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CORPORATE OFFICE PROPERTIES TRUST (OFC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues          
Lease revenue  553.7509.1493.2512.3504.9   
Other property revenue  2.92.64.9     
Construction contract and other service revenues  664.4582.4611.8578.1612.8574.3519.1479.7
            Construction contract and other service revenues growth  14.1%-4.8%5.8%-5.7%6.7%10.6%8.2%-3.8%
    Total revenues  664.4582.4611.8578.1612.8574.3519.1479.7
            Total revenues growth  14.1%-4.8%5.8%-5.7%6.7%10.6%8.2%-3.8%
Operating expenses          
Depreciation and amortization associated with real estate operations  137.5126.5125.0137.1134.2132.7140.0136.1
Construction contract and other service expenses  104.167.6110.058.3    
General, administrative and leasing expenses  36.133.035.428.930.836.631.431.8
Business development expenses and land carry costs  4.64.54.25.86.28.2  
    Total operating expenses  495.7423.9460.4433.6477.0521.9505.4454.9
Interest expense  -65.4-67.9-71.1-75.4-77.0-83.2-89.1-92.4
Interest and other income  7.98.67.94.46.35.44.54.9
Loss on early extinguishment of debt  -100.6-7.3 -0.3-0.5-1.185.3-9.6
    Income from continuing operations before equity in (loss) income of unconsolidated entities and income taxes  77.399.1193.575.674.533.3120.834.6
Equity in (loss) income of unconsolidated entities  1.11.81.62.71.50.80.10.2
Income tax expense  -0.1-0.40.20.4-1.1-0.2-0.2-0.3
            Tax rate  0.2%0.4%  1.5%0.7%0.2%0.9%
    Income from continuing operations  78.2100.6195.478.674.933.8120.734.5
Discontinued operations  3.42.34.7   0.20.0
    Net income  81.6102.9200.078.674.933.8188.945.2
   
Net income attributable to noncontrolling interests:          
Common units in COPLP  -1.0-1.2-2.4-1.7-1.9-0.5-6.4-1.0
Other consolidated entities  -4.0-4.0-5.4-3.9-3.6-3.7-3.5-3.3
    Net income attributable to common shareholders  81.6102.9200.078.674.914.6164.122.5
   
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)  0.00.00.0     
   
    Net income attributable to common shareholders - basic (in dollars per share)  $0.68$0.87$1.72$0.69$0.56$0.15$1.74$0.25
   
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)  0.00.00.0     
    Net income attributable to common shareholders - diluted (in dollars per share)  $0.68$0.87$1.71$0.69$0.56$0.15$1.74$0.25

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