Information by Business Segment - Segment Financial Information for Our Reportable Segments (Details) - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2025 |
Sep. 30, 2024 |
Dec. 31, 2024 |
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
$ 188,795
|
$ 189,225
|
$ 566,566
|
$ 569,834
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(70,356)
|
(68,881)
|
(209,311)
|
(199,037)
|
|
| UJV NOI allocable to COPT Defense |
1,864
|
1,844
|
5,623
|
5,319
|
|
| Segment assets |
4,351,432
|
4,234,302
|
4,351,432
|
4,234,302
|
$ 4,254,191
|
| Reportable segments |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
180,310
|
172,563
|
535,364
|
506,311
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(70,356)
|
(68,881)
|
(209,311)
|
(199,037)
|
|
| UJV NOI allocable to COPT Defense |
1,864
|
1,844
|
5,623
|
5,319
|
|
| Total other segment items |
(68,492)
|
(67,037)
|
(203,688)
|
(193,718)
|
|
| NOI |
111,818
|
105,526
|
331,676
|
312,593
|
|
| Additions to long-lived assets |
30,917
|
45,573
|
76,977
|
108,047
|
|
| Transfers from non-operating properties |
25,940
|
26,893
|
74,078
|
69,678
|
|
| Segment assets |
3,720,879
|
3,647,455
|
3,720,879
|
3,647,455
|
|
| Reportable segments | Defense/IT Portfolio |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
161,573
|
155,148
|
479,709
|
455,636
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(60,580)
|
(58,855)
|
(180,706)
|
(169,714)
|
|
| UJV NOI allocable to COPT Defense |
1,864
|
1,844
|
5,623
|
5,319
|
|
| Total other segment items |
(58,716)
|
(57,011)
|
(175,083)
|
(164,395)
|
|
| NOI |
102,857
|
98,137
|
304,626
|
291,241
|
|
| Additions to long-lived assets |
28,051
|
41,533
|
68,749
|
93,760
|
|
| Transfers from non-operating properties |
25,798
|
26,752
|
68,937
|
67,794
|
|
| Segment assets |
3,405,258
|
3,336,034
|
3,405,258
|
3,336,034
|
|
| Reportable segments | Defense/IT Portfolio | Fort Meade/BW Corridor |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
81,756
|
80,757
|
247,701
|
238,012
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(28,477)
|
(28,342)
|
(87,304)
|
(81,718)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(28,477)
|
(28,342)
|
(87,304)
|
(81,718)
|
|
| NOI |
53,279
|
52,415
|
160,397
|
156,294
|
|
| Additions to long-lived assets |
12,812
|
14,101
|
30,876
|
48,370
|
|
| Transfers from non-operating properties |
19,751
|
418
|
34,984
|
2,658
|
|
| Segment assets |
1,460,768
|
1,450,602
|
1,460,768
|
1,450,602
|
|
| Reportable segments | Defense/IT Portfolio | Redstone Arsenal |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
19,477
|
18,332
|
54,876
|
52,157
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(7,250)
|
(6,463)
|
(19,704)
|
(17,976)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(7,250)
|
(6,463)
|
(19,704)
|
(17,976)
|
|
| NOI |
12,227
|
11,869
|
35,172
|
34,181
|
|
| Additions to long-lived assets |
2,209
|
1,521
|
12,395
|
2,545
|
|
| Transfers from non-operating properties |
4,806
|
25,846
|
23,428
|
60,119
|
|
| Segment assets |
618,618
|
602,573
|
618,618
|
602,573
|
|
| Reportable segments | Defense/IT Portfolio | NoVA Defense/IT |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
22,343
|
22,083
|
67,523
|
64,110
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(8,891)
|
(9,252)
|
(27,838)
|
(27,444)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(8,891)
|
(9,252)
|
(27,838)
|
(27,444)
|
|
| NOI |
13,452
|
12,831
|
39,685
|
36,666
|
|
| Additions to long-lived assets |
7,061
|
5,357
|
12,880
|
19,762
|
|
| Transfers from non-operating properties |
26
|
16
|
42
|
1,011
|
|
| Segment assets |
491,051
|
492,912
|
491,051
|
492,912
|
|
| Reportable segments | Defense/IT Portfolio | Lackland Air Force Base |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
18,555
|
16,879
|
52,440
|
49,737
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(10,245)
|
(9,160)
|
(28,485)
|
(26,645)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(10,245)
|
(9,160)
|
(28,485)
|
(26,645)
|
|
| NOI |
8,310
|
7,719
|
23,955
|
23,092
|
|
| Additions to long-lived assets |
7
|
17,034
|
224
|
17,034
|
|
| Transfers from non-operating properties |
0
|
0
|
0
|
9
|
|
| Segment assets |
193,734
|
200,968
|
193,734
|
200,968
|
|
| Reportable segments | Defense/IT Portfolio | Navy Support |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
8,727
|
8,068
|
24,945
|
24,534
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(4,016)
|
(4,084)
|
(12,038)
|
(11,343)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(4,016)
|
(4,084)
|
(12,038)
|
(11,343)
|
|
| NOI |
4,711
|
3,984
|
12,907
|
13,191
|
|
| Additions to long-lived assets |
5,962
|
3,520
|
12,374
|
6,049
|
|
| Transfers from non-operating properties |
0
|
66
|
2
|
106
|
|
| Segment assets |
167,810
|
161,007
|
167,810
|
161,007
|
|
| Reportable segments | Defense/IT Portfolio | Data Center Shells |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
10,715
|
9,029
|
32,224
|
27,086
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(1,701)
|
(1,554)
|
(5,337)
|
(4,588)
|
|
| UJV NOI allocable to COPT Defense |
1,864
|
1,844
|
5,623
|
5,319
|
|
| Total other segment items |
163
|
290
|
286
|
731
|
|
| NOI |
10,878
|
9,319
|
32,510
|
27,817
|
|
| Additions to long-lived assets |
0
|
0
|
0
|
0
|
|
| Transfers from non-operating properties |
1,215
|
406
|
10,481
|
3,891
|
|
| Segment assets |
473,277
|
427,972
|
473,277
|
427,972
|
|
| Reportable segments | Other |
|
|
|
|
|
| Segment financial information for real estate operations |
|
|
|
|
|
| Revenues from real estate operations |
18,737
|
17,415
|
55,655
|
50,675
|
|
| Other segment items: |
|
|
|
|
|
| Property operating expenses |
(9,776)
|
(10,026)
|
(28,605)
|
(29,323)
|
|
| UJV NOI allocable to COPT Defense |
0
|
0
|
0
|
0
|
|
| Total other segment items |
(9,776)
|
(10,026)
|
(28,605)
|
(29,323)
|
|
| NOI |
8,961
|
7,389
|
27,050
|
21,352
|
|
| Additions to long-lived assets |
2,866
|
4,040
|
8,228
|
14,287
|
|
| Transfers from non-operating properties |
142
|
141
|
5,141
|
1,884
|
|
| Segment assets |
$ 315,621
|
$ 311,421
|
$ 315,621
|
$ 311,421
|
|