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
Jun. 30, 2014
Dec. 31, 2013
Properties, net:    
Operating properties, net $ 2,724,242 $ 2,702,693
Projects in development or held for future development 530,000 511,608
Total properties, net 3,254,242 3,214,301
Assets held for sale, net 22,868 0
Cash and cash equivalents 76,216 54,373
Restricted cash and marketable securities 11,689 11,448
Accounts receivable (net of allowance for doubtful accounts of $2,282 and $2,976, respectively) 30,911 27,000
Deferred rent receivable (net of allowance of $1,491 and $2,126, respectively) 93,270 89,456
Intangible assets on real estate acquisitions, net 51,645 59,258
Deferred leasing and financing costs, net 65,251 66,267
Mortgage and other investing receivables 56,549 53,663
Prepaid expenses and other assets 46,859 54,186
Total assets 3,709,500 3,629,952
Liabilities:    
Debt, net 2,099,343 1,927,703
Accounts payable and accrued expenses 105,205 98,785
Rents received in advance and security deposits 27,520 31,492
Dividends and distributions payable 28,342 29,080
Deferred revenue associated with operating leases 12,355 10,369
Interest rate derivatives 3,236 3,309
Other liabilities 14,818 14,207
Total liabilities 2,290,819 2,114,945
Commitments and contingencies (Note 17)      
Redeemable noncontrolling interest 18,901 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; issued and outstanding of 7,431,667 at June 30, 2014 and 9,431,667 at December 31, 2013) 199,083 249,083
Common Shares of beneficial interest 877 874
Additional paid-in capital 1,819,436 1,814,015
Cumulative distributions in excess of net income (688,033) (641,868)
Accumulated other comprehensive (loss) income (761) 3,480
Total Corporate Office Properties Trust’s shareholders’ equity 1,330,602 1,425,584
Noncontrolling interests in subsidiaries:    
Common units in COPLP 50,323 53,468
Preferred units in COPLP 8,800 8,800
Other consolidated entities 10,055 9,397
Noncontrolling interests in subsidiaries 69,178 71,665
Total equity 1,399,780 1,497,249
Total liabilities, redeemable noncontrolling interest and equity 3,709,500 3,629,952
Corporate Office Properties, L.P.
    
Properties, net:    
Operating properties, net 2,724,242 2,702,693
Projects in development or held for future development 530,000 511,608
Total properties, net 3,254,242 3,214,301
Assets held for sale, net 22,868 0
Cash and cash equivalents 76,216 54,373
Restricted cash and marketable securities 4,068 3,981
Accounts receivable (net of allowance for doubtful accounts of $2,282 and $2,976, respectively) 30,911 27,000
Deferred rent receivable (net of allowance of $1,491 and $2,126, respectively) 93,270 89,456
Intangible assets on real estate acquisitions, net 51,645 59,258
Deferred leasing and financing costs, net 65,251 66,267
Mortgage and other investing receivables 56,549 53,663
Prepaid expenses and other assets 46,859 54,186
Total assets 3,701,879 3,622,485
Liabilities:    
Debt, net 2,099,343 1,927,703
Accounts payable and accrued expenses 105,205 98,785
Rents received in advance and security deposits 27,520 31,492
Dividends and distributions payable 28,342 29,080
Deferred revenue associated with operating leases 12,355 10,369
Interest rate derivatives 3,236 3,309
Other liabilities 7,197 6,740
Total liabilities 2,283,198 2,107,478
Commitments and contingencies (Note 17)      
Redeemable noncontrolling interest 18,901 17,758
Corporate Office Properties Trust’s shareholders’ equity:    
Common Shares of beneficial interest 1,182,635 1,226,318
Accumulated other comprehensive (loss) income (825) 3,605
Total Corporate Office Properties Trust’s shareholders’ equity 1,389,693 1,487,806
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in subsidiaries 10,087 9,443
Total equity 1,399,780 1,497,249
Total liabilities, redeemable noncontrolling interest and equity 3,701,879 3,622,485
General Partner | Corporate Office Properties, L.P.
    
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred partners' capital accounts 199,083 249,083
Limited Partner | Corporate Office Properties, L.P.
    
Corporate Office Properties Trust’s shareholders’ equity:    
Preferred partners' capital accounts $ 8,800 $ 8,800