2020 Q4 Form 10-Q Financial Statement

#000086054620000039 Filed on October 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $156.6M $148.8M $159.4M
YoY Change -0.75% -6.67% 16.02%
Cost Of Revenue $74.70M $19.22M $27.80M
YoY Change -1.06% -30.87% 245.02%
Gross Profit $89.30M $129.6M $131.6M
YoY Change 8.51% -1.56% 1.76%
Gross Profit Margin 57.02% 87.08% 82.56%
Selling, General & Admin $10.80M $7.467M $7.929M
YoY Change 11.34% -5.83% 14.93%
% of Gross Profit 12.09% 5.76% 6.02%
Research & Development $1.000M $1.100M $1.000M
YoY Change -23.08% 10.0% -37.5%
% of Gross Profit 1.12% 0.85% 0.76%
Depreciation & Amortization $37.10M $35.80M $35.20M
YoY Change 11.75% 1.7% 1.44%
% of Gross Profit 41.55% 27.63% 26.74%
Operating Expenses $48.40M $7.467M $7.929M
YoY Change 10.5% -5.83% 14.93%
Operating Profit $40.90M $122.1M $123.7M
YoY Change 6.23% -1.28% 231.17%
Interest Expense -$13.40M $17.15M $17.13M
YoY Change -6.94% 0.15% -198.99%
% of Operating Profit -32.76% 14.05% 13.84%
Other Income/Expense, Net $800.0K $1.500M
YoY Change
Pretax Income $83.80M -$31.80M $22.72M
YoY Change 87.05% -239.98% 15.58%
Income Tax $300.0K $16.00K -$131.0K
% Of Pretax Income 0.36% -0.58%
Net Earnings $81.67M -$31.85M $21.26M
YoY Change 81.98% -249.81% 13.69%
Net Earnings / Revenue 52.15% -21.4% 13.33%
Basic Earnings Per Share $0.73 -$0.29 $0.19
Diluted Earnings Per Share $0.73 -$0.29 $0.19
COMMON SHARES
Basic Shares Outstanding 112.2M shares 111.8M shares 111.6M shares
Diluted Shares Outstanding 111.8M shares 111.9M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.40M $11.50M $34.00M
YoY Change 25.17% -66.18% 257.89%
Cash & Equivalents $18.37M $11.46M $34.01M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $61.70M
Prepaid Expenses
Receivables $41.60M $36.20M $37.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $60.00M $47.70M $133.3M
YoY Change 19.76% -64.22% 88.01%
LONG-TERM ASSETS
Property, Plant & Equipment $10.43M $3.674B $3.335B
YoY Change -99.69% 10.18% 46950.94%
Goodwill
YoY Change
Intangibles $19.25M $22.43M $29.45M
YoY Change -29.73% -23.84% -37.42%
Long-Term Investments $44.40M $58.80M $59.80M
YoY Change -28.04% -1.67% 20.32%
Other Assets $86.40M $95.20M $90.70M
YoY Change -0.23% 4.96% 5.1%
Total Long-Term Assets $4.017B $4.072B $3.722B
YoY Change 5.59% 9.41% 3.98%
TOTAL ASSETS
Total Short-Term Assets $60.00M $47.70M $133.3M
Total Long-Term Assets $4.017B $4.072B $3.722B
Total Assets $4.077B $4.120B $3.855B
YoY Change 5.77% 6.87% 5.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $142.7M $140.9M $141.2M
YoY Change -4.03% -0.21% 56.54%
Accrued Expenses $30.70M $26.40M $16.70M
YoY Change 77.46% 58.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $178.1M
YoY Change
Total Short-Term Liabilities $242.1M $407.0M $217.2M
YoY Change 4.85% 87.38% 51.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.083B $2.004B $1.864B
YoY Change 13.68% 7.51% 3.03%
Other Long-Term Liabilities $32.80M $36.60M $50.00M
YoY Change -23.0% -26.8% -20.26%
Total Long-Term Liabilities $2.116B $2.040B $1.914B
YoY Change 12.85% 6.62% 2.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $242.1M $407.0M $217.2M
Total Long-Term Liabilities $2.116B $2.040B $1.914B
Total Liabilities $2.358B $2.447B $2.131B
YoY Change 11.97% 14.84% 5.73%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.122M $1.122M $1.121M
YoY Change 0.09% 0.09% 3.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.661B $1.609B $1.656B
YoY Change
Total Liabilities & Shareholders Equity $4.077B $4.120B $3.855B
YoY Change 5.77% 6.87% 5.62%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $81.67M -$31.85M $21.26M
YoY Change 81.98% -249.81% 13.69%
Depreciation, Depletion And Amortization $37.10M $35.80M $35.20M
YoY Change 11.75% 1.7% 1.44%
Cash From Operating Activities $79.40M $22.50M $45.20M
YoY Change 10.89% -50.22% 10.24%
INVESTING ACTIVITIES
Capital Expenditures -$73.30M -$119.2M -$103.9M
YoY Change -28.77% 14.73% 97.9%
Acquisitions
YoY Change
Other Investing Activities $143.7M -$49.70M $8.500M
YoY Change 94.45% -684.71% -350.0%
Cash From Investing Activities $70.40M -$168.9M -$95.30M
YoY Change -341.92% 77.23% 70.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -142.4M 135.2M 36.80M
YoY Change 130.42% 267.39% 140.52%
NET CHANGE
Cash From Operating Activities 79.40M 22.50M 45.20M
Cash From Investing Activities 70.40M -168.9M -95.30M
Cash From Financing Activities -142.4M 135.2M 36.80M
Net Change In Cash 7.400M -11.20M -13.30M
YoY Change -138.34% -15.79% -3425.0%
FREE CASH FLOW
Cash From Operating Activities $79.40M $22.50M $45.20M
Capital Expenditures -$73.30M -$119.2M -$103.9M
Free Cash Flow $152.7M $141.7M $149.1M
YoY Change -12.49% -4.96% 59.47%

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us-gaap Income Tax Expense Benefit
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CY2019Q3 ofc Minority Interest In Net Income Loss Other Including Joint Ventures Minority Interests
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517000 USD
CY2019Q3 ofc Minority Interest Decrease From Distributions Including Joint Ventures
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22653000 USD
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us-gaap Stock Issued During Period Value Conversion Of Units
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us-gaap Stock Issued During Period Shares Share Based Compensation
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us-gaap Dividends
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1620000 USD
ofc Minority Interest Increase From Contributions Including Joint Ventures
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us-gaap Stock Issued During Period Shares Conversion Of Units
