Corporate Office Properties Trust OFC Cash Flow

Corporate office properties trust (OFC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Revenues from real estate operations received
536,803	530,280	524,652	523,296	519,608	528,066	516,517	518,761	512,593	510,551	510,004	506,510	516,609	514,098	523,196	524,945	516,456	503,503	495,000	487,266	480,740	479,605	481,544	482,572	479,801	482,763	478,975	467,747	473,585	483,421	490,046	491,963	491,643	476,762	479,995	470,599	455,822	453,847	0	0	0
Construction contract and other service revenues received
113,698	94,677	71,942	36,617	30,215	33,579	57,299	81,025	88,272	102,531	95,107	81,749	92,604	76,824	66,689	65,309	104,886	117,107	131,827	140,865	91,859	89,180	76,940	69,854	65,241	63,647	68,071	59,796	75,356	77,831	73,688	85,925	85,198	88,433	93,209	80,810	79,134	112,644	0	0	0
Property operating expenses paid
199,967	196,611	199,086	197,310	197,409	197,647	192,089	190,536	188,952	186,577	186,676	189,030	191,105	196,352	198,210	197,619	193,597	190,281	183,588	179,849	178,832	178,803	183,933	179,298	180,117	176,243	175,107	173,921	173,889	174,683	169,935	175,196	174,433	180,041	178,727	172,640	172,159	173,625	0	0	0
Construction contract and other service expenses paid
109,806	96,789	76,951	47,919	42,872	79,386	96,552	113,335	109,045	82,707	70,338	54,011	50,343	46,318	45,036	72,429	107,393	124,481	133,667	121,038	95,727	79,271	68,880	65,037	59,662	63,853	70,705	64,060	71,086	67,952	71,569	79,898	78,279	94,140	90,860	89,152	97,348	124,867	0	0	0
General, administrative, leasing, business development and land carry costs paid
30,015	29,347	29,954	28,399	27,809	27,006	26,465	27,506	29,298	32,673	34,064	35,980	36,977	34,877	36,372	37,204	37,560	38,113	36,853	32,738	32,343	29,521	29,629	29,938	29,407	28,022	25,059	24,816	23,428	22,904	30,632	30,674	29,164	28,027	26,164	24,598	23,264	23,969	0	0	0
Interest expense paid
65,960	67,475	69,667	71,201	71,650	72,460	73,053	72,883	72,622	73,079	71,957	73,154	76,145	77,982	81,200	74,620	74,407	65,816	70,690	76,105	73,487	79,095	77,206	75,115	81,960	81,575	82,635	83,784	85,516	87,394	88,289	91,725	91,359	93,715	93,856	94,481	88,325	87,917	0	0	0
Lease incentives paid
11,952	9,482	8,060	6,082	4,633	7,679	6,296	5,175	6,200	9,725	10,385	11,139	10,074	2,760	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Previously accreted interest expense paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,116	11,116	11,116	2,263	0	0	0	0	-	-	-	-	-	-	-	-
Settlement of interest rate derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,738	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of trading marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,975	0	0	0	-	-	-	-	-	-	-	-
Exit costs on property dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,146	0	0	0	-	-	-	-	-	-	-	-
Payments in connection with early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,017	4,044	4,081	23,207	27,909	23,969	26,413	7,440	2,637	0	0	0	-	-	-	-	-	-	-	-
Interest and other income received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	607	2,317	2,216	2,157	2,260	678	934	1,141	1,073	1,107	977	842	698	-9	10	-35	323	0	0	0
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-200	-204	-192	-6	-6	-6	-6	8	-6	-2	-2	160	0	0	0	-	-	-	-
Other
3,323	3,305	2,997	2,604	3,510	3,036	3,030	2,984	1,517	1,831	2,039	2,459	2,349	1,642	4,823	3,970	3,319	3,821	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
236,124	228,558	215,852	211,585	208,939	180,482	182,360	193,304	196,234	230,121	233,725	227,399	246,913	234,270	226,239	205,569	209,557	204,008	197,379	213,774	184,237	193,885	196,218	200,398	163,206	158,979	159,171	141,475	195,362	191,838	186,953	171,540	162,978	152,143	165,750	170,378	153,655	156,436	0	0	0
