Corporate Office Properties Trust (OFC) Stock

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?