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us-gaap Stock Issued During Period Value Conversion Of Units
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us-gaap Stock Issued During Period Shares Share Based Compensation
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us-gaap Dividends
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1306000 USD
ofc Minority Interest Increase From Contributions Including Joint Ventures
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ofc Revenues From Real Estate Operations Received
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ofc Construction Contract And Other Service Revenues Received
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us-gaap Interest Paid Net
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us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Profit Loss
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us-gaap Profit Loss
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155127000 USD
us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Asset Impairment Charges
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1530000 USD
us-gaap Asset Impairment Charges
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327000 USD
us-gaap Amortization Of Financing Costs And Discounts
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3104000 USD
us-gaap Amortization Of Financing Costs And Discounts
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2716000 USD
us-gaap Straight Line Rent
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3560000 USD
us-gaap Straight Line Rent
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us-gaap Gain Loss On Sale Of Properties
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5000 USD
us-gaap Gain Loss On Sale Of Properties
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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4979000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3237000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-53196000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
us-gaap Other Noncash Income Expense
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4184000 USD
us-gaap Other Noncash Income Expense
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4296000 USD
us-gaap Increase Decrease In Accounts Receivable
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744000 USD
us-gaap Increase Decrease In Accounts Receivable
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9483000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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13164000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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26878000 USD
us-gaap Increase Decrease In Operating Liabilities
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-3971000 USD
us-gaap Increase Decrease In Operating Liabilities
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19616000 USD
ofc Increase Decrease In Advance Rent And Security Deposit Liability
IncreaseDecreaseInAdvanceRentAndSecurityDepositLiability
-3344000 USD
ofc Increase Decrease In Advance Rent And Security Deposit Liability
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-2104000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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157037000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14733000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8066000 USD
CY2019Q4 us-gaap Restricted Cash
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CY2018Q4 us-gaap Restricted Cash
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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18130000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11950000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11458000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34005000 USD
CY2020Q3 us-gaap Restricted Cash
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3217000 USD
CY2019Q3 us-gaap Restricted Cash
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3502000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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14675000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37507000 USD
ofc Increase Decrease In Accrued Capital Improvements Leasing And Other Investing Activity Costs
IncreaseDecreaseInAccruedCapitalImprovementsLeasingAndOtherInvestingActivityCosts
-195000 USD
ofc Increase Decrease In Accrued Capital Improvements Leasing And Other Investing Activity Costs
IncreaseDecreaseInAccruedCapitalImprovementsLeasingAndOtherInvestingActivityCosts
29457000 USD
ofc Rightof Use Asset Contributed By Noncontrolling Interest
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0 USD
ofc Rightof Use Asset Contributed By Noncontrolling Interest
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2570000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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8955000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
255000 USD
ofc Noncashor Part Noncash Disposition Decreasein Propertyin Connection With Partial Saleof Properties Net
NoncashorPartNoncashDispositionDecreaseinPropertyinConnectionWithPartialSaleofPropertiesNet
0 USD
ofc Noncashor Part Noncash Disposition Decreasein Propertyin Connection With Partial Saleof Properties Net
NoncashorPartNoncashDispositionDecreaseinPropertyinConnectionWithPartialSaleofPropertiesNet
99288000 USD
ofc Increasein Investmentin Unconsolidated Real Estate Joint Venturein Connection With Partial Saleof Properties
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0 USD