Cash flows from investing activities
Development and redevelopment of properties
387,034	394,444	363,139	311,878	242,666	159,994	192,678	182,327	182,249	200,504	153,900	172,106	152,168	161,519	181,209	192,187	217,435	234,346	223,957	212,424	219,817	200,385	195,850	207,488	200,072	201,808	214,474	193,550	174,160	165,275	170,415	205,019	221,467	232,667	232,845	308,145	305,708	303,064	0	0	0
Acquisitions of operating properties and related intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	202,866	202,866	137,125	56,622	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant improvements on operating properties
30,081	23,809	23,602	24,331	30,195	35,098	41,495	38,050	35,570	33,409	28,096	33,124	34,803	34,275	37,339	33,961	30,281	29,413	27,412	26,509	28,200	27,037	23,836	22,296	21,044	21,950	22,047	23,802	24,432	27,103	30,698	30,271	36,351	37,195	36,988	33,924	26,633	20,826	0	0	0
Other capital improvements on operating properties
25,640	24,659	25,363	24,559	23,501	24,223	21,065	19,686	22,877	22,882	19,456	22,118	22,043	26,345	32,600	30,782	28,932	23,147	20,151	20,610	23,325	28,720	27,591	28,684	23,728	23,940	28,023	26,290	26,033	20,066	14,902	16,411	16,202	16,906	16,127	12,175	11,751	10,422	0	0	0
Proceeds from property dispositions
Sale of properties
-	-	-	-	-	-	-	-	-	180,839	153,312	312,216	310,010	262,866	359,330	181,759	181,763	193,735	44,875	73,235	74,986	57,782	0	0	0	-	-	-	-	290,603	342,933	203,509	137,719	79,638	27,308	30,572	27,773	27,576	0	0	0
Investing receivables funded
129	11,180	11,266	11,201	11,148	97	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,077	6,740	8,055	12,957	14,232	14,579	16,514	25,702	23,377	24,260	20,781	6,448	5,588	0	0	0
Leasing costs paid
20,236	16,825	18,151	14,720	11,450	10,926	14,390	14,515	14,554	14,581	10,740	10,766	10,745	10,296	11,131	10,412	13,368	13,710	14,288	15,194	13,747	16,234	15,612	16,153	15,415	14,429	15,355	13,837	13,861	13,278	12,929	14,684	15,956	15,997	17,043	15,908	14,259	14,403	0	0	0
Increase in prepaid expenses and other assets associated with investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,600	0	0	0
Other
256	-849	2,257	2,293	2,251	4,522	2,438	143	456	112	-264	587	4,097	2,346	-6,051	-5,740	-9,292	-2,215	6,387	4,731	7,493	1,643	4,817	4,071	5,025	477	-7,946	-6,297	-6,914	-2,162	-6,499	-5,000	-5,056	-4,446	2,472	-600	1,346	1,133	0	0	0
Net cash used in investing activities
-131,323	-138,015	-189,145	-149,740	-319,269	-232,918	-189,579	-127,394	-126,177	-89,363	-59,213	116,604	129,243	71,174	141,674	-150,698	-245,205	-307,532	-443,932	-330,689	-267,220	-209,689	-69,991	-144,502	-120,469	-119,790	-256,865	-126,171	-54,223	13,744	61,102	-98,492	-191,232	-260,387	-367,787	-460,795	-485,179	-479,167	0	0	0
Cash flows from financing activities
Proceeds from debt
Revolving Credit Facility
537,000	409,000	522,000	486,000	422,000	381,000	292,000	292,000	434,000	352,000	401,000	575,000	407,000	495,500	462,500	361,500	460,500	522,000	539,000	411,000	382,000	232,000	162,000	245,000	405,000	504,000	524,000	602,000	357,000	329,000	0	0	0	-	-	-	-	-	-	-	-
Other debt proceeds
221,860	43,615	34,141	24,012	16,756	13,406	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	11,569	22,732	23,748	31,617	94,049	86,707	209,440	211,152	403,117	0	0	0	-	-	-	-	-	-	-	-
Repayments of debt
Revolving Credit Facility
557,000	445,000	401,000	493,000	313,000	294,000	363,000	316,000	281,000	226,000	231,000	439,000	514,000	539,000	549,500	303,500	517,500	561,500	452,000	411,000	218,000	149,000	162,000	393,000	405,000	504,000	604,000	649,000	753,000	991,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Scheduled principal amortization
