Quarterly report [Sections 13 or 15(d)]

Information by Business Segment - Segment Financial Information for Our Reportable Segments (Details)

v3.26.3
Information by Business Segment - Segment Financial Information for Our Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Segment financial information for real estate operations          
Revenues from real estate operations $ 208,759 $ 188,795 $ 606,788 $ 566,566  
Other segment items          
Property operating expenses (77,217) (70,356) (231,238) (209,311)  
UJV NOI allocable to COPT Defense 2,212 1,864 6,318 5,623  
Segment assets 4,573,242 4,351,432 4,573,242 4,351,432 $ 4,701,790
Reportable segments          
Segment financial information for real estate operations          
Revenues from real estate operations 195,335 180,310 580,557 535,364  
Other segment items          
Property operating expenses (77,217) (70,356) (231,238) (209,311)  
UJV NOI allocable to COPT Defense 2,212 1,864 6,318 5,623  
Total other segment items (75,005) (68,492) (224,920) (203,688)  
NOI 120,330 111,818 355,637 331,676  
Additions to long-lived assets 28,017 30,917 70,997 76,977  
Transfers from non-operating properties 2,345 25,940 72,137 74,078  
Segment assets 3,925,732 3,720,879 3,925,732 3,720,879  
Reportable segments | Defense/IT Portfolio          
Segment financial information for real estate operations          
Revenues from real estate operations 176,618 161,573 523,548 479,709  
Other segment items          
Property operating expenses (66,729) (60,580) (199,301) (180,706)  
UJV NOI allocable to COPT Defense 2,212 1,864 6,318 5,623  
Total other segment items (64,517) (58,716) (192,983) (175,083)  
NOI 112,101 102,857 330,565 304,626  
Additions to long-lived assets 22,768 28,051 53,891 68,749  
Transfers from non-operating properties 2,342 25,798 71,449 68,937  
Segment assets 3,594,484 3,405,258 3,594,484 3,405,258  
Reportable segments | Defense/IT Portfolio | Fort Meade/BW Corridor          
Segment financial information for real estate operations          
Revenues from real estate operations 84,693 81,756 254,158 247,701  
Other segment items          
Property operating expenses (30,925) (28,477) (95,943) (87,304)  
UJV NOI allocable to COPT Defense 0 0 0 0  
Total other segment items (30,925) (28,477) (95,943) (87,304)  
NOI 53,768 53,279 158,215 160,397  
Additions to long-lived assets 11,616 12,812 31,772 30,876  
Transfers from non-operating properties 25 19,751 41,161 34,984  
Segment assets 1,476,279 1,460,768 1,476,279 1,460,768  
Reportable segments | Defense/IT Portfolio | Redstone Arsenal          
Segment financial information for real estate operations          
Revenues from real estate operations 21,197 19,477 61,979 54,876  
Other segment items          
Property operating expenses (7,388) (7,250) (21,352) (19,704)  
UJV NOI allocable to COPT Defense 0 0 0 0  
Total other segment items (7,388) (7,250) (21,352) (19,704)  
NOI 13,809 12,227 40,627 35,172  
Additions to long-lived assets 1,898 2,209 5,404 12,395  
Transfers from non-operating properties 239 4,806 5,149 23,428  
Segment assets 607,332 618,618 607,332 618,618  
Reportable segments | Defense/IT Portfolio | NoVA Defense/IT          
Segment financial information for real estate operations          
Revenues from real estate operations 25,066 22,343 74,706 67,523  
Other segment items          
Property operating expenses (9,613) (8,891) (29,305) (27,838)  
UJV NOI allocable to COPT Defense 0 0 0 0  
Total other segment items (9,613) (8,891) (29,305) (27,838)  
NOI 15,453 13,452 45,401 39,685  
Additions to long-lived assets 7,392 7,061 10,970 12,880  
Transfers from non-operating properties 59 26 890 42  
Segment assets 555,757 491,051 555,757 491,051  
Reportable segments | Defense/IT Portfolio | Lackland Air Force Base          
Segment financial information for real estate operations          
Revenues from real estate operations 20,661 18,555 58,567 52,440  
Other segment items          
Property operating expenses (11,050) (10,245) (29,897) (28,485)  
UJV NOI allocable to COPT Defense 0 0 0 0  
Total other segment items (11,050) (10,245) (29,897) (28,485)  
NOI 9,611 8,310 28,670 23,955  
Additions to long-lived assets (72) 7 263 224  
Transfers from non-operating properties 249 0 249 0  
Segment assets 192,003 193,734 192,003 193,734  
Reportable segments | Defense/IT Portfolio | Navy Support          
Segment financial information for real estate operations          
Revenues from real estate operations 9,756 8,727 28,271 24,945  
Other segment items          
Property operating expenses (4,588) (4,016) (13,051) (12,038)  
UJV NOI allocable to COPT Defense 0 0 0 0  
Total other segment items (4,588) (4,016) (13,051) (12,038)  
NOI 5,168 4,711 15,220 12,907  
Additions to long-lived assets 1,934 5,962 5,482 12,374  
Transfers from non-operating properties 0 0 0 2  
Segment assets 168,948 167,810 168,948 167,810  
Reportable segments | Defense/IT Portfolio | Data Center Shells          
Segment financial information for real estate operations          
Revenues from real estate operations 15,245 10,715 45,867 32,224  
Other segment items          
Property operating expenses (3,165) (1,701) (9,753) (5,337)  
UJV NOI allocable to COPT Defense 2,212 1,864 6,318 5,623  
Total other segment items (953) 163 (3,435) 286  
NOI 14,292 10,878 42,432 32,510  
Additions to long-lived assets 0 0 0 0  
Transfers from non-operating properties 1,770 1,215 24,000 10,481  
Segment assets 594,165 473,277 594,165 473,277  
Reportable segments | Other          
Segment financial information for real estate operations          
Revenues from real estate operations 18,717 18,737 57,009 55,655  
Other segment items          
Property operating expenses (10,488) (9,776) (31,937) (28,605)  
UJV NOI allocable to COPT Defense 0 0 0 0  
Total other segment items (10,488) (9,776) (31,937) (28,605)  
NOI 8,229 8,961 25,072 27,050  
Additions to long-lived assets 5,249 2,866 17,106 8,228  
Transfers from non-operating properties 3 142 688 5,141  
Segment assets $ 331,248 $ 315,621 $ 331,248 $ 315,621