Corporate Office Properties Trust (OFC) Reports In-Line Q4 FFO
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February 7, 2019 4:17 PM EST
COLUMBIA, Md.--(BUSINESS WIRE)--
Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC)
is establishing the following guidance for the year ending December 31,
2019:
Diluted earnings per share (EPS) in the range of $0.62$0.66
Diluted FFO per share (FFOPS), as defined by NAREIT and as adjusted
for comparability, in the range of $2.02$2.06
For the quarter ending March 31, 2019, the Company is establishing the
following guidance:
EPS in the range of $0.14$0.15
FFOPS, as defined by NAREIT and as adjusted for comparability, in the
range of...
More
February 7, 2019 4:16 PM EST
COLUMBIA, Md.--(BUSINESS WIRE)--
Corporate Office Properties Trust (COPT or the Company) (NYSE: OFC)
announced financial and operating results for the fourth quarter and
full year ended December 31, 2018.
Management Comments
Our fourth quarter represented a strong finish to a solid year, stated
Stephen E. Budorick, COPTs President & Chief Executive Officer.
Leasing further accelerated during the fourth quarter, resulting in
nearly 250,000 square feet of vacancy leasing, 377,000 square feet of
development leasing, and 700,000 square feet of renewals, resulting in a
robust 82% retention rate. For the year, we leased over 4.2 million
square... More
