OFC Corporate Office Properties Trust Dashboard

Corporate Office Properties Trust, Inc. is a real estate investment trust, which acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded in 1988 and is headquartered in Columbia, MD.

Company profile

Ticker

OFC

Exchange

NYSE

Website

www.copt.com/

CEO

Stephen Budorick

Incorporated

Maryland

Location

Maryland

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • VEREIT • Vornado Realty • Simon Property • Healthpeak Properties • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • Weyerhaeuser ...

Former names

CORPORATE OFFICE PROPERTIES TRUST INC, ROYALE INVESTMENTS INC

SEC CIK

0000860546

Corporate docs

Articles of Incorporation & Bylaws

IRS number

232947217

OFC stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

3 May 21

13 Jun 21

31 Dec 21

Financial summary

Financial statements Chart OFC financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	40.28M	40.28M	40.28M	40.28M	40.28M	40.28M
Cash burn (monthly)	(positive/no burn)	10.22M	2.02M	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	25.08M	4.95M	n/a	n/a	n/a
Cash remaining	n/a	15.2M	35.33M	n/a	n/a	n/a
Runway (months of cash)	n/a	1.5	17.5	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

OFC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Jun 21	Kesler Steven D	Common Shares	Sell	Dispose S	No	No	30.07	3,000	90.21K	34,568
8 Jun 21	Kesler Steven D	Common Shares	Sell	Dispose S	No	No	29.6428	8,000	237.14K	37,568
4 Jun 21	Jacobstein David M	Common Shares	Sell	Dispose S	No	No	28.0703	4,000	112.28K	9,567
26 May 21	Denton Robert L	COPT - Common Shares	Sell	Dispose S	No	No	27.2837	3,986	108.75K	3,416
13 May 21	Raymond Lee Owens	Profit Interest Units Common Shares	Grant	Aquire A	No	No	0	3,416	0	3,416

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

OFC institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

97.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	259	248	+4.4%
Opened positions	45	34	+32.4%
Closed positions	34	38	-10.5%
Increased positions	94	79	+19.0%
Reduced positions	89	109	-18.3%

13F shares	Current	Prev Q	Change
Total value	2.92B	3.01B	-2.9%
Total shares	109.35M	111.08M	-1.6%
Total puts	49.9K	46.2K	+8.0%
Total calls	20.7K	133.3K	-84.5%
Total put/call ratio	2.4	0.3	+595.5%

Largest owners	Shares	Value	Change
Vanguard	15.96M	$420.15M	+2.5%
BLK Blackrock	12.77M	$336.36M	+2.1%
FMR	5.96M	$156.84M	-8.6%
Earnest Partners	5.58M	$147M	+13.8%
Barrow Hanley Mewhinney & Strauss	5.22M	$137.41M	-20.7%
STT State Street	4.9M	$130.42M	+1.0%
Victory Capital Management	2.71M	$71.37M	+19.2%
BAC Bank Of America	2.29M	$60.29M	+26.0%
Dimensional Fund Advisors	2.1M	$55.42M	-5.6%
NTRS Northern Trust	1.85M	$48.64M	-8.5%

Largest transactions	Shares	Bought/sold	Change
Massachusetts Financial Services	101.37K	-2.39M	-95.9%
Norges Bank	0	-1.48M	EXIT
Barrow Hanley Mewhinney & Strauss	5.22M	-1.37M	-20.7%
Heitman Real Estate Securities	1.3M	+1.3M	NEW
JHG Janus Henderson	1.19M	+1.19M	NEW
Channing Capital Management	632.23K	-1.15M	-64.4%
Citadel Advisors	1.11M	-964.24K	-46.5%
Wellington Management	1.2M	-851.49K	-41.5%
Frontier Capital Management	1.77M	-726.28K	-29.1%
Deroy & Devereaux Private Investment Counsel	677.87K	+677.87K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

We evaluate the operating performance of our properties using NOI from real estate operations, our segment performance measure, which includes: real estate revenues and property operating expenses; and the net of revenues and property operating expenses of real estate operations owned through unconsolidated real estate joint ventures (“UJVs”) that is allocable to our ownership interest (“UJV NOI allocable to COPT”). We view our NOI from real estate operations as comprising the following primary categories:
•stably owned and 100% operational throughout the current and prior year reporting periods being compared. We define these as changes from “Same Properties”;
•our wholesale data center.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: composition, direct, February, inclusion, larger, member, narrative, obligor, parent, party, removal, repetitive, residual, simplify, snow, subordinated, susceptible, unconditional, unsubordinated, vaccination

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From filing 10-Q 2021 Q1