COPT Declares 95th Consecutive Common Dividend
Corporate Office Properties Trust (NYSE: OFC) announced a quarterly dividend of $0.275 per common share for Q3 2021, totaling an annualized $1.10 per share. This dividend is payable on October 15, 2021, to shareholders of record on September 30, 2021. COPT primarily operates as a REIT focusing on office and data center properties, with 88% of its annualized rental revenue sourced from Defense/IT Locations. As of June 30, 2021, COPT's portfolio consisted of 181 properties covering 21.0 million square feet and was 94.6% leased.
- Declared quarterly dividend of $0.275 per share, signaling financial stability.
- 86.7% lease rate in the wholesale data center, showcasing demand for facilities.
- 88% of revenue derived from Defense/IT locations, indicating a stable revenue base.
- 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 June 30, 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
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