Corporate Office Properties Trust Stock News

Corporate Office Properties is reaching new milestones in its Defense/IT segment. This is driven by favorable demand drivers, particularly in the area of cyber defense. Of those that lease properties to the U.S. Government, I believe OFC's portfolio faces the least risk relating to non-renewal.

Corporate Office Properties owns and operates mission-critical properties that serve specialized areas of focus, such as national security, defense, and IT-related activities. OFC's Q1 release showcased strong results and was paired with positive revisions in their same-property guidance and outlook for retention levels. The resolution of debt ceiling negotiations and an increase in defense spe...

OFC divested from some of its non-core assets in non-primary markets, most notably selling off seven properties that were considered tangential to its core mission. Occupancy rates remained solid at 94.8%, slightly down from 95.3% in Q4 2022, reflecting an excellent ability to maintain high occupancy despite the portfolio transition. In my opinion, the current potential rewards out weight the r...

Corporate Office Properties Trust (NYSE:OFC ) Q1 2023 Earnings Conference Call April 28, 2023 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President & Chief Executive Officer Anthony Mifsud - Executive Vice President & Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Blaine Heck - Wells Fargo Michael Griff...

Corporate Office Properties Trust operates a niche portfolio of properties leased to the United States Government and its contractors. Their tenant base primarily operates in a national security, defense, and IT-related capacity.

Corporate Office Properties Trust (NYSE:OFC ) Q4 2022 Earnings Conference Call February 10, 2023 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President and Chief Executive Officer Todd Hartman - Executive Vice President and Chief Operating Officer Anthony Mifsud - Executive Vice President and Chief Financial Officer Conference Call Part...

REITs as an asset class do well in times of inflation. Corporate Office Properties Trust has also immunized itself from interest rate hikes. The company has been reorienting its portfolio towards the niche defense segment over the past 10 years. Now it is ready to benefit from this mix shift.

Corporate Office Properties Trust primarily serves the U.S. Government and its contractors in their mission-critical spacing needs relating primarily to defense and IT-related activities. While the portfolio is comprised principally of office space, it is more insulated from the elevated non-renewal risks facing others in the sector.