2014 Q4 Form 10-Q Financial Statement

#000086054614000043 Filed on October 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $147.0M $153.0M $131.8M
YoY Change 14.11% 16.09% 5.39%
Cost Of Revenue $68.00M $33.59M $16.31M
YoY Change 43.16% 106.02% 13.16%
Gross Profit $78.90M $119.4M $115.5M
YoY Change 14.85% 3.39% 4.38%
Gross Profit Margin 53.68% 78.05% 87.63%
Selling, General & Admin $8.900M $7.211M $8.027M
YoY Change 5.95% -10.17% 25.87%
% of Gross Profit 11.28% 6.04% 6.95%
Research & Development $1.500M $1.400M $1.400M
YoY Change 7.14% 0.0% -12.5%
% of Gross Profit 1.9% 1.17% 1.21%
Depreciation & Amortization $31.90M $30.80M $29.80M
YoY Change 0.31% 3.36% -4.49%
% of Gross Profit 40.43% 25.79% 25.8%
Operating Expenses $41.70M $7.211M $8.027M
YoY Change 13.62% -10.17% 25.87%
Operating Profit $37.15M $37.42M $30.67M
YoY Change 6.62% 22.0% -382.86%
Interest Expense -$22.10M -$23.40M -$19.30M
YoY Change 78.23% 21.24% -13.84%
% of Operating Profit -59.49% -62.53% -62.92%
Other Income/Expense, Net
YoY Change
Pretax Income $5.900M $13.64M $10.95M
YoY Change -80.33% 24.48% -134.38%
Income Tax $100.0K $101.0K $24.00K
% Of Pretax Income 1.69% 0.74% 0.22%
Net Earnings $4.904M $22.72M -$2.964M
YoY Change -94.36% -866.53% -84.53%
Net Earnings / Revenue 3.34% 14.85% -2.25%
Basic Earnings Per Share $0.01 $0.22 -$0.09
Diluted Earnings Per Share $0.01 $0.22 -$0.09
COMMON SHARES
Basic Shares Outstanding 87.71M shares 87.29M shares 86.76M shares
Diluted Shares Outstanding 87.49M shares 86.76M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.100M $40.00M $27.30M
YoY Change -88.79% 46.52% 446.0%
Cash & Equivalents $6.077M $40.02M $27.32M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $14.30M $134.0M
Prepaid Expenses
Receivables $30.70M $20.20M $17.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $51.10M $60.20M $179.0M
YoY Change -37.22% -66.37% -28.74%
LONG-TERM ASSETS
Property, Plant & Equipment $6.637M $6.527M $6.705M
YoY Change 1.24% -2.65% -22.55%
Goodwill
YoY Change
Intangibles $43.85M $48.30M $64.37M
YoY Change -25.99% -24.97% -20.59%
Long-Term Investments $2.368M $2.240M $4.928M
YoY Change 4.87% -54.55%
Other Assets $92.40M $107.9M $107.7M
YoY Change -8.79% 0.19% 35.13%
Total Long-Term Assets $3.613B $3.620B $3.577B
YoY Change 1.82% 1.21% 6.88%
TOTAL ASSETS
Total Short-Term Assets $51.10M $60.20M $179.0M
Total Long-Term Assets $3.613B $3.620B $3.577B
Total Assets $3.664B $3.680B $3.756B
YoY Change 0.94% -2.01% 4.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $123.0M $123.9M $85.30M
YoY Change 24.49% 45.25% -2.4%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $183.9M $185.3M $142.9M
YoY Change 15.37% 29.67% 1.28%
LONG-TERM LIABILITIES
Long-Term Debt $1.914B $2.050B $2.135B
YoY Change -0.71% -3.98% -1.58%
Other Long-Term Liabilities $27.00M $28.90M $26.80M
YoY Change -3.23% 7.84% -27.57%
Total Long-Term Liabilities $1.941B $2.079B $2.162B
YoY Change -0.75% -3.83% -2.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $183.9M $185.3M $142.9M
Total Long-Term Liabilities $1.941B $2.079B $2.162B
Total Liabilities $2.125B $2.264B $2.305B
YoY Change 0.47% -1.76% -1.82%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $933.0K $877.0K $874.0K
YoY Change 6.75% 0.34% 21.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.451B $1.330B $1.365B
YoY Change
Total Liabilities & Shareholders Equity $3.664B $3.680B $3.756B
YoY Change 0.94% -2.01% 4.39%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $4.904M $22.72M -$2.964M
YoY Change -94.36% -866.53% -84.53%
Depreciation, Depletion And Amortization $31.90M $30.80M $29.80M
YoY Change 0.31% 3.36% -4.49%
Cash From Operating Activities $49.70M $41.20M $45.50M
YoY Change -4.42% -9.45% 63.67%
INVESTING ACTIVITIES
Capital Expenditures -$66.30M -$57.00M -$68.20M
YoY Change 15.3% -16.42% -28.66%
Acquisitions
YoY Change
Other Investing Activities -$6.200M $60.00M -$3.300M
YoY Change -104.98% -1918.18% -102.13%
Cash From Investing Activities -$72.70M $3.000M -$71.50M
YoY Change -208.51% -104.2% -220.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.90M -80.50M 44.20M
YoY Change -88.15% -282.13% -150.98%
NET CHANGE
Cash From Operating Activities 49.70M 41.20M 45.50M
Cash From Investing Activities -72.70M 3.000M -71.50M
Cash From Financing Activities -10.90M -80.50M 44.20M
Net Change In Cash -33.90M -36.30M 18.20M
YoY Change -225.56% -299.45% 5966.67%
FREE CASH FLOW
Cash From Operating Activities $49.70M $41.20M $45.50M
Capital Expenditures -$66.30M -$57.00M -$68.20M
Free Cash Flow $116.0M $98.20M $113.7M
