Corporate Office Properties Trust (OFC) Misses Q2 EPS by 1c

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Go back to Corporate Office Properties Trust (OFC) Misses Q2 EPS by 1c

COPT Reports 2Q 2022 Results

July 28, 2022 4:17 PM EDT

Raises Midpoint of Full-Year Guidance for FFOPS, As Adjusted for Comparability by 1-Cent to $2.35, Implying 2.6% Growth

Reports EPS of $0.29 in 2Q22;
FFO per Share, as Adjusted for Comparability, of $0.59 at High-End of Guidance

Increased Midpoint of Full-Year Same-Property Occupancy to 92.5%;
Maintains Full-Year Guidance for Change in Same-Property Cash NOI at (2%)-0%;
2.4% Decrease in Same-Property Cash NOI During Quarter, In-Line with Expectations

Core Portfolio 91.8% Occupied & 93.7% Leased

80,000 SF of 94% Leased Developments Placed into... More