Corporate Office Properties Trust (OFC)
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.
| Country | United States |
| Industry | REIT - Office |
| Sector | Real Estate |
| Employees | 395 |
| CEO | Stephen E. Budorick |
Contact Details
Address:
6711 Columbia Gateway Drive, Suite 300 Columbia, Maryland 21046 United States | |
| Phone | (443) 285-5400 |
| Website | copt.com |
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 |