ofc Increasein Investmentin Unconsolidated Real Estate Joint Venturein Connection With Partial Saleof Properties
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26500000 USD
ofc Increase Decrease In Fair Value Of Derivatives Applied To Aocl And Noncontrolling Interests
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-37183000 USD
ofc Increase Decrease In Fair Value Of Derivatives Applied To Aocl And Noncontrolling Interests
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-34951000 USD
CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
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31307000 USD
CY2019Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
31345000 USD
ofc Equity Change Stock Issued During Period Value Conversion Of Units
EquityChangeStockIssuedDuringPeriodValueConversionOfUnits
182000 USD
ofc Equity Change Stock Issued During Period Value Conversion Of Units
EquityChangeStockIssuedDuringPeriodValueConversionOfUnits
1556000 USD
ofc Equity Change Adjustments To Additional Paid In Capital Reallocation Of Minority Interest
EquityChangeAdjustmentsToAdditionalPaidInCapitalReallocationOfMinorityInterest
-527000 USD
ofc Equity Change Adjustments To Additional Paid In Capital Reallocation Of Minority Interest
EquityChangeAdjustmentsToAdditionalPaidInCapitalReallocationOfMinorityInterest
522000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
4711000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1344000 USD
us-gaap Nature Of Operations
NatureOfOperations
Organization<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Corporate Office Properties Trust (“COPT”) and subsidiaries (collectively, the “Company”) is a fully-integrated and self-managed real estate investment trust (“REIT”). Corporate Office Properties, L.P. (“COPLP”) and subsidiaries (collectively, the “Operating Partnership”) 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, “we”, “us” and “our” as used herein refer to each of the Company and the Operating Partnership. We own, manage, lease, develop and selectively acquire office and data center properties. The majority of our portfolio is in locations that support the United States Government (“USG”) and its contractors, most of whom are engaged in national security, defense and information technology (“IT”) related activities servicing what we believe are growing, durable, priority missions (“Defense/IT Locations”). We also own a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (“Regional Office”). As of September 30, 2020, our properties included the following:</span></div><div style="padding-left:18pt"><span><br/></span></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">176 properties totaling 20.4 million square feet comprised of 15.9 million square feet in 151 office properties and 4.5 million square feet in 25 single-tenant data center shell properties (“data center shells”). We owned 15 of these data center shells through unconsolidated real estate joint ventures;</span></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">a wholesale data center with a critical load of 19.25 megawatts;</span></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">11 properties under development (ten office properties and one data center shell), including one partially-operational property, and expansion of one fully-operational property that we estimate will total approximately 1.6 million square feet upon completion; and</span></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">approximately 860 acres of land controlled for future development that we believe could be developed into approximately 11.0 million square feet and 43 acres of other land.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COPLP owns real estate directly and through subsidiary partnerships and limited liability companies (“LLCs”).  In addition to owning real estate, COPLP also owns subsidiaries that provide real estate services such as property management, development and construction services primarily for our properties but also for third parties. Some of these services are performed by a taxable REIT subsidiary (“TRS”).</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Equity interests in COPLP are in the form of common and preferred units. As of September 30, 2020, COPT owned 98.6% of the outstanding COPLP common units (“common units”); the remaining common units and all of the outstanding COPLP preferred units (“preferred units”) were owned by third parties. Common units not owned by COPT carry certain redemption rights. The number of common units owned by COPT is equivalent to the number of outstanding common shares of beneficial interest (“common shares”) of COPT, and the entitlement of common units to quarterly distributions and payments in liquidation is substantially the same as that of COPT common shareholders. In the case of any series of preferred units held by COPT, there would be a series of preferred shares of beneficial interest (“preferred shares”) in COPT that is equivalent in number and carries substantially the same terms as such series of COPLP preferred units. </span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">COPT’s common shares are publicly traded on the New York Stock Exchange (“NYSE”) under the ticker symbol “OFC”. </span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Because COPLP is managed by COPT, and COPT conducts substantially all of its operations through COPLP, we refer to COPT’s executive officers as COPLP’s executive officers; similarly, although COPLP does not have a board of trustees, we refer to COPT’s Board of Trustees as COPLP’s Board of Trustees.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2019Q4 ofc Off Balance Sheet Credit Loss Exposure Allowancefor Credit Loss
