Quarterly report [Sections 13 or 15(d)]

Information by Business Segment - Reconciliation of NOI from Real Estate Operations and NOI from Service Operations (Details)

v3.25.3
Information by Business Segment - Reconciliation of NOI from Real Estate Operations and NOI from Service Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment financial information for real estate operations        
Depreciation and other amortization associated with real estate operations $ (40,631) $ (38,307) $ (119,563) $ (114,819)
General, administrative, leasing and other expenses (12,030) (11,416) (36,097) (35,195)
Interest expense (20,894) (20,376) (62,336) (61,760)
Interest and other income, net 2,591 3,324 5,382 10,330
Gain on sales of real estate 3,018 0 3,318 0
Equity in income of unconsolidated entities 1,815 85 2,541 180
UJV NOI allocable to COPT Defense included in equity in income of unconsolidated entities (1,864) (1,844) (5,623) (5,319)
Income tax expense (612) (130) (832) (312)
Net income 43,744 37,397 120,138 107,475
Reportable segments        
Segment financial information for real estate operations        
NOI 111,818 105,526 331,676 312,593
UJV NOI allocable to COPT Defense included in equity in income of unconsolidated entities (1,864) (1,844) (5,623) (5,319)
Service operations        
Segment financial information for real estate operations        
NOI $ 533 $ 535 $ 1,672 $ 1,777