Corporate Office Properties Trust (OFC) Reports Q1 FFO of $0.51
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COPT Reports First Quarter 2020 Results
April 30, 2020 5:22 PM EDTEPS and FFO per Share Exceeded Guidance
Same-Property Cash NOI Growth of 5% in 1Q20 Exceeded Expectations
Core Portfolio 94% Occupied & 95.2% Leased
230,000 SF of 100% Leased Developments Placed in Service
2.2 Million SF Under Development are 78% Leased
Solid Leasing Volumes
Total Leasing of 631,000 SF
Strong Tenant Retention of 89%; Increasing Full-Year Retention Guidance to 75-80%
Minimal COVID-19 Impact on Operations and Results Expected
... More