Quarterly report pursuant to Section 13 or 15(d)

Information by Business Segment - Segment Financial Information for Our Reportable Segments (Details)

v3.24.2.u1
Information by Business Segment - Segment Financial Information for Our Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Segment financial information for real estate operations          
Revenues from real estate operations $ 187,343 $ 169,196 $ 380,609 $ 336,697  
UJV NOI allocable to COPT Defense 1,735 1,671 3,475 3,313  
Segment assets 4,219,338 4,246,346 4,219,338 4,246,346 $ 4,246,966
Segment assets          
Segment financial information for real estate operations          
Segment assets 3,617,919 3,599,786 3,617,919 3,599,786  
Real Estate Operations          
Segment financial information for real estate operations          
Revenues from real estate operations 167,085 154,953 333,748 306,634  
Property operating expenses (63,410) (61,600) (130,156) (121,020)  
UJV NOI allocable to COPT Defense 1,735 1,671 3,475 3,313  
NOI from real estate operations 105,410 95,024 207,067 188,927  
Additions to long-lived assets 25,583 38,807 62,474 64,044  
Transfers from non-operating properties 4,240 10,780 42,785 37,193  
Real Estate Operations | Defense/IT Portfolio          
Segment financial information for real estate operations          
Revenues from real estate operations 149,620 136,995 299,016 270,237  
Property operating expenses (53,809) (50,831) (110,010) (99,641)  
UJV NOI allocable to COPT Defense 1,735 1,671 3,475 3,313  
NOI from real estate operations 97,546 87,835 192,481 173,909  
Additions to long-lived assets 19,917 34,091 52,018 56,039  
Transfers from non-operating properties 2,506 10,766 41,042 37,166  
Real Estate Operations | Defense/IT Portfolio | Fort Meade/BW Corridor          
Segment financial information for real estate operations          
Revenues from real estate operations 77,715 72,176 155,783 141,953  
Property operating expenses (24,637) (24,188) (52,527) (48,708)  
UJV NOI allocable to COPT Defense 0 0 0 0  
NOI from real estate operations 53,078 47,988 103,256 93,245  
Additions to long-lived assets 7,720 23,646 34,060 35,781  
Transfers from non-operating properties 665 4,628 2,240 10,409  
Real Estate Operations | Defense/IT Portfolio | NoVA Defense/IT          
Segment financial information for real estate operations          
Revenues from real estate operations 20,601 19,841 42,027 39,670  
Property operating expenses (8,930) (7,683) (18,192) (15,255)  
UJV NOI allocable to COPT Defense 0 0 0 0  
NOI from real estate operations 11,671 12,158 23,835 24,415  
Additions to long-lived assets 9,914 7,957 14,405 10,355  
Transfers from non-operating properties 2 249 995 487  
Real Estate Operations | Defense/IT Portfolio | Lackland Air Force Base          
Segment financial information for real estate operations          
Revenues from real estate operations 16,447 17,595 32,858 33,200  
Property operating expenses (8,797) (9,951) (17,485) (17,896)  
UJV NOI allocable to COPT Defense 0 0 0 0  
NOI from real estate operations 7,650 7,644 15,373 15,304  
Additions to long-lived assets 0 0 0 62  
Transfers from non-operating properties 0 17 9 45  
Real Estate Operations | Defense/IT Portfolio | Navy Support          
Segment financial information for real estate operations          
Revenues from real estate operations 8,240 8,118 16,466 16,043  
Property operating expenses (3,633) (3,516) (7,259) (7,059)  
UJV NOI allocable to COPT Defense 0 0 0 0  
NOI from real estate operations 4,607 4,602 9,207 8,984  
Additions to long-lived assets 1,931 309 2,529 1,068  
Transfers from non-operating properties 40 0 40 2,650  
Real Estate Operations | Defense/IT Portfolio | Redstone Arsenal          
Segment financial information for real estate operations          
Revenues from real estate operations 17,017 12,978 33,825 26,392  
Property operating expenses (5,721) (4,750) (11,513) (9,386)  
UJV NOI allocable to COPT Defense 0 0 0 0  
NOI from real estate operations 11,296 8,228 22,312 17,006  
Additions to long-lived assets 352 2,179 1,024 8,773  
Transfers from non-operating properties 1,389 3,935 34,273 18,327  
Real Estate Operations | Defense/IT Portfolio | Data Center Shells          
Segment financial information for real estate operations          
Revenues from real estate operations 9,600 6,287 18,057 12,979  
Property operating expenses (2,091) (743) (3,034) (1,337)  
UJV NOI allocable to COPT Defense 1,735 1,671 3,475 3,313  
NOI from real estate operations 9,244 7,215 18,498 14,955  
Additions to long-lived assets 0 0 0 0  
Transfers from non-operating properties 410 1,937 3,485 5,248  
Real Estate Operations | Other          
Segment financial information for real estate operations          
Revenues from real estate operations 17,465 17,958 34,732 36,397  
Property operating expenses (9,601) (10,769) (20,146) (21,379)  
UJV NOI allocable to COPT Defense 0 0 0 0  
NOI from real estate operations 7,864 7,189 14,586 15,018  
Additions to long-lived assets 5,666 4,716 10,456 8,005  
Transfers from non-operating properties 1,734 14 1,743 27  
Real Estate Operations | Segment assets          
Segment financial information for real estate operations          
Segment assets 3,617,919 3,599,786 3,617,919 3,599,786  
Real Estate Operations | Segment assets | Defense/IT Portfolio          
Segment financial information for real estate operations          
Segment assets 3,302,518 3,053,068 3,302,518 3,053,068  
Real Estate Operations | Segment assets | Defense/IT Portfolio | Fort Meade/BW Corridor          
Segment financial information for real estate operations          
Segment assets 1,449,787 1,403,113 1,449,787 1,403,113  
Real Estate Operations | Segment assets | Defense/IT Portfolio | NoVA Defense/IT          
Segment financial information for real estate operations          
Segment assets 493,281 489,404 493,281 489,404  
Real Estate Operations | Segment assets | Defense/IT Portfolio | Lackland Air Force Base          
Segment financial information for real estate operations          
Segment assets 185,595 191,742 185,595 191,742  
Real Estate Operations | Segment assets | Defense/IT Portfolio | Navy Support          
Segment financial information for real estate operations          
Segment assets 160,195 166,310 160,195 166,310  
Real Estate Operations | Segment assets | Defense/IT Portfolio | Redstone Arsenal          
Segment financial information for real estate operations          
Segment assets 580,886 477,334 580,886 477,334  
Real Estate Operations | Segment assets | Defense/IT Portfolio | Data Center Shells          
Segment financial information for real estate operations          
Segment assets 432,774 325,165 432,774 325,165  
Real Estate Operations | Segment assets | Other          
Segment financial information for real estate operations          
Segment assets $ 315,401 $ 546,718 $ 315,401 $ 546,718