YoY Change 5.94% -13.63% -7.86%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Prior Out of Period Adjustment</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As previously disclosed in our 2013 Annual Report on Form 10-K, during the second quarter of 2013, we identified an error related to the estimated fair value of a redeemable noncontrolling interest in a real estate joint venture. Changes in such fair value are reported as changes in equity with no impact to net income or comprehensive income. The error resulted in an understatement of the line entitled &#8220;redeemable noncontrolling interest&#8221; in the mezzanine section of our consolidated balance sheet and an overstatement of the line entitled &#8220;additional paid-in capital&#8221; in the equity section of our consolidation balance sheet of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$3.7 million</font><font style="font-family:inherit;font-size:10pt;"> as of December 31, 2012. We have determined that this adjustment was not material to our financial statements for 2012 or 2013. Accordingly, this change is reported as an out-of-period adjustment in the nine months ended September 30, 2013. </font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate Office Properties Trust (&#8220;COPT&#8221;) and subsidiaries (collectively, the &#8220;Company&#8221;) is a fully-integrated and self-managed real estate investment trust (&#8220;REIT&#8221;). Corporate Office Properties, L.P. (&#8220;COPLP&#8221;) and subsidiaries (collectively, the &#8220;Operating Partnership&#8221;) is the entity through which COPT, the sole general partner of COPLP, conducts almost all of its operations and owns almost all of its assets. Unless otherwise expressly stated or the context otherwise requires, &#8220;we&#8221;, &#8220;us&#8221; and &#8220;our&#8221; as used herein refer to each of the Company and the Operating Partnership. We focus primarily on serving the specialized requirements of United States Government agencies and defense contractors, most of whom are engaged in defense information technology and national security related activities. We generally acquire, develop, manage and lease office and data center properties concentrated in large office parks located near knowledge-based government demand drivers and/or in targeted markets or submarkets in the Greater Washington, DC/Baltimore region. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, our properties included the following:</font></div><div style="line-height:120%;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">174</font><font style="font-family:inherit;font-size:10pt;"> operating office properties totaling </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">16.9 million</font><font style="font-family:inherit;font-size:10pt;"> square feet (excluding </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> properties serving as collateral for a nonrecourse mortgage loan which is in default, as discussed further in the Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations section of this Quarterly Report on Form 10-Q);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10</font><font style="font-family:inherit;font-size:10pt;"> office properties under, or contractually committed for, construction or redevelopment that we estimate will total approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1.1 million</font><font style="font-family:inherit;font-size:10pt;"> square feet upon completion;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1,480</font><font style="font-family:inherit;font-size:10pt;"> acres of land we control that we believe are potentially developable into approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">18.7 million</font><font style="font-family:inherit;font-size:10pt;"> square feet; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">a partially operational, wholesale data center which upon completion and stabilization is expected to have a critical load of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">18</font><font style="font-family:inherit;font-size:10pt;"> megawatts.</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">COPLP owns real estate both directly and through subsidiary partnerships and limited liability companies (&#8220;LLCs&#8221;).&#160; In addition to owning real estate, COPLP also owns subsidiaries that provide real estate services such as property management and construction and development services primarily for our properties but also for third parties. Some of these services are performed by a taxable REIT subsidiary (&#8220;TRS&#8221;).</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interests in COPLP are in the form of common and preferred units. