Company
Corporate Office Properties Trust
Headquarters: Columbia, MD, United States
Founded: 1988
Employees: 405
CEO: Mr. Stephen E. Budorick
Market Cap
$2.85 Billion
USD as of Jan. 1, 2024
Corporate Office Properties Trust Categories
United States Real Estate REIT—OfficeUnited States Real Estate United States REIT—Office
Top Competitors by Market Capitalization
Industry: REIT—Office
| Company | Market Cap (USD) |
|---|---|
| Digital Realty Trust, Inc. | $41.30 B |
| Alexandria Real Estate Equities, Inc. | $21.84 B |
| Boston Properties, Inc. | $10.89 B |
| Gecina SA | $8.95 B |
| Nippon Building Fund InCorp | $7.51 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Prologis, Inc. | $120.60 B |
| American Tower | $100.44 B |
| Equinix, Inc. (REIT) | $74.75 B |
| MAS Real Estate, Inc. | $65.45 B |
| Public Storage | $53.43 B |
Detailed Description
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 (ÂITÂ) related activities servicing what it believes are growing, durable, priority missions (ÂDefense/IT LocationsÂ). The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (ÂRegional Office PropertiesÂ). As of December 31, 2020, the Company derived 87% of its core portfolio annualized rental revenue from Defense/IT Locations and 13% from its Regional Office Properties. As of the same date and including 17 properties owned through unconsolidated joint ventures, COPT's core portfolio of 179 office and data center shell properties encompassed 20.8 million square feet and was 95.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 86.7% leased.
Top 1-year algo backtest: +298.72%
$10,000 in April 2023 would now be $39,872 by following this algorithm daily at market close.
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Stocks & Indices
Corporate Office Properties Trust has the following listings and related stock indices.
Stock: NYSE: OFC wb_incandescent
Stock: FSX: WX7 wb_incandescent
Product & Services
Office buildings
Key People
Founder(s): Clay W. Hamlin I I I
Stephen E. Budorick, CEO & President Thomas F. Brady, Chairman Anthony Mifsud, CFO
Financials
Revenue: $0.641 billion (2019)
Net income: $0.191 billion (2019)
Total assets: $3.854 billion (2019)
Total equity: $1.719 billion (2019)