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 • Brookfield Property REIT • Simon Property • VEREIT • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • AGNC Investment • Boston Properties • Boston Properties LTD Partnership ...

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

12 Feb 21

11 Apr 21

31 Dec 21

Financial summary

Financial statements Chart OFC financial data

Quarter (USD)	Sep 20	Jun 20	Mar 20	Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
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)	14.68M	14.68M	14.68M	14.68M	14.68M	14.68M
Cash burn (monthly)	3.73M	3M	10.44M	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	23.89M	19.24M	66.87M	n/a	n/a	n/a
Cash remaining	-9.21M	-4.57M	-52.19M	n/a	n/a	n/a
Runway (months of cash)	-2.5	-1.5	-5.0	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
16 Mar 21	Greg J Thor	Common Shares	Sell	Dispose S	No	No	28.0058	3,880	108.66K	21,739
12 Mar 21	Denton Robert L	COPT - Common Shares	Sell	Dispose S	No	No	26.8226	2,000	53.65K	3,986
11 Mar 21	Denton Robert L	COPT - Common Shares	Sell	Dispose S	No	No	27.0566	1,500	40.58K	5,986
9 Mar 21	Denton Robert L	COPT - Common Shares	Conversion	Aquire C	No	No	0	3,500	0	7,486
9 Mar 21	Denton Robert L	Common Units - COPLP Common Shares	Conversion	Dispose C	No	No	0	3,500	0	252,514

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

Institutional ownership Q4 2020

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.

98.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	246	252	-2.4%
Opened positions	32	36	-11.1%
Closed positions	38	37	+2.7%
Increased positions	79	95	-16.8%
Reduced positions	109	91	+19.8%

13F shares	Current	Prev Q	Change
Total value	2.99B	2.63B	+13.7%
Total shares	110.27M	110.88M	-0.6%
Total puts	46.2K	0	NEW
Total calls	133.3K	9.1K	+1364.8%
Total put/call ratio	0.3	–	–

Largest owners	Shares	Value	Change
Vanguard	15.57M	$406.19M	+1.3%
BLK Blackrock	12.52M	$326.42M	+2.7%
Barrow Hanley Mewhinney & Strauss	6.58M	$171.72M	+900.8%
FMR	6.52M	$169.99M	-28.5%
Earnest Partners	4.91M	$128.01M	+28.3%
STT State Street	4.85M	$127.87M	-1.2%
Frontier Capital Management	2.49M	$65.04M	-5.8%
Massachusetts Financial Services	2.49M	$64.92M	-35.5%
Victory Capital Management	2.27M	$59.33M	+241.8%
Dimensional Fund Advisors	2.23M	$58.15M	+5.1%

Largest transactions	Shares	Bought/sold	Change
Barrow Hanley Mewhinney & Strauss	6.58M	+5.93M	+900.8%
FMR	6.52M	-2.6M	-28.5%
Wellington Management	2.05M	-2.53M	-55.2%
Zimmer Partners	0	-2.18M	EXIT
BAC Bank Of America	1.82M	+1.69M	+1310.2%
Victory Capital Management	2.27M	+1.61M	+241.8%
Ajo	108.97K	-1.52M	-93.3%
Norges Bank	1.48M	+1.48M	NEW
Massachusetts Financial Services	2.49M	-1.37M	-35.5%
Earnest Partners	4.91M	+1.08M	+28.3%

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

Financial report summary

Management Discussion

For a discussion of our results of operations comparison for 2019 and 2018, refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed on February 19, 2020.
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 COPT’s 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 two years being compared. We define these as changes from “Same Properties.” For further discussion of the concept of “operational,” refer to the section of Note 2 of the consolidated financial statements entitled “Properties”;

Content analysis

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

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From filing 10-K 2020 FY