COPT Declares 94th Consecutive Common Dividend
Corporate Office Properties Trust (NYSE:OFC) declared a quarterly dividend of $0.275 per common share for Q2 2021, totaling an annualized amount of $1.10 per share. This dividend is payable on July 15, 2021, to shareholders of record on June 30, 2021. As of March 31, 2021, COPT's portfolio includes 180 properties covering 20.8 million square feet with a 94.9% lease rate. The company generates 88% of its revenue from Defense/IT locations, reinforcing its focus on government and contractor support.
- Quarterly dividend of $0.275, annualized to $1.10 per share, reflects strong cash flow.
- 94.9% leased portfolio indicates robust occupancy rates.
- 88% of rental revenue derived from stable Defense/IT sectors.
- 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 March 31, 2021, 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005108/en/
FAQ
What is the dividend amount declared by COPT for Q2 2021?
When is the dividend payable for COPT's Q2 2021?
What percentage of COPT's revenue comes from Defense/IT locations?
How many properties does COPT own as of March 31, 2021?
What is COPT's lease rate for its portfolio?