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, COPT owned </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">95.8%</font><font style="font-family:inherit;font-size:10pt;"> of the outstanding COPLP common units (&#8220;common units&#8221;) and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">95.5%</font><font style="font-family:inherit;font-size:10pt;"> of the outstanding COPLP preferred units (&#8220;preferred units&#8221;); the remaining common and preferred units in COPLP were owned by third parties. Common units in COPLP not owned by COPT carry certain redemption rights. The number of common units in COPLP owned by COPT is equivalent to the number of outstanding common shares of beneficial interest (&#8220;common shares&#8221;) of COPT, and the entitlement of all COPLP common units to quarterly distributions and payments in liquidation are substantially the same as those of COPT common shareholders. Similarly, in the case of each series of preferred units in COPLP held by COPT, there is a series of preferred shares of beneficial interest (&#8220;preferred shares&#8221;) in COPT that is equivalent in number and carries substantially the same terms as such series of COPLP preferred units. COPT&#8217;s common shares are publicly traded on the New York Stock Exchange (&#8220;NYSE&#8221;) under the ticker symbol &#8220;OFC&#8221;. </font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Because COPLP is managed by COPT, and COPT conducts substantially all of its operations through COPLP, we refer to COPT&#8217;s executive officers as COPLP&#8217;s executive officers, and although, as a partnership, COPLP does not have a board of trustees, we refer to COPT&#8217;s Board of Trustees as COPLP&#8217;s Board of Trustees.</font></div></div>
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OtherNonoperatingIncome
2949000 USD
CY2013Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
-3000 USD
CY2013Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 USD
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
1769000 USD
us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
2904000 USD
CY2014Q3 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
0 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
61599000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
70538000 USD
CY2014Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
22069000 USD
CY2013Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
20180000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
17528000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
21179000 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
10549000 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
9366000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4257000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1343000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1848000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1389000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
50000000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
84750000 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
15868000 USD
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
17754000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
104000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
23969000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
72217000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
150862000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
156820000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
69451000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3786000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
12447000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
16845000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
13179000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
694000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9001000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4111000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
3610000 USD
CY2013Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4490000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
12387000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15481000 USD
CY2014Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3553000 USD
CY2013Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
249083000 USD
CY2014Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
199083000 USD
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
7431667 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
9431667 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
9431667 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
7431667 shares
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
54186000 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
74863000 USD
CY2013Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
19308000 USD
CY2014Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
24497000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We reclassified certain amounts from prior periods to conform to the current period presentation of our consolidated financial statements with no effect on previously reported net income or equity.&#160; These reclassifications occurred in conjunction with the transfer of properties to, and from, discontinued operations during 2013.</font></div></div>
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
10278000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
144000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
