Corporate Office Properties Trust (OFC)
| Market Cap | 3.05B |
| Revenue (ttm) | 698.20M |
| Net Income (ttm) | 142.53M |
| Shares Out | 113.84M |
| EPS (ttm) | 1.27 |
| PE Ratio | 21.10 |
| Forward PE | n/a |
| Dividend | $1.10 (4.11%) |
| Ex-Dividend Date | Jun 29, 2022 |
| Volume | 1,486,474 |
| Open | 26.72 |
| Previous Close | 26.61 |
| Day's Range | 26.45 - 26.88 |
| 52-Week Range | 23.89 - 30.51 |
| Beta | 0.99 |
| Analysts | Buy |
| Price Target | 32.18 (+20.3%) |
| Earnings Date | Apr 28, 2022 |
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, DC/B...
Financial Performance
In 2021, OFC's revenue was $664.45 million, an increase of 14.10% compared to the previous year's $582.35 million. Earnings were $76.54 million, a decrease of -21.39%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for OFC stock is "Buy." The 12-month stock price forecast is 32.18, which is an increase of 20.30% from the latest price.
News
COPT Declares 98th 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 com...
Corporate Office Properties (OFC) Tops Q1 FFO and Revenue Estimates
Corporate Office Properties (OFC) delivered FFO and revenue surprises of 1.75% and 16.33%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
COPT 1Q 2022 Results Exceed Guidance
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the first quarter ended March 31, 2022. Management Comments Stephen E. Budor...
RTL vs. OFC: Which Stock Is the Better Value Option?
RTL vs. OFC: Which Stock Is the Better Value Option?
COPT Provides Conference Call Details to Discuss 1Q 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 first quar...
Fiscal Year 2022 Defense Budget Appropriated
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) reports that Congress recently passed an omnibus appropriations bill to fund the U.S. Government's...
COPT to Present at Citi's 2022 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 a...
COPT Declares 97th 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 com...
Corporate Office Properties (OFC) Surpasses Q4 FFO and Revenue Estimates
Corporate Office Properties (OFC) delivered FFO and revenue surprises of 1.75% and 8.64%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
COPT Establishes 2022 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, 2022: Diluted earnings per...
COPT 4Q and Full Year 2021 Results Exceed Guidance
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, 2021. Management Comment...
COPT Announces Tax Treatment of 2021 Distributions
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) announced the 2021 tax treatment of its Common share distributions as described below. Shareholders ...
COPT Sells DC-6 for $222.5 Million
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) has sold 100% of COPT DC-6 (“DC-6”), the only asset in the Company's Wholesale Data Center reporti...
COPT Provides Conference Call Details to Discuss 4Q and YE 2021 Results and Management's 2022 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 qua...
OFC vs. CCI: Which Stock Is the Better Value Option?
OFC vs. CCI: Which Stock Is the Better Value Option?
After Plunging 7.4% in 4 Weeks, Here's Why the Trend Might Reverse for Corporate Office Properties (OFC)
Corporate Office Properties (OFC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising ear...
COPT Declares 96th Consecutive Common Dividend
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per com...
COPT Publishes 2021 ESG Report
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) has posted its 2021 Corporate Sustainability Report (the “2021 ESG Report”) in the ‘Latest Updates' ...
OFC vs. CCI: Which Stock Should Value Investors Buy Now?
OFC vs. CCI: Which Stock Is the Better Value Option?
Corporate Office Properties Prices $400 Million of 2.900% Senior Notes due 2033
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its operating partnership, Corporate Office Properties, L.P. (the “Operating Partne...
Corporate Office Properties (OFC) Tops Q3 FFO and Revenue Estimates
Corporate Office Properties (OFC) delivered FFO and revenue surprises of 1.79% and 7.05%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
COPT Executes 67,800 SF Lease with the U.S. Government at 310 Sentinel Way in The National Business Park
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) executed a lease with the U.S. Government for 67,800 square feet at 310 Sentinel Way (“310 NBP”). ...
COPT Executes Build-to-Suit Lease with Northrop Grumman at Redstone Gateway
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) executed two build-to-suit leases with Northrop Grumman Corporation (“Northrop Grumman”), one of t...
COPT Reports Third Quarter 2021 Results
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the third quarter ended September 30, 2021. Management Comments Stephen E. B...
COPT Provides Conference Call Details for Third Quarter 2021 Results
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announces the release date and conference call details for third quarter 2021 results as follows: ...