COPT Defense Properties Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Tenant recoveries and other real estate operations revenue

Construction contract and other service revenues

Property operating expenses

Depreciation and amortization associated with real estate operations

Construction contract and other service expenses

Impairment losses

General, administrative and leasing expenses

Business development expenses and land carry costs

Total operating expenses

Operating income

Interest expense

Interest and other income

Loss on early extinguishment of debt

Income from continuing operations before equity in income (loss) of unconsolidated entities and income taxes

Equity in income (loss) of unconsolidated entities

Income tax expense

Income from continuing operations

Discontinued operations

26

Income before gain on sales of real estate

Gain on sales of real estate, net of income taxes

21

Net (income) loss attributable to noncontrolling interests:

Common units in COPLP

87

Preferred units in COPLP

Other consolidated entities

Preferred share/ unit dividends/ distributions

Issuance costs associated with redeemed preferred shares

Net income (loss) attributable to COPT common shareholders

Net income attributable to COPT:

Income from continuing operations

Discontinued operations, net

30

Basic earnings per common share

Income (loss) from continuing operations (in dollars per share/unit)

^[1]

^[1]

^[1]

Discontinued operations (in dollars per share/unit)

^[1]

^[1]

^[1]

Net income (loss) attributable to COPT common shareholders (in dollars per share/unit)

^[1]

^[1]

^[1]

Diluted earnings per common share

Income (loss) from continuing operations (in dollars per share/unit)

^[1]

^[1]

^[1]

Discontinued operations (in dollars per share/unit)

^[1]

^[1]

^[1]

Net income (loss) attributable to COPT common shareholders (in dollars per share/unit)

^[1]

^[1]

^[1]

Corporate Office Properties, L.P.

Tenant recoveries and other real estate operations revenue

Construction contract and other service revenues

Property operating expenses

Depreciation and amortization associated with real estate operations

Construction contract and other service expenses

Impairment losses

General, administrative and leasing expenses

Business development expenses and land carry costs

Total operating expenses

Operating income

Interest expense

Interest and other income

Loss on early extinguishment of debt

Income from continuing operations before equity in income (loss) of unconsolidated entities and income taxes

Equity in income (loss) of unconsolidated entities

Income tax expense

Income from continuing operations

Discontinued operations

26

Income before gain on sales of real estate

Gain on sales of real estate, net of income taxes

21

Net (income) loss attributable to noncontrolling interests in consolidated entities

Net (income) loss attributable to noncontrolling interests:

Preferred share/ unit dividends/ distributions

Issuance costs associated with redeemed preferred shares

Net income (loss) attributable to COPT common shareholders

Net income attributable to COPT:

Income from continuing operations

Discontinued operations, net

31

Basic earnings per common share

Income (loss) from continuing operations (in dollars per share/unit)

^[2]

^[2]

^[2]

Discontinued operations (in dollars per share/unit)

^[2]

^[2]

^[2]

Net income (loss) attributable to COPT common shareholders (in dollars per share/unit)

^[2]

^[2]

^[2]

Diluted earnings per common share

Income (loss) from continuing operations (in dollars per share/unit)

^[2]

^[2]

^[2]

Discontinued operations (in dollars per share/unit)

^[2]

^[2]

^[2]

Net income (loss) attributable to COPT common shareholders (in dollars per share/unit)

^[2]

^[2]

^[2]

[1]	Basic and diluted earnings per common share are calculated based on amounts attributable to common shareholders of Corporate Office Properties Trust.
[2]	Basic and diluted earnings per common unit are calculated based on amounts attributable to common unitholders of Corporate Office Properties, L.P.