4,233	4,310	4,379	4,332	4,286	4,240	4,195	4,150	4,106	4,062	4,169	4,076	4,803	5,595	6,171	6,941	6,879	6,728	6,614	6,399	6,311	6,517	7,166	7,915	8,824	9,481	9,819	10,384	10,989	11,684	12,202	12,637	13,164	13,755	14,254	14,448	14,325	13,996	0	0	0
Other debt repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	322,907	307,682	145,175	155,307	155,307	262,275	312,273	394,653	394,653	252,620	258,300	486,266	612,093	615,068	574,154	250,213	124,386	51,900	632,222	673,100	698,100	305,099	-179,430	11,663	66,663	0	0	0
Deferred financing costs paid
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,361	9,162	3,359	2,436	3,371	3,552	14,667	14,675	13,113	0	0	0	-	-	-	-
Finance Lease, Principal Payments
-	-	-	-	-	15,379	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common shares
0	46,415	86,250	196,203	228,491	202,065	211,930	101,976	71,286	69,534	128,949	128,909	127,311	109,069	-46	-5	158	28,567	177,389	177,563	178,010	150,174	1,489	39,854	39,623	157,444	362,071	324,008	323,737	205,425	0	0	0	-	-	-	-	250,196	0	0	0
Redemption of preferred shares
-	-	-	-	-	-	-	-	-	199,083	199,083	199,083	26,583	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common share/unit dividends/distributions paid
123,187	122,657	121,772	119,376	116,718	114,286	111,744	110,685	109,929	109,174	107,842	106,553	105,233	104,135	104,069	104,017	103,994	103,638	101,754	99,854	97,940	96,330	96,240	95,740	95,234	93,474	89,287	85,506	81,751	89,161	0	0	0	-	-	-	-	-	-	-	-
Preferred share/unit dividends/distributions paid
-	-	-	-	-	-	-	-	-	9,305	12,858	16,410	14,239	14,210	14,210	14,210	14,210	14,210	14,209	14,210	15,793	16,731	17,669	18,606	19,719	21,335	23,587	23,391	21,168	19,087	0	0	0	-	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests in COPLP
0	-	-	0	0	-	-	4,262	4,329	4,426	4,514	4,531	4,604	4,619	4,647	4,653	4,706	4,752	4,803	4,828	4,972	5,008	5,039	5,096	4,841	4,958	5,023	5,062	5,259	5,828	6,448	7,180	7,833	7,875	7,936	7,877	7,926	8,099	0	0	0
Distributions paid to redeemable noncontrolling interests
0	-	-	-	0	-	-	-	-	-	-	-	-	15,206	17,322	17,299	16,719	2,993	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Redemption of vested equity awards
1,739	2,064	2,064	2,097	2,192	1,702	1,715	1,685	1,547	1,973	2,156	2,787	3,065	2,466	2,311	1,709	1,585	2,462	2,495	2,473	2,493	1,554	1,543	1,544	1,518	2,002	1,948	1,944	2,582	3,379	3,321	3,396	2,650	3,990	3,999	4,013	4,016	3,913	0	0	0
Other
-2,946	1,101	-387	1,406	2,581	-3,920	-521	2,857	3,101	5,275	-1,154	-3,281	-3,584	-5,694	3,249	1,210	892	5,722	-1,586	-1,756	-1,724	-1,609	-3,759	-2,036	-2,121	-1,862	-2,534	-539	-760	-845	988	-4,117	-86	245	261	4,148	553	60	0	0	0
Net cash provided by financing activities
46,311	-84,363	-2,132	-23,688	109,572	49,555	7,527	-66,660	-286,282	-338,546	-211,415	-345,946	-211,840	-155,088	-324,179	-78,628	93,708	157,757	210,375	77,773	69,038	-32,492	-113,527	11,124	-47,872	4,590	120,003	-10,810	-125,617	-200,547	-254,550	-80,049	23,635	103,701	201,808	292,241	333,950	324,571	0	0	0
Net increase (decrease) in cash and cash equivalents and restricted cash
151,112	6,180	24,575	38,157	-758	-2,881	308	-750	-216,225	-197,788	-36,903	-1,943	164,316	150,356	43,734	-23,757	58,060	54,233	-36,178	-39,142	-13,945	-48,296	12,700	67,020	-5,135	43,779	22,309	4,494	15,522	5,035	-6,495	-7,001	-4,619	-4,543	-229	1,824	2,426	1,840	0	0	0
Reconciliation of net income to net cash provided by operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
203,236	200,004	173,583	170,659	82,181	78,643	71,195	73,207	70,981	74,941	108,649	115,587	48,412	33,768	51,669	116,691	182,239	188,878	132,198	62,452	54,270	45,206	131,941	105,393	91,938	101,544	27,882	9,117	25,383	20,341	-89,142	-60,907	-98,775	-127,576	-20,351	-18,895	16,263	45,504	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and other amortization
