Company

Corporate Office Properties Trust

Headquarters: Columbia, MD, United States

Founded: 1988

Employees: 405

CEO: Mr. Stephen E. Budorick

show_chart NYSE: OFC +1.36%

Market Cap

$3.30 Billion

USD as of April 1, 2022

history Market Cap History

Corporate Office Properties Trust market capitalization over time

Evolution of Corporate Office Properties Trust market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Corporate Office Properties Trust

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 (“IT”) related activities servicing what it believes are growing, durable, priority missions (“Defense/IT Locations”). 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 (“Regional Office Properties”). 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.

Wikipedia Introduction

Corporate Office Properties Trust is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2019, the company owned 148 office buildings comprising 15.4 million square feet and 22 single-tenant data centers comprising 3.7 million square feet.

Source: Wikipedia, retrieved on Feb. 18, 2021, 3:52 p.m.

Stocks & Indices

Corporate Office Properties Trust has the following listings and related stock indices.


Stock: NYSE: OFC

Stock: FSX: WX7

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)

Details

Headquarters:

6711 Columbia Gateway Drive

Suite 300

Columbia, MD 21046

United States

Phone: 443-285-5400