COPT Provides Conference Call Details to Discuss 4Q and YE 2022 Results and Management’s 2023 Outlook

Rhea-AI Summary

Corporate Office Properties Trust (NYSE: OFC) will announce its fourth quarter and year-end 2022 results on February 9, 2023, after market close. The management will discuss financial performance and 2023 guidance during a conference call scheduled for February 10, 2023, at 12:00 p.m. Eastern. Participants must register for the call to gain dial-in access. COPT focuses on properties supporting U.S. Government functions, with 90% of its revenue from Defense/IT Locations. As of September 30, 2022, its portfolio included 186 properties and was 95% leased.

Positive

• COPT has a well-leased portfolio with a 95% occupancy rate.
• The company derives 90% of revenue from Defense/IT Locations, indicating strong market positioning.

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 2022 results and guidance for 2023.

Details:

Results and Guidance Release Date:	Thursday, February 9, 2023 after the market closes
Conference Call Date:	Friday, February 10, 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/BIc8139cc8ddaa47a4b273039144a05aea

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.

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/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, 2022, the Company derived 90% of its core portfolio annualized rental revenue from Defense/IT Locations and 10% from its Regional Office Properties. As of the same date and including 19 properties owned through unconsolidated joint ventures, COPT’s core portfolio of 186 properties encompassed 21.9 million square feet and was 95.0% 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, 2021.

Source: Corporate Office Properties Trust

View source version on businesswire.com: https://www.businesswire.com/news/home/20230110005979/en/

IR Contacts:

Venkat Kommineni

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 announce its fourth quarter results?

Corporate Office Properties Trust will announce its fourth quarter results on February 9, 2023, after market close.

What is the date and time of the conference call for OFC's financial results?

The conference call for Corporate Office Properties Trust's financial results is scheduled for February 10, 2023, at 12:00 p.m. Eastern.

How can I listen to the conference call for OFC?

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

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

As of September 30, 2022, 90% of Corporate Office Properties Trust's revenue comes from Defense/IT Locations.