136,689	138,903	142,309	141,906	140,257	139,063	136,978	137,237	136,966	136,501	135,404	132,917	133,311	134,870	138,263	144,728	145,269	142,231	137,268	129,055	126,480	138,490	138,436	137,368	135,092	119,773	117,126	118,662	121,495	124,418	128,879	134,277	134,654	136,594	138,952	133,703	131,211	125,819	0	0	0
Impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	101,341	119,541	94,189	25,736	23,523	3,827	1,562	1,651	1,419	1,499	23,345	29,212	31,068	33,049	64,061	59,080	62,702	139,267	86,367	128,758	151,021	0	0	0	-	-	-	-
(Gain) loss on interest rate derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and net debt discounts
3,702	3,639	3,631	3,546	3,469	3,393	3,271	3,342	3,781	4,307	4,943	5,500	5,738	5,885	5,900	5,968	5,829	5,588	6,085	5,916	5,674	5,587	4,805	4,769	5,090	5,451	5,839	6,045	6,199	6,243	6,202	6,304	6,409	6,596	6,786	6,711	6,504	5,871	0	0	0
Settlement of previously accreted interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,116	11,116	11,116	2,263	0	0	0	0	-	-	-	-	-	-	-	-
Increase in deferred rent receivable
3,782	4,091	5,118	3,570	5,648	4,621	5,793	6,790	3,972	2,651	-240	-1,800	-1,120	145	3,960	10,289	14,679	14,969	12,721	7,722	5,664	3,520	-61	352	562	5,196	11,832	13,437	13,453	11,776	10,454	7,826	8,421	10,102	9,998	8,630	7,391	5,706	0	0	0
Amortization of above or below market leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Amortization of net debt discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	611	231	620	1,159	2,005	2,918	3,090	3,155	3,119	3,738	4,666	5,540	6,259	6,559	6,573	5,841	0	0	0
Gain on sales of real estate
-	-	-	-	-	2,340	4,425	5,613	5,648	9,890	31,016	63,929	63,917	59,679	98,148	64,062	64,061	68,047	4,041	14,684	14,685	10,695	19,658	9,000	9,329	11,687	2,675	19,588	19,177	20,961	24,331	8,717	8,965	7,528	4,162	6,124	6,293	3,917	0	0	0
Share-based compensation
6,444	6,714	6,620	6,527	6,490	6,376	6,258	5,927	5,672	5,615	5,298	5,824	6,223	6,843	7,262	7,203	7,130	6,574	6,550	6,318	6,161	6,164	6,224	6,290	6,436	6,530	6,589	6,719	8,229	9,982	12,026	12,745	12,405	11,920	11,275	11,937	12,151	11,845	0	0	0
Loss (gain) on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	651	-71,290	-71,129	-69,148	-68,689	3,065	-708	-3,049	-3,430	0	0	0	-	-	-	-	-	-	-	-
Other
4,502	6,022	5,060	4,952	3,398	2,733	3,216	3,132	3,676	4,216	2,847	2,741	3,250	2,605	4,121	2,951	-366	-528	-1,126	-176	2,850	3,242	3,255	2,285	3,545	3,093	6,376	6,106	3,708	4,551	1,642	1,358	1,662	1,165	1,660	4,871	5,127	3,872	0	0	0
Changes in operating assets and liabilities:
Decrease in accounts receivable
3,627	7,141	16,214	34,223	1,171	-5,673	-7,689	-19,137	-5,653	-2,783	1,422	10,246	664	5,262	1,537	12,644	-8,658	-1,331	2,300	-12,560	7,160	2,011	6,406	11,230	19,809	11,698	491	11,366	401	-8,049	-5,131	-2,744	-9,376	6,243	1,343	340	5,781	1,680	0	0	0
Decrease (increase) in restricted cash and marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	121	895	-351	1,241	-2,841	-730	508	-1,352	2,433	-1,432	-658	-576	-301	117	-44	-14,934	0	0	0	-	-	-	-	-	-	-	-
Decrease (increase) in prepaid expenses and other assets, net
157	22,457	24,055	16,557	16,272	987	1,309	481	-273	-7,219	-7,937	5,444	7,021	16,559	11,697	-7,638	-15,146	-2,853	-11,199	6,821	15,984	10,126	17,343	6,435	8,438	3,764	5,956	3,798	-22,342	-8,550	0	0	0	-	-	-	-	-	-	-	-
(Decrease) increase in accounts payable, accrued expenses and other liabilities
-4,666	20,369	19,086	29,750	3,546	-49,179	-39,120	-42,726	-27,325	4,309	6,420	25,382	34,696	43,163	28,558	-783	-20,126	-3,620	189	24,412	33,010	25,091	28,189	18,275	11,300	3,960	-5	3,218	-6,826	4,101	-2,218	-10,715	356	-18,041	353	47	-5,094	-19,644	0	0	0
