Annual report pursuant to Section 13 and 15(d)

Information by Business Segment - NOI Reconciliation (Details)

v3.25.0.1
Information by Business Segment - NOI Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment financial information for real estate operations      
Depreciation and other amortization associated with real estate operations $ (153,640) $ (148,950) $ (141,230)
Impairment losses 0 (252,797) 0
General, administrative, leasing and other expenses (47,038) (42,769) (38,991)
Interest expense (82,151) (71,142) (61,174)
Interest and other income, net 12,661 12,587 9,070
Gain on sales of real estate 0 49,392 19,250
Loss on early extinguishment of debt 0 0 (609)
Equity in income (loss) of unconsolidated entities 397 (261) 1,743
UJV NOI allocable to COPT Defense included in equity in income (loss) of unconsolidated entities (7,217) (6,659) (4,327)
Income tax expense (288) (588) (447)
Revenues 753,267 684,982 739,030
Property operating expenses 266,001 247,385 227,430
Income (loss) from continuing operations 143,942 (74,347) 149,249
Discontinued operations      
Segment financial information for real estate operations      
Revenues 0 0 1,980
Property operating expenses 0 0 971
Reportable segments      
Segment financial information for real estate operations      
NOI 418,933 384,077 362,304
UJV NOI allocable to COPT Defense included in equity in income (loss) of unconsolidated entities (7,217) (6,659) (4,327)
Revenues 677,717 624,803 586,378
Property operating expenses 266,001 247,385 228,401
Service operations      
Segment financial information for real estate operations      
NOI 2,285 2,763 4,669
Revenues $ 75,550 $ 60,179 $ 154,632