157307000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1352000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
82886000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
11569000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
297342000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
592413000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
115000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
457000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-685000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2582000 USD
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
57973000 USD
CY2014Q3 us-gaap Rental Properties
RentalProperties
2757207000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
24548000 USD
us-gaap Profit Loss
ProfitLoss
8872000 USD
us-gaap Profit Loss
ProfitLoss
39269000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-2000000 USD
CY2014Q3 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
22793000 USD
CY2013Q3 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
13942000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6556000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6527000 USD
CY2014Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3271156000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3214301000 USD
CY2014Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
118240000 USD
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
124561000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
371913000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
359100000 USD
CY2013Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
17758000 USD
CY2014Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
18436000 USD
CY2013Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
17758000 USD
CY2013Q3 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
16789000 USD
CY2014Q3 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
18436000 USD
CY2012Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
10298000 USD
us-gaap Revenues
Revenues
394558000 USD
CY2013Q4 us-gaap Rental Properties
RentalProperties
2702693000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
115000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
457000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
183059000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
542532000 USD
CY2013Q3 us-gaap Revenues
Revenues
131812000 USD
us-gaap Revenues
Revenues
439502000 USD
CY2014Q3 us-gaap Revenues
Revenues
153015000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
57888 shares
ofc Acquisitionof Noncontrolling Interestin Other Consolidated Entity
AcquisitionofNoncontrollingInterestinOtherConsolidatedEntity
5194000 USD
CY2014Q3 ofc Additional Costs Incurred Related To Construction And Environmental Regulatory Activities Maximum Per Annum
AdditionalCostsIncurredRelatedToConstructionAndEnvironmentalRegulatoryActivitiesMaximumPerAnnum
300000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22430000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22882000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7211000 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8027000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4869000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4563000 USD
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
310889 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
117149 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
32756 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
117961000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1359000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
642000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
84750000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
50000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
51681 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
71523 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1389000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1848000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1425584000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
1330136000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1497249000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1397504000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1434067000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1436499000 USD
us-gaap Straight Line Rent
StraightLineRent
2738000 USD
us-gaap Straight Line Rent
StraightLineRent
7995000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87485000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87365000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86760000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84547000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86760000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87290000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84547000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87196000 shares
