Corporate Office Properties Trust (OFC)
Stock Price:
$26.20 USD
0.13 (0.50%)
Updated Aug 12, 2020 4:00 PM EDT - Market closed
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 |
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
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 641 | 578 | 613 | 574 | 625 | 586 | 523 | 508 | 493 | 492 |
| Revenue Growth | 10.92% | -5.66% | 6.7% | -8.18% | 6.65% | 12.06% | 3% | 3.08% | 0.15% | - |
| Gross Profit | 333 | 319 | 322 | 331 | 328 | 306 | 297 | 278 | 257 | 243 |
| Operating Income | 261 | 147 | 146 | 112 | 188 | 142 | 142 | 89.07 | 30.30 | 111 |
| Net Income | 192 | 72.30 | 68.75 | 28.89 | 178 | 40.26 | 93.71 | 20.98 | -119 | 42.76 |
| Shares Outstanding | 112 | 109 | 99.61 | 94.76 | 94.53 | 87.71 | 87.38 | 80.79 | 71.99 | 59.42 |
| Earnings Per Share | 1.71 | 0.69 | 0.56 | 0.15 | 1.74 | 0.25 | 0.83 | -0.03 | -1.97 | 0.43 |
| EPS Growth | 147.83% | 23.21% | 273.33% | -91.38% | 596% | -69.88% | - | - | - | - |
| Dividend Per Share | 1.10 | 1.10 | 1.10 | 1.10 | 1.10 | 1.11 | 1.11 | 1.11 | 1.64 | 1.60 |
| Dividend Growth | 0% | 0% | 0% | 0% | -0.45% | 0% | 0% | -32.7% | 2.43% | - |
| Operating Cash Flow | 229 | 180 | 230 | 234 | 204 | 194 | 159 | 192 | 152 | 156 |
| Capital Expenditures | -335 | -219 | -75.96 | 40.73 | -296 | -198 | -99.13 | 29.85 | -240 | -453 |
| Free Cash Flow | -106 | -38.83 | 154 | 275 | -92.03 | -4.48 | 59.85 | 222 | -87.84 | -297 |
| Cash & Equivalents | 14.73 | 8.07 | 12.26 | 210 | 60.31 | 6.08 | 54.37 | 10.59 | 5.56 | 10.10 |
| Total Debt | 1,848 | 1,824 | 1,844 | 1,904 | 2,078 | 1,914 | 1,928 | 2,019 | 2,426 | 2,324 |
| Net Cash / Debt | -1,834 | -1,816 | -1,832 | -1,694 | -2,017 | -1,908 | -1,873 | -2,009 | -2,421 | -2,314 |
| Assets | 3,854 | 3,656 | 3,595 | 3,781 | 3,909 | 3,664 | 3,630 | 3,654 | 3,864 | 3,845 |
| Liabilities | 2,106 | 2,003 | 2,104 | 2,163 | 2,274 | 2,125 | 2,115 | 2,207 | 2,649 | 2,521 |
| Book Value | 1,679 | 1,585 | 1,402 | 1,523 | 1,545 | 1,451 | 1,426 | 1,365 | 1,132 | 1,227 |
Numbers in millions USD, except per-share numbers.
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.