COPT to Present at Citi’s 2023 Global Property CEO Conference

Rhea-AI Summary

Corporate Office Properties Trust (NYSE: OFC) announced that Stephen E. Budorick, President & CEO, will present at Citi’s 2023 Global Property CEO Conference on March 7, 2023, at 3:40 p.m. ET in Hollywood, Florida. A live audio webcast of the session will be available on COPT’s Investors website, with a replay accessible until March 27, 2023. COPT primarily focuses on office and data center properties, with 91% of its revenue sourced from locations supporting the U.S. Government and its contractors, particularly in national security and IT. As of December 31, 2022, COPT owned 192 properties totaling 22.8 million square feet, achieving a leasing rate of 95.3%.

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi’s 2023 Global Property CEO Conference. The presentation will be held on March 7, 2023 at 3:40 p.m. Eastern Time at The Diplomat Resort & Spa in Hollywood, Florida.

A live audio webcast of the presentation and materials encompassing the information provided during the presentation and conference will be available in the ‘News & Events – IR Calendar’ section of COPT’s Investors website: https://investors.copt.com/news-events/ir-calendar The replay of the presentation will be available until 11:59 p.m. Eastern Time on March 27, 2023.

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/20230301005286/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 present at the Citi Global Property CEO Conference?

Corporate Office Properties Trust will present on March 7, 2023.

What time is the presentation by COPT's CEO at the conference?

The presentation will take place at 3:40 p.m. Eastern Time.

Where is the Citi Global Property CEO Conference being held?

The conference will be held in Hollywood, Florida.

How can I access the live audio webcast of COPT's presentation?

The live audio webcast can be accessed on COPT’s Investors website.

Until when is the replay of COPT's presentation available?

The replay will be available until 11:59 p.m. Eastern Time on March 27, 2023.

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

91% of COPT's revenue derives from Defense/IT Locations.

How many properties does COPT own as of December 31, 2022?

COPT owns 192 properties as of December 31, 2022.

What is the leasing rate for COPT's core portfolio?

COPT's core portfolio leasing rate is 95.3%.