OffBalanceSheetCreditLossExposureAllowanceforCreditLoss
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CY2019Q4 ofc Credit Losses Financial Assetsand Other Instruments Allowancefor Credit Loss
CreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLoss
97000 USD
ofc Off Balance Sheet Credit Loss Exposure Allowancefor Credit Loss Cumulative Effectof Changefor Adoptionof Credit Loss Guidance
OffBalanceSheetCreditLossExposureAllowanceforCreditLossCumulativeEffectofChangeforAdoptionofCreditLossGuidance
1340000 USD
ofc Credit Losses Financial Assetsand Other Instruments Allowancefor Credit Loss Cumulative Effectof Changefor Adoptionof Credit Loss Guidance
CreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLossCumulativeEffectofChangeforAdoptionofCreditLossGuidance
5541000 USD
ofc Off Balance Sheet Credit Loss Exposure Credit Loss Expense Reversal
OffBalanceSheetCreditLossExposureCreditLossExpenseReversal
-1317000 USD
ofc Credit Losses Financial Assetsand Other Instruments Allowancefor Credit Loss Expense Reversal
CreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLossExpenseReversal
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CY2020Q3 ofc Off Balance Sheet Credit Loss Exposure Allowancefor Credit Loss
OffBalanceSheetCreditLossExposureAllowanceforCreditLoss
23000 USD
CY2020Q3 ofc Credit Losses Financial Assetsand Other Instruments Allowancefor Credit Loss
CreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLoss
5477000 USD
ofc Lessor Operating Lease Average Termof Contract
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us-gaap Operating Lease Lease Income Lease Payments
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us-gaap Operating Lease Lease Income Lease Payments
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CY2019Q3 us-gaap Operating Lease Variable Lease Income
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us-gaap Operating Lease Variable Lease Income
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us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
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CY2020Q3 us-gaap Operating Lease Lease Income
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CY2019Q3 us-gaap Operating Lease Lease Income
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us-gaap Operating Lease Lease Income
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us-gaap Operating Lease Lease Income
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CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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258059000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
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195246000 USD
CY2020Q3 ofc Lessor Operating Lease Paymenttobe Receivedafter Year Four
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773582000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
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CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
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CY2020Q3 ofc Lessee Rightof Use Asset
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76900000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
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CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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CY2020Q3 us-gaap Finance Lease Right Of Use Asset
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CY2020Q3 ofc Lease Rightof Use Assets
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CY2019Q4 ofc Lease Rightof Use Assets
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CY2020Q3 us-gaap Operating Lease Liability
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CY2019Q4 us-gaap Operating Lease Liability
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CY2020Q3 us-gaap Finance Lease Liability
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CY2019Q4 us-gaap Finance Lease Liability
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CY2020Q3 ofc Lease Liabilities
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CY2019Q4 ofc Lease Liabilities
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18019000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2020Q3 us-gaap Lease Cost
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714000 USD
CY2019Q3 us-gaap Lease Cost
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us-gaap Lease Cost
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us-gaap Lease Cost
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1260000 USD
us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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us-gaap Finance Lease Principal Payments
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us-gaap Finance Lease Principal Payments
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2020Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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CY2020Q3 ofc Lessee Lease Liability Payments Remainderof Fiscal Year
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2019Q4 ofc Lessee Lease Liability Payments Due Next Twelve Months
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2020Q3 ofc Lessee Lease Liability Payments Due Next Twelve Months
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CY2019Q4 ofc Lessee Lease Liability Payments Due Year Two
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2020Q3 ofc Lessee Lease Liability Payments Due Year Two
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
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CY2019Q4 ofc Lessee Lease Liability Payments Due Year Three
