COPT to Present at the BofA Securities 2022 Global Real Estate Conference

Rhea-AI Summary

Corporate Office Properties Trust (NYSE: OFC) announced that President and CEO Stephen E. Budorick will present at the BofA Securities 2022 Global Real Estate Conference on September 13, 2022, at 2:10 PM Eastern Time. A live audio webcast will be accessible on the company’s Investors website. COPT focuses on owning and managing office and data center properties, primarily serving national security and IT sectors, with 90% of annualized rental revenue stemming from Defense/IT Locations. As of June 30, 2022, the core portfolio included 186 properties, representing 21.9 million square feet and a 93.7% leasing rate.

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 2022 Global Real Estate Conference. The presentation will be held on Tuesday, September 13, 2022 at 2:10 p.m. Eastern Time.

A live audio webcast of the presentation 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 June 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 93.7% 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, 2021.

Source: Corporate Office Properties Trust

View source version on businesswire.com: https://www.businesswire.com/news/home/20220912005155/en/

IR:

Michelle Layne

443-285-5452

michelle.layne@copt.com

Source: Corporate Office Properties Trust

FAQ

What is the date of Corporate Office Properties Trust's presentation at the BofA Securities Conference?

Corporate Office Properties Trust will present at the BofA Securities 2022 Global Real Estate Conference on September 13, 2022.

Who is presenting for Corporate Office Properties Trust at the conference?

Stephen E. Budorick, the President and CEO of Corporate Office Properties Trust, will be presenting.

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

The live audio webcast can be accessed on Corporate Office Properties Trust's Investors website under the 'News & Events – IR Calendar' section.

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

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

How many properties does Corporate Office Properties Trust own?

Corporate Office Properties Trust owns a core portfolio of 186 properties.

What is the leasing rate for Corporate Office Properties Trust's core portfolio?

As of June 30, 2022, Corporate Office Properties Trust's core portfolio was 93.7% leased.