Corporate Office Properties Trust (OFC) Tops Q2 FFO by 2c/Share

COPT to Acquire Baltimore’s Transamerica Building

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) has agreed to acquire 100 Light Street and its 560-space structured parking garage, 30 Light Street (together, 100 Light or the Transamerica Building) in downtown Baltimore for $121.0 million. The 37-story office building contains 549,300 rentable square feet and, at June 30, 2015, was 94% leased to credit-worthy tenants, the largest three of which are Transamerica Life Insurance Company (28% of the building), Miles & Stockbridge (21%) and Ober | Kaler (17%). Located at the corner of Light and Pratt Streets Main & Main in the Pratt Street Corridor 100 Light is the tallest building in the state of... More

COPT Reports Second Quarter 2015 Results

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) announced financial and operating results for the second quarter ended June 30, 2015.

Second quarter results exceeded the high end of our guidance due to favorable NOI and the timing of our $300 million Senior Notes offering. For the year, FFO per share is on track to grow by 7.5%, stated Roger A. Waesche, Jr., COPTs President & Chief Executive Officer. During the quarter we opportunistically acquired a Class-A, Metro-served building for $81 million that is 100% leased to Strategic Tenants. The building is in an amenity-rich,... More

COPT Sells MITRE Building for $28 Million

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) has completed the disposition of 1550 Westbranch Drive in McLean, Virginia, for $27.75 million. The building contains approximately 152,200 rentable square feet and is 100% leased to The MITRE Corporation until October 2016.

About Corporate Office Properties, L.P.

COPT is an office REIT that focuses primarily on serving the specialized requirements of U.S. Government agencies and defense contractors, most of which are engaged in defense information technology and national security-related activities. As of March 31, 2015, COPT derived... More