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CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
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CY2020Q3 ofc Lessee Lease Liability Payments Due Year Three
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CY2019Q4 ofc Lessee Lease Liability Payments Due Year Four
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CY2020Q3 ofc Lessee Lease Liability Payments Due Year Four
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CY2019Q4 ofc Lessee Lease Liability Payments Due Year Five
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CY2020Q3 ofc Lessee Operating Lease Liabilitytobe Paidafter Year Four
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CY2020Q3 ofc Finance Lease Liability Payments Due After Year Four
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CY2020Q3 ofc Lessee Lease Liability Payments Dueafter Year Four
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CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2019Q4 ofc Lessee Lease Liability Payments Dueafter Year Five
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CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2020Q3 ofc Lessee Lease Liability Payments Due
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CY2019Q4 ofc Lessee Lease Liability Payments Due
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CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
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CY2020Q3 ofc Lessee Lease Liability Imputed Interest
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CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2019Q4 ofc Lessee Lease Liability Imputed Interest
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CY2020Q3 us-gaap Operating Lease Liability
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CY2020Q3 us-gaap Finance Lease Liability
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CY2020Q3 ofc Lease Liabilities
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26410000 USD
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17317000 USD
CY2019Q4 us-gaap Finance Lease Liability
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702000 USD
CY2019Q4 ofc Lease Liabilities
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18019000 USD
CY2019Q3 us-gaap Interest Costs Capitalized
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2900000 USD
CY2020Q3 us-gaap Deferred Compensation Plan Assets
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2672000 USD
CY2019Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
3060000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
110292000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
96076000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
2181551000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1831139000 USD
CY2020Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2900000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9400000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7300000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1428000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-11047000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-39592000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-33437000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1344000 USD
ofc Numberof Joint Ventures With Redeemable Noncontrolling Interests
NumberofJointVenturesWithRedeemableNoncontrollingInterests
2 joint_venture
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
29431000 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
26260000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13335000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1656000 USD
CY2020Q3 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
23522000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
2715000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
2729000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
4711000 USD
CY2019Q3 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
28677000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.275
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.275
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.825
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.825
us-gaap Revenues
Revenues
445337000 USD
us-gaap Revenues
Revenues
483441000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20323000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28697000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46240000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87946000 USD
CY2020Q3 us-gaap Revenues
Revenues
154766000 USD
CY2019Q3 us-gaap Revenues
Revenues
159431000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
396000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1372000 USD
CY2020Q3 ofc Unconsolidated Joint Venture Net Operating Income Allocableto Parent
UnconsolidatedJointVentureNetOperatingIncomeAllocabletoParent
1752000 USD
CY2019Q3 ofc Unconsolidated Joint Venture Net Operating Income Allocableto Parent
UnconsolidatedJointVentureNetOperatingIncomeAllocabletoParent
1601000 USD
ofc Unconsolidated Joint Venture Net Operating Income Allocableto Parent
UnconsolidatedJointVentureNetOperatingIncomeAllocabletoParent
5190000 USD
ofc Unconsolidated Joint Venture Net Operating Income Allocableto Parent
UnconsolidatedJointVentureNetOperatingIncomeAllocabletoParent
4071000 USD
CY2020Q3 ofc Income Lossfrom Equity Method Investments Allocableto Depreciation Amortizationand Interest Expense
IncomeLossfromEquityMethodInvestmentsAllocabletoDepreciationAmortizationandInterestExpense
1274000 USD
