COPT Declares Third Quarter 2023 Common Dividend
10 Agosto 2023 - 5:16PM
Business Wire
Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the
“Company”) announced today that its Board of Trustees declared a
regular quarterly dividend of $0.285 per common share for the third
quarter ending September 30, 2023. The third quarter 2023 dividend
represents an annualized amount of $1.14 per share and is payable
on October 16, 2023, to shareholders of record on September 29,
2023.
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 submarkets in the Greater
Washington, DC/Baltimore region with durable Class-A office
fundamentals and characteristics (“Regional Office Properties”). As
of June 30, 2023, 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
24 properties owned through unconsolidated joint ventures, COPT’s
core portfolio of 192 properties encompassed 22.9 million square
feet and was 95% 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, 2022.
Source: Corporate Office Properties Trust
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version on businesswire.com: https://www.businesswire.com/news/home/20230810426069/en/
IR Contacts:
Venkat Kommineni, CFA 443-285-5587 venkat.kommineni@copt.com
Michelle Layne 443-285-5452 michelle.layne@copt.com
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