Corporate Office Properties Trust (OFC) Tops Q4 EPS by 19c, Revenues Beat; Offers Q1 & FY20 EPS Guidance Below Consensus

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Go back to Corporate Office Properties Trust (OFC) Tops Q4 EPS by 19c, Revenues Beat; Offers Q1 & FY20 EPS Guidance Below Consensus

COPT Establishes Full Year and 1Q 2020 Guidance

February 6, 2020 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, 2020:

Diluted earnings per share (EPS) in the range of $0.66$0.70 Diluted FFO per share (FFOPS), as defined by Nareit and as adjusted for comparability, in the range of $2.06$2.10

For the quarter ending March 31, 2020, the Company is establishing the following guidance:

EPS in the range of $0.12$0.14 FFOPS, as defined by Nareit and as adjusted for comparability, in the range of... More

COPT Reports Fourth Quarter and Full Year 2019 Results

February 6, 2020 4:16 PM EST

EPS Exceeded Guidance; FFO per Share Achieved Mid-Point of Updated Guidance
Same-Property Cash NOI Growth of 6.2% in 4Q19 and 3.9% for the Full Year Exceeded Guidance

Core Portfolio 93.1% Occupied & 94.6% Leased

1.2 Million SF of 100% Leased Developments Placed into Service During 2019

2.3 Million SF Under Development are 79% Leased

Record Leasing Volumes
Total Leasing of 659,000 SF in 4Q and Record Total Leasing of 4.9 Million SF for the Full Year - 600,000 SF Higher than Prior Record Set in 2010... More