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.
IPO Year:
Exchange: NYSE
Website: copt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/14/2022 | $30.00 → $28.00 | Buy → Hold | Truist |
| 6/23/2022 | Outperform → In-line | Evercore ISI | |
| 1/13/2022 | $24.00 | Sector Weight → Underweight | Keybanc |
| 1/10/2022 | $34.00 → $30.00 | Buy → Hold | Jefferies |
| 11/2/2021 | $33.00 → $31.00 | Outperform | Raymond James |
| 8/2/2021 | $31.00 → $33.00 | Outperform | Raymond James |
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
Truist downgraded Corp Office Props from Buy to Hold and set a new price target of $28.00 from $30.00 previously
Evercore ISI downgraded Corp Office Props from Outperform to In-line
Keybanc downgraded Corporate Office Props from Sector Weight to Underweight and set a new price target of $24.00
Jefferies downgraded Corporate Office Props from Buy to Hold and set a new price target of $30.00 from $34.00 previously
Raymond James reiterated coverage of Corporate Office Props with a rating of Outperform and set a new price target of $31.00 from $33.00 previously
Raymond James reiterated coverage of Corporate Office Props with a rating of Outperform and set a new price target of $33.00 from $31.00 previously
Truist upgraded Corp Office Props from Hold to Buy
Truist Securities upgraded Corporate Office Props from Hold to Buy and set a new price target of $32.00 from $30.00 previously
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' section of COPT's Investors website: https://investors.copt.com/news-events/ir-calendar About COPT COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the "Operating Partnership"), has priced the previously announced offering of $300 million aggregate principal amount of its 5.25% Exchangeable Senior Notes due 2028 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Operating Partnership also granted the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first date o
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the "Operating Partnership"), intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of its Exchangeable Senior Notes due 2028 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Operating Partnership also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $45 million aggregate princi
Announces New Name and Logo to Align with Defense and Mission Critical Sector Focus Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") today announced that the Company is changing its name to COPT Defense Properties ("COPT Defense") and its ticker symbol for its common shares listed on the New York Stock Exchange from "OFC" to "CDP" effective September 15, 2023. Stephen E. Budorick, President & Chief Executive Officer, commented, "Over the past decade, we have executed a strategy which has deeply concentrated our real estate portfolio at locations proximate to, or sometimes containing, priority National Defense missions, and mission critical operations. This strategy
Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the third quarter ending September 30, 2023. The third quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on October 16, 2023, to shareholders of record on September 29, 2023. About COPT 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 informatio
EPS of $0.27 for 2Q23; FFO per Share, as Adjusted for Comparability, of $0.60 Exceeded High-End of Guidance Increased Midpoint of 2023 FFO per Share Guidance by 2-cents to $2.40 Core Portfolio 93.6% Occupied and 95.0% Leased Same-Property Cash NOI Increased 5.8% in 2Q23 and 7.0% Year-to-Date Raising Same-Property Cash NOI Guidance for the Year by 100 Basis Points, to 4.5%-5.5% 1.5 million SF of Active Developments are 92% Leased Strong Leasing Volume in 1H23; Well Positioned to Achieve 2023 Goals Total Leasing of 891,000 SF in 2Q23 and 1.7 million SF Year-to-Date 88,000 SF of Vacancy Leasing in 2Q23 and 187,000 SF Year-to-Date On Track to Achieve Annual Goal of 400,000 SF Te
Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announces the release date and conference call details in which management will discuss second quarter 2023 results. Details: Results and Guidance Release Date: Thursday, July 27, 2023 after the market closes Conference Call Date: Friday, July 28, 2023 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal PIN. Registering only takes a few moments and provides direct access to the conference call without waiting for an operator. You may register at any time, including up to and after the cal
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 available in the ‘News & Events – IR Calendar' section of COPT's Investors website: https://investors.copt.com/news-events/ir-calendar. About COPT COPT is a REIT that owns, manages, leases, develops and selectively acquires office and
Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the second quarter ending June 30, 2023. The second quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on July 17, 2023, to shareholders of record on June 30, 2023. About COPT 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 technol
_______________________________________________________________ EPS of $0.70 for 1Q23 and FFO per Share, as Adjusted for Comparability, of $0.59 Exceeded High-End of Guidance Narrowed 2023 FFO per Share Guidance, Midpoint Unchanged Core Portfolio 92.9% Occupied and 95.1% Leased Same-Property Cash NOI Increased 8.3% in the Quarter Raising Same-Property Cash NOI Guidance for the Year by 100 Basis Points, to 3%-5% 1.5 million SF of Active Developments are 92% Leased _______________________________________________________________ Strong Leasing to Start the Year; On Track to Meet Development and Vacancy Leasing Goals Total Leasing of 788,000 SF 495,000 SF of Development Leasin
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4/A - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
SC 13G/A - COPT DEFENSE PROPERTIES (0000860546) (Subject)
SC 13G - COPT DEFENSE PROPERTIES (0000860546) (Subject)
SC 13G/A - COPT DEFENSE PROPERTIES (0000860546) (Subject)
SC 13G/A - COPT DEFENSE PROPERTIES (0000860546) (Subject)
SC 13G/A - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Subject)
SC 13G/A - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Subject)
SC 13G/A - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Subject)
SC 13G - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Subject)
SC 13G - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Subject)
SC 13G/A - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Subject)
8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
424B7 - COPT DEFENSE PROPERTIES (0000860546) (Filer)
10-Q - COPT DEFENSE PROPERTIES (0000860546) (Filer)
8-K - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Filer)
8-K - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Filer)
8-K - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Filer)
10-Q - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Filer)
8-K - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Filer)
8-K - CORPORATE OFFICE PROPERTIES TRUST (0000860546) (Filer)
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the "Operating Partnership"), has priced the previously announced offering of $300 million aggregate principal amount of its 5.25% Exchangeable Senior Notes due 2028 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Operating Partnership also granted the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first date o
Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the "Operating Partnership"), intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of its Exchangeable Senior Notes due 2028 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Operating Partnership also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $45 million aggregate princi
Announces New Name and Logo to Align with Defense and Mission Critical Sector Focus Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") today announced that the Company is changing its name to COPT Defense Properties ("COPT Defense") and its ticker symbol for its common shares listed on the New York Stock Exchange from "OFC" to "CDP" effective September 15, 2023. Stephen E. Budorick, President & Chief Executive Officer, commented, "Over the past decade, we have executed a strategy which has deeply concentrated our real estate portfolio at locations proximate to, or sometimes containing, priority National Defense missions, and mission critical operations. This strategy
Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the third quarter ending September 30, 2023. The third quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on October 16, 2023, to shareholders of record on September 29, 2023. About COPT 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 informatio
EPS of $0.27 for 2Q23; FFO per Share, as Adjusted for Comparability, of $0.60 Exceeded High-End of Guidance Increased Midpoint of 2023 FFO per Share Guidance by 2-cents to $2.40 Core Portfolio 93.6% Occupied and 95.0% Leased Same-Property Cash NOI Increased 5.8% in 2Q23 and 7.0% Year-to-Date Raising Same-Property Cash NOI Guidance for the Year by 100 Basis Points, to 4.5%-5.5% 1.5 million SF of Active Developments are 92% Leased Strong Leasing Volume in 1H23; Well Positioned to Achieve 2023 Goals Total Leasing of 891,000 SF in 2Q23 and 1.7 million SF Year-to-Date 88,000 SF of Vacancy Leasing in 2Q23 and 187,000 SF Year-to-Date On Track to Achieve Annual Goal of 400,000 SF Te
Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announces the release date and conference call details in which management will discuss second quarter 2023 results. Details: Results and Guidance Release Date: Thursday, July 27, 2023 after the market closes Conference Call Date: Friday, July 28, 2023 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal PIN. Registering only takes a few moments and provides direct access to the conference call without waiting for an operator. You may register at any time, including up to and after the cal
Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the second quarter ending June 30, 2023. The second quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on July 17, 2023, to shareholders of record on June 30, 2023. About COPT 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 technol
_______________________________________________________________ EPS of $0.70 for 1Q23 and FFO per Share, as Adjusted for Comparability, of $0.59 Exceeded High-End of Guidance Narrowed 2023 FFO per Share Guidance, Midpoint Unchanged Core Portfolio 92.9% Occupied and 95.1% Leased Same-Property Cash NOI Increased 8.3% in the Quarter Raising Same-Property Cash NOI Guidance for the Year by 100 Basis Points, to 3%-5% 1.5 million SF of Active Developments are 92% Leased _______________________________________________________________ Strong Leasing to Start the Year; On Track to Meet Development and Vacancy Leasing Goals Total Leasing of 788,000 SF 495,000 SF of Development Leasin
Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announces the release date and conference call details in which management will discuss first quarter 2023 results. Details: Results and Guidance Release Date: Thursday, April 27, 2023 after the market closes Conference Call Date: Friday, April 28, 2023 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only takes a few moments and provides direct access to the conference call without waiting for an operator. You may register at any time, including up to and after the
Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the first quarter ending March 31, 2023. This represents an increase of 3.6%, or $0.01 per share, over the most recent quarterly dividend of $0.275. The first quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on April 17, 2023, to shareholders of record on March 31, 2023. Stephen E. Budorick, COPT's President & Chief Executive Officer, commented, "This dividend increase is the culmination of over a decade of work to reposition our Company to produce durable cash flows and
Truist Securities has decided to maintain its Hold rating of Corporate Office Props Tr (NYSE:OFC) and raise its price target from $26.00 to $28.00. Shares of Corporate Office Props Tr are trading down 0.34% over the last 24 hours, at $26.05 per share. A move to $28.00 would account for a 7.49% increase from the current share price. About Corporate Office Props Tr Corporate Office Properties Trust, or COPT, is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearl
Truist Securities analyst Michael Lewis maintains Corporate Office Props Tr (NYSE:OFC) with a Hold and raises the price target from $26 to $28.
Wells Fargo has decided to maintain its Overweight rating of Corporate Office Props Tr (NYSE:OFC) and raise its price target from $29.00 to $31.00. Shares of Corporate Office Props Tr are trading down 0.17% over the last 24 hours, at $25.75 per share. A move to $31.00 would account for a 20.41% increase from the current share price. About Corporate Office Props Tr Corporate Office Properties Trust, or COPT, is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives near
Wells Fargo analyst Blaine Heck maintains Corporate Office Props Tr (NYSE:OFC) with a Overweight and raises the price target from $29 to $31.
Evercore ISI Group analyst Steve Sakwa maintains Corporate Office Props Tr (NYSE:OFC) with a In-Line and raises the price target from $26 to $28.
Corporate Office Props Tr (NYSE:OFC) reported quarterly earnings of $0.60 per share. This is a 1.69 percent increase over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $154.95 million which beat the analyst consensus estimate of $150.40 million by 3.03 percent. This is a 8.17 percent increase over sales of $143.25 million the same period last year.
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Within the last quarter, Corporate Office Props Tr (NYSE:OFC) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 0 0 0 In the last 3 months, 4 analysts have offered 12-month price targets for Corporate Office Props Tr. The company has an average price target of $27.25 with a high of $29.00 and a low of $26.00. Below is a summary of how these 4 analysts rated Corporate Office Props Tr over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish
Wells Fargo analyst Blaine Heck maintains Corporate Office Props Tr (NYSE:OFC) with a Overweight and raises the price target from $26 to $29.