Information by Business Segment - Segment Financial Information for Our Reportable Segments (Details) - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
$ 189,915
|
$ 187,343
|
$ 377,771
|
$ 380,609
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(66,915)
|
(63,410)
|
(138,955)
|
(130,156)
|
|
| UJV NOI allocable to COPT Defense |
1,870
|
1,735
|
3,759
|
3,475
|
|
| Segment assets |
4,286,950
|
4,219,338
|
4,286,950
|
4,219,338
|
$ 4,254,191
|
| Reportable segments |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
177,457
|
167,085
|
355,054
|
333,748
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(66,915)
|
(63,410)
|
(138,955)
|
(130,156)
|
|
| UJV NOI allocable to COPT Defense |
1,870
|
1,735
|
3,759
|
3,475
|
|
| Total other segment items |
(65,045)
|
(61,675)
|
(135,196)
|
(126,681)
|
|
| NOI |
112,412
|
105,410
|
219,858
|
207,067
|
|
| Additions to long-lived assets |
26,645
|
25,583
|
46,060
|
62,474
|
|
| Transfers from non-operating properties |
35,802
|
4,240
|
48,138
|
42,785
|
|
| Segment assets |
3,727,059
|
3,614,703
|
3,727,059
|
3,614,703
|
|
| Reportable segments | Defense/IT Portfolio |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
158,709
|
150,324
|
318,136
|
300,488
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(56,795)
|
(54,171)
|
(120,126)
|
(110,859)
|
|
| UJV NOI allocable to COPT Defense |
1,870
|
1,735
|
3,759
|
3,475
|
|
| Total other segment items |
(54,925)
|
(52,436)
|
(116,367)
|
(107,384)
|
|
| NOI |
103,784
|
97,888
|
201,769
|
193,104
|
|
| Additions to long-lived assets |
23,016
|
19,913
|
40,698
|
52,227
|
|
| Transfers from non-operating properties |
33,577
|
2,506
|
43,139
|
41,042
|
|
| Segment assets |
3,410,577
|
3,302,802
|
3,410,577
|
3,302,802
|
|
| Reportable segments | Defense/IT Portfolio | Fort Meade/BW Corridor |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
81,337
|
78,419
|
165,945
|
157,255
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(26,897)
|
(24,999)
|
(58,827)
|
(53,376)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(26,897)
|
(24,999)
|
(58,827)
|
(53,376)
|
|
| NOI |
54,440
|
53,420
|
107,118
|
103,879
|
|
| Additions to long-lived assets |
9,971
|
7,716
|
18,064
|
34,269
|
|
| Transfers from non-operating properties |
13,896
|
665
|
15,233
|
2,240
|
|
| Segment assets |
1,447,969
|
1,453,287
|
1,447,969
|
1,453,287
|
|
| Reportable segments | Defense/IT Portfolio | NoVA Defense/IT |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
22,018
|
20,601
|
45,180
|
42,027
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(8,858)
|
(8,930)
|
(18,947)
|
(18,192)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(8,858)
|
(8,930)
|
(18,947)
|
(18,192)
|
|
| NOI |
13,160
|
11,671
|
26,233
|
23,835
|
|
| Additions to long-lived assets |
3,263
|
9,914
|
5,819
|
14,405
|
|
| Transfers from non-operating properties |
(2)
|
2
|
16
|
995
|
|
| Segment assets |
490,419
|
493,281
|
490,419
|
493,281
|
|
| Reportable segments | Defense/IT Portfolio | Lackland Air Force Base |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
17,475
|
16,447
|
33,885
|
32,858
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(9,241)
|
(8,797)
|
(18,240)
|
(17,485)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(9,241)
|
(8,797)
|
(18,240)
|
(17,485)
|
|
| NOI |
8,234
|
7,650
|
15,645
|
15,373
|
|
| Additions to long-lived assets |
98
|
0
|
217
|
0
|
|
| Transfers from non-operating properties |
0
|
0
|
0
|
9
|
|
| Segment assets |
195,567
|
185,595
|
195,567
|
185,595
|
|
| Reportable segments | Defense/IT Portfolio | Navy Support |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
8,258
|
8,240
|
16,218
|
16,466
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(3,856)
|
(3,633)
|
(8,022)
|
(7,259)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(3,856)
|
(3,633)
|
(8,022)
|
(7,259)
|
|
| NOI |
4,402
|
4,607
|
8,196
|
9,207
|
|
| Additions to long-lived assets |
2,746
|
1,931
|
6,412
|
2,529
|
|
| Transfers from non-operating properties |
2
|
40
|
2
|
40
|
|
| Segment assets |
164,254
|
160,195
|
164,254
|
160,195
|
|
| Reportable segments | Defense/IT Portfolio | Redstone Arsenal |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
18,977
|
17,017
|
35,399
|
33,825
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(6,160)
|
(5,721)
|
(12,454)
|
(11,513)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(6,160)
|
(5,721)
|
(12,454)
|
(11,513)
|
|
| NOI |
12,817
|
11,296
|
22,945
|
22,312
|
|
| Additions to long-lived assets |
6,938
|
352
|
10,186
|
1,024
|
|
| Transfers from non-operating properties |
14,356
|
1,389
|
18,622
|
34,273
|
|
| Segment assets |
617,563
|
580,886
|
617,563
|
580,886
|
|
| Reportable segments | Defense/IT Portfolio | Data Center Shells |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
10,644
|
9,600
|
21,509
|
18,057
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(1,783)
|
(2,091)
|
(3,636)
|
(3,034)
|
|
| UJV NOI allocable to COPT Defense |
1,870
|
1,735
|
3,759
|
3,475
|
|
| Total other segment items |
87
|
(356)
|
123
|
441
|
|
| NOI |
10,731
|
9,244
|
21,632
|
18,498
|
|
| Additions to long-lived assets |
0
|
0
|
0
|
0
|
|
| Transfers from non-operating properties |
5,325
|
410
|
9,266
|
3,485
|
|
| Segment assets |
494,805
|
429,558
|
494,805
|
429,558
|
|
| Reportable segments | Other |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
18,748
|
16,761
|
36,918
|
33,260
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(10,120)
|
(9,239)
|
(18,829)
|
(19,297)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(10,120)
|
(9,239)
|
(18,829)
|
(19,297)
|
|
| NOI |
8,628
|
7,522
|
18,089
|
13,963
|
|
| Additions to long-lived assets |
3,629
|
5,670
|
5,362
|
10,247
|
|
| Transfers from non-operating properties |
2,225
|
1,734
|
4,999
|
1,743
|
|
| Segment assets |
$ 316,482
|
$ 311,901
|
$ 316,482
|
$ 311,901
|
|