COPT (OFC) Boosts Outlook for Q4 FFOPS; Issues FY13 Expectations
Tweet
Share
E-mailGet Alerts OFC Hot Sheet
Price: $24.94 --0%
Financial Fact:
Discontinued operations: 0
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Discontinued operations: 0
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
Corporate Office Properties Trust (NYSE: OFC) is upwardly revising its guidance for fourth quarter 2012 diluted FFO per share (FFOPS), as adjusted for comparability, from the prior range of $0.45−$0.48 to a new range of $0.49−$0.51. The revised fourth quarter 2012 range reflects a one-time gain on the sale of the Company’s remaining interest in a non-real estate investment.
COPT also announced it is projecting FFOPS for the year ending December 31, 2013 in the range of $1.83−$1.93 and FFOPS for the first quarter ending March 31, 2013 of $0.44−$0.46. Major assumptions underpinning 2013 guidance include the disposition of $160 million of assets remaining to be sold in order to conclude COPT’s Strategic Reallocation Plan and 0%−2% growth in same-office net operating income.
COPT also announced it is projecting FFOPS for the year ending December 31, 2013 in the range of $1.83−$1.93 and FFOPS for the first quarter ending March 31, 2013 of $0.44−$0.46. Major assumptions underpinning 2013 guidance include the disposition of $160 million of assets remaining to be sold in order to conclude COPT’s Strategic Reallocation Plan and 0%−2% growth in same-office net operating income.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Analog Devices (ADI) Tops Q3 EPS by 11c, Beats on Revenue; Offers Q4 Guidance
Create E-mail Alert Related Categories
Guidance, Hot GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
