Corporate Office Properties Trust (OFC) Tops Q1 EPS by 3c, Revenues Beat; Lowers FY19 EPS Guidance Below Consensus, Q2 EPS Guidance Below Consensus

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Go back to Corporate Office Properties Trust (OFC) Tops Q1 EPS by 3c, Revenues Beat; Lowers FY19 EPS Guidance Below Consensus, Q2 EPS Guidance Below Consensus

COPT Reports First Quarter 2019 Results

April 30, 2019 5:05 PM EDT

EPS of $0.19 Exceeds Guidance; FFO per Share of $0.50 Meets High-End of Range
Strong Same-Property Cash NOI Growth of 4.7%
Core Portfolio 92.8% Occupied & 93.7% Leased
Solid Tenant Retention of 71.3%
181,000 SF of Development Placed into Service 100% Leased
1Q19 Cash Rent Spreads Anticipated; Full Year 2019 Rent Spread Guidance Maintained

Leasing Volumes Ahead of Expectations
956,000 SF Total Leasing Completed in 1Q19
1Q19 Vacancy Leasing of 126,000 SF is 77% Greater than 1Q18 Volume
Four Month Vacancy Leasing of 236,000 SF is 26% Greater than First Half 2018 Volume
Development... More