Corporate Office Properties Trust (OFC)

NYSE: OFC · IEX Real-Time Price · USD
+0.78 (3.46%)
Jun 2, 2023, 4:00 PM EDT - Market closed

Company 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 December 31, 2020, the Company derived 87% of its core portfolio annualized rental revenue from Defense/IT Locations and 13% from its Regional Office Properties.

As of the same date and including 17 properties owned through unconsolidated joint ventures, COPT's core portfolio of 179 office and data center shell properties encompassed 20.8 million square feet and was 95.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 86.7% leased.

Corporate Office Properties Trust
Corporate Office Properties Trust logo
Country United States
Industry REIT - Office
Sector Real Estate
Employees 395
CEO Stephen E. Budorick

Contact Details

6711 Columbia Gateway Drive, Suite 300
Columbia, Maryland 21046
United States
Phone (443) 285-5400

Stock Details

Ticker Symbol OFC
Exchange NYSE
Fiscal Year January - December
Reporting Currency USD
CIK Code 0000860546
CUSIP Number 22002T108
ISIN Number US22002T1088
Employer ID 23-2947217
SIC Code 6798

Key Executives

Name Position
Stephen E. Budorick President, Chief Executive Officer and Trustee
Anthony Mifsud Executive Vice President and Chief Financial Officer
Todd W. Hartman Executive Vice President and Chief Operating Officer
Gregory J. Thor Chief Accounting Officer, Senior Vice President and Controller
David L. Finch Vice President, General Counsel and Secretary
S. Judson Williams Senior Vice President of Business Development
Holly G. Edington Senior Vice President of Human Resources
Catherine M. Ward Senior Vice President of Asset Management and Leasing
Dean A. Lopez Senior Vice President of Development and Construction
Charles J. Fiala Jr. Senior Vice President of Operations and Gov. Services

Latest SEC Filings

Date Type Title
May 17, 2023 8-K Current Report
May 3, 2023 10-Q Quarterly Report
Apr 27, 2023 8-K Current Report
Mar 30, 2023 ARS Filing
Mar 30, 2023 DEFA14A Additional definitive proxy soliciting materials and Rule 14(a)(12) material
Mar 30, 2023 DEF 14A Other definitive proxy statements
Mar 2, 2023 8-K Current Report
Feb 27, 2023 8-K Current Report
Feb 24, 2023 10-K Annual Report
Feb 15, 2023 SC 13G Statement of acquisition of beneficial ownership by individuals