COPT Defense Properties Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Earnings Per Share ("EPS") (Tables)

Earnings Per Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2025

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,
	2025		2024
Numerator


Net income attributable to common shareholders	$	34,740	$	32,609
Income attributable to share-based compensation awards for basic EPS	(167)		(150)
Numerator for basic EPS on net income attributable to common shareholders	34,573		32,459




Adjustment to income attributable to share-based compensation awards for diluted EPS	24		21
Numerator for diluted EPS on net income attributable to common shareholders	$	34,597	$	32,480





Denominator (all weighted averages)
Denominator for basic EPS (common shares)	112,383		112,231



Dilutive effect of share-based compensation awards	643		509
Denominator for diluted EPS (common shares)	113,026		112,740




Basic EPS attributable to common shareholders	$	0.31	$	0.29



Diluted EPS attributable to common shareholders	$	0.31	$	0.29

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,
	2025	2024
Conversion of common units	2,047	1,625
Conversion of redeemable noncontrolling interest	873	947