COPT to Present at the BofA Securities 2021 Global Real Estate Virtual Conference

Rhea-AI Summary

Corporate Office Properties Trust (NYSE: OFC) announced that its President and CEO, Stephen E. Budorick, will present at the BofA Securities 2021 Global Real Estate Virtual Conference. The event is scheduled for Wednesday, September 22, 2021, at 8:15 a.m. Eastern Time. A live audio webcast will be accessible on COPT’s Investors website. As of June 30, 2021, COPT's portfolio includes 181 office and data center properties, totaling 21.0 million square feet, with an occupancy rate of 94.6%. The company focuses on locations supporting U.S. Government and contractors in defense and IT sectors.

COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its President and CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at the BofA Securities 2021 Global Real Estate Virtual Conference. The presentation will be held on Wednesday, September 22, 2021 at 8:15 a.m. Eastern Time.

A live audio webcast of the presentation will be available in the ‘Latest Updates’ section of COPT’s Investors website: https://investors.copt.com/

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 it 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 June 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 181 office and data center shell properties encompassed 21.0 million square feet and was 94.6% leased; the Company also owned one wholesale data center with a critical load 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/20210915005233/en/

IR Contacts:

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

When will Corporate Office Properties Trust present at the BofA Securities virtual conference?

Corporate Office Properties Trust will present at the BofA Securities 2021 Global Real Estate Virtual Conference on September 22, 2021, at 8:15 a.m. Eastern Time.

Where can I access the live webcast of the Corporate Office Properties Trust presentation?

The live audio webcast of the presentation will be available on COPT’s Investors website in the ‘Latest Updates’ section.

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

As of June 30, 2021, 88% of Corporate Office Properties Trust's core portfolio annualized rental revenue is derived from Defense/IT locations.

How many properties does Corporate Office Properties Trust own as of June 30, 2021?

As of June 30, 2021, Corporate Office Properties Trust owns 181 office and data center properties.

What is the occupancy rate of Corporate Office Properties Trust's portfolio?

The occupancy rate of Corporate Office Properties Trust's core portfolio was 94.6% as of June 30, 2021.