CY2019Q3 ofc Income Lossfrom Equity Method Investments Allocableto Depreciation Amortizationand Interest Expense
IncomeLossfromEquityMethodInvestmentsAllocabletoDepreciationAmortizationandInterestExpense
1202000 USD
ofc Income Lossfrom Equity Method Investments Allocableto Depreciation Amortizationand Interest Expense
IncomeLossfromEquityMethodInvestmentsAllocabletoDepreciationAmortizationandInterestExpense
3814000 USD
ofc Income Lossfrom Equity Method Investments Allocableto Depreciation Amortizationand Interest Expense
IncomeLossfromEquityMethodInvestmentsAllocabletoDepreciationAmortizationandInterestExpense
2859000 USD
CY2020Q3 ofc Income Lossin Non Real Estate Equity Method Investments
IncomeLossinNonRealEstateEquityMethodInvestments
-1000 USD
CY2019Q3 ofc Income Lossin Non Real Estate Equity Method Investments
IncomeLossinNonRealEstateEquityMethodInvestments
-3000 USD
ofc Income Lossin Non Real Estate Equity Method Investments
IncomeLossinNonRealEstateEquityMethodInvestments
-4000 USD
ofc Income Lossin Non Real Estate Equity Method Investments
IncomeLossinNonRealEstateEquityMethodInvestments
-5000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
477000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1207000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20323000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28697000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46240000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87946000 USD
CY2020Q3 ofc Construction Contract And Other Service Expenses
ConstructionContractAndOtherServiceExpenses
19220000 USD
CY2019Q3 ofc Construction Contract And Other Service Expenses
ConstructionContractAndOtherServiceExpenses
27802000 USD
ofc Construction Contract And Other Service Expenses
ConstructionContractAndOtherServiceExpenses
44052000 USD
ofc Construction Contract And Other Service Expenses
ConstructionContractAndOtherServiceExpenses
85130000 USD
CY2020Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1746000 USD
CY2019Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1842000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5233000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5977000 USD
CY2020Q3 ofc Credit Losses Financial Assetsand Other Instruments Allowancefor Credit Loss Expense Reversal
CreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLossExpenseReversal
-1465000 USD
CY2019Q3 ofc Credit Losses Financial Assetsand Other Instruments Allowancefor Credit Loss Expense Reversal
CreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLossExpenseReversal
0 USD
ofc Credit Losses Financial Assetsand Other Instruments Allowancefor Credit Loss Expense Reversal
CreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLossExpenseReversal
-161000 USD
ofc Credit Losses Financial Assetsand Other Instruments Allowancefor Credit Loss Expense Reversal
CreditLossesFinancialAssetsandOtherInstrumentsAllowanceforCreditLossExpenseReversal
0 USD
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2019Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
5000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
84469000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
477000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
396000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1372000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1207000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-131000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
95000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-113000 USD
CY2020Q3 ofc Depreciation And Amortization For Real Estate Operations
DepreciationAndAmortizationForRealEstateOperations
35332000 USD
CY2019Q3 ofc Depreciation And Amortization For Real Estate Operations
DepreciationAndAmortizationForRealEstateOperations
34692000 USD
ofc Depreciation And Amortization For Real Estate Operations
DepreciationAndAmortizationForRealEstateOperations
101540000 USD
ofc Depreciation And Amortization For Real Estate Operations
DepreciationAndAmortizationForRealEstateOperations
104290000 USD
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1530000 USD
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
327000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1530000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
327000 USD
CY2020Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7467000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7929000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23111000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26066000 USD
CY2020Q3 ofc Business Development Expenses And Land Carry Costs
BusinessDevelopmentExpensesAndLandCarryCosts
1094000 USD
CY2019Q3 ofc Business Development Expenses And Land Carry Costs
BusinessDevelopmentExpensesAndLandCarryCosts
964000 USD
ofc Business Development Expenses And Land Carry Costs
BusinessDevelopmentExpensesAndLandCarryCosts
3474000 USD
ofc Business Development Expenses And Land Carry Costs
BusinessDevelopmentExpensesAndLandCarryCosts
2947000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
17152000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
17126000 USD
us-gaap Interest Expense
InterestExpense
50789000 USD
us-gaap Interest Expense
InterestExpense
54275000 USD
CY2020Q3 ofc Unconsolidated Joint Venture Net Operating Income Allocableto Parent
UnconsolidatedJointVentureNetOperatingIncomeAllocabletoParent
1752000 USD
CY2019Q3 ofc Unconsolidated Joint Venture Net Operating Income Allocableto Parent
UnconsolidatedJointVentureNetOperatingIncomeAllocabletoParent
1601000 USD
ofc Unconsolidated Joint Venture Net Operating Income Allocableto Parent
UnconsolidatedJointVentureNetOperatingIncomeAllocabletoParent