ofc Acquisitionof Noncontrolling Interestin Other Consolidated Entity
AcquisitionofNoncontrollingInterestinOtherConsolidatedEntity
0 USD
CY2014Q3 ofc Additional Costs Incurred Related To Construction And Environmental Regulatory Activities Percentage
AdditionalCostsIncurredRelatedToConstructionAndEnvironmentalRegulatoryActivitiesPercentage
0.5
CY2013Q4 ofc Advance Rent And Security Deposit Liability
AdvanceRentAndSecurityDepositLiability
31492000 USD
CY2014Q3 ofc Advance Rent And Security Deposit Liability
AdvanceRentAndSecurityDepositLiability
33075000 USD
CY2014Q3 ofc Allowancefor Doubtful Accounts Deferred Rent
AllowanceforDoubtfulAccountsDeferredRent
1426000 USD
CY2014Q3 ofc Disposal Group Including Discontinued Operation Property Operating Expense
DisposalGroupIncludingDiscontinuedOperationPropertyOperatingExpense
-175000 USD
ofc Disposal Group Including Discontinued Operation Property Operating Expense
DisposalGroupIncludingDiscontinuedOperationPropertyOperatingExpense
-111000 USD
CY2013Q4 ofc Allowancefor Doubtful Accounts Deferred Rent
AllowanceforDoubtfulAccountsDeferredRent
2126000 USD
ofc Business Development Expenses And Land Carry Costs
BusinessDevelopmentExpensesAndLandCarryCosts
4069000 USD
CY2014Q3 ofc Business Development Expenses And Land Carry Costs
BusinessDevelopmentExpensesAndLandCarryCosts
1430000 USD
ofc Business Development Expenses And Land Carry Costs
BusinessDevelopmentExpensesAndLandCarryCosts
4107000 USD
CY2013Q3 ofc Business Development Expenses And Land Carry Costs
BusinessDevelopmentExpensesAndLandCarryCosts
1383000 USD
ofc Comprehensive Income Loss Net Of Tax After Redeemable Noncontrolling Interest Adjustments
ComprehensiveIncomeLossNetOfTaxAfterRedeemableNoncontrollingInterestAdjustments
35055000 USD
ofc Comprehensive Income Loss Net Of Tax After Redeemable Noncontrolling Interest Adjustments
ComprehensiveIncomeLossNetOfTaxAfterRedeemableNoncontrollingInterestAdjustments
16885000 USD
ofc Construction Contract And Other Service Expenses
ConstructionContractAndOtherServiceExpenses
49165000 USD
CY2013Q3 ofc Construction Contract And Other Service Expenses
ConstructionContractAndOtherServiceExpenses
16306000 USD
CY2014Q3 ofc Construction Contract And Other Service Expenses
ConstructionContractAndOtherServiceExpenses
33593000 USD
ofc Construction Contract And Other Service Expenses
ConstructionContractAndOtherServiceExpenses
75353000 USD
ofc Construction Contract And Other Service Expenses Paid
ConstructionContractAndOtherServiceExpensesPaid
58218000 USD
ofc Construction Contract And Other Service Expenses Paid
ConstructionContractAndOtherServiceExpensesPaid
53191000 USD
ofc Construction Contract And Other Service Revenues Received
ConstructionContractAndOtherServiceRevenuesReceived
48877000 USD
ofc Construction Contract And Other Service Revenues Received
ConstructionContractAndOtherServiceRevenuesReceived
62170000 USD
CY2013Q3 ofc Depreciation And Amortization For Real Estate Operations
DepreciationAndAmortizationForRealEstateOperations
28205000 USD
CY2014Q3 ofc Depreciation And Amortization For Real Estate Operations
DepreciationAndAmortizationForRealEstateOperations
30237000 USD
ofc Depreciation And Amortization For Real Estate Operations
DepreciationAndAmortizationForRealEstateOperations
82888000 USD
ofc Depreciation And Amortization For Real Estate Operations
DepreciationAndAmortizationForRealEstateOperations
104728000 USD
CY2013Q3 ofc Discontinued Operation Gain Loss On Sale Of Real Estate
DiscontinuedOperationGainLossOnSaleOfRealEstate
0 USD
ofc Discontinued Operation Gain Loss On Sale Of Real Estate
DiscontinuedOperationGainLossOnSaleOfRealEstate
24000 USD
ofc Discontinued Operation Gain Loss On Sale Of Real Estate
DiscontinuedOperationGainLossOnSaleOfRealEstate
0 USD
CY2014Q3 ofc Discontinued Operation Gain Loss On Sale Of Real Estate
DiscontinuedOperationGainLossOnSaleOfRealEstate
28000 USD
CY2013Q3 ofc Disposal Group Including Discontinued Operation Depreciation And Amortization For Real Estate Operations
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortizationForRealEstateOperations
1005000 USD
ofc Disposal Group Including Discontinued Operation Depreciation And Amortization For Real Estate Operations
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortizationForRealEstateOperations
0 USD
ofc Disposal Group Including Discontinued Operation Depreciation And Amortization For Real Estate Operations
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortizationForRealEstateOperations
3509000 USD
CY2014Q3 ofc Disposal Group Including Discontinued Operation Depreciation And Amortization For Real Estate Operations
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortizationForRealEstateOperations
0 USD
ofc Disposal Group Including Discontinued Operation Gains Losses On Extinguishment Of Debt
DisposalGroupIncludingDiscontinuedOperationGainsLossesOnExtinguishmentOfDebt
