Maryland		52-1796339
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

Registrant’s telephone number, including area code    (202) 729-1700

				Page
Part I:    Financial Information
Item 1.		Financial Statements
		Consolidated balance sheets of CarrAmerica Realty Corporation and subsidiaries as of September 30, 2002 (unaudited) and December 31, 2001		4
		Consolidated statements of operations of CarrAmerica Realty Corporation and subsidiaries for the three and nine months ended September 30, 2002 and 2001 (unaudited)		5
		Consolidated statements of cash flows of CarrAmerica Realty Corporation and subsidiaries for the nine months ended September 30, 2002 and 2001 (unaudited)		6
		Notes to consolidated financial statements (unaudited)		7 to 14
Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		15 to 28
Item 3.		Quantitative and Qualitative Disclosures About Market Risk		29
Item 4.		Controls and Procedures		29
Part II:    Other Information
Item 1.		Legal Proceedings		30
Item 6.		Exhibits and Reports on Form 8-K		30

		September 30, 2002				December 31, 2001
		(unaudited)
Assets
Rental property:
Land		$	668,135			$	647,747
Buildings			1,933,075				1,857,775
Tenant improvements			352,190				362,736
Furniture, fixtures and equipment			3,803				3,789
			2,957,203				2,872,047
Less: Accumulated depreciation			(541,456	)			(477,694	)
Total rental property			2,415,747				2,394,353
Land held for development or sale			45,442				45,195
Construction in progress			9,966				19,324
Cash and cash equivalents			4,631				5,041
Restricted deposits			17,867				5,410
Accounts and notes receivable,net			21,499				34,436
Investments in unconsolidated entities			125,656				118,479
Accrued straight-line rents			72,301				66,781
Tenant leasing costs, net			41,671				53,894
Deferred financing costs, net			3,122				2,640
Prepaid expenses and other assets, net			44,227				29,874
		$	2,802,129			$	2,775,427
Liabilities, Minority Interest, and Stockholders’ Equity
Liabilities:
Mortgages and notes payable, net		$	1,565,184			$	1,399,230
Accounts payable and accrued expenses			84,476				82,671
Rents received in advance and security deposits			30,793				32,326
Total liabilities			1,680,453				1,514,227
Minority interest			77,962				83,393
Stockholders’ equity:
Preferred stock, $.01 par value, authorized 35,000,000 shares:
Series A Cumulative Convertible Redeemable Preferred Stock, 80,000 shares issued and outstanding at December 31, 2001 with an aggregate liquidation preference of $2,000			—				1
Series B, C, and D Cumulative Redeemable Preferred Stock, 3,685,365 and 8,800,000 shares issued and outstanding with an aggregate liquidation preference of $260,707 and $400,000 at September 30, 2002 and December 31, 2001, respectively.			37				88
Common Stock, $.01 par value, authorized 180,000,000 shares issued and outstanding 53,131,069 shares at September 30, 2002 and 51,965,066 shares at December 31, 2001.			531				520
Additional paid-in capital			1,243,600				1,356,912
Cumulative dividends in excess of net income			(200,454	)			(179,714	)
Total stockholders’ equity			1,043,714				1,177,807
Commitments and contingencies
		$	2,802,129			$	2,775,427

		Three Months Ended September 30,								Nine Months Ended September 30,
		2002				2001				2002				2001
Operating revenues:
Rental revenue:
Base rent		$	104,524			$	105,048			$	314,469			$	310,592
Recoveries from tenants			19,407				14,715				49,127				43,439
Parking and other tenant charges			3,717				3,920				9,021				10,796
Total rental revenue			127,648				123,683				372,617				364,827
Real estate service revenue			5,560				6,682				17,175				26,522
Total operating revenues			133,208				130,365				389,792				391,349
Operating expenses:
Property expenses:
Operating expenses			33,250				30,156				93,633				90,564
Real estate taxes			10,741				8,760				33,771				28,377
Interest expense			24,456				20,352				73,573				63,102
General and administrative			10,227				10,844				29,345				37,184
Depreciation and amortization			29,964				31,426				92,515				89,566
Total operating expenses			108,638				101,538				322,837				308,793
Real estate operating income			24,570				28,827				66,955				82,556
Other income (expense):
Interest income			208				641				618				2,768
Obligations under lease guarantees			—				—				(8,693	)			—
Equity in earnings of unconsolidated entities			1,644				1,229				5,889				8,257
Total other income (expense)			1,852				1,870				(2,186	)			11,025
Income from continuing operations before income taxes, minority interest, and gain on sale of assets and other provisions, net			26,422				30,697				64,769				93,581
Income taxes			(106	)			(713	)			(200	)			(947	)
Minority interest			(5,113	)			(2,755	)			(11,120	)			(7,284	)
Gain on sale of assets and other provisions, net			7,042				28				9,057				1,082
Income from continuing operations			28,245				27,257				62,506				86,432
Discontinued operations—Net operations of sold property			789				1,687				4,213				5,338
Discontinued operations—Gain on sale of property			19,085				—				19,085				—
Income from discontinued operations			19,874				1,687				23,298				5,338
Net income