Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Properties, net:
Operating properties, net	$ 3,289,959	$ 3,246,806
Projects in development or held for future development	314,729	256,872
Total properties, net	3,604,688	3,503,678
Property - operating right-of-use assets	40,523	41,296
Cash and cash equivalents	34,478	167,820
Investment in unconsolidated real estate joint ventures	39,720	41,052
Accounts receivable, net	42,240	48,946
Deferred rent receivable	159,182	149,237
Lease incentives, net	63,034	61,331
Deferred leasing costs (net of accumulated amortization of $44,178 and $41,448, respectively)	71,815	70,057
Prepaid expenses and other assets, net	95,086	82,037
Total assets	4,234,302	4,246,966
Liabilities:
Debt, net	2,390,839	2,416,287
Accounts payable and accrued expenses	134,112	133,315
Rents received in advance and security deposits	33,213	35,409
Dividends and distributions payable	33,915	32,644
Deferred revenue associated with operating leases	37,660	29,049
Property - operating lease liabilities	33,615	33,931
Other liabilities	15,917	18,996
Total liabilities	2,679,271	2,699,631
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests	22,436	23,580
Shareholders’ equity:
Common Shares of beneficial interest ($0.01 par value; 150,000,000 shares authorized; shares issued and outstanding of 112,693,206 at September 30, 2024 and 112,555,352 at December 31, 2023)	1,127	1,126
Additional paid-in capital	2,493,340	2,489,989
Cumulative distributions in excess of net income	(1,005,260)	(1,009,318)
Accumulated other comprehensive income	58	2,115
Total shareholders’ equity	1,489,265	1,483,912
Noncontrolling interests in subsidiaries:
Common units in COPT Defense Properties, L.P. (“CDPLP”)	28,918	25,502
Other consolidated entities	14,412	14,341
Noncontrolling interests in subsidiaries	43,330	39,843
Total equity	1,532,595	1,523,755
Total liabilities, redeemable noncontrolling interests and equity	4,234,302	4,246,966
Investing Receivables
Properties, net:
Investing receivables (net of allowance for credit losses of $2,867 and $2,377, respectively)	$ 83,536	$ 81,512