Corporate Office Properties Trust (OFC)
Market Cap | 2.58B |
Revenue (ttm) | 739.03M |
Net Income (ttm) | 173.03M |
Shares Out | 117.28M |
EPS (ttm) | 1.53 |
PE Ratio | 14.31 |
Forward PE | n/a |
Dividend | $1.10 (4.95%) |
Ex-Dividend Date | Dec 29, 2022 |
Volume | 1,147,779 |
Open | 21.80 |
Previous Close | 21.90 |
Day's Range | 21.59 - 22.38 |
52-Week Range | 21.59 - 29.64 |
Beta | 1.04 |
Analysts | Buy |
Price Target | 30.83 (+38.75%) |
Earnings Date | Apr 27, 2023 |
About OFC
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, ... [Read more]
Financial Performance
In 2022, OFC's revenue was $739.03 million, an increase of 11.22% compared to the previous year's $664.45 million. Earnings were $173.03 million, an increase of 126.06%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for OFC stock is "Buy." The 12-month stock price forecast is $30.83, which is an increase of 38.75% from the latest price.
News

COPT to Present at Citi's 2023 Global Property CEO Conference
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company...

COPT Increases Quarterly Dividend by 3.6%
COLUMBIA, Md.--(BUSINESS WIRE)--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 c...

Corporate Office Properties (OFC) Q4 FFO Surpass Estimates
Corporate Office Properties (OFC) delivered FFO and revenue surprises of 1.69% and 7.01%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

COPT Establishes 2023 Guidance
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) is establishing the following guidance for the year ending December 31, 2023: 2023 Guidance. Dil...

COPT Reports Full Year 2022 Results
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the fourth quarter and full year ended December 31, 2022. Management Comme...

COPT Executes Over 460,000 SF of Development Leasing in 2023
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) executed two long-term leases in January with a Fortune 500 company for two build-to-suit developm...

COPT Announces Tax Treatment of 2022 Distributions
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) announced the 2022 tax treatment of its common share distributions as described below. Sharehold...

COPT Forms Two Data Center Shell Joint Ventures with Blackstone Real Estate
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announces the formation of two new joint ventures with entities affiliated with Blackstone Rea...

COPT Provides Conference Call Details to Discuss 4Q and YE 2022 Results and Management's 2023 Outlook
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss fourth...

COPT Completes 801,000 Square Feet of Vacancy Leasing in 2022
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) completed 801,000 square feet of vacancy leasing during 2022 with a weighted-average lease ter...

COPT Declares 100th Consecutive Common Dividend
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per...

Corporate Office Properties (OFC) Matches Q3 FFO Estimates
Corporate Office Properties (OFC) delivered FFO and revenue surprises of 0% and 1.79%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

COPT Provides Conference Call Details to Discuss 3Q 2022 Results and Publishes 2022 ESG Report
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss third qu...

COPT Elects Essye B. Miller to Board of Trustees
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its Board of Trustees elected Essye B. Miller to serve on the Company's Board, ef...

COPT to Present at the BofA Securities 2022 Global Real Estate Conference
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 Compa...

COPT Executes Full-Building Lease with Defense Contractor at Redstone Gateway
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) executed a full-building lease with a defense contractor that is a Fortune 100 company at 1200 R...

APLE vs. OFC: Which Stock Should Value Investors Buy Now?
APLE vs. OFC: Which Stock Is the Better Value Option?

COPT Declares 99th Consecutive Common Dividend
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per c...

Corporate Office Properties (OFC) Tops Q2 FFO and Revenue Estimates
Corporate Office Properties (OFC) delivered FFO and revenue surprises of 1.72% and 3.53%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

COPT Reports 2Q 2022 Results
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the second quarter ended June 30, 2022. Management Comments Stephen E. Bud...

COPT Executes Build-to-Suit Lease with Defense Contractor at The National Business Park
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) executed a build-to-suit lease with a defense contractor that is a Fortune 100 company at The Na...

COPT Provides Conference Call Details to Discuss 2Q 2022 Results
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss second q...

RTL or OFC: Which Is the Better Value Stock Right Now?
RTL vs. OFC: Which Stock Is the Better Value Option?

COPT to Present at Nareit's REITweek: 2022 Investor Conference
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...