Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Properties, net:    
Operating properties, net $ 2,729,003 $ 2,702,693
Projects in development or held for future development 495,625 511,608
Total properties, net 3,224,628 3,214,301
Cash and cash equivalents 18,374 54,373
Restricted cash and marketable securities 10,965 11,448
Accounts receivable (net of allowance for doubtful accounts of $2,353 and $2,976, respectively) 30,152 27,000
Deferred rent receivable (net of allowance of $1,495 and $2,126, respectively) 91,082 89,456
Intangible assets on real estate acquisitions, net 55,678 59,258
Deferred leasing and financing costs, net 65,855 66,267
Mortgage and other investing receivables 55,231 53,663
Prepaid expenses and other assets 53,932 54,186
Total assets 3,605,897 3,629,952
Liabilities:    
Debt, net 1,931,831 1,927,703
Accounts payable and accrued expenses 97,451 98,785
Rents received in advance and security deposits 28,267 31,492
Dividends and distributions payable 29,122 29,080
Deferred revenue associated with operating leases 12,281 10,369
Interest rate derivatives 3,196 3,309
Other liabilities 13,060 14,207
Total liabilities 2,115,208 2,114,945
Commitments and contingencies (Note 17)      
Redeemable noncontrolling interest 17,654 17,758
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred Shares of beneficial interest at liquidation preference ($0.01 par value; 25,000,000 shares authorized; 9,431,667 shares issued and outstanding) 249,083 249,083
Common Shares of beneficial interest 876 874
Additional paid-in capital 1,816,467 1,814,015
Cumulative distributions in excess of net income (665,708) (641,868)
Accumulated other comprehensive income 2,072 3,480
Total Corporate Office Properties Trust’s shareholders’ equity 1,402,790 1,425,584
Noncontrolling interests in subsidiaries:    
Common units in COPLP 51,757 53,468
Preferred units in COPLP 8,800 8,800
Other consolidated entities 9,688 9,397
Noncontrolling interests in subsidiaries 70,245 71,665
Total equity 1,473,035 1,497,249
Total liabilities, redeemable noncontrolling interest and equity 3,605,897 3,629,952
Corporate Office Properties, L.P.
    
Properties, net:    
Operating properties, net 2,729,003 2,702,693
Projects in development or held for future development 495,625 511,608
Total properties, net 3,224,628 3,214,301
Cash and cash equivalents 18,374 54,373
Restricted cash and marketable securities 3,400 3,981
Accounts receivable (net of allowance for doubtful accounts of $2,353 and $2,976, respectively) 30,152 27,000
Deferred rent receivable (net of allowance of $1,495 and $2,126, respectively) 91,082 89,456
Intangible assets on real estate acquisitions, net 55,678 59,258
Deferred leasing and financing costs, net 65,855 66,267
Mortgage and other investing receivables 55,231 53,663
Prepaid expenses and other assets 53,932 54,186
Total assets 3,598,332 3,622,485
Liabilities:    
Debt, net 1,931,831 1,927,703
Accounts payable and accrued expenses 97,451 98,785
Rents received in advance and security deposits 28,267 31,492
Dividends and distributions payable 29,122 29,080
Deferred revenue associated with operating leases 12,281 10,369
Interest rate derivatives 3,196 3,309
Other liabilities 5,495 6,740
Total liabilities 2,107,643 2,107,478
Commitments and contingencies (Note 17)      
Redeemable noncontrolling interest 17,654 17,758
Corporate Office Properties Trust’s shareholders’ equity:    
Common Shares of beneficial interest 1,203,297 1,226,318
Accumulated other comprehensive income 2,133 3,605
Total Corporate Office Properties Trust’s shareholders’ equity 1,463,313 1,487,806
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in subsidiaries 9,722 9,443
Total equity 1,473,035 1,497,249
Total liabilities, redeemable noncontrolling interest and equity 3,598,332 3,622,485
Corporate Office Properties, L.P. | General Partner
    
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred partners' capital accounts 249,083 249,083
Corporate Office Properties, L.P. | Limited Partner
    
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred partners' capital accounts $ 8,800 $ 8,800