COPT Defense Properties (CDP) 10-K 2002 FY Annual report

EXHIBIT 13.2

Corporate Office Properties Trust

 Schedule III — Real Estate Depreciation and Amortization

December 31, 2002

(Dollars in thousands)

					Initial Cost
Property	Location	Building Type	Encumbrances		Land		Building and Land Improvements		Costs Capitalized Subsequent to Acquisition		Gross Amounts Carried at Close of Period		Accumulated Depreciation			Year Built or Renovated		Date Acquired	Depreciation Life
751, 753 760, 785 Jolly Road	Blue Bell, PA	Office	$	65,218	$	23,371	$	88,451	$	99	$	111,921	$	(11,538	)	1966/1996		10/14/1997	40 Years
15000 Conference Center Drive	Chantilly, VA	Office	33,741		9,458		49,808		711		59,977		(1,971		)	1989		11/30/2001	40 Years
2730 Hercules Road	Annapolis Junction, MD	Office	23,616		8,737		31,612		1		40,350		(3,367		)	1990		9/28/1998	40 Years
15049 Conference Center Drive	Chantilly, VA	Office	15,907		5,519		22,079		—		27,598		(313		)	1997		8/14/2002	40 Years
11800 Tech Road	Silver Spring, MD	Office	19,600		5,437		21,747		3		27,187		(337		)	1969/1989		8/1/2002	40 Years
2711 Technology Drive	Annapolis Junction, MD	Office	19,146		3,055		21,631		—		24,686		(450		)	2002		11/13/2000	40 Years
695 Route 46	Fairfield, NJ	Office	10,554		3,734		14,936		3,325		21,995		(2,660		)	1990		5/28/1998	40 Years
6731 Columbia Gateway Drive	Columbia, MD	Office	11,570		3,948		17,174		10		21,132		(214		)	2002		3/29/2000	40 Years
431 Ridge Road	Dayton, NJ	Office	11,977		2,782		11,128		6,936		20,846		(2,480		)	1958/1998		10/14/1997	40 Years
7200 Riverwood Drive	Columbia, MD	Office	10,013		4,089		16,356		70		20,515		(1,724		)	1986		10/13/1998	40 Years
15059 Conference Center Drive	Chantilly, VA	Office	16,000		3,965		15,862		228		20,055		(238		)	2000		8/14/2002	40 Years
9690 Deereco Road	Timonium, MD	Office	9,525		3,431		13,723		1,329		18,483		(1,392		)	1988		12/21/1999	40 Years
6009 — 6011 Oxon Hill Road	Oxon Hill, MD	Office	10,824		3,435		13,738		1,154		18,327		(1,892		)	1990		9/28/1998	40 Years
2701 Technology Drive	Annapolis Junction, MD	Office	14,581		3,031		15,119		5		18,155		(560		)	2001		5/26/2000	40 Years
6950 Columbia Gateway Drive	Columbia, MD	Office	10,175		3,596		14,269		47		17,912		(1,496		)	1998		10/21/1998	40 Years
2721 Technology Drive	Annapolis Junction, MD	Office	13,574		2,947		14,652		6		17,605		(804		)	2000		10/21/1999	40 Years
7000 Columbia Gateway Drive	Columbia, MD	Office	12,000		3,239		12,957		—		16,196		(260		)	1999		5/31/2002	40 Years
132 National Business Parkway	Annapolis Junction, MD	Office	11,834		2,917		12,427		21		15,365		(869		)	2000		5/28/1999	40 Years
429 Ridge Road	Dayton, NJ	Office	12,624		2,932		11,729		356		15,017		(1,593		)	1966/1996		10/14/1997	40 Years
1306 Concourse Drive	Linthicum, MD	Office	10,025		2,796		11,186		429		14,411		(998		)	1990		11/18/1999	40 Years
1304 Concourse Drive	Linthicum, MD	Office	11,775		1,999		12,136		5		14,140		(182		)	2002		11/18/1999	40 Years
6750 Alexander Bell Drive	Columbia, MD	Office	9,004		1,263		12,459		21		13,743		(808		)	2000		12/31/1998	40 Years
6940 Columbia Gateway Drive	Columbia, MD	Office	9,343		3,545		9,914		164		13,623		(841		)	1999		11/13/1998	40 Years
7067 Columbia Gateway Drive	Columbia, MD	Office	9,269		1,829		11,677		2		13,508		(302		)	2001		8/30/2001	40 Years
375 W. Padonia Road	Timonium, MD	Office	6,549		2,604		10,415		148		13,167		(792		)	1986		12/21/1999	40 Years
133 National Business Parkway	Annapolis Junction, MD	Office	9,937		2,517		10,068		492		13,077		(1,248		)	1997		9/28/1998	40 Years
710 Route 46	Fairfield, NJ	Office	5,666		2,154		8,615		1,545		12,314		(1,363		)	1985		5/28/1998	40 Years
135 National Business Parkway	Annapolis Junction, MD	Office	7,742		2,484		9,750		67		12,301		(1,017		)	1998		12/30/1998	40 Years
