Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity

v3.2.0.727
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Preferred Shares
Common Shares
Additional Paid-in Capital
Cumulative Distributions in Excess of Net Income
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Corporate Office Properties, L.P.
Corporate Office Properties, L.P.
Common Shares
Corporate Office Properties, L.P.
Accumulated Other Comprehensive Income (Loss)
Corporate Office Properties, L.P.
Noncontrolling Interests
Corporate Office Properties, L.P.
Limited Partner
Corporate Office Properties, L.P.
Limited Partner
Preferred Shares
Corporate Office Properties, L.P.
General Partner
Corporate Office Properties, L.P.
General Partner
Preferred Shares
Balance (COPT: 87,394,512 shares and 93,255,284 shares as of December 31, 2013 and 2014, respectively) at Dec. 31, 2013 $ 1,497,249 $ 249,083 $ 874 $ 1,814,015 $ (641,868) $ 3,480 $ 71,665 $ 1,497,249 $ 1,226,318 $ 3,605 $ 9,443   $ 8,800   $ 249,083
Balance (preferred units) at Dec. 31, 2013                         352,000   9,431,667
Balance (in units/ shares) at Dec. 31, 2013 87,394,512               91,372,212            
Increase (Decrease) in Shareholders' Equity                              
Redemption of preferred shares (in units/shares)                             (2,000,000)
Redemption of preferred shares (in units/shares) (2,000,000 shares) $ (50,000) (50,000)   1,769 (1,769)     (50,000)             $ (50,000)
Conversion of common units to common shares (COPT: 78,498 shares and 158,000 shares for the six months ended June 30, 2014 and 2015, respectively) 0   0 1,047     (1,047)                
Shares issued to the public (in units/ shares)                 0            
Costs associated with common shares issued to the public $ (7)   0 (7)       (7) $ (7)            
Exercise of share options (in units/shares) 51,289               51,289            
Exercise of share options (COPT: 51,289 shares and 76,474 shares for the six months ended June 30, 2014 and 2015, respectively) $ 1,185   0 1,185       1,185 $ 1,185            
Share-based compensation issuance, net of redemptions (in units/shares) 144,009               144,009            
Share-based compensation issuance, net of redemptions (COPT: 144,009 and 149,619 shares issued, net of redemptions for the six months ended June 30, 2014 and 2015, respectively) $ 3,545   3 3,542       3,545 $ 3,545            
Redemption of vested equity awards (in units/shares)                 0            
Redemption of vested equity awards (1,326)     (1,326)       (1,326) $ (1,326)            
Adjustments to noncontrolling interests resulting from changes in ownership of COPLP 0     (72)     72                
Comprehensive income 9,366       12,631 (4,241) 976 9,366 3,983 (4,430) 649   $ 330   8,834
Dividends / Distributions to owners of common and preferred units (57,027)       (57,027)     (59,510) (50,346)       $ (330)   $ (8,834)
Distributions to owners of common and preferred units in COPLP (2,483)           (2,483)                
Distributions to noncontrolling interests in subsidiaries (8)           (8) (8)     (8)        
Contributions from noncontrolling interests in subsidiaries 3     0     3 3     3        
Adjustment to arrive at fair value of redeemable noncontrolling interest $ (717)     (717)       (717) $ (717)            
Balance (in units/ shares) at Jun. 30, 2014 87,668,308               91,567,510            
Balance (preferred units) at Jun. 30, 2014                         352,000   7,431,667
Balance (COPT: 87,668,308 shares and 94,529,618 shares as of June 30, 2014 and 2015, respectively) at Jun. 30, 2014 $ 1,399,780 199,083 877 1,819,436 (688,033) (761) 69,178 1,399,780 $ 1,182,635 (825) 10,087   $ 8,800   $ 199,083
Balance (COPT: 87,394,512 shares and 93,255,284 shares as of December 31, 2013 and 2014, respectively) at Dec. 31, 2014 $ 1,520,884 199,083 933 1,969,968 (717,264) (1,297) 69,461 1,520,884 $ 1,305,219 (1,381) 9,163   $ 8,800   $ 199,083
Balance (preferred units) at Dec. 31, 2014                       352,000 352,000 7,431,667 7,431,667
Balance (in units/ shares) at Dec. 31, 2014 93,255,284               97,092,835     3,837,551   93,255,284  
Increase (Decrease) in Shareholders' Equity                              
Conversion of common units to common shares (COPT: 78,498 shares and 158,000 shares for the six months ended June 30, 2014 and 2015, respectively) $ 0   $ 2 2,120     (2,122)                
Shares issued to the public (in units/ shares)     890,241           890,241            
Issuance of common units resulting from common shares issued under at-the-market program (in units)                 890,241            
Issuance of common units resulting from common shares issued under at-the-market program (COPT: 890,241 shares for the six months ended June 30, 2015) $ 26,535   $ 9 26,526       26,535 $ 26,535            
Exercise of share options (in units/shares) 76,474               76,474            
Exercise of share options (COPT: 51,289 shares and 76,474 shares for the six months ended June 30, 2014 and 2015, respectively) $ 2,008     2,008       2,008 $ 2,008            
Share-based compensation issuance, net of redemptions (in units/shares) 149,619               149,619            
Share-based compensation issuance, net of redemptions (COPT: 144,009 and 149,619 shares issued, net of redemptions for the six months ended June 30, 2014 and 2015, respectively) $ 3,658   2 3,656       3,658 $ 3,658            
Redemption of vested equity awards (in units/shares)                 0            
Redemption of vested equity awards (2,245)     (2,245)       (2,245) $ (2,245)            
Adjustments to noncontrolling interests resulting from changes in ownership of COPLP 0     (519)     519                
Comprehensive income 29,020       29,136 (1,844) 1,728 29,020 22,902 (1,919) 602   $ 330   $ 7,105
Dividends / Distributions to owners of common and preferred units (59,106)       (59,106)     (61,460) (54,025)       $ (330)   $ (7,105)
Distributions to owners of common and preferred units in COPLP (2,354)           (2,354)                
Distributions to noncontrolling interests in subsidiaries (28)           (28) (28)     (28)        
Adjustment to arrive at fair value of redeemable noncontrolling interest $ (739)     (739)       (739) $ (739)            
Balance (in units/ shares) at Jun. 30, 2015 94,529,618               98,209,169.000     3,679,551   94,529,618  
Balance (preferred units) at Jun. 30, 2015                       352,000 352,000 7,431,667 7,431,667
Balance (COPT: 87,668,308 shares and 94,529,618 shares as of June 30, 2014 and 2015, respectively) at Jun. 30, 2015 $ 1,517,633 $ 199,083 $ 946 $ 2,000,775 $ (747,234) $ (3,141) $ 67,204 $ 1,517,633 $ 1,303,313 $ (3,300) $ 9,737   $ 8,800   $ 199,083