Corporate Office Properties Trust (OFC) Reports Q4 FFO of $0.56

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COPT Establishes Full Year and 1Q 2021 Guidance

February 4, 2021 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, 2021:

Diluted earnings per share (EPS) in the range of $0.76$0.82; and Diluted FFO per share (FFOPS), as defined by Nareit and as adjusted for comparability, in the range of $2.16$2.22.

For the quarter ending March 31, 2021, the Company is establishing the following guidance:

EPS in the range of $0.19$0.21; and FFOPS, as defined by Nareit and as adjusted for comparability, in the range of... More

COPT Reports Fourth Quarter and Full Year 2020 Results

February 4, 2021 4:16 PM EST

EPS of $0.87 for 2020 Exceeded High End of Guidance by 8-Cents;
FFO per Share, as Adjusted for Comparability, of $2.12 Represented 4.4% Growth over 2019 Results & Exceeded High End of Guidance by 2-Cents

Same-Property Cash NOI Increased 1.6% During the Year

Core Portfolio 94.3% Occupied & 95.0% Leased

Record 1.8 Million SF of 99% Leased Developments Placed into Service During 2020

1.5 Million SF of Active Developments are 84% Leased

Operations Minimally Affected by COVID-19 Shutdowns

Monthly Rent Collections During Pandemic Shutdowns... More