Decrease in restricted cash and marketable securities and prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Decrease in rents received in advance and security deposits
7,688	3,541	5,212	2,968	-538	4,827	-2,827	-302	-1,587	-3,913	-2,517	-6,591	-5,064	-7,350	-5,764	4,934	2,176	6,407	1,699	-149	3,284	-481	4,837	3,726	2,544	4,161	1,766	-3,029	-1,623	-1,916	-1,468	345	-1,780	-2,055	1,322	-1,993	-3,592	-1,018	0	0	0
Decrease in interest rate derivatives in connection with cash settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28,003	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by operating activities
236,124	228,558	215,852	211,585	208,939	180,482	182,360	193,304	196,234	230,121	233,725	227,399	246,913	234,270	226,239	205,569	209,557	204,008	197,379	213,774	184,237	193,885	196,218	200,398	163,206	158,979	159,171	141,475	195,362	191,838	186,953	171,540	162,978	152,143	165,750	170,378	153,655	156,436	0	0	0
Supplemental schedule of non-cash investing and financing activities:
(Decrease) increase in accrued capital improvements, leasing and other investing activity costs
19,789	35,913	32,477	33,523	5,667	6,570	-24,233	-2,818	8,239	-10,654	13,116	-581	8,709	5,950	6,888	-29,120	-20,320	-14,797	-15,327	19,301	309	-3,779	15,867	8,544	315	2,947	-2,694	-1,896	-18,408	-1,227	-25,222	-23,415	10,376	11,719	25,582	29,693	19,060	4,576	0	0	0
Finance right-of-use asset contributed by noncontrolling interest in joint venture
0	2,570	2,570	2,570	2,570	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating right-of-use assets obtained in exchange for operating lease liabilities
564	840	255	255	276	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash changes from property dispositions:
Increase in property and redeemable noncontrolling interests in connection with property contributed into a joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	22,600	22,600	22,600	22,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash changes from recognition of property sale previously accounted for as financing arrangement:
Other liabilities assumed on acquisition of operating properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,179	5,265	5,265	5,265	0	0	0	0	-	-	-	-	-	-	-	-	3,040	0	0	0	-	-	-	-
Increase in property and noncontrolling interests in connection with property contribution by a noncontrolling interest in a joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,000	0	0	0
Decrease in fair value of derivatives applied to accumulated other comprehensive loss and noncontrolling interests
-53,940	-25,817	-39,838	-27,389	-11,422	2,915	10,873	10,051	7,324	3,845	15,906	17,096	13,137	1,315	-10,694	-14,868	-8,853	-1,140	-6,516	-2,037	-6,124	-4,866	-928	-4,491	6,922	9,470	16,223	15,887	5,673	4,040	-30,024	-7,175	248	1,438	22,012	1,965	-2,674	-1,846	0	0	0
Decrease in redeemable noncontrolling interests and increase in other liabilities in connection with distribution payable to redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	6,675	6,683	6,675	6,675	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in noncontrolling interests and increase in shareholders’ equity in connection with the conversion of common units into common shares
1,688	1,586	1,687	26,732	26,732	27,413	27,316	2,833	2,860	4,636	4,602	3,360	3,704	1,167	1,167	400	29	2,151	2,449	2,918	3,314	1,843	1,551	1,466	1,473	3,997	5,617	5,696	5,545	2,814	1,433	1,889	1,702	1,521	1,873	1,068	5,315	9,567	0	0	0
Adjustments to noncontrolling interests resulting from changes in COPLP ownership
