Corporate Office Properties Trust (OFC)

NYSE: OFC · IEX Real-Time Price · USD
22.22
+0.32 (1.46%)
Mar 24, 2023, 4:00 PM EDT - Market closed
1.46%
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]

Industry REIT - Office
Sector Real Estate
CEO Stephen Budorick
Employees 405
Stock Exchange NYSE
Ticker Symbol OFC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$30.83
(38.75% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

3 weeks ago - Business Wire

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...

1 month ago - Business Wire

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?

1 month ago - Zacks Investment Research

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...

1 month ago - Business Wire

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...

1 month ago - Business Wire

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...

1 month ago - Business Wire

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...

1 month ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

4 months ago - Business Wire

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?

5 months ago - Zacks Investment Research

COPT Reports 3Q 2022 Results

COLUMBIA, Md.

5 months ago - Business Wire

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...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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...

7 months ago - Business Wire

APLE vs. OFC: Which Stock Should Value Investors Buy Now?

APLE vs. OFC: Which Stock Is the Better Value Option?

Other symbols: APLE
8 months ago - Zacks Investment Research

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...

8 months ago - Business Wire

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?

8 months ago - Zacks Investment Research

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...

8 months ago - Business Wire

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...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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

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

Other symbols: RTL
9 months ago - Zacks Investment Research

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...

10 months ago - Business Wire