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Properties, Net (Tables) | 6 Months Ended
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Jun. 30, 2016
Real Estate [Abstract] |
Schedule of operating properties, net | Operating properties, net consisted of the following (in thousands):
| June 30, 2016 |  | December 31, 2015
Land | $ | 455,355 |  |  | $ | 463,305 |
Buildings and improvements | 3,005,802 |  |  | 3,157,587 |
Less: Accumulated depreciation | (678,827 | ) |  | (700,363 | )
Operating properties, net | $ | 2,782,330 |  |  | $ | 2,920,529 |
Schedule of projects in development or held for future development | Projects in development or held for future development consisted of the following (in thousands):
| June 30, 2016 |  | December 31, 2015
Land | $ | 209,202 |  |  | $ | 207,774 |
Development in progress, excluding land | 178,195 |  |  | 221,445 |
Projects in development or held for future development | $ | 387,397 |  |  | $ | 429,219 |
Components of assets held for sale | The table below sets forth the components of assets held for sale on our consolidated balance sheet for these properties (in thousands):
| June 30, 2016 |  | December 31, 2015
Properties, net | $ | 269,008 |  |  | $ | 90,188 |
Deferred rent receivable | 15,765 |  |  | 2,891 |
Intangible assets on real estate acquisitions, net | 1,591 |  |  | 1,591 |
Deferred leasing costs, net | 10,869 |  |  | 1,391 |
Lease incentives, net | 3,351 |  |  | 721 |
Assets held for sale, net | $ | 300,584 |  |  | $ | 96,782 |
Pro Forma results | The pro forma financial information was prepared for comparative purposes only and is not necessarily indicative of what would have occurred had these acquisitions been made at that time or of results which may occur in the future (in thousands, except per share amounts).
| For the Three Months Ended June 30, 2015 |  | For the Six Months Ended June 30, 2015
| (Unaudited)
Pro forma total revenues | $ | 175,996 |  |  | $ | 345,921 |
Pro forma net income attributable to COPT common shareholders | $ | 13,259 |  |  | $ | 24,106 |
Pro forma EPS: |  |  |
Basic | $ | 0.14 |  |  | $ | 0.25 |
Diluted | $ | 0.14 |  |  | $ | 0.25 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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