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
Sep. 30, 2014
Dec. 31, 2013
Properties, net:    
Operating properties, net $ 2,757,207 $ 2,702,693
Projects in development or held for future development 513,949 511,608
Total properties, net 3,271,156 3,214,301
Cash and cash equivalents 40,018 54,373
Restricted cash and marketable securities 14,371 11,448
Accounts receivable (net of allowance for doubtful accounts of $750 and $2,976, respectively) 20,180 27,000
Deferred rent receivable (net of allowance of $1,426 and $2,126, respectively) 95,405 89,456
Intangible assets on real estate acquisitions, net 48,300 59,258
Deferred leasing and financing costs, net 65,009 66,267
Mortgage and other investing receivables 50,886 53,663
Prepaid expenses and other assets 74,863 54,186
Total assets 3,680,188 3,629,952
Liabilities:    
Debt, net 2,049,992 1,927,703
Accounts payable and accrued expenses 123,893 98,785
Rents received in advance and security deposits 33,075 31,492
Dividends and distributions payable 28,344 29,080
Deferred revenue associated with operating leases 13,420 10,369
Interest rate derivatives 2,236 3,309
Other liabilities 13,288 14,207
Total liabilities 2,264,248 2,114,945
Commitments and contingencies (Note 17)      
Redeemable noncontrolling interest 18,436 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 September 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 1,822,283 1,814,015
Cumulative distributions in excess of net income (692,978) (641,868)
Accumulated other comprehensive income 871 3,480
Total Corporate Office Properties Trust’s shareholders’ equity 1,330,136 1,425,584
Noncontrolling interests in subsidiaries:    
Common units in COPLP 49,781 53,468
Preferred units in COPLP 8,800 8,800
Other consolidated entities 8,787 9,397
Noncontrolling interests in subsidiaries 67,368 71,665
Total equity 1,397,504 1,497,249
Total liabilities, redeemable noncontrolling interest and equity 3,680,188 3,629,952
Corporate Office Properties, L.P.
    
Properties, net:    
Operating properties, net 2,757,207 2,702,693
Projects in development or held for future development 513,949 511,608
Total properties, net 3,271,156 3,214,301
Cash and cash equivalents 40,018 54,373
Restricted cash and marketable securities 6,871 3,981
Accounts receivable (net of allowance for doubtful accounts of $750 and $2,976, respectively) 20,180 27,000
Deferred rent receivable (net of allowance of $1,426 and $2,126, respectively) 95,405 89,456
Intangible assets on real estate acquisitions, net 48,300 59,258
Deferred leasing and financing costs, net 65,009 66,267
Mortgage and other investing receivables 50,886 53,663
Prepaid expenses and other assets 74,863 54,186
Total assets 3,672,688 3,622,485
Liabilities:    
Debt, net 2,049,992 1,927,703
Accounts payable and accrued expenses 123,893 98,785
Rents received in advance and security deposits 33,075 31,492
Dividends and distributions payable 28,344 29,080
Deferred revenue associated with operating leases 13,420 10,369
Interest rate derivatives 2,236 3,309
Other liabilities 5,788 6,740
Total liabilities 2,256,748 2,107,478
Commitments and contingencies (Note 17)      
Redeemable noncontrolling interest 18,436 17,758
Corporate Office Properties Trust’s shareholders’ equity:    
Common Shares of beneficial interest 1,179,919 1,226,318
Accumulated other comprehensive income 879 3,605
Total Corporate Office Properties Trust’s shareholders’ equity 1,388,681 1,487,806
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in subsidiaries 8,823 9,443
Total equity 1,397,504 1,497,249
Total liabilities, redeemable noncontrolling interest and equity 3,672,688 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