COPT Declares 93rd Consecutive Common Dividend
Corporate Office Properties Trust (NYSE: OFC) has announced a quarterly dividend of $0.275 per common share for Q1 2021, translating to an annualized amount of $1.10 per share. The dividend will be payable on April 15, 2021 to shareholders of record as of March 31, 2021. As of December 31, 2020, COPT's core portfolio comprised 179 properties encompassing 20.8 million square feet, achieving a 95.0% leasing rate, with 87% of rental revenue derived from Defense/IT locations.
- Quarterly dividend of $0.275 per share, annualized at $1.10, signaling shareholder return.
- 95.0% leasing rate across the core portfolio indicates strong demand.
- 87% of revenue sourced from Defense/IT locations suggests stability and growth potential.
- None.
Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced today that its Board of Trustees declared a regular quarterly dividend of
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 properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (“Regional Office Properties”). As of December 31, 2020, the Company derived
Forward-Looking Information
This press release may contain “forward-looking” statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company’s current expectations, estimates and projections about future events and financial trends affecting the Company. Forward-looking statements can be identified by the use of words such as “may,” “will,” “should,” “could,” “believe,” “anticipate,” “expect,” “estimate,” “plan” or other comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that the expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements.
The areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Category: Dividend Info
Source: Corporate Office Properties Trust
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FAQ
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