OFC - Mergers and acquisitions

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the "Operating Partnership"), has priced the previously announced offering of $300 million aggregate principal amount of its 5.25% Exchangeable Senior Notes due 2028 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Operating Partnership also granted the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first date o

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the "Operating Partnership"), intends to offer, subject to market conditions and other factors, $300 million aggregate principal amount of its Exchangeable Senior Notes due 2028 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Operating Partnership also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $45 million aggregate princi

Announces New Name and Logo to Align with Defense and Mission Critical Sector Focus Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") today announced that the Company is changing its name to COPT Defense Properties ("COPT Defense") and its ticker symbol for its common shares listed on the New York Stock Exchange from "OFC" to "CDP" effective September 15, 2023. Stephen E. Budorick, President & Chief Executive Officer, commented, "Over the past decade, we have executed a strategy which has deeply concentrated our real estate portfolio at locations proximate to, or sometimes containing, priority National Defense missions, and mission critical operations. This strategy

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the third quarter ending September 30, 2023. The third quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on October 16, 2023, to shareholders of record on September 29, 2023. About COPT 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 informatio

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the second quarter ending June 30, 2023. The second quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on July 17, 2023, to shareholders of record on June 30, 2023. About COPT 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 technol

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the first quarter ending March 31, 2023. This represents an increase of 3.6%, or $0.01 per share, over the most recent quarterly dividend of $0.275. The first quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on April 17, 2023, to shareholders of record on March 31, 2023. Stephen E. Budorick, COPT's President & Chief Executive Officer, commented, "This dividend increase is the culmination of over a decade of work to reposition our Company to produce durable cash flows and

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") is establishing the following guidance for the year ending December 31, 2023: 2023 Guidance. Diluted earnings per share ("EPS") in the range of $1.45−$1.53; and Diluted FFO per share ("FFOPS") - Nareit and as adjusted for comparability, in the range of $2.34−$2.42. 1Q23 Guidance. For the quarter ending March 31, 2023, the Company is establishing the following guidance: EPS in the range of $0.66−$0.68; and FFOPS - Nareit and as adjusted for comparability, in the range of $0.56−$0.58. 2023 Guidance Reconciliation Tables. Reconciliations of projected EPS to projected FFOPS - Nareit and as adjusted for comparabi

Corporate Office Properties Trust ("COPT" or the Company) (NYSE:OFC) executed two long-term leases in January with a Fortune 500 company for two build-to-suit developments in Northern Virginia. The first project is 225,000 square feet and is scheduled for shell completion in the second quarter of 2025. The second project is 193,000 square feet and is scheduled for shell completion in the fourth quarter of 2025. Additionally, the Company executed a 46,000 square foot lease for a build-to-suit office building with Davidson Technologies, a growing defense contractor for their new headquarters at Redstone Gateway in Huntsville, AL. About COPT COPT is a REIT that owns, manages, leases, develo

Corporate Office Properties Trust ("COPT" or the Company) (NYSE:OFC) announced the 2022 tax treatment of its common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of COPT common share distributions. Please note, the common share distributions with a record date of December 30, 2022, and payment date of January 17, 2023, are allocable to 2023 for income tax purposes. The table below summarizes the income tax treatment of 2022 distributions. Common Shares (CUSIP #22002T108) RecordDate PaymentDate TotalDistributionper Share TotalDistributionAllocable to2022 2022 TaxableOrdinaryDividends 2022

Approximately $250 Million of Equity to COPT Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announces the formation of two new joint ventures with entities affiliated with Blackstone Real Estate (the "Joint Venture"). The Joint Ventures acquired a 90% interest in five single-tenant, data center shell properties totaling approximately 1.1 million square feet and valued at $278 million. The acquisition was executed through two separate transactions occurring in mid-December and early January. COPT received approximately $250 million of proceeds which it will deploy to fund the equity required for its development pipeline. With these closings, the Company does not ant

Highest Annual Vacancy Leasing Level in 12 Years Illustrates the Durability of Portfolio Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") completed 801,000 square feet of vacancy leasing during 2022 with a weighted-average lease term of over 7 years, the Company's highest annual vacancy leasing level in 12 years. This record leasing volume is 30% higher than the 616,000 square feet achieved in 2021, exceeds the recent high watermark of 784,000 square feet achieved in 2019 and is 40% higher than the prior 5-year average for vacancy leasing, further demonstrating the strength of our Defense demand drivers. The Company completed 173,000 square feet of vacancy leasing i