141 National Business Parkway	Annapolis Junction, MD	Office	7,418		2,398		9,590		279		12,267		(1,112		)	1990		9/28/1998	40 Years
870 — 880 Elkridge Landing Road	Linthicum, MD	Office	—		2,298		9,168		729		12,195		(360		)	1981		8/3/2001	40 Years
1615 and 1629 Thames Street	Baltimore, MD	Office	6,711		2,080		8,322		1,142		11,544		(1,195		)	1989		9/28/1998	40 Years
2605 Interstate Drive	Harrisburg, PA	Office	—		2,089		8,355		862		11,306		(1,237		)	1990		10/14/1997	40 Years
134 National Business Parkway	Annapolis Junction, MD	Office	7,783		3,684		7,530		23		11,237		(703		)	1999		11/13/1998	40 Years
920 Elkridge Landing Road	Linthicum, MD	Office	8,917		2,200		8,778		75		11,053		(328		)	1982		7/2/2001	40 Years
1302 Concourse Drive	Linthicum, MD	Office	7,451		2,078		8,313		492		10,883		(849		)	1996		11/18/1999	40 Years
900 Elkridge Landing Road	Linthicum, MD	Office	7,168		1,993		7,972		402		10,367		(1,066		)	1982		4/30/1998	40 Years
131 National Business Parkway	Annapolis Junction, MD	Office	5,989		1,906		7,623		802		10,331		(1,067		)	1990		9/28/1998	40 Years
2601 Market Place	Harrisburg, PA	Office	5,951		1,928		7,713		381		10,022		(1,072		)	1989		10/14/1997	40 Years
68 Culver Road	Dayton, NJ	Office	8,314		861		8,794		4		9,659		(509		)	2000		7/9/1999	40 Years
999 Corporate Boulevard	Linthicum, MD	Office	7,741		1,187		8,334		6		9,527		(535		)	2000		8/1/1999	40 Years
6700 Alexander Bell Drive	Columbia, MD	Office	5,176		1,755		7,019		531		9,305		(303		)	1988		5/14/2001	40 Years
7467 Ridge Road	Hanover, MD	Office	5,894		1,629		6,517		553		8,699		(847		)	1990		4/28/1999	40 Years
1199 Winterson Road	Linthicum, MD	Office	5,750		1,599		6,395		411		8,405		(775		)	1988		4/30/1998	40 Years
7240 Parkway Drive	Hanover, MD	Office	4,330		1,496		5,985		686		8,167		(483		)	1985		4/18/2000	40 Years
6740 Alexander Bell Drive	Columbia, MD	Office	4,672		1,424		5,696		984		8,104		(939		)	1992		12/31/1998	40 Years
14502 Greenview Drive	Laurel, MD	Office	4,900		1,482		5,899		516		7,897		(844		)	1988		9/28/1998	40 Years
849 International Drive	Linthicum, MD	Office	4,877		1,356		5,426		916		7,698		(735		)	1988		2/23/1999	40 Years
14504 Greenview Drive	Laurel, MD	Office	4,628		1,429		5,716		288		7,433		(737		)	1985		9/28/1998	40 Years
1099 Winterson Road	Linthicum, MD	Office	4,759		1,323		5,293		781		7,397		(816		)	1988		4/30/1998	40 Years
1190 Winterson Road	Linthicum, MD	Office	4,802		1,335		5,340		697		7,372		(739		)	1987		4/30/1998	40 Years
9140 Route 108	Columbia, MD	Office	6,425		1,637		5,500		109		7,246		(309		)	1974/1985		12/14/2000	40 Years
6716 Alexander Bell Drive	Columbia, MD	Office	4,075		1,242		4,969		992		7,203		(880		)	1990		12/31/1998	40 Years
911 Elkridge Landing Road	Linthicum, MD	Office	4,371		1,215		4,861		820		6,896		(836		)	1985		4/30/1998	40 Years
104 Interchange Plaza	Cranbury, NJ	Office	4,539		1,329		5,315		132		6,776		(570		)	1990		10/30/1998	40 Years
6345 Flank Drive	Harrisburg, PA	Office	4,359		1,324		5,268		134		6,726		(479		)	1989		12/3/1999	40 Years
101 Interchange Plaza	Cranbury, NJ	Office	3,980		1,160		4,666		673		6,499		(694		)	1985		10/30/1998	40 Years
4301 Route 1	Monmouth Junction, NJ	Office	4,276		1,208		4,832		424		6,464		(715		)	1986		6/24/1999	40 Years
1201 Winterson Road	Linthicum, MD	Office	4,634		1,288		5,154		21		6,463		(605		)	1985		4/30/1998	40 Years
6340 Flank Drive	Harrisburg, PA	Office	4,196		1,274		5,071		50		6,395		(396		)	1988		12/3/1999	40 Years
6711 Columbia Gateway Drive	Columbia, MD	Office	—		3,970		2,405		—		6,375		—			(1	)	1/31/2002	40 Years
891 Elkridge Landing Road	Linthicum, MD	Office	4,416		1,233		4,926		142		6,301		(191		)	1984		7/2/2001	40 Years

