NYSE:OFC | Jotup

COPT Defense Provides Conference Call Details to Discuss 3Q 2023 Results along with Investor Day Materials

Retrieved on:

Thursday, October 12, 2023

Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, NYSE, Defense, CDP, Private investigator, Computer data storage, Security (finance)

COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss third quarter 2023 results and announces the posting of its 2023 Investor Day materials.

Key Points:

COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss third quarter 2023 results and announces the posting of its 2023 Investor Day materials.
Participants must register for the conference call at the link below to receive the dial-in number and personal pin.
Registering only takes a few moments and provides direct access to the conference call without waiting for an operator.
You may register at any time, including up to and after the call start time:

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

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

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.

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

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.

COPT Provides Conference Call Details to Discuss 2Q 2023 Results

Retrieved on:

Thursday, July 6, 2023

REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, NYSE, Corporate Office Properties Trust, PIN, Corporation, OFC

Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss second quarter 2023 results.

Key Points:

Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss second quarter 2023 results.
Results and Guidance Release Date:
Participants must register for the conference call at the link below to receive the dial-in number and personal PIN.
Registering only takes a few moments and provides direct access to the conference call without waiting for an operator.
You may register at any time, including up to and after the call start time:

COPT to Present at Nareit’s REITweek: 2023 Investor Conference

Retrieved on:

Thursday, June 1, 2023

Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, New York Hilton Midtown, Corporate Office Properties Trust, Conference, NYSE, Corporation, OFC, Cryptocurrency, Broadcasting, Life insurance

Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit’s REITweek: 2023 Investor Conference.

Key Points:

Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit’s REITweek: 2023 Investor Conference.
The presentation will be held on June 7, 2023 at 8:45 a.m. Eastern Time at the New York Hilton Midtown in New York, NY.
A live audio webcast of the presentation and accompanying materials will be available in the ‘News & Events – IR Calendar’ section of COPT’s Investors website: https://investors.copt.com/news-events/ir-calendar .

COPT Declares Second Quarter 2023 Common Dividend

Retrieved on:

Thursday, May 11, 2023

REIT, Defense, Commercial Building & Real Estate, Other Defense, Construction & Property, 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 second quarter ending June 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 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.