Corporate Office Properties Trust (OFC) Reports In-Line Q1 FFO; Guides Q2, FY16 FFO
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COPT Reports First Quarter 2016 Results
April 29, 2016 6:00 AM EDTCOLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) announced financial and operating results for the first quarter ended March 31, 2016.
Management Comments
Weve started the year with a strong first quarter, stated Roger A. Waesche, Jr., COPTs President & Chief Executive Officer. Solid tenant retention and positive rent spreads on renewing leases 11.4% on a GAAP basis and 2.0% on a cash basis combined with a 6.4% increase in same office cash NOI all demonstrate the strength of our portfolio. Stephen E. Budorick, COPTs Chief Operating... More