-116000 USD
ofc Disposal Group Including Discontinued Operation Gains Losses On Extinguishment Of Debt
DisposalGroupIncludingDiscontinuedOperationGainsLossesOnExtinguishmentOfDebt
0 USD
CY2013Q3 ofc Disposal Group Including Discontinued Operation Gains Losses On Extinguishment Of Debt
DisposalGroupIncludingDiscontinuedOperationGainsLossesOnExtinguishmentOfDebt
0 USD
CY2014Q3 ofc Disposal Group Including Discontinued Operation Gains Losses On Extinguishment Of Debt
DisposalGroupIncludingDiscontinuedOperationGainsLossesOnExtinguishmentOfDebt
0 USD
CY2013Q3 ofc Disposal Group Including Discontinued Operation Operating Income Loss Excluding Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLossExcludingDepreciationAndAmortization
-6216000 USD
ofc Disposal Group Including Discontinued Operation Operating Income Loss Excluding Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLossExcludingDepreciationAndAmortization
-99000 USD
CY2014Q3 ofc Disposal Group Including Discontinued Operation Operating Income Loss Excluding Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLossExcludingDepreciationAndAmortization
-139000 USD
ofc Disposal Group Including Discontinued Operation Operating Income Loss Excluding Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLossExcludingDepreciationAndAmortization
-18880000 USD
ofc Disposal Group Including Discontinued Operation Property Operating Expense
DisposalGroupIncludingDiscontinuedOperationPropertyOperatingExpense
10523000 USD
CY2013Q3 ofc Disposal Group Including Discontinued Operation Property Operating Expense
DisposalGroupIncludingDiscontinuedOperationPropertyOperatingExpense
3524000 USD
CY2013Q4 ofc Mortgage And Other Investing Receivables
MortgageAndOtherInvestingReceivables
53663000 USD
CY2014Q3 ofc Mortgage And Other Investing Receivables
MortgageAndOtherInvestingReceivables
50886000 USD
CY2013Q3 ofc Disposal Group Including Discontinued Operations General And Administrative And Leasing Expenses
DisposalGroupIncludingDiscontinuedOperationsGeneralAndAdministrativeAndLeasingExpenses
0 USD
CY2014Q3 ofc Disposal Group Including Discontinued Operations General And Administrative And Leasing Expenses
DisposalGroupIncludingDiscontinuedOperationsGeneralAndAdministrativeAndLeasingExpenses
0 USD
CY2014Q3 ofc Environmental Indemnification To Tenant Against Consequential Damages After Acquisition Of Property Maximum
EnvironmentalIndemnificationToTenantAgainstConsequentialDamagesAfterAcquisitionOfPropertyMaximum
12500000.0 USD
CY2014Q3 ofc Environmental Indemnification To Tenant Against Losses Covered Under Prior Owner Indemnity Agreement Maximum
EnvironmentalIndemnificationToTenantAgainstLossesCoveredUnderPriorOwnerIndemnityAgreementMaximum
5000000.0 USD
ofc Equity Change Adjustments To Additional Paid In Capital Reallocation Of Minority Interest
EquityChangeAdjustmentsToAdditionalPaidInCapitalReallocationOfMinorityInterest
773000 USD
ofc Equity Change Adjustments To Additional Paid In Capital Reallocation Of Minority Interest
EquityChangeAdjustmentsToAdditionalPaidInCapitalReallocationOfMinorityInterest
248000 USD
ofc Equity Change Stock Issued During Period Value Conversion Of Units
EquityChangeStockIssuedDuringPeriodValueConversionOfUnits
3991000 USD
ofc Equity Change Stock Issued During Period Value Conversion Of Units
EquityChangeStockIssuedDuringPeriodValueConversionOfUnits
1545000 USD
ofc Extinguishment Of Debt Non Cash Loss
ExtinguishmentOfDebtNonCashLoss
458000 USD
ofc Extinguishment Of Debt Non Cash Loss
ExtinguishmentOfDebtNonCashLoss
3059000 USD
CY2014Q3 ofc Number Of Primary Office Property Segments
NumberOfPrimaryOfficePropertySegments
10 segment
ofc General And Administrative And Leasing And Business Development Expenses Paid
GeneralAndAdministrativeAndLeasingAndBusinessDevelopmentExpensesPaid
22288000 USD
ofc General And Administrative And Leasing And Business Development Expenses Paid
GeneralAndAdministrativeAndLeasingAndBusinessDevelopmentExpensesPaid
20681000 USD
ofc Impairment Of Properties To Be Disposed Discontinued Operations
ImpairmentOfPropertiesToBeDisposedDiscontinuedOperations
3000 USD
CY2014Q3 ofc Impairment Of Properties To Be Disposed Discontinued Operations
ImpairmentOfPropertiesToBeDisposedDiscontinuedOperations
-24000 USD
ofc Impairment Of Properties To Be Disposed Discontinued Operations
ImpairmentOfPropertiesToBeDisposedDiscontinuedOperations
25269000 USD
CY2013Q3 ofc Impairment Of Properties To Be Disposed Discontinued Operations
ImpairmentOfPropertiesToBeDisposedDiscontinuedOperations
16217000 USD
ofc Increase Decrease In Accrued Capital Improvements Leasing And Other Investing Activity Costs
IncreaseDecreaseInAccruedCapitalImprovementsLeasingAndOtherInvestingActivityCosts
-13094000 USD
ofc Increase Decrease In Accrued Capital Improvements Leasing And Other Investing Activity Costs
IncreaseDecreaseInAccruedCapitalImprovementsLeasingAndOtherInvestingActivityCosts
-174000 USD
