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Corporate Office Properties Trust (OFC)

Stock Price: $26.20 USD 0.13 (0.50%)
Updated Aug 12, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 2.94B
Revenue (ttm) 609.50M
Net Income (ttm) 111.59M
Shares Out 112.18M
EPS (ttm) 0.98
PE Ratio 26.73
Forward PE n/a
Dividend $1.10
Dividend Yield 4.20%

Stock Quote

Trading Day Aug 12, 2020
Last Price $26.20
Previous Close $26.07
Change ($) 0.13
Change (%) 0.50%
Day's Open 26.30
Day's Range 26.00 - 26.63
Day's Volume 560,609
52-Week Range 15.23 - 30.57

More Stats

Market Cap 2.94B
Enterprise Value 4.95B
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Jun 29, 2020
Shares Outstanding 112.18M
Float 111.12M
EPS (basic) 0.99
EPS (diluted) 0.98
FCF / Share -0.52
Dividend $1.10
Dividend Yield 4.20%
Earnings Yield 3.74%
FCF Yield n/a
Payout Ratio n/a
Shares Short 1.56M
Short Ratio 2.09
Short % of Float 2.19%
Beta 1.05
PE Ratio 26.73
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 4.82
PB Ratio 1.88
Revenue 609.50M
Operating Income 178.52M
Net Income 111.59M
Free Cash Flow -58.79M
Net Cash -2.01B
Net Cash / Share -17.93
Gross Margin 54.92%
Operating Margin 29.29%
Profit Margin 18.40%
FCF Margin -9.65%
ROA 2.54%
ROE 6.93%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (13)

Buy 6
Overweight 2
Hold 5
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$29.17*
(11.34% upside)
Low
24.0
Current: $26.20
High
34.0
Target: 29.17
*Average 12-month price target from 12 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue641578613574625586523508493492
Revenue Growth10.92%-5.66%6.7%-8.18%6.65%12.06%3%3.08%0.15%-
Gross Profit333319322331328306297278257243
Operating Income26114714611218814214289.0730.30111
Net Income19272.3068.7528.8917840.2693.7120.98-11942.76
Shares Outstanding11210999.6194.7694.5387.7187.3880.7971.9959.42
Earnings Per Share1.710.690.560.151.740.250.83-0.03-1.970.43
EPS Growth147.83%23.21%273.33%-91.38%596%-69.88%----
Dividend Per Share1.101.101.101.101.101.111.111.111.641.60
Dividend Growth0%0%0%0%-0.45%0%0%-32.7%2.43%-
Operating Cash Flow229180230234204194159192152156
Capital Expenditures-335-219-75.9640.73-296-198-99.1329.85-240-453
Free Cash Flow-106-38.83154275-92.03-4.4859.85222-87.84-297
Cash & Equivalents14.738.0712.2621060.316.0854.3710.595.5610.10
Total Debt1,8481,8241,8441,9042,0781,9141,9282,0192,4262,324
Net Cash / Debt-1,834-1,816-1,832-1,694-2,017-1,908-1,873-2,009-2,421-2,314
Assets3,8543,6563,5953,7813,9093,6643,6303,6543,8643,845
Liabilities2,1062,0032,1042,1632,2742,1252,1152,2072,6492,521
Book Value1,6791,5851,4021,5231,5451,4511,4261,3651,1321,227
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Corporate Office Properties Trust
Country United States
Employees 394
CEO Stephen E. Budorick

Stock Information

Ticker Symbol OFC
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Office
Unique Identifier NYSE: OFC

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 June 30, 2020, the Company derived 88% of its core portfolio annualized rental revenue from Defense/IT Locations and 12% from its Regional Office Properties. As of the same date and including 15 properties owned through unconsolidated joint ventures, COPT's core portfolio of 172 office and data center shell properties encompassed 19.6 million square feet and was 94.7% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 90.6% leased.