Profile
Sector:
Real EstateIndustry:
OfficeCountry:
United StatesIPO:
31 December 1991Website:
http://www.copt.comNext earnings report:
N/ALast dividends:
28 September 2023Next dividends:
N/AAnalysts recommendations
Institutional Ownership
Included in screeners
Similar companies
OFC Latest News
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its President and CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at the BofA Securities 2023 Global Real Estate Conference. The presentation will be held on Tuesday, September 12, 2023 at 1:25 p.m. Eastern Time. A live audio webcast of the presentation will be available in the ‘News & Events – IR Calendar'.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Corporate Office Properties (OFC) have what it takes?
Corporate Office Properties is reaching new milestones in its Defense/IT segment. This is driven by favorable demand drivers, particularly in the area of cyber defense. Of those that lease properties to the U.S. Government, I believe OFC's portfolio faces the least risk relating to non-renewal.
Corporate Office Properties (OFC) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to FFO of $0.59 per share a year ago.
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit's REITweek: 2023 Investor Conference. The presentation will be held on June 7, 2023 at 8:45 a.m. Eastern Time at the New York Hilton Midtown in New York, NY. A live audio webcast of the presentation and accompanying materials will be avail.
Corporate Office Properties owns and operates mission-critical properties that serve specialized areas of focus, such as national security, defense, and IT-related activities. OFC's Q1 release showcased strong results and was paired with positive revisions in their same-property guidance and outlook for retention levels. The resolution of debt ceiling negotiations and an increase in defense spending should be bullish indicators for OFC, as its portfolio is closely tied to national defense priorities.
OFC divested from some of its non-core assets in non-primary markets, most notably selling off seven properties that were considered tangential to its core mission. Occupancy rates remained solid at 94.8%, slightly down from 95.3% in Q4 2022, reflecting an excellent ability to maintain high occupancy despite the portfolio transition. In my opinion, the current potential rewards out weight the risks.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Corporate Office Properties (OFC) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Corporate Office Properties (OFC) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Corporate Office Properties (OFC) have what it takes?
What type of business is Corporate Office Properties Trust?
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (IT) related activities servicing what the Company believes are growing, durable, priority missions (Defense/IT Locations). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties). As of June 30, 2023, the Company derived 90% of its core portfolio annualized rental revenue from Defense/IT Locations and 10% from its Regional Office Properties. As of the same date and including 24 properties owned through unconsolidated joint ventures, COPT's core portfolio of 192 properties encompassed 22.9 million square feet and was 95% leased.
What sector is Corporate Office Properties Trust in?
Corporate Office Properties Trust is in the Real Estate sector
What industry is Corporate Office Properties Trust in?
Corporate Office Properties Trust is in the Office industry
What country is Corporate Office Properties Trust from?
Corporate Office Properties Trust is headquartered in United States
When did Corporate Office Properties Trust go public?
Corporate Office Properties Trust initial public offering (IPO) was on 31 December 1991
What is Corporate Office Properties Trust website?
https://www.copt.com
Is Corporate Office Properties Trust in the S&P 500?
No, Corporate Office Properties Trust is not included in the S&P 500 index
Is Corporate Office Properties Trust in the NASDAQ 100?
No, Corporate Office Properties Trust is not included in the NASDAQ 100 index
Is Corporate Office Properties Trust in the Dow Jones?
No, Corporate Office Properties Trust is not included in the Dow Jones index
When was Corporate Office Properties Trust the previous earnings report?
No data
When does Corporate Office Properties Trust earnings report?
Next earnings report date is not announced yet