Corporate Office Properties Trust (OFC) Misses Q4 FFO by 8c/Share
Corporate Office Properties Trust (NYSE: OFC) reported Q4 FFOPS of $0.49, $0.08 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $146.97 million versus the consensus estimate of $95.4 million.
“Fourth quarter and full year results topped off a strong year for our Company and were in line with our expectations,” stated Roger A. Waesche, Jr., COPT’s President & Chief Executive Officer. “During the year, we further honed our portfolio by investing in new development projects at multiple locations and by continuing to sell non-strategic assets. We also improved our capital position by accessing the public debt and equity markets.”
For earnings history and earnings-related data on Corporate Office Properties Trust (OFC) click here.