Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Properties, net:
Operating properties, net	$ 3,272,452	$ 3,246,806
Projects in development or held for future development	245,426	256,872
Total properties, net	3,517,878	3,503,678
Property - operating right-of-use assets	40,368	41,296
Cash and cash equivalents	123,144	167,820
Investment in unconsolidated real estate joint ventures	40,597	41,052
Accounts receivable, net	50,088	48,946
Deferred rent receivable	153,788	149,237
Lease incentives, net	61,150	61,331
Deferred leasing costs (net of accumulated amortization of $41,846 and $41,448, respectively)	70,902	70,057
Prepaid expenses and other assets, net	92,457	82,037
Total assets	4,232,895	4,246,966
Liabilities:
Debt, net	2,416,873	2,416,287
Accounts payable and accrued expenses	111,981	133,315
Rents received in advance and security deposits	37,557	35,409
Dividends and distributions payable	33,906	32,644
Deferred revenue associated with operating leases	34,019	29,049
Property - operating lease liabilities	33,141	33,931
Other liabilities	16,406	18,996
Total liabilities	2,683,883	2,699,631
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests	22,966	23,580
Shareholders’ equity:
Common Shares of beneficial interest ($0.01 par value; 150,000,000 shares authorized; shares issued and outstanding of 112,640,861 at March 31, 2024 and 112,555,352 at December 31, 2023)	1,126	1,126
Additional paid-in capital	2,487,468	2,489,989
Cumulative distributions in excess of net income	(1,009,964)	(1,009,318)
Accumulated other comprehensive income	3,849	2,115
Total shareholders’ equity	1,482,479	1,483,912
Noncontrolling interests in subsidiaries:
Common units in COPT Defense Properties, L.P. (“CDPLP”)	29,214	25,502
Other consolidated entities	14,353	14,341
Noncontrolling interests in subsidiaries	43,567	39,843
Total equity	1,526,046	1,523,755
Total liabilities, redeemable noncontrolling interests and equity	4,232,895	4,246,966
Investing Receivables
Properties, net:
Investing receivables (net of allowance for credit losses of $2,361 and $2,377, respectively)	$ 82,523	$ 81,512