ofc Increase Decrease In Advance Rent And Security Deposit Liability
IncreaseDecreaseInAdvanceRentAndSecurityDepositLiability
1583000 USD
ofc Increase Decrease In Advance Rent And Security Deposit Liability
IncreaseDecreaseInAdvanceRentAndSecurityDepositLiability
907000 USD
ofc Increase Decrease In Fair Value Of Derivatives Applied To Aocl And Noncontrolling Interests
IncreaseDecreaseInFairValueOfDerivativesAppliedToAoclAndNoncontrollingInterests
7785000 USD
ofc Increase Decrease In Fair Value Of Derivatives Applied To Aocl And Noncontrolling Interests
IncreaseDecreaseInFairValueOfDerivativesAppliedToAoclAndNoncontrollingInterests
-2613000 USD
ofc Increase Decrease In Marketable Securities And Restricted Cash
IncreaseDecreaseInMarketableSecuritiesAndRestrictedCash
2591000 USD
ofc Increase Decrease In Marketable Securities And Restricted Cash
IncreaseDecreaseInMarketableSecuritiesAndRestrictedCash
-418000 USD
ofc Interest And Other Income Received
InterestAndOtherIncomeReceived
391000 USD
ofc Interest And Other Income Received
InterestAndOtherIncomeReceived
448000 USD
CY2014Q3 ofc Maximum Additional Costs Incurred Related To Construction And Environmental Regulatory Activities
MaximumAdditionalCostsIncurredRelatedToConstructionAndEnvironmentalRegulatoryActivities
1500000.0 USD
ofc Minority Interest Decrease From Distributions Including Joint Ventures
MinorityInterestDecreaseFromDistributionsIncludingJointVentures
8000 USD
ofc Minority Interest Decrease From Distributions Including Joint Ventures
MinorityInterestDecreaseFromDistributionsIncludingJointVentures
1606000 USD
ofc Minority Interest Decrease From Distributions To Operating Partnership Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToOperatingPartnershipNoncontrollingInterestHolders
3710000 USD
ofc Minority Interest Decrease From Distributions To Operating Partnership Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToOperatingPartnershipNoncontrollingInterestHolders
3681000 USD
ofc Minority Interest In Net Income Loss Other Including Joint Ventures Minority Interests
MinorityInterestInNetIncomeLossOtherIncludingJointVenturesMinorityInterests
2481000 USD
ofc Minority Interest In Net Income Loss Other Including Joint Ventures Minority Interests
MinorityInterestInNetIncomeLossOtherIncludingJointVenturesMinorityInterests
2160000 USD
CY2013Q3 ofc Minority Interest In Net Income Loss Other Including Joint Ventures Minority Interests
MinorityInterestInNetIncomeLossOtherIncludingJointVenturesMinorityInterests
1031000 USD
CY2014Q3 ofc Minority Interest In Net Income Loss Other Including Joint Ventures Minority Interests
MinorityInterestInNetIncomeLossOtherIncludingJointVenturesMinorityInterests
895000 USD
ofc Minority Interest Increase From Contributions Including Joint Ventures
MinorityInterestIncreaseFromContributionsIncludingJointVentures
3000 USD
ofc Minority Interest Increase From Contributions Including Joint Ventures
MinorityInterestIncreaseFromContributionsIncludingJointVentures
85000 USD
ofc Net Operating Income Loss From Service Operations
NetOperatingIncomeLossFromServiceOperations
5037000 USD
ofc Noncontrolling Interest Increasefrom Subsidiary Equity Issuance Propertyand Subsidiary Noncontrolling Interest
NoncontrollingInterestIncreasefromSubsidiaryEquityIssuancePropertyandSubsidiaryNoncontrollingInterest
1369000 USD
ofc Settlement Of Previously Accreted Interest Expense
SettlementOfPreviouslyAccretedInterestExpense
11116000 USD
ofc Share Based Compensation Recognized
ShareBasedCompensationRecognized
5702000 USD
CY2014Q3 ofc Net Income Loss Attributableto Common Stockholders Basicand Diluted
NetIncomeLossAttributabletoCommonStockholdersBasicandDiluted
19064000 USD
CY2013Q3 ofc Net Income Loss Attributableto Common Stockholders Basicand Diluted
NetIncomeLossAttributabletoCommonStockholdersBasicandDiluted
-7551000 USD
ofc Net Income Loss Attributableto Common Stockholders Basicand Diluted
NetIncomeLossAttributabletoCommonStockholdersBasicandDiluted
-12011000 USD
ofc Net Income Loss Attributableto Common Stockholders Basicand Diluted
NetIncomeLossAttributabletoCommonStockholdersBasicandDiluted
20863000 USD
CY2014Q3 ofc Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basicand Diluted
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasicandDiluted
18881000 USD
ofc Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basicand Diluted
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasicandDiluted
3675000 USD
CY2013Q3 ofc Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basicand Diluted
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasicandDiluted
4931000 USD
ofc Net Income Lossfrom Continuing Operations Availableto Common Stockholders Basicand Diluted
NetIncomeLossfromContinuingOperationsAvailabletoCommonStockholdersBasicandDiluted
20854000 USD
CY2013Q3 ofc Net Operating Income Loss From Service Operations
NetOperatingIncomeLossFromServiceOperations
685000 USD
CY2014Q3 ofc Net Operating Income Loss From Service Operations