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the fourth quarter ending December 31, 2022. The fourth quarter 2022 dividend represents an annualized amount of $1.10 per share and is payable on January 17, 2023, to shareholders of record on December 30, 2022. COPT 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 techn

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced that its Board of Trustees elected Essye B. Miller to serve on the Company's Board, effective October 1, 2022. "We are pleased to welcome to COPT's Board of Trustees such an experienced and respected professional from the defense community," stated Thomas F. Brady, Chairman of the Board. "Ms. Miller will be a valuable addition to the Board with her knowledge and experience in the U.S. Department of Defense, cybersecurity, and information technology. We look forward to her contributions and believe the Company will benefit from the perspectives she will bring from her respective fields and board advisory experi

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) executed a full-building lease with a defense contractor that is a Fortune 100 company at 1200 Redstone Gateway, a 121,000 square foot LEED Silver building in Huntsville, AL. About COPT 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 Compa

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the third quarter ending September 30, 2022. The third quarter 2022 dividend represents an annualized amount of $1.10 per share and is payable on October 17, 2022, to shareholders of record on September 30, 2022. About COPT 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 informatio

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) executed a build-to-suit lease with a defense contractor that is a Fortune 100 company at The National Business Park ("NBP"), adjacent to Fort George G. Meade in Annapolis Junction, Maryland. The 186,000 square foot development is designated for LEED Silver and, upon completion, will increase the park to 4.3 million square feet. About COPT 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 infor

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the second quarter ending June 30, 2022. The second quarter 2022 dividend represents an annualized amount of $1.10 per share and is payable on July 15, 2022, to shareholders of record on June 30, 2022. About COPT 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 technolog

DOD Base Budget Estimated at $665 Billion, a 6% Increase over Fiscal Year 2021 Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) reports that Congress recently passed an omnibus appropriations bill to fund the U.S. Government's fiscal year 2022 budget. The solid yea-nay votes of 363-70 in the House and 88-11 in the Senate indicate defense funding continues to garner bipartisan support. On March 15, 2022, the President signed the bill into law. The National Defense Authorization Act of Fiscal Year 2022 ("FY22 NDAA") appropriation provides the Department of Defense ("DOD") with an estimated base budget (before military construction and war effort funding) of $665 billion

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the first quarter ending March 31, 2022. The first quarter 2022 dividend represents an annualized amount of $1.10 per share and is payable on April 15, 2022, to shareholders of record on March 31, 2022. About COPT 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 technolog

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") is establishing the following guidance for the year ending December 31, 2022: Diluted earnings per share ("EPS") in the range of $1.12−$1.20; and Diluted FFO per share ("FFOPS"), as defined by Nareit and as adjusted for comparability, in the range of $2.30−$2.38. Management Comments. "Since 2018, our strategy of allocating capital to Defense/IT Locations that support priority missions at U.S. defense installations has generated compound annual growth of 4% in FFO per share, as adjusted for comparability. Our 2022 plan continues our proven strategy by placing over 800,000 square feet of fully-leased developments in

Corporate Office Properties Trust ("COPT" or the Company) (NYSE:OFC) announced the 2021 tax treatment of its Common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of COPT Common share distributions. Please note, the Common share distributions with a record date of January 3, 2022, and payment date of January 18, 2022, are allocable to 2022 for income tax purposes. The table below summarizes the income tax treatment of 2021 distributions. Common Shares (CUSIP #22002T108) Record Date Payment Date Total Distribution per Share Total Distribution Allocable to 2021 2021 Taxa

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) has sold 100% of COPT DC-6 ("DC-6"), the only asset in the Company's Wholesale Data Center reporting segment, to an investment vehicle managed by Cloud Capital, an affiliate company of CloudHQ, for $222.5 million. There was no debt on the asset and the Company will recycle the proceeds into funding its 1.8 million square feet of development projects that, on September 30, 2021, were 94% leased. Stephen E. Budorick, COPT's President & Chief Executive Officer, commented, "We are pleased to transfer DC-6 to the Cloud Capital team, whose extreme professionalism supported a smooth underwriting process and imbues us with conf

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the fourth quarter ending December 31, 2021. The fourth quarter 2021 dividend represents an annualized amount of $1.10 per share and is payable on January 18, 2022, to shareholders of record on January 3, 2022. About COPT 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

