COPT to Present at Nareit’s REITweek: 2022 Investor Conference

Rhea-AI Summary

Corporate Office Properties Trust (NYSE: OFC) announced that its President and CEO, Stephen E. Budorick, will present at Nareit’s REITweek: 2022 Investor Conference on June 7, 2022, at 9:30 a.m. ET in New York. A live audio webcast will be available on COPT’s investor website. The company focuses on office and data center properties, primarily supporting U.S. Government missions, with 90% of rental revenue derived from Defense/IT Locations. As of March 31, 2022, COPT's portfolio includes 186 properties, covering 21.8 million square feet, and is 94.1% leased.

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit’s REITweek: 2022 Investor Conference. The presentation will be held on June 7, 2022 at 9:30 a.m. Eastern Time at the New York Hilton Midtown in New York, NY.

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

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/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (“Regional Office Properties”). As of March 31, 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 21.8 million square feet and was 94.1% 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/20220601006103/en/

IR:

Stephanie Krewson-Kelly

443-285-5453

stephanie.kelly@copt.com

Michelle Layne

443-285-5452

michelle.layne@copt.com

Source: Corporate Office Properties Trust

FAQ

What is the date and time of Corporate Office Properties Trust's presentation at the REITweek: 2022 Investor Conference?

The presentation is scheduled for June 7, 2022, at 9:30 a.m. Eastern Time.

Where will the REITweek: 2022 Investor Conference be held?

The conference will take place at the Hilton Midtown in New York, NY.

How can I access the live audio webcast of Corporate Office Properties Trust's presentation?

The webcast will be available on COPT's investor website under the 'News & Events – IR Calendar' section.

What percentage of Corporate Office Properties Trust's rental revenue comes from Defense/IT locations?

90% of COPT's core portfolio annualized rental revenue comes from Defense/IT Locations.

What is the leasing status of Corporate Office Properties Trust's portfolio as of March 31, 2022?

COPT's portfolio is 94.1% leased, encompassing 186 properties and 21.8 million square feet.