Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Details)

v3.2.0.727
Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Numerator:        
Income from continuing operations $ 16,839 $ 9,248 $ 27,826 $ 14,908
Gain on sales of real estate, net (1) 0 3,985 0
Preferred share/unit dividends/distributions (3,553) (4,344) (7,105) (8,834)
Issuance costs associated with redeemed preferred shares/unit 0 (1,769) 0 (1,769)
Income from continuing operations attributable to noncontrolling interests (1,436) (1,171) (2,828) (2,103)
Income from continuing operations attributable to share-based compensation awards (113) (108) (235) (229)
Numerator for basic and diluted EPS from continuing operations attributable to COPT common shareholders 11,736 1,856 21,643 1,973
Discontinued operations 394 (198) 156 (187)
Discontinued operations attributable to noncontrolling interests (15) 11 (3) 13
Numerator for basic and diluted EPS on net income attributable to COPT common shareholders $ 12,115 $ 1,669 $ 21,796 $ 1,799
Denominator (all weighted averages):        
Denominator for basic EPS (common shares) 94,128 87,214 93,666 87,148
Dilutive effect of share-based compensation awards 35 201 114 156
Denominator for diluted EPS (common shares) 94,163 87,415 93,780 87,304
Basic EPS:        
Income from continuing operations (in dollars per share/unit) [1] $ 0.13 $ 0.02 $ 0.23 $ 0.02
Discontinued operations (in dollars per share/unit) [1] 0.00 0.00 0.00 0.00
Net income attributable to COPT common shareholders (in dollars per share/unit) [1] 0.13 0.02 0.23 0.02
Diluted EPS:        
Income from continuing operations (in dollars per share/unit) [1] 0.13 0.02 0.23 0.02
Discontinued operations (in dollars per share/unit) [1] 0.00 0.00 0.00 0.00
Net income attributable to COPT common shareholders (in dollars per share/unit) [1] $ 0.13 $ 0.02 $ 0.23 $ 0.02
Corporate Office Properties, L.P.        
Numerator:        
Income from continuing operations $ 16,839 $ 9,248 $ 27,826 $ 14,908
Gain on sales of real estate, net (1) 0 3,985 0
Preferred share/unit dividends/distributions (3,718) (4,509) (7,435) (9,164)
Issuance costs associated with redeemed preferred shares/unit 0 (1,769) 0 (1,769)
Income from continuing operations attributable to noncontrolling interests (812) (840) (1,633) (1,579)
Income from continuing operations attributable to share-based compensation awards (113) (108) (235) (229)
Numerator for basic and diluted EPS from continuing operations attributable to COPT common shareholders 12,195 2,022 22,508 2,167
Discontinued operations 394 (198) 156 (187)
Discontinued operations attributable to noncontrolling interests 0 3 3 5
Numerator for basic and diluted EPS on net income attributable to COPT common shareholders $ 12,589 $ 1,827 $ 22,667 $ 1,985
Denominator (all weighted averages):        
Denominator for basic EPS (common shares) 97,808 91,126 97,372 91,082
Dilutive effect of share-based compensation awards 35 201 114 156
Denominator for diluted EPS (common shares) 97,843 91,327 97,486 91,238
Basic EPS:        
Income from continuing operations (in dollars per share/unit) [2] $ 0.13 $ 0.02 $ 0.23 $ 0.02
Discontinued operations (in dollars per share/unit) [2] 0.00 0.00 0.00 0.00
Net income attributable to COPT common shareholders (in dollars per share/unit) [2] 0.13 0.02 0.23 0.02
Diluted EPS:        
Income from continuing operations (in dollars per share/unit) [2] 0.13 0.02 0.23 0.02
Discontinued operations (in dollars per share/unit) [2] 0.00 0.00 0.00 0.00
Net income attributable to COPT common shareholders (in dollars per share/unit) [2] $ 0.13 $ 0.02 $ 0.23 $ 0.02
[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.