Corporate Office Properties Trust ("COPT" or the Company) (NYSE:OFC) has posted its 2021 Corporate Sustainability Report (the "2021 ESG Report") in the ‘Latest Updates' section of its Investors website: https://investors.copt.com/. COPT's 2021 ESG Report outlines the Company's dedication to providing transparency in environmental, social and governance practices that constitute its corporate sustainability platform. A direct link to the 2021 ESG Report is here: https://s23.q4cdn.com/233908562/files/doc_financials/2021/COPT_2021_SustainabilityReport_FINAL-for-web.pdf About COPT COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. T

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) executed a lease with the U.S. Government for 67,800 square feet at 310 Sentinel Way ("310 NBP"). With this transaction, 310 NBP is now 65% leased. About COPT 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 it believes are growing, durable, priority missions ("Defense/IT Locations"). The Company also owns a portfolio of office p

Two-Building, 263,000 SF Campus is Scheduled for Lease Commencement in 2H 2022 Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) executed two build-to-suit leases with Northrop Grumman Corporation ("Northrop Grumman"), one of the largest defense contractors in the U.S. and the world. COPT will invest approximately $103 million to construct a two-building campus totaling 263,000 square feet. Lease commencement dates for both buildings are expected in the second half of 2022. "We are excited to welcome Northrop Grumman to the Redstone Gateway community," stated Stephen E. Budorick, COPT's President & Chief Executive Officer. "Upon completion of their two-building campus

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) has executed a 20-year lease with the U.S. Government for a 206,000 square foot development in the secure campus at Redstone Gateway in Huntsville, AL. The Company expects to invest approximately $60 million to construct the building, which is slated for shell completion during the second quarter of 2023, with a targeted lease commencement date in the first quarter of 2024. "We are privileged to provide a mission critical real estate solution for another U.S. Government customer at Redstone Gateway and, having anticipated this demand in 2022, are pleasantly surprised by the accelerated commitment," stated Stephen E. Bud

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the third quarter ending September 30, 2021. The third quarter 2021 dividend represents an annualized amount of $1.10 per share and is payable on October 15, 2021, to shareholders of record on September 30, 2021. About COPT 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 informati

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announces the release date and conference call details for second quarter 2021 results as follows: Second Quarter 2021: Results Release Date:       Thursday, July 29, 2021 after the market closes         Conference Call Date:       Friday, July 30, 2021         Time:       12:00 p.m. Eastern Time         Telephone Number:       (within the U.S.) 855-463-9057         Telephone Number:       (outside the U.S.) 661-378-9894         Passcode:       8848821 Investors can also listen to the conference call via a live webcast in the ‘Latest Updates' section of COPT's Investors website: https://

Nearly 180,000 SF Scheduled for Lease Commencement in 1Q23 Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) executed two leases totaling 178,500 square feet at Redstone Gateway with a defense contractor that provides information assurance, enterprise solutions, and technology modernization services to the U.S. Government. The defense contractor will consolidate from multiple existing Huntsville facilities into two new developments COPT will construct for $65 million. The defense contractor will occupy 90% of a 172,500 square foot office building and roughly half of a 45,000 square foot R&D facility. Both projects are scheduled for shell completion in the fourth quarte

The 183,000 SF Development is Scheduled for Shell Completion in 2Q 2022 Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) executed a build-to-suit lease with a defense contractor that is a Fortune 100 company at The National Business Park, adjacent to Fort George G. Meade in Annapolis Junction, Maryland. The 183,000 square foot development is slated for shell completion during the second quarter of 2022, with a targeted lease commencement date in the second quarter of 2023. The development is the second of the 500-series of buildings in the northern portion of The National Business Park and, upon completion, will increase the park to 4.1 million square feet. About COP

Columbia, Maryland, June 03, 2021 (GLOBE NEWSWIRE) -- Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announces the formation of a new joint venture with funds affiliated with Blackstone Real Estate (the "Joint Venture"). The Joint Venture acquired a 90% interest in two single-tenant, data center shell properties totaling 432,000 square feet and valued at $119 million. COPT received approximately $107 million of equity proceeds it will deploy into its 1.7 million square foot pipeline of active development projects that, as of May 31, 2021, were 87% pre-leased.   About Blackstone Real Estate Blackstone is a global leader in real estate investing. Blackstone's re

