COPT, a Maryland Based Office Real Estate Investment Trust (REIT)
Corporate Office Properties Trust (NYSE:OFC) is an office real estate investment trust (REIT) that focuses primarily on serving the specialized requirements of U.S. Government agencies and defense contractors, most of whom are engaged in defense information technology and national security-related activities. The Company generally acquires, develops, manages and leases office and data center properties which are typically:
We own, manage, acquire and develop first-class office properties. Our mission is to create environments that inspire success in order to increase value for our shareholders, tenants and employees.
For 2012 & 2013, COPT's primary objectives are to:
Lease our assets
Sell non-strategic buildings and land
Develop new buildings if demand merits new construction
Strengthen our balance sheet
Our strategy:
Concentrate our portfolio into markets that are located adjacent to government demand drivers and/or in growth corridors
Design, develop, acquire and operate technically sophisticated buildings required by tenants in the Government and Defense IT industries
Increase our concentration of annualized revenues generated by our core tenant niche from 60% at year end 2011 to two-thirds by year end 2013
Offer tenants environmentally sensitive construction, rehabilitation and operations practices to position COPT for strategic advantage
As of March 31, 2013:
210 office properties
(consolidated)
19.1 million rentable square feet
$4.7 billion market capitalization
Recognized by CEL & Associates as Best in Industry for customer service nine consecutive years (2004-2012), in large owner category
Locations in Maryland, Virginia, Colorado, Texas, Alabama, and Pennsylvania
Recognized by NAIOP and BOMA for excellence in commercial real estate development
Member of NAIOP, BOMA, ULI, AIA, CREW, U.S. Green Building Council
