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Income Statement
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Common Size IS
Op Efficiency
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CORPORATE OFFICE PROPERTIES TRUST (OFC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-23Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21Dec-31-20
   10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Revenues          
Lease revenue  150.6142.3141.4119.6145.7136.5137.3139.1
Other property revenue  1.11.00.90.80.80.80.5 
Construction contract and other service revenues  167.5185.8195.5163.7174.6157.2154.4164.0
            Construction contract and other service revenues growth  -14.3%18.2%26.6%-0.2%12.8%8.6%5.9%4.0%
    Total revenues  167.5185.8195.5163.7174.6157.2154.4164.0
            Total revenues growth  -14.3%18.2%26.6%-0.2%12.8%8.6%5.9%4.0%
Operating expenses          
Property operating expenses  59.454.157.2  50.953.3 
Depreciation and amortization associated with real estate operations  37.034.834.326.136.634.734.536.7
Construction contract and other service expenses  15.241.351.742.127.119.115.823.6
General, administrative and leasing expenses  10.08.48.59.29.39.28.49.9
Business development expenses and land carry costs  0.50.70.81.11.11.41.11.0
    Total operating expenses  122.1139.3152.4123.0131.3115.3113.1123.2
Interest expense  -16.4-14.8-14.4-16.2-15.7-15.9-17.5-17.1
Interest and other income  2.31.81.92.01.82.21.93.3
Credit loss (expense) recoveries  -0.1-0.20.3  -0.2  
Loss on early extinguishment of debt    -0.3-41.1-1.2-25.2-33.2-4.1
    Income from continuing operations before equity in (loss) income of unconsolidated entities and income taxes  80.633.330.511.328.543.0-7.183.4
Equity in (loss) income of unconsolidated entities  -0.10.30.90.30.30.30.20.5
Income tax expense  -0.10.0-0.20.00.00.00.0-0.3
            Tax rate  0.2%0.0%0.5%0.4%0.2%0.1% 0.3%
    Income from continuing operations  80.433.631.311.628.843.2-6.983.5
Discontinued operations    29.6  0.70.8 
    Net income  80.433.660.815.028.843.9-13.083.5
   
Net income attributable to noncontrolling interests:          
Common units in COPLP  -1.3-0.5-0.9-0.2-0.4-0.60.1-1.0
Other consolidated entities  -0.3-0.8-0.6-1.1-1.3-0.9-0.7-0.8
    Net income attributable to common shareholders  78.833.659.315.028.843.9-13.083.5
   
Basic earnings per common share:          
Income from continuing operations - basic (in dollars per share)  0.00.00.0  0.00.0 
Discontinued operations - basic (in dollars per share)    0.0  0.00.0 
   
    Net income attributable to common shareholders - basic (in dollars per share)  $0.70$0.29$0.53$0.12$0.24$0.38($0.06)$0.73
   
Diluted earnings per common share:          
Income from continuing operations - diluted (in dollars per share)  0.00.00.0  0.00.0 
Discontinued operations - diluted (in dollars per share)    0.0  0.00.0 
    Net income attributable to common shareholders - diluted (in dollars per share)  $0.70$0.29$0.52$0.12$0.24$0.38($0.06)$0.73

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