Approximately $107 Million of Equity to COPT Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announces the formation of a new joint venture with funds affiliated with Blackstone Real Estate (the "Joint Venture"). The Joint Venture acquired a 90% interest in two single-tenant, data center shell properties totaling 432,000 square feet and valued at $119 million. COPT received approximately $107 million of equity proceeds it will deploy into its 1.7 million square foot pipeline of active development projects that, as of May 31, 2021, were 87% pre-leased. About Blackstone Real Estate Blackstone is a global leader in real estate investing. Blackstone's real estate busin

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the second quarter ending June 30, 2021. The second quarter 2021 dividend represents an annualized amount of $1.10 per share and is payable on July 15, 2021 to shareholders of record on June 30, 2021. About COPT 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

Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") executed a long-term lease with a Fortune 500 company for a 265,000 square foot, build-to-suit development in Northern Virginia. The facility is scheduled for shell completion in the second quarter of 2022. About COPT 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 it believes are growing, durable, priority missions ("Defense/IT

New World Headquarters for Rapidly Growing Roadway Intelligence Company Corporate Office Properties Trust (NYSE:OFC) ("COPT" or the "Company") executed a 55,000 square foot lease with Rekor Systems, Inc. ("Rekor"), a provider of real-time roadway, customer, and public safety intelligence to enable AI-driven decisions. Rekor is the largest tenant in COPT's recently repositioned 6721 Columbia Gateway Drive, which will serve as Rekor's new global headquarters. "We are thrilled to count Rekor among our expanding list of high-tech tenants and pleased we could accommodate their rapidly growing business," said Todd Hartman, COPT's Executive Vice President & Chief Operating Officer. "The Rekor t

Stronger Outlook for Same-Property Cash NOI and Interest Savings from Senior Notes Refinancing Boost 2021 Expectations EPS of ($0.06) Exceeded High End of Guidance by 1-Cent; FFO per Share, as Adjusted for Comparability, of $0.56 was at the High End of Guidance Raising Same-Property Cash NOI Guidance for the Year by 100 Basis Points, to (1%)-1% Same-Property Cash NOI Declined 2.7% in the Quarter, Consistent with Guidance Core Portfolio 94.0% Occupied & 94.9% Leased 46,000 SF of 100% Leased Development Placed into Service 1.4 Million SF of Active Developments are 85% Leased Solid Leasing Activity; Raising Tenant Retention Forecast Total Leasing of 258,000 SF in the Quarter; Over 660,0

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announces the release date and conference call details for first quarter 2021 results as follows: First Quarter 2021: Results Release Date: Thursday, April 29, 2021 after the market closes     Conference Call Date: Friday, April 30, 2021     Time: 12:00 p.m. Eastern Time     Telephone Number: (within the U.S.) 855-463-9057     Telephone Number: (outside the U.S.) 661-378-9894     Passcode: 8353839 Investors can also listen to the conference call via a liv

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced today the expiration of the previously announced cash tender offer by its operating partnership, Corporate Office Properties, L.P. (the “Issuer”), for any and all of the Issuer’s outstanding 3.600% Senior Notes due 2023, CUSIP No. 22003B AG1, fully and unconditionally guaranteed by COPT (the “2023 Notes”), on the terms and subject to the conditions set forth in the 2023 Offer to Purchase, dated March 3, 2021 (the “2023 Offer to Purchase”), and the related 2023 Notice of Guaranteed Delivery attached to the Offer to Purchase (the “2023 Notice of Guaranteed Delivery”). This

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the “Issuer” or “COPLP’), has priced the previously announced cash tender offer for any and all of the Issuer’s outstanding 5.250% Senior Notes due 2024, CUSIP No. 22003B AH9, fully and unconditionally guaranteed by COPT (the “Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase, dated March 3, 2021 (the “Offer to Purchase”), and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The tender offer is ref

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced today that its operating partnership, Corporate Office Properties, L.P. (the “Issuer” or “COPLP”), has priced the previously announced cash tender offer for any and all of the Issuer’s outstanding 3.600% Senior Notes due 2023, CUSIP No. 22003B AG1, fully and unconditionally guaranteed by COPT (the “Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase, dated March 3, 2021 (the “Offer to Purchase”), and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The tender offer is ref

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its Board of Trustees elected Raymond L. Owens to serve on the Company's Board, effective March 5, 2021. “We are honored to welcome such a highly experienced, well-regarded real estate professional to COPT’s Board of Trustees,” stated Thomas F. Brady, Chairman of the Board. “In addition to having served as an executive at another public office REIT, Ray brings a wealth of capital markets and investment experience to our Board. We are excited to work with him and look forward to benefiting from the valuable perspectives he will bring,” he stated. Between 2007-201

