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: 117,149 shares and 160,160 shares for the nine months ended September 30, 2014 and 2015, respectively) |
0
|
|
1
|
1,544
|
|
|
(1,545)
|
|
|
|
|
|
|
|
|
| Costs associated with common shares issued to the public |
$ (7)
|
|
|
(7)
|
|
|
|
(7)
|
$ (7)
|
|
|
|
|
|
|
| Exercise of share options (in units/shares) |
57,888
|
|
|
|
|
|
|
|
57,888
|
|
|
|
|
|
|
| Exercise of share options (COPT: 57,888 shares and 76,474 shares for the nine months ended September 30, 2014 and 2015, respectively) |
$ 1,359
|
|
0
|
1,359
|
|
|
|
1,359
|
$ 1,359
|
|
|
|
|
|
|
| Share-based compensation issuance, net of redemptions (in units/shares) |
142,182
|
|
|
|
|
|
|
|
142,182
|
|
|
|
|
|
|
| Share-based compensation issuance, net of redemptions (COPT: 142,182 and 151,511 shares issued, net of redemptions for the nine months ended September 30, 2014 and 2015, respectively) |
$ 5,249
|
|
2
|
5,247
|
|
|
|
5,249
|
$ 5,249
|
|
|
|
|
|
|
| Redemption of vested equity awards (in units/shares) |
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
|
| Redemption of vested equity awards |
(1,389)
|
|
|
(1,389)
|
|
|
|
(1,389)
|
$ (1,389)
|
|
|
|
|
|
|
| Adjustments to noncontrolling interests resulting from changes in ownership of COPLP |
0
|
|
|
(248)
|
|
|
248
|
|
|
|
|
|
|
|
|
| Comprehensive income |
35,055
|
|
|
|
35,351
|
(2,609)
|
2,313
|
35,055
|
23,916
|
(2,726)
|
983
|
|
$ 495
|
|
12,387
|
| Dividends / Distributions to owners of common and preferred units |
(84,692)
|
|
|
|
(84,692)
|
|
|
(88,402)
|
(75,520)
|
|
|
|
$ (495)
|
|
$ (12,387)
|
| Distributions to owners of common and preferred units in COPLP |
(3,710)
|
|
|
|
|
|
(3,710)
|
|
|
|
|
|
|
|
|
| Distributions to noncontrolling interests in subsidiaries |
(1,606)
|
|
|
|
|
|
(1,606)
|
(1,606)
|
|
|
(1,606)
|
|
|
|
|
| Contributions from noncontrolling interests in subsidiaries |
3
|
|
|
0
|
|
|
3
|
3
|
|
|
3
|
|
|
|
|
| Adjustment to arrive at fair value of redeemable noncontrolling interest |
$ (7)
|
|
|
(7)
|
|
|
|
(7)
|
$ (7)
|
|
|
|
|
|
|
| Balance (in units/ shares) at Sep. 30, 2014 |
87,711,731
|
|
|
|
|
|
|
|
91,572,282
|
|
|
|
|
|
|
| Balance (preferred units) at Sep. 30, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
352,000
|
|
7,431,667
|
| Balance (COPT: 87,711,731 shares and 94,533,670 shares as of September 30, 2014 and 2015, respectively) at Sep. 30, 2014 |
$ 1,397,504
|
199,083
|
877
|
1,822,283
|
(692,978)
|
871
|
67,368
|
1,397,504
|
$ 1,179,919
|
879
|
8,823
|
|
$ 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: 117,149 shares and 160,160 shares for the nine months ended September 30, 2014 and 2015, respectively) |
$ 0
|
|
2
|
2,149
|
|
|
(2,151)
|
|
|
|
|
|
|
|
|
| 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 nine months ended September 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: 57,888 shares and 76,474 shares for the nine months ended September 30, 2014 and 2015, respectively) |
$ 2,008
|
|
|
2,008
|
|
|
|
2,008
|
$ 2,008
|
|
|
|
|
|
|
| Share-based compensation issuance, net of redemptions (in units/shares) |
151,511
|
|
|
|
|
|
|
|
151,511
|
|
|
|
|
|
|
| Share-based compensation issuance, net of redemptions (COPT: 142,182 and 151,511 shares issued, net of redemptions for the nine months ended September 30, 2014 and 2015, respectively) |
$ 5,600
|
|
1
|
5,599
|
|
|
|
5,600
|
$ 5,600
|
|
|
|
|
|
|
| Redemption of vested equity awards (in units/shares) |
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
|
| Redemption of vested equity awards |
(2,330)
|
|
|
(2,330)
|
|
|
|
(2,330)
|
$ (2,330)
|
|
|
|
|
|
|
| Adjustments to noncontrolling interests resulting from changes in ownership of COPLP |
0
|
|
|
(591)
|
|
|
591
|
|
|
|
|
|
|
|
|
| Comprehensive income |
120,044
|
|
|
|
118,936
|
(4,526)
|
5,634
|
120,044
|
112,507
|
(4,705)
|
1,090
|
|
$ 495
|
|
$ 10,657
|
| Dividends / Distributions to owners of common and preferred units |
(88,658)
|
|
|
|
(88,658)
|
|
|
(92,188)
|
(81,036)
|
|
|
|
$ (495)
|
|
$ (10,657)
|
| Distributions to owners of common and preferred units in COPLP |
(3,530)
|
|
|
|
|
|
(3,530)
|
|
|
|
|
|
|
|
|
| Distributions to noncontrolling interests in subsidiaries |
(47)
|
|
|
|
|
|
(47)
|
(47)
|
|
|
(47)
|
|
|
|
|
| Adjustment to arrive at fair value of redeemable noncontrolling interest |
$ (599)
|
|
|
(599)
|
|
|
|
(599)
|
$ (599)
|
|
|
|
|
|
|
| Balance (in units/ shares) at Sep. 30, 2015 |
94,533,670
|
|
|
|
|
|
|
|
98,211,061.000
|
|
|
3,677,391
|
|
94,533,670
|
|
| Balance (preferred units) at Sep. 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
352,000
|
352,000
|
7,431,667
|
7,431,667
|
| Balance (COPT: 87,711,731 shares and 94,533,670 shares as of September 30, 2014 and 2015, respectively) at Sep. 30, 2015 |
$ 1,579,907
|
$ 199,083
|
$ 945
|
$ 2,002,730
|
$ (686,986)
|
$ (5,823)
|
$ 69,958
|
$ 1,579,907
|
$ 1,367,904
|
$ (6,086)
|
$ 10,206
|
|
$ 8,800
|
|
$ 199,083
|