Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Assets, Net

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Prepaid Expenses and Other Assets, Net
 6 Months Ended
Jun. 30, 2018
Prepaid Expense and Other Assets [Abstract]  
Prepaid Expenses and Other Assets, Net
Prepaid Expenses and Other Assets, Net
 
Prepaid expenses and other assets, net of COPT and subsidiaries consisted of the following (in thousands):
 
 
June 30,
2018
 
December 31,
2017
Lease incentives, net
$
18,376

 
$
19,011

Prepaid expenses
12,173

 
24,670

Interest rate derivatives
9,792

 
3,073

Furniture, fixtures and equipment, net
6,407

 
5,256

Non-real estate equity investments
5,076

 
5,056

Marketable securities in deferred compensation plan
4,194

 
4,616

Construction contract costs incurred in excess of billings
4,158

 
4,884

Restricted cash
4,105

 
2,570

Deferred tax asset, net (1)
1,774

 
1,892

Other assets
4,808

 
3,379

Prepaid expenses and other assets, net
$
70,863

 
$
74,407



(1) Includes a valuation allowance of $1.4 million.