-702	167	919	2,598	3,624	2,466	2,966	1,674	1,404	1,486	2,705	2,667	2,458	2,158	133	168	153	682	3,725	3,829	3,788	3,382	219	-1,679	-1,416	744	5,027	6,598	6,768	4,627	629	-1,456	2,723	2,798	11,469	13,556	10,257	10,274	0	0	0
Noncontrolling Interest, Change in Redemption Value
5,051	1,749	1,850	3,954	2,099	1,837	949	-269	-634	-626	-139	673	864	621	-199	-506	113	-116	458	-112	479	-134	714	2,207	5,733	7,121	7,542	7,759	3,900	3,955	0	0	0	-	-	-	-	-	-	-	-
Corporate Office Properties, L.P.
Revenues from real estate operations received
536,803	530,280	524,652	523,296	519,608	528,066	0	518,761	512,593	510,551	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction contract and other service revenues received
113,698	94,677	71,942	36,617	30,215	33,579	0	81,025	88,272	102,531	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating expenses paid
199,967	196,611	199,086	197,310	197,409	197,647	0	190,536	188,952	186,577	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction contract and other service expenses paid
109,806	96,789	76,951	47,919	42,872	79,386	0	113,335	109,045	82,707	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General, administrative, leasing, business development and land carry costs paid
30,015	29,347	29,954	28,399	27,809	27,006	0	27,506	29,298	32,673	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense paid
65,960	67,475	69,667	71,201	71,650	72,460	0	72,883	72,622	73,079	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease incentives paid
11,952	9,482	8,060	6,082	4,633	7,679	0	5,175	6,200	9,725	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
3,323	3,305	2,997	2,604	3,510	3,036	0	2,984	1,517	1,831	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
236,124	228,558	215,852	211,585	208,939	180,482	0	193,304	196,234	230,121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development and redevelopment of properties
387,034	394,444	363,139	311,878	242,666	159,994	0	182,327	182,249	200,504	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant improvements on operating properties
30,081	23,809	23,602	24,331	30,195	35,098	0	38,050	35,570	33,409	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other capital improvements on operating properties
25,640	24,659	25,363	24,559	23,501	24,223	0	19,686	22,877	22,882	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing receivables funded
129	11,180	11,266	11,201	11,148	97	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasing costs paid
20,236	16,825	18,151	14,720	11,450	10,926	0	14,515	14,554	14,581	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
256	-849	2,257	2,293	2,251	4,522	0	143	456	112	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-131,323	-138,015	-189,145	-149,740	-319,269	-232,918	0	-127,394	-126,177	-89,363	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving Credit Facility
537,000	409,000	522,000	486,000	422,000	381,000	0	292,000	434,000	352,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other debt proceeds
221,860	43,615	34,141	24,012	16,756	13,406	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving Credit Facility
557,000	445,000	401,000	493,000	313,000	294,000	0	316,000	281,000	226,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Scheduled principal amortization
4,233	4,310	4,379	4,332	4,286	4,240	0	4,150	4,106	4,062	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs paid
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common shares
0	46,415	86,250	196,203	228,491	202,065	0	101,976	71,286	69,534	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common share/unit dividends/distributions paid
124,639	124,171	123,303	121,420	119,251	117,325	0	114,287	113,598	112,940	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to redeemable noncontrolling interests
