Corporate Office Properties Trust (OFC) Tops Q1 EPS by 23c

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Go back to Corporate Office Properties Trust (OFC) Tops Q1 EPS by 23c

COPT 1Q 2022 Results Exceed Guidance

April 28, 2022 4:16 PM EDT

1Q22 EPS of $0.52 and FFO per Share of $0.58 Exceeded High-End of Guidance

1.2% Increase in Same-Property Cash NOI During Quarter Outperformed
High-End of Guidance by 20 Basis Points;
Maintain Full-Year Guidance for Change in Same-Property Cash NOI at (2%)-0%

Core Portfolio 92.2% Occupied & 94.1% Leased

283,000 SF of 100% Leased Developments Placed into Service in 1Q22

1.7 Million SF of Active Developments are 96% Leased

Solid Leasing

Total Leasing of 871,000... More