Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
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 Shorter of remaining useful lives of assets or related lease term
Equipment and personal property
3-10 years
Schedule of amortization of intangible assets and deferred revenue
We amortize intangible assets and deferred revenue on property acquisitions 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 characterization of dividends declared on common and preferred shares The characterization of dividends paid on COPT’s common shares during each of the last three years was as follows:
For the Years Ended December 31,
2021 2020 2019
Ordinary income 33.3  % 45.1  % 54.4  %
Long-term capital gain 57.3  % 54.9  % 45.6  %
Return of capital 9.4  % —  % —  %