Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of amortization of intangible assets and deferred revenue
We amortize the intangible assets and deferred revenue on real estate acquisitions discussed above as follows:
Asset Type
 
Amortization Period
Above- and below-market leases
 
Related lease terms
In-place lease value
 
Related lease terms
Tenant relationship value
 
Estimated period of time that tenant will lease space in property
Above- and below-market cost arrangements
 
Term of arrangements
Schedule of the estimated useful lives of fixed assets
We depreciate our fixed assets using the straight-line method over their estimated useful lives as follows:
 
 
Estimated Useful Lives
Buildings and building improvements
 
10-40 years
Land improvements
 
10-20 years
Tenant improvements on operating properties
 
Related lease term
Equipment and personal property
 
3-10 years
Schedule of characterization of dividends declared on common and preferred shares
The characterization of dividends paid on COPT’s common and preferred shares during each of the last three years was as follows:
 
 
Common Shares
 
Preferred Shares
 
 
For the Years Ended December 31,
 
For the Years Ended December 31,
 
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Ordinary income
 
86.5
%
 
48.0
%
 
38.3
%
 
100.0
%
 
100
%
 
38.3
%
Long-term capital gain
 
0.0
%
 
0.0
%
 
61.7
%
 
0.0
%
 
0.0
%
 
61.7
%
Return of capital
 
13.5
%
 
52.0
%
 
0.0
%
 
0.0
%
 
0.0
%
 
0.0
%