					Initial Cost
Property	Location	Building Type	Encumbrances		Land		Building and Land Improvements		Costs Capitalized Subsequent to Acquisition		Gross Amounts Carried at Close of Period		Accumulated Depreciation			Year Built or Renovated		Date Acquired		Depreciation Life
901 Elkridge Landing Road	Linthicum, MD	Office	4,103		1,148		4,574		381		6,103		(211		)	1984		7/2/2001		40 Years
938 Elkridge Landing Road	Linthicum, MD	Office	4,950		1,195		4,775		48		6,018		(182		)	1984		7/2/2001		40 Years
5035 Ritter Road	Harrisburg, PA	Office	3,676		1,116		4,442		16		5,574		(345		)	1988		12/3/1999		40 Years
6400 Flank Drive	Harrisburg, PA	Office	3,600		1,093		4,350		25		5,468		(339		)	1992		12/3/1999		40 Years
881 Elkridge Landing Road	Linthicum, MD	Office	3,720		1,034		4,137		290		5,461		(510		)	1986		4/30/1998		40 Years
7065 Columbia Gateway Drive	Columbia, MD	Office	3,711		1,081		4,326		1		5,408		(144		)	2000		8/30/2001		40 Years
939 Elkridge Landing Road	Linthicum, MD	Office	3,377		939		3,756		688		5,383		(584		)	1983		4/30/1998		40 Years
6724 Alexander Bell Drive	Columbia, MD	Office	3,118		449		4,836		2		5,287		(74		)	2002		5/14/2001		40 Years
900 International Drive	Linthicum, MD	Office	3,643		1,013		4,053		219		5,285		(491		)	1986		4/30/1998		40 Years
921 Elkridge Landing Road	Linthicum, MD	Office	3,755		1,044		4,176		50		5,270		(491		)	1983		4/30/1998		40 Years
7063 Columbia Gateway Drive	Columbia, MD	Office	3,483		1,036		4,144		1		5,181		(138		)	2000		8/30/2001		40 Years
930 International Drive	Linthicum, MD	Office	3,526		981		3,922		264		5,167		(475		)	1986		4/30/1998		40 Years
7321 Parkway Drive	Hanover, MD	Office	3,401		940		3,760		365		5,065		(463		)	1984		4/16/1999		40 Years
940 Elkridge Landing Road	Linthicum, MD	Office	3,758		986		3,924		66		4,976		(150		)	1984		7/2/2001		40 Years
7320 Parkway Drive	Hanover, MD	Office	—		991		3,966		—		4,957		(110		)	1983		4/4/2002		40 Years
7318 Parkway Drive	Hanover, MD	Office	3,517		972		3,888		91		4,951		(376		)	1984		4/16/1999		40 Years
6760 Alexander Bell Drive	Columbia, MD	Office	2,920		890		3,561		335		4,786		(390		)	1991		12/31/1998		40 Years
6360 Flank Drive	Harrisburg, PA	Office	2,999		911		3,625		238		4,774		(356		)	1988		12/3/1999		40 Years
1340 Ashton Road	Hanover, MD	Office	3,274		905		3,620		1		4,526		(332		)	1989		4/28/1999		40 Years
9140 Guilford Road	Columbia, MD	Office	3,173		878		3,513		116		4,507		(92		)	1983		4/4/2002		40 Years
6708 Alexander Bell Drive	Columbia, MD	Office	2,646		897		3,588		3		4,488		(142		)	1988		5/14/2001		40 Years
7061 Columbia Gateway Drive	Columbia, MD	Office	2,783		827		3,310		1		4,138		(110		)	2000		8/30/2001		40 Years
6385 Flank Drive	Harrisburg, PA	Office	2,502		811		3,242		46		4,099		(436		)	1995		10/14/1997		40 Years
2720 Technology Drive	Annapolis Junction, MD	Office	3,000		3,757		306		—		4,063		—			(1	)	(3	)	40 Years
800 International Drive	Linthicum, MD	Office	2,786		775		3,099		117		3,991		(373		)	1988		4/30/1998		40 Years
9160 Guilford Road	Columbia, MD	Office	2,788		772		3,088		27		3,887		(80		)	1984		4/4/2002		40 Years
1334 Ashton Road	Hanover, MD	Office	2,664		736		2,946		101		3,783		(331		)	1989		4/28/1999		40 Years
47 Commerce Drive	Cranbury, NJ	Office	2,584		756		3,025		1		3,782		(315		)	1992/1998		10/30/1998		40 Years
