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OFC Corporate Office Properties Trust

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
Website
CEO
Stephen Budorick
Employees
Incorporated
Location
Fiscal year end
Former names
CORPORATE OFFICE PROPERTIES TRUST INC, ROYALE INVESTMENTS INC
SEC CIK
IRS number
232947217

OFC stock data

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Calendar

3 May 21
13 Jun 21
31 Dec 21
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

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 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

Financial report summary

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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
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Positive
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Constraining
Legalese
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Readability
H.S. sophomore Avg
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