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of vested equity awards
1,739	2,064	2,064	2,097	2,192	1,702	0	1,685	1,547	1,973	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-2,858	1,101	-387	1,406	2,416	-3,920	0	2,857	3,101	5,275	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
46,311	-84,363	-2,132	-23,688	109,572	49,555	0	-66,660	-286,282	-338,546	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents and restricted cash
151,112	6,180	24,575	38,157	-758	-2,881	0	-750	-216,225	-197,788	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
203,236	200,004	173,583	170,659	82,181	78,643	0	73,207	70,981	74,941	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and other amortization
136,689	138,903	142,309	141,906	140,257	139,063	0	137,237	136,966	136,501	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and net debt discounts
3,702	3,639	3,631	3,546	3,469	3,393	0	3,342	3,781	4,307	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in deferred rent receivable
3,782	4,091	5,118	3,570	5,648	4,621	0	6,790	3,972	2,651	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
6,444	6,714	6,620	6,527	6,490	6,376	0	5,927	5,672	5,615	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
4,502	6,022	5,060	4,952	3,398	2,733	0	3,132	3,676	4,216	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accounts receivable
3,627	7,141	16,214	34,223	1,171	-5,673	0	-19,137	-5,653	-2,783	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in prepaid expenses and other assets, net
2,081	23,255	24,144	16,514	16,539	1,735	0	432	-603	-6,398	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in accounts payable, accrued expenses and other liabilities
-2,742	21,167	19,175	29,707	3,813	-48,431	0	-42,775	-27,655	5,130	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in rents received in advance and security deposits
7,688	3,541	5,212	2,968	-538	4,827	0	-302	-1,587	-3,913	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
236,124	228,558	215,852	211,585	208,939	180,482	0	193,304	196,234	230,121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in accrued capital improvements, leasing and other investing activity costs
19,789	35,913	32,477	33,523	5,667	6,570	0	-2,818	8,239	-10,654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance right-of-use asset contributed by noncontrolling interest in joint venture
0	2,570	2,570	2,570	2,570	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating right-of-use assets obtained in exchange for operating lease liabilities
564	840	255	255	276	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in fair value of derivatives applied to accumulated other comprehensive loss and noncontrolling interests
-53,940	-25,817	-39,838	-27,389	-11,422	2,915	0	10,051	7,324	3,845	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling Interest, Change in Redemption Value
5,051	1,749	1,850	3,954	2,099	1,837	0	-269	-634	-626	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate Office Properties, L.P
Sale of properties
-	-	-	-	-	-	-	-	-	180,839	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Principal Payments
-	-	-	-	-	15,379	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred shares
-	-	-	-	-	-	-	-	-	199,083	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred share/unit dividends/distributions paid
-	-	-	-	-	-	-	660	6,384	9,965	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of real estate
-	-	-	-	-	2,340	0	5,613	5,648	9,890	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate Office Properties, L.P. [Member]
Payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-