NetOperatingIncomeLossFromServiceOperations
1146000 USD
ofc Net Operating Income Loss From Service Operations
NetOperatingIncomeLossFromServiceOperations
2883000 USD
CY2014Q3 ofc Other Minority Interests Including Joint Ventures
OtherMinorityInterestsIncludingJointVentures
8787000 USD
CY2013Q4 ofc Other Minority Interests Including Joint Ventures
OtherMinorityInterestsIncludingJointVentures
9397000 USD
ofc Payments Of Exit Costs Included In Impairment Losses In Connection With Dispositions
PaymentsOfExitCostsIncludedInImpairmentLossesInConnectionWithDispositions
0 USD
ofc Payments Of Exit Costs Included In Impairment Losses In Connection With Dispositions
PaymentsOfExitCostsIncludedInImpairmentLossesInConnectionWithDispositions
186000 USD
ofc Previously Accreted Interest Expense Paid
PreviouslyAccretedInterestExpensePaid
11116000 USD
ofc Previously Accreted Interest Expense Paid
PreviouslyAccretedInterestExpensePaid
0 USD
ofc Property Operating Expenses Paid
PropertyOperatingExpensesPaid
133799000 USD
ofc Property Operating Expenses Paid
PropertyOperatingExpensesPaid
141489000 USD
CY2014Q3 ofc Property Subject To Environmental Indemnity Lease Agreement Number Of Properties
PropertySubjectToEnvironmentalIndemnityLeaseAgreementNumberOfProperties
3 Property
ofc Redeemable Noncontrolling Interest Equity Net Income Loss Attributableto Noncontrolling Interest
RedeemableNoncontrollingInterestEquityNetIncomeLossAttributabletoNoncontrollingInterest
1647000 USD
CY2013Q4 ofc Restricted Cash And Marketable Securities
RestrictedCashAndMarketableSecurities
11448000 USD
CY2014Q3 ofc Restricted Cash And Marketable Securities
RestrictedCashAndMarketableSecurities
14371000 USD
ofc Revenues From Real Estate Operations Received
RevenuesFromRealEstateOperationsReceived
358212000 USD
ofc Revenues From Real Estate Operations Received
RevenuesFromRealEstateOperationsReceived
359431000 USD
ofc Share Based Compensation Recognized
ShareBasedCompensationRecognized
5249000 USD
ofc Stock Issued During Period Value New Issuesfor Other Program
StockIssuedDuringPeriodValueNewIssuesforOtherProgram
38447000 USD
CY2010Q3 ofc Tax Incremental Financing Bonds Amount Issued By Anne Arundel County Maryland
TaxIncrementalFinancingBondsAmountIssuedByAnneArundelCountyMaryland
30000000 USD
ofc Undistributed Earnings Loss Allocatedto Participating Securities Basicand Diluted
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesBasicandDiluted
332000 USD
CY2014Q3 ofc Undistributed Earnings Loss Allocatedto Participating Securities Basicand Diluted
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesBasicandDiluted
103000 USD
CY2013Q3 ofc Undistributed Earnings Loss Allocatedto Participating Securities Basicand Diluted
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesBasicandDiluted
97000 USD
ofc Undistributed Earnings Loss Allocatedto Participating Securities Basicand Diluted
UndistributedEarningsLossAllocatedtoParticipatingSecuritiesBasicandDiluted
317000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
ofc Scheduled Principal Amortization Repayments Of Long Term Debt
ScheduledPrincipalAmortizationRepaymentsOfLongTermDebt
7229000 USD
ofc Scheduled Principal Amortization Repayments Of Long Term Debt
ScheduledPrincipalAmortizationRepaymentsOfLongTermDebt
4914000 USD
CY2014Q3 ofc Segment Reporting Direct Costs Of Leased And Rented Property Or Equipment
SegmentReportingDirectCostsOfLeasedAndRentedPropertyOrEquipment
42881000 USD
CY2013Q3 ofc Segment Reporting Direct Costs Of Leased And Rented Property Or Equipment
SegmentReportingDirectCostsOfLeasedAndRentedPropertyOrEquipment
44885000 USD
ofc Segment Reporting Direct Costs Of Leased And Rented Property Or Equipment
SegmentReportingDirectCostsOfLeasedAndRentedPropertyOrEquipment
133605000 USD
ofc Segment Reporting Direct Costs Of Leased And Rented Property Or Equipment
SegmentReportingDirectCostsOfLeasedAndRentedPropertyOrEquipment
136489000 USD
CY2013Q3 ofc Segment Reporting Operating Income
SegmentReportingOperatingIncome
79676000 USD
CY2014Q3 ofc Segment Reporting Operating Income
SegmentReportingOperatingIncome
75359000 USD
ofc Segment Reporting Operating Income
SegmentReportingOperatingIncome
222611000 USD
ofc Segment Reporting Operating Income
SegmentReportingOperatingIncome
238308000 USD
CY2014Q3 ofc Segment Reporting Transfers From Non Operating Properties
SegmentReportingTransfersFromNonOperatingProperties
42802000 USD
CY2013Q3 ofc Segment Reporting Transfers From Non Operating Properties
SegmentReportingTransfersFromNonOperatingProperties
42842000 USD
ofc Settlement Of Previously Accreted Interest Expense
SettlementOfPreviouslyAccretedInterestExpense
0 USD
dei Entity Central Index Key
EntityCentralIndexKey
0000860546
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
87711731 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
CORPORATE OFFICE PROPERTIES TRUST

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