Stonecroft Land	Chantilly, VA	Office	—		3,620		23		—		3,643		—			(2	)	7/18/2002		N/A
437 Ridge Road	Dayton, NJ	Office	3,085		717		2,866		28		3,611		(381		)	1962/1996		10/14/1997		40 Years
114 National Business Parkway	Annapolis Junction, MD	Retail	—		364		3,052		3		3,419		(61		)	2002		6/30/2000		40 Years
6405 Flank Drive	Harrisburg, PA	Office	2,159		656		2,610		6		3,272		(202		)	1991		12/3/1999		40 Years
5070 Ritter Road— Bldg A	Harrisburg, PA	Office	1,920		583		2,320		211		3,114		(258		)	1989		12/3/1999		40 Years
6380 Flank Drive	Harrisburg, PA	Office	1,941		589		2,346		74		3,009		(201		)	1991		12/3/1999		40 Years
1331 Ashton Road	Hanover, MD	Office	2,122		587		2,347		—		2,934		(215		)	1989		4/28/1999		40 Years
5070 Ritter Road— Bldg B	Harrisburg, PA	Office	1,680		510		2,030		44		2,584		(176		)	1989		12/3/1999		40 Years
7 Centre Drive	Cranbury, NJ	Office	1,606		470		1,881		122		2,473		(277		)	1989		10/30/1998		40 Years
2 Centre Drive	Cranbury, NJ	Office	1,641		480		1,922		—		2,402		(200		)	1989		10/30/1998		40 Years
95 Shannon Road	Harrisburg, PA	Office	1,459		472		1,891		3		2,366		(162		)	1995		8/12/1999		40 Years
75 Shannon Road	Harrisburg, PA	Office	1,388		450		1,799		107		2,356		(181		)	1995		8/12/1999		40 Years
8 Centre Drive	Cranbury, NJ	Office	1,327		388		1,554		256		2,198		(294		)	1986		10/30/1998		40 Years
1350 Dorsey Road	Hanover, MD	Office	1,423		393		1,573		218		2,184		(194		)	1989		4/28/1999		40 Years
1344 Ashton Road	Hanover, MD	Office	1,285		355		1,421		124		1,900		(146		)	1989		4/28/1999		40 Years
9150 Guilford Road	Columbia, MD	Office	1,348		373		1,492		29		1,894		(39		)	1984		4/4/2002		40 Years
6375 Flank Drive	Harrisburg, PA	Office	1,119		191		1,622		—		1,813		(81		)	2000		11/4/1999		40 Years
1341 Ashton Road	Hanover, MD	Office	1,106		306		1,223		79		1,608		(154		)	1989		4/28/1999		40 Years
9130 Guilford Road	Columbia, MD	Office	1,046		289		1,158		29		1,476		(31		)	1984		4/4/2002		40 Years
85 Shannon Road	Harrisburg, PA	Office	855		277		1,109		3		1,389		(95		)	1995		8/12/1999		40 Years
1343 Ashton Road	Hanover, MD	Office	700		193		774		1		968		(71		)	1989		4/28/1999		40 Years
Commerce 2 Building	Harrisburg, PA	Office	—		—		768		—		768		—			(1	)	(3	)	N/A
Airport Square XXII	Linthicum, MD	Office	—		630		13		—		643		—			(2	)	12/19/2001		N/A
4851 Stonecroft Boulevard	Chantilly, VA	Office	—		466		9		—		475		—			(2	)	8/14/2002		N/A
6013&6007 Oxon Hill Road	Oxon Hill, MD	Office	—		357		—		—		357		—			(2	)	7/30/2001		40 Years
Other Developments	Various	Office	—		—		111		—		111		—			(1	)	(3	)
1338 Ashton Road	Hanover, MD	Office	36		50		—		12		62		(1		)	(2	)	4/28/1999		40 Years
			$	698,994	$	219,923	$	870,229	$	37,073	$	1,127,225	$	(76,095	)

⁽¹⁾ Under construction or development at December 31, 2002.

⁽²⁾ Held for future development at December 31, 2002.

⁽³⁾ Development in progress in anticipation of acquisition

1

The following table summarizes our changes in cost of properties (in thousands):

Balance at December 31, 2001	$	967,558
Property acquisitions	145,154
Building and land improvements	23,032
Sales	(8,519		)
Balance at December 31, 2002	$	1,127,225

The following table summarizes our changes in accumulated depreciation (in thousands):

Balance at December 31, 2001	$	51,552
Depreciation expense	25,049
Sales	(506		)
Balance at December 31, 2002	$	76,095