Corporate Office Properties Trust

COPT Defense Properties President & CEO, Stephen Budorick Interviewed by Advisor Access.

Retrieved on: 
Tuesday, November 28, 2023
Government, USG, SAN, REIT, Trust, Growth, Corporate Office Properties Trust, CDP, AA, Corporation, Unitary state, FFO, Information technology

SAN FRANCISCO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- COPT Defense Properties (COPT Defense) (NYSE: CDP) is an equity REIT whose 21.3 million square foot portfolio of office and data center properties was 97% leased on September 30, 2023.

Key Points: 
  • SAN FRANCISCO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- COPT Defense Properties (COPT Defense) (NYSE: CDP) is an equity REIT whose 21.3 million square foot portfolio of office and data center properties was 97% leased on September 30, 2023.
  • Advisor Access spoke with Stephen E. Budorick, CEO of COPT Defense Properties.
  • Advisor Access: In September, Corporate Office Properties Trust announced a name change to COPT Defense Properties and a ticker change to CDP from OFC.
  • Stephen E. Budorick is President and Chief Executive Officer of COPT Defense Properties.

Global Boutique Fitness Market Surges to $79.66 Billion by 2029, Fueled by Unique and Personalized Workout Experiences - ResearchAndMarkets.com

Retrieved on: 
Monday, October 16, 2023
Fitness & Nutrition, Health, Urbanization, Weight loss, Gym, Country, Porter's five forces analysis, Boot camp, Porter's generic strategies, Corporate Office Properties Trust, Motivation, Just Dance 2023 Edition, Growth, SoulCycle, Marketing, SWOT, Stand-alone, Franchising, Video game, Hotel, Retail, Nightclub, Female, Male

This surge in popularity can be attributed to the unique and meticulously curated experience offered by boutique fitness studios.

Key Points: 
  • This surge in popularity can be attributed to the unique and meticulously curated experience offered by boutique fitness studios.
  • Boutique fitness studios stand out from generic gym settings with their trendy decor, specialized equipment, and inviting ambiance.
  • This distinctive approach has captivated fitness enthusiasts worldwide, driving the demand for boutique fitness.
  • The Boutique Fitness Market is analyzed by Studio Type (Gym, Health and fitness Clubs, Corporate Offices, and Other Studio Types).

COPT to Present at the BofA Securities 2023 Global Real Estate Conference

Retrieved on: 
Friday, September 8, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Bank of America, Corporate Office Properties Trust, BofA Securities, Conference, NYSE, Corporation, OFC, Cryptocurrency, Broadcasting

Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its President and CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at the BofA Securities 2023 Global Real Estate Conference.

Key Points: 
  • Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its President and CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at the BofA Securities 2023 Global Real Estate Conference.
  • The presentation will be held on Tuesday, September 12, 2023 at 1:25 p.m. Eastern Time.
  • A live audio webcast of the presentation will be available in the ‘News & Events – IR Calendar’ section of COPT’s Investors website: https://investors.copt.com/news-events/ir-calendar

Corporate Office Properties Trust Announces Pricing of $300 Million of Exchangeable Senior Notes

Retrieved on: 
Friday, September 8, 2023
REIT, Defense, Commercial Building & Real Estate, Other Defense, Construction & Property, External commercial borrowing, Corporate Office Properties Trust, Partnership, Indian stock exchange, SEC Rule 144A, Debt-to-GDP ratio, Trustee, Person, Securities and Exchange Commission (Philippines), Sale, Prospectus, Trust, Corporation, OFC, Security (finance), Credit, NYSE, Note

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”).

Key Points: 
  • 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 on which the Notes are issued, up to an additional $45 million aggregate principal amount of Notes.
  • The Notes will mature on September 15, 2028, unless earlier exchanged, redeemed, or repurchased.
  • The Company will fully and unconditionally guarantee the Notes on a senior unsecured basis.

Corporate Office Properties Trust Announces Proposed Private Placement of $300 Million of Exchangeable Senior Notes

Retrieved on: 
Wednesday, September 6, 2023
Defense, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Other Defense, External commercial borrowing, Corporate Office Properties Trust, Partnership, SEC Rule 144A, Debt-to-GDP ratio, Person, Securities and Exchange Commission (Philippines), Sale, Offering, Corporation, Indian stock exchange, OFC, Security (finance), Credit, NYSE, Common, Note

The Operating Partnership also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $45 million aggregate principal amount of Notes.

