COPT Provides Conference Call Details to Discuss 1Q 2023 Results

Rhea-AI Summary

Corporate Office Properties Trust (NYSE: OFC) announced the release date for its first quarter 2023 results, scheduled for April 27, 2023 after market close. A conference call will follow on April 28, 2023, at 12:00 p.m. Eastern. Participants can register for the conference call via the provided link for direct access without waiting for an operator. COPT, a REIT focused on office and data center properties primarily supporting the U.S. Government, had a core portfolio of 192 properties as of December 31, 2022, comprising 22.8 million square feet with a 95.3% lease rate.

Positive

• COPT's core portfolio consists of 192 properties, representing 22.8 million square feet.
• The company achieved a high lease rate of 95.3% as of December 31, 2022.

Negative

• None.

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss first quarter 2023 results.

Details:

Results and Guidance Release Date:		Thursday, April 27, 2023 after the market closes
Conference Call Date:		Friday, April 28, 2023
Time:		12:00 p.m. Eastern

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:

https://register.vevent.com/register/BI87782b47ac97407ba4fd64c7e403b916

Participants can also listen to the conference call via a live webcast in the ‘News & Events – IR Calendar’ section of COPT’s Investors website:

https://investors.copt.com/news-events/ir-calendar

A replay of the conference call will be immediately available via webcast only on COPT’s Investors website.

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 the Company believes are growing, durable, priority missions (“Defense/IT Locations”). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (“Regional Office Properties”). As of December 31, 2022, the Company derived 91% of its core portfolio annualized rental revenue from Defense/IT Locations and 9% from its Regional Office Properties. As of the same date and including 21 properties owned through unconsolidated joint ventures, COPT’s core portfolio of 192 properties encompassed 22.8 million square feet and was 95.3% 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, 2022.

Source: Corporate Office Properties Trust

View source version on businesswire.com: https://www.businesswire.com/news/home/20230403005721/en/

IR Contacts:

Venkat Kommineni, CFA

443-285-5587

venkat.kommineni@copt.com

Michelle Layne

443-285-5452

michelle.layne@copt.com

Source: Corporate Office Properties Trust

FAQ

When will Corporate Office Properties Trust release its Q1 2023 results?

Corporate Office Properties Trust will release its Q1 2023 results on April 27, 2023, after market close.

What is the date and time for the OFC conference call?

The conference call for Corporate Office Properties Trust is scheduled for April 28, 2023, at 12:00 p.m. Eastern.

How can I register for the COPT conference call?

Participants can register for the COPT conference call via a link provided in the press release to obtain the dial-in number.

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

As of December 31, 2022, COPT derived 91% of its core portfolio annualized rental revenue from Defense/IT locations.

What properties does Corporate Office Properties Trust primarily own?

COPT primarily owns, manages, and leases office and data center properties that support the U.S. Government and its contractors.