Corporate Office Properties Trust (OFC) Stock Price, News & Analysis

Company Overview

COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (IT) related activities servicing what the Company believes are growing, durable, priority missions (Defense/IT Locations). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties). As of June 30, 2023, the Company derived 90% of its core portfolio annualized rental revenue from Defense/IT Locations and 10% from its Regional Office Properties. As of the same date and including 24 properties owned through unconsolidated joint ventures, COPT's core portfolio of 192 properties encompassed 22.9 million square feet and was 95% leased.

Key Stats

• Today's Range: N/A
• 50-Day Range: $24.41 to $26.74
• 52-Week Range: N/A
• Volume: 542,700 shs
• Average Volume: 733,029 shs
• Market Capitalization: $2.81 billion
• P/E Ratio: 14.76
• Dividend Yield: 4.57%
• Price Target: N/A
• Consensus Rating: N/A

OFC Stock Analysis - Frequently Asked Questions

How were Corporate Office Properties Trust's earnings last quarter?

Corporate Office Properties Trust (NYSE:OFC) posted its quarterly earnings results on Friday, July, 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.32. Corporate Office Properties Trust's quarterly revenue was down 8.9% on a year-over-year basis.

What other stocks do shareholders of Corporate Office Properties Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Corporate Office Properties Trust investors own include Meta Platforms (META), Chevron (CVX), NVIDIA (NVDA), Verizon Communications (VZ), CVS Health (CVS), Tesla (TSLA) and Extra Space Storage (EXR).

Company Calendar

• Last Earnings: 7/28/2023
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Real Estate
• Industry: REIT—Office
• Sub-Industry: Office REITs
• Current Symbol: NYSE:OFC
• CUSIP: 22002T10
• CIK: 860546
• Web: www.copt.com
• Phone: (443) 285-5400
• Fax: 443-285-7650
• Employees: 395
• Year Founded: 1988

Profitability

• EPS (Most Recent Fiscal Year): $1.69
• Trailing P/E Ratio: 14.76
• Forward P/E Ratio: N/A
• P/E Growth: 0.94
• Net Income: $173.03 million
• Net Margins: 27.43%
• Pretax Margin: 28.29%
• Return on Equity: 10.93%
• Return on Assets: 4.49%

Debt

• Debt-to-Equity Ratio: 1.22
• Current Ratio: 2.10
• Quick Ratio: 2.10

Sales & Book Value

• Annual Sales: $739.03 million
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 9.61
• Book Value: $15.31 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 112,540,000
• Free Float: 111,556,000
• Market Cap: $2.81 billion
• Optionable: Optionable
• Beta: 1.03