5190000 USD
ofc Unconsolidated Joint Venture Net Operating Income Allocableto Parent
UnconsolidatedJointVentureNetOperatingIncomeAllocabletoParent
4071000 USD
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3237000 USD
CY2019Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-3237000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-53196000 USD
CY2019Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-53196000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
0 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-31342000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
23246000 USD
us-gaap Profit Loss
ProfitLoss
19329000 USD
us-gaap Profit Loss
ProfitLoss
155127000 USD
CY2020Q3 us-gaap Assets
Assets
4120189000 USD
CY2019Q3 us-gaap Assets
Assets
3855369000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20323000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28697000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46240000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87946000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20323000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28697000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46240000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87946000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
82100000 USD
CY2020Q3 ofc Revenue Remaining Performance Obligation Amounttobe Recognized Duringthe Remainderofthe Year
RevenueRemainingPerformanceObligationAmounttobeRecognizedDuringtheRemainderoftheYear
21000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-31845000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
21257000 USD
us-gaap Net Income Loss
NetIncomeLoss
15706000 USD
us-gaap Net Income Loss
NetIncomeLoss
148907000 USD
CY2020Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
145000 USD
CY2019Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
123000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
365000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
495000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31990000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21134000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15341000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
148412000 USD
CY2020Q3 ofc Dilutive Securities Effecton Basic Earnings Per Share Dilutive Redeemable Noncontrolling Interests
DilutiveSecuritiesEffectonBasicEarningsPerShareDilutiveRedeemableNoncontrollingInterests
0 USD
CY2019Q3 ofc Dilutive Securities Effecton Basic Earnings Per Share Dilutive Redeemable Noncontrolling Interests
DilutiveSecuritiesEffectonBasicEarningsPerShareDilutiveRedeemableNoncontrollingInterests
0 USD
ofc Dilutive Securities Effecton Basic Earnings Per Share Dilutive Redeemable Noncontrolling Interests
DilutiveSecuritiesEffectonBasicEarningsPerShareDilutiveRedeemableNoncontrollingInterests
0 USD
ofc Dilutive Securities Effecton Basic Earnings Per Share Dilutive Redeemable Noncontrolling Interests
DilutiveSecuritiesEffectonBasicEarningsPerShareDilutiveRedeemableNoncontrollingInterests
100000 USD
CY2020Q3 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 USD
CY2019Q3 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
5000 USD
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
6000 USD
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
26000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-31990000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21139000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15347000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
148538000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111811000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111582000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111778000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111036000 shares
CY2020Q3 ofc Incremental Common Shares Attributableto Dilutive Effectof Redeemable Noncontrolling Interests
IncrementalCommonSharesAttributabletoDilutiveEffectofRedeemableNoncontrollingInterests
0 shares
CY2019Q3 ofc Incremental Common Shares Attributableto Dilutive Effectof Redeemable Noncontrolling Interests
IncrementalCommonSharesAttributabletoDilutiveEffectofRedeemableNoncontrollingInterests
0 shares
ofc Incremental Common Shares Attributableto Dilutive Effectof Redeemable Noncontrolling Interests
IncrementalCommonSharesAttributabletoDilutiveEffectofRedeemableNoncontrollingInterests
0 shares
ofc Incremental Common Shares Attributableto Dilutive Effectof Redeemable Noncontrolling Interests
IncrementalCommonSharesAttributabletoDilutiveEffectofRedeemableNoncontrollingInterests
123000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
361000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
278000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
313000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111811000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111943000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112056000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
111472000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.34
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
CY2020Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
3100000 USD
CY2020Q3 ofc Property Subjectto Environmental Indemnity Numberof Properties
PropertySubjecttoEnvironmentalIndemnityNumberofProperties
3 property
CY2020Q3 ofc Maximum Additional Costs Agreed To Be Paid By The Entity Under Environmental Indemnification Agreement
MaximumAdditionalCostsAgreedToBePaidByTheEntityUnderEnvironmentalIndemnificationAgreement
19000000 USD

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