Corporate Office Properties Trust (OFC) Reports Q2 FFO of $0.58

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Go back to Corporate Office Properties Trust (OFC) Reports Q2 FFO of $0.58

COPT Reports Second Quarter 2021 Results; Raises Midpoint of Full Year Guidance by 4-Cents, Implying 6.6% Growth in FFOPS, as Adjusted for Comparability

July 29, 2021 4:16 PM EDT

Earlier Development Completions & Stronger Same-Property Results Drive Higher 2021 Expectations

Reported EPS of $0.38 in 2Q;
FFO per Share, as Adjusted for Comparability, of $0.58 was 1-Cent Above
High-End of Guidance

Same-Property Cash NOI Increased 2.4% in the Quarter, Strongly Outperforming Guidance
Raising Midpoint of Same-Property Cash NOI Guidance for the Year

Core Portfolio 93.7% Occupied & 94.6% Leased

1.95 Million SF of Active Developments are 87% Leased

Solid Leasing... More