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its operating partnership, Corporate Office Properties, L.P. (the “Issuer”), has commenced a cash tender offer for any and all of the Issuer’s 5.250% Senior Notes due 2024, CUSIP No. 22003B AH9, fully and unconditionally guaranteed by COPT (the “Notes”) on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The tender offer is referred to herein as the “Offer.” The Offer to Purc

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its operating partnership, Corporate Office Properties, L.P. (the “Issuer”), has commenced a cash tender offer for any and all of the Issuer’s 3.600% Senior Notes due 2023, CUSIP No. 22003B AG1, fully and unconditionally guaranteed by COPT (the “Notes”) on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). On the date hereof, there were $350,000,000 aggregate principal amount o

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) has posted its 2020 Corporate Sustainability Report (the “2020 ESG Report”) in the ‘Latest Updates’ and ‘Sustainability’ sections of COPT’s Investors website: https://investors.copt.com/. COPT’s 2020 ESG Report outlines the Company’s dedication to providing transparency in environmental, social and governance practices that constitute its corporate sustainability platform. Included in the 2020 ESG Report are selected highlights from the 2020 Global Real Estate Sustainability Benchmark (“GRESB”) assessment where COPT earned its 6th consecutive Green Star rating. The GRESB annual ass

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced today that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the first quarter ending March 31, 2021. The first quarter 2021 dividend represents an annualized amount of $1.10 per share and is payable on April 15, 2021 to shareholders of record on March 31, 2021. About COPT 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 se

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 $0.54−$0.56. Management Comments “In October, we established guideposts for 2021 growth that implied a

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced financial and operating results for the fourth quarter and full year ended December 31, 2020. Management Comments Stephen E. Budorick, COPT’s President & Chief Executive Officer, commented, “Notwithstanding the challenges presented by the COVID-19 pandemic, 2020 was a very strong year for our Company. Our operations were minimally impacted by the pandemic shutdowns, as demonstrated by our 99.7% rent collection rate, the record 1.8 million square feet of fully leased developments we placed in service, and the one million square feet of new development leasing we compl

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) announced the 2020 tax treatment of its Common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of COPT Common share distributions. Please note, the Common share distributions with a record date of December 31, 2020, and payment date of January 15, 2021, are allocable to 2020 for income tax purposes. The table below summarizes the income tax treatment of 2020 distributions. Common Shares (CUSIP #22002T108) Record Date Payment Date Total Distributionper Share TotalDistributionAllocable

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) reports that on January 1, 2021, the fiscal year 2021 National Defense Authorization Act became law. The appropriation provides the Department of Defense (“DOD”) with a base budget (before military construction and overseas contingency operations) of $629 billion, which is a 1% increase over fiscal year 2020’s budget and represents 4% compound annual growth since and including the fiscal 2017 budget. Importantly, the DOD’s appropriation received strong bipartisan support, ultimately passing the House of Representatives by a vote of 322-87 and the Senate by a vote of 81-13. COPT’s

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announces the release date and conference call details for fourth quarter and year end 2020 results as follows: Fourth Quarter & Year End 2020:       Results Release Date:     Thursday, February 4, 2021 after the market closes         Conference Call Date:     Friday, February 5, 2021         Time:     12:00 p.m. Eastern Time         Telephone Number: (within the U.S.)     855-463-9057         Telephone Number: (outside the U.S.)     661-378-9894         Passcode:     1548922 Investor

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) recently executed three leases totaling 460,000 square feet. In Northern Virginia, the Company completed long-term leases with a Fortune 500 company for two build-to-suit developments totaling 420,000 square feet on land the Company owns. Additionally, in Huntsville, AL, the Company leased 39,000 square feet to the U.S. Government at 100 Secured Gateway, which is now 100% leased. With these transactions, management has achieved its goal of completing one million square feet of development leasing in 2020. Based on the 2.0 million square feet of opportunities in its Development Le

COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) has completed the second and final close of its new joint venture with funds affiliated with Blackstone Real Estate (the “Blackstone Funds”), which was previously announced on November 2, 2020. The Blackstone Funds acquired a 90% interest in six data center shell properties that contain 979,000 square feet and were valued at $203 million. COPT received approximately $84 million of equity value from the transaction for its 40% interest. The remaining equity value was distributed to a prior investor who held a 50% interest in these assets. The completion of this transaction follows