Corporate Office Properties Trust (OFC) Reports In-Line Q3 FFO

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Go back to Corporate Office Properties Trust (OFC) Reports In-Line Q3 FFO

COPT Reports Third Quarter 2016 Results

October 27, 2016 5:01 PM EDT

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC) announced financial and operating results for the third quarter ended September 30, 2016.

Management Comments

As the third quarter demonstrated, we are executing well on all aspects of our 2016 plan, and key performance metrics were in-line with our guidance and expectations, stated Stephen E. Budorick, COPTs President & Chief Executive Officer. Same office cash NOI grew 1.1% in the quarter and 4.1% for the first nine months of the year, and we have completed over $300 million of asset sales... More