Key Points: 
  • The Operating Partnership also intends to grant the initial purchasers of the Notes an option to purchase up to an additional $45 million aggregate principal amount of Notes.
  • The Notes will be the Operating Partnership’s senior unsecured obligations and will accrue interest payable semi-annually in arrears.
  • The Company will fully and unconditionally guarantee the Notes on a senior unsecured basis.
  • The interest rate, exchange rate and other terms of the Notes will be determined at the time of pricing of the Offering.

Exome Asset Management Names Alex Forschner and Joseph Narvaez to Corporate Office

Retrieved on: 
Wednesday, September 6, 2023
Asset Management, Professional Services, Finance, Senior, Partner, NetworkManager, Partner (business rank), Assets under management, Spell Capital Partners, Corporate Office Properties Trust, OrbiMed, AUM, Office, Corporation, Madison Avenue, Growth, Security (finance), Exome

Exome Asset Management LLC (“Exome”), an innovative asset management company focusing on investing in public markets across the worldwide healthcare industry, today announced that Alex Forschner and Joseph Narvaez have joined Managing Partner and Founder Sam Isaly as Partners in the firm’s Corporate Office.

Key Points: 
  • Exome Asset Management LLC (“Exome”), an innovative asset management company focusing on investing in public markets across the worldwide healthcare industry, today announced that Alex Forschner and Joseph Narvaez have joined Managing Partner and Founder Sam Isaly as Partners in the firm’s Corporate Office.
  • Mr. Forschner has been promoted to President and Mr. Narvaez has been promoted to Chief Operating Officer.
  • Both Mr. Forschner and Mr. Narvaez are founding Partners of the firm.
  • Prior to joining Exome, Mr. Narvaez served as a Network Manager at OrbiMed Advisors LLC, where he managed the firm’s IT systems.

Corporate Office Properties Trust Rebrands to COPT Defense Properties

Retrieved on: 
Tuesday, September 5, 2023
Commercial Building & Real Estate, Construction & Property, Defense, Other Defense, Military, REIT, Other Construction & Property, Government Technology, National security, Corporate Office Properties Trust, Awards and decorations of the United States government, Government, Corporation, NYSE, OFC, Management, Risk management

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.

Key Points: 
  • 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.
  • Additionally, the critical nature of our tenants’ missions insulates the Defense/IT portfolio from the headwinds of work from home trends and corporate rightsizing, which are affecting the broader office sector.
  • “We elected to retain the acronym COPT, to be used as a proper name, because our tenants have used this name for the Company for over 25-years.
  • Our team has built an incredible track record of development and operating excellence associated with COPT, which translates to immense brand value with our Defense customers.

COPT Declares Third Quarter 2023 Common Dividend

Retrieved on: 
Thursday, August 10, 2023
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Corporate Office Properties Trust, Trustee, NYSE, Corporation, OFC, Rare-earth element, Security (finance)

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.

Key Points: 
  • 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.

COPT Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Corporate Office Properties Trust, Dilution, Tenant, FFO, EBITDA, Investment, Corporation, OFC, NOI, Growth, EPS, NYSE, Rare-earth element, Cryptocurrency, Renting, Lease

Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the second quarter ended June 30, 2023.

Key Points: 
  • Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the second quarter ended June 30, 2023.
  • Our second quarter results were strong as FFO per share exceeded the midpoint of our guidance range by $0.02.
  • Lease Terms: In the quarter ended June 30, 2023, lease terms averaged 5.0 years on renewing leases and 6.9 years on vacancy leasing.
  • For the quarter ended June 30, 2023, the Company’s adjusted EBITDA fixed charge coverage ratio was 4.9x.

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Diversified Healthcare Trust (Nasdaq – DHC)

Retrieved on: 
Monday, July 10, 2023
Agreement, Brodsky, Suite, Corporate Office Properties Trust, Pension fund

BALA CYNWYD, Pa., July 10, 2023 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Diversified Healthcare Trust (“Diversified Healthcare” or the “Company”) (Nasdaq – DHC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company to Office Properties Income Trust (“Office Properties”).

Key Points: 
  • BALA CYNWYD, Pa., July 10, 2023 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Diversified Healthcare Trust (“Diversified Healthcare” or the “Company”) (Nasdaq – DHC) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company to Office Properties Income Trust (“Office Properties”).
  • Under the terms of the Agreement, Diversified Healthcare shareholders will receive only 0.147 shares of Office Properties for each share of Diversified Healthcare common stock they own.
  • The investigation concerns whether the Diversified Healthcare Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Office Properties is paying too little for the Company.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.