COPT Provides Conference Call Details to Discuss 4Q and YE 2021 Results and Management’s 2022 Outlook

Rhea-AI Summary

Corporate Office Properties Trust (NYSE: OFC) has announced the schedule for its fourth quarter and year-end 2021 results, set to be released on February 10, 2022, after market close. A conference call will follow on February 11, 2022, at 12:00 p.m. Eastern Time, where management will discuss the results and provide guidance for 2022. Investors can participate via a live webcast or telephone, with replay options available until February 25, 2022.

Positive

• Scheduled to release fourth quarter and year-end results on February 10, 2022.
• Management will provide guidance for 2022 during the conference call.

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 fourth quarter and year end 2021 results, and guidance for 2022. Conference call details are as follows:

Results & Guidance Release Date:		Thursday, February 10, 2022 after the market closes
Conference Call Date:		Friday, February 11, 2022
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:		5193227

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 11, through 3:00 p.m. Eastern Time on Friday, February 25. 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 5193227.

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 (such properties, “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, 2021, 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 19 properties owned through unconsolidated joint ventures, COPT’s core portfolio of 184 office and data center shell properties encompassed 21.5 million square feet and was 94.8% leased; the Company also owned one wholesale data center with a capacity 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, 2020.

Source: Corporate Office Properties Trust

View source version on businesswire.com: https://www.businesswire.com/news/home/20220120005205/en/

IR Contacts:

Stephanie Krewson-Kell

443-285-5453

stephanie.kelly@copt.com

Michelle Layne

443-285-5452

michelle.layne@copt.com

Source: Corporate Office Properties Trust

FAQ

When will Corporate Office Properties Trust report its fourth quarter results for 2021?

Corporate Office Properties Trust will report its fourth quarter results on February 10, 2022, after market close.

What time is the conference call for Corporate Office Properties Trust's results?

The conference call will take place on February 11, 2022, at 12:00 p.m. Eastern Time.

How can I listen to the conference call for OFC?

You can listen to the conference call via a live webcast on Corporate Office Properties Trust's Investors website.

What is the passcode for the replay of Corporate Office Properties Trust's conference call?

The passcode for the replay is 5193227.

How long will the replay of the conference call be available?

The replay will be available from February 11, 2022, at 3:00 p.m. Eastern Time until February 25, 2022, at 3:00 p.m. Eastern Time.