Quarterly report pursuant to Section 13 or 15(d)

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

v3.3.0.814
Earnings Per Share ("EPS") and Earnings Per Unit ("EPU") (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Numerator:        
Income from continuing operations $ 94,279 $ 13,727 $ 122,105 $ 28,635
Gain on sales of real estate, net 15 10,630 4,000 10,630
Preferred share/unit dividends/distributions (3,552) (3,553) (10,657) (12,387)
Issuance costs associated with redeemed preferred shares/unit 0 0 0 (1,769)
Income from continuing operations attributable to noncontrolling interests (4,494) (1,820) (7,322) (3,923)
Income from continuing operations attributable to share-based compensation awards (369) (103) (475) (332)
Numerator for basic EPS from continuing operations attributable to COPT common shareholders 85,879 18,881 107,651 20,854
Convertible preferred shares/units 372 0 0 0
Dilutive effect of common shares/units in COPT on diluted EPS from continuing operations 0 0 4,225 0
Numerator for diluted EPS from continuing operations attributable to COPT common shareholders 86,251 18,881 111,876 20,854
Discontinued operations 0 191 156 4
Discontinued operations attributable to noncontrolling interests 0 (8) (3) 5
Numerator for basic EPS on net income attributable to COPT common shareholders 85,879 19,064 107,804 20,863
Dilutive effect of common shares/units in COPT 0   4,231 0
Numerator for diluted EPS on net income attributable to COPT common shareholders $ 86,251 $ 19,064 $ 112,035 $ 20,863
Denominator (all weighted averages):        
Denominator for basic EPS (common shares) 94,153 87,290 93,830 87,196
Convertible preferred shares (shares) 434 0 0 0
Dilutive effect of common units (shares) 0   3,697 0
Dilutive effect of share-based compensation awards (shares) 21 195 82 169
Denominator for diluted EPS (common shares) 94,608 87,485 97,609 87,365
Basic EPS:        
Income from continuing operations (in dollars per share/unit) [1] $ 0.91 $ 0.22 $ 1.15 $ 0.24
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] 0.91 0.22 1.15 0.24
Diluted EPS:        
Income from continuing operations (in dollars per share/unit) [1] 0.91 0.22 1.15 0.24
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] $ 0.91 $ 0.22 $ 1.15 $ 0.24
Corporate Office Properties, L.P.        
Numerator:        
Income from continuing operations $ 94,279 $ 13,727 $ 122,105 $ 28,635
Gain on sales of real estate, net 15 10,630 4,000 10,630
Preferred share/unit dividends/distributions (3,717) (3,718) (11,152) (12,882)
Issuance costs associated with redeemed preferred shares/unit 0 0 0 (1,769)
Income from continuing operations attributable to noncontrolling interests (972) (897) (2,605) (2,476)
Income from continuing operations attributable to share-based compensation awards (369) (103) (475) (332)
Numerator for basic EPS from continuing operations attributable to COPT common shareholders 89,236 19,639 111,873 21,806
Convertible preferred shares/units 372 0 0 0
Numerator for diluted EPS from continuing operations attributable to COPT common shareholders 89,608 19,639 111,873 21,806
Discontinued operations 0 191 156 4
Discontinued operations attributable to noncontrolling interests 0 0 3 5
Numerator for basic EPS on net income attributable to COPT common shareholders 89,236 19,830 112,032 21,815
Numerator for diluted EPS on net income attributable to COPT common shareholders $ 89,608 $ 19,830 $ 112,032 $ 21,815
Denominator (all weighted averages):        
Denominator for basic EPS (common shares) 97,832 91,166 97,527 91,111
Convertible preferred shares (shares) 434 0 0 0
Dilutive effect of share-based compensation awards (shares) 21 195 82 169
Denominator for diluted EPS (common shares) 98,287 91,361 97,609 91,280
Basic EPS:        
Income from continuing operations (in dollars per share/unit) [2] $ 0.91 $ 0.22 $ 1.15 $ 0.24
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] 0.91 0.22 1.15 0.24
Diluted EPS:        
Income from continuing operations (in dollars per share/unit) [2] 0.91 0.22 1.15 0.24
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] $ 0.91 $ 0.22 $ 1.15 $ 0.24
[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.