPS on net income attributable to common shareholders	32,459		78,482

Redeemable noncontrolling interests	—		(64)


Adjustment to income attributable to share-based compensation awards for diluted EPS	21		49
Numerator for diluted EPS on net income attributable to common shareholders	$	32,480	$	78,467





Denominator (all weighted averages):
Denominator for basic EPS (common shares)	112,231		112,127


Dilutive effect of redeemable noncontrolling interests	—		91
Dilutive effect of share-based compensation awards	509		410
Denominator for diluted EPS (common shares)	112,740		112,628




Basic EPS attributable to common shareholders	$	0.29	$	0.70



Diluted EPS attributable to common shareholders	$	0.29	$	0.70

Schedule of securities excluded from computation of diluted earnings per share

Our diluted EPS computations do not include the effects of the following securities since the conversions of such securities would increase diluted EPS for the respective periods (in thousands):


	Weighted Average Shares Excluded from Denominator
	For the Three Months Ended March 31,
	2024	2023
Conversion of common units	1,625	1,489
Conversion of redeemable noncontrolling interests	947	972