COPT Provides Conference Call Details for Fourth Quarter and Year End 2020 Results

Rhea-AI Summary

Corporate Office Properties Trust (NYSE: OFC) has announced the release date for its fourth quarter and year-end 2020 financial results, scheduled for Thursday, February 4, 2021, after market closure. A conference call will follow on Friday, February 5, 2021, at 12:00 p.m. Eastern Time. Interested investors can access the call via telephone or through a live webcast on the company's investor website. The company primarily focuses on office and data center properties, heavily servicing sectors related to national security and information technology.

Positive

• COPT's core portfolio includes 174 properties encompassing 20.2 million square feet, with 94.6% leased.
• 88% of core annualized rental revenue comes from Defense/IT Locations, indicating strong demand.

Negative

• None.

Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announces the release date and conference call details for fourth quarter and year end 2020 results as follows:

Fourth Quarter & Year End 2020:
Results Release Date:			Thursday, February 4, 2021 after the market closes
Conference Call Date:			Friday, February 5, 2021
Time:			12:00 p.m. Eastern Time
Telephone Number: (within the U.S.)			855-463-9057
Telephone Number: (outside the U.S.)			661-378-9894
Passcode:			1548922

Investors can also listen to the conference call via a live webcast in the ‘Latest Updates’ section of COPT’s Investors website: https://investors.copt.com/

Replay Information

A replay of the conference call will be immediately available via webcast on the Investors website. Additionally, a telephonic replay of this call will be available beginning at 3:00 p.m. Eastern Time on Friday, February 5, through 3:00 p.m. Eastern Time on Friday, February 19. To access the replay within the United States, please call 855-859-2056; to access it from outside the United States, please call 404-537-3406. In either case, use passcode 1548922.

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 September 30, 2020, the Company derived 88% of its core portfolio annualized rental revenue from Defense/IT Locations and 12% from its Regional Office Properties. As of the same date and including 15 properties owned through unconsolidated joint ventures, COPT’s core portfolio of 174 office and data center shell properties encompassed 20.2 million square feet and was 94.6% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 86.7% leased.

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, 2019 and subsequent Quarterly Reports on Form 10-Q.

Source: Corporate Office Properties Trust

View source version on businesswire.com: https://www.businesswire.com/news/home/20210107005848/en/

FAQ

What are the release details for Corporate Office Properties Trust's Q4 2020 results?

The results release date is Thursday, February 4, 2021, after market closes.

When will Corporate Office Properties Trust hold its conference call?

The conference call is scheduled for Friday, February 5, 2021, at 12:00 p.m. Eastern Time.

How can investors access the conference call for OFC?

Investors can access the conference call via telephone or through a webcast on the company's investor website.

What percentage of COPT's revenue is derived from Defense/IT locations?

88% of Corporate Office Properties Trust's core annualized rental revenue comes from Defense/IT Locations.