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
Industry (SIC)
Former names
CORPORATE OFFICE PROPERTIES TRUST INC, ROYALE INVESTMENTS INC
SEC CIK
Corporate docs
IRS number
232947217
OFC stock data
()
Calendar
12 Feb 21
11 Apr 21
31 Dec 21
Financial summary
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Sep 20 | Jun 20 | Mar 20 | Sep 19 | |
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Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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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 |
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 246 |
Opened positions | 32 |
Closed positions | 38 |
Increased positions | 79 |
Reduced positions | 109 |
13F shares |
Current |
---|---|
Total value | 2.99B |
Total shares | 110.27M |
Total puts | 46.2K |
Total calls | 133.3K |
Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 15.57M | $406.19M |
BLK Blackrock | 12.52M | $326.42M |
Barrow Hanley Mewhinney & Strauss | 6.58M | $171.72M |
FMR | 6.52M | $169.99M |
Earnest Partners | 4.91M | $128.01M |
STT State Street | 4.85M | $127.87M |
Frontier Capital Management | 2.49M | $65.04M |
Massachusetts Financial Services | 2.49M | $64.92M |
Victory Capital Management | 2.27M | $59.33M |
Dimensional Fund Advisors | 2.23M | $58.15M |
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
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H.S. freshman Avg
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Removed:
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Financial reports
10-K
2020 FY
Annual report
12 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
19 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
5 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Entry into a Material Definitive Agreement
11 Mar 21
8-K
COPT Announces Pricing of Tender Offer for 2024 Senior Notes
10 Mar 21
8-K
COPT Announces Pricing of Tender Offer for 2023 Senior Notes
9 Mar 21
8-K
COPT Elects Raymond L. Owens to Board of Trustees
8 Mar 21
8-K
COPT Launches Tender Offer for Senior Notes due 2024
3 Mar 21
8-K
COPT Launches Tender Offer for Senior Notes due 2023
3 Mar 21
8-K
Results of Operations and Financial Condition
4 Feb 21
8-K
COPT Appoints Todd Hartman as Chief Operating Officer
23 Nov 20
8-K
Results of Operations and Financial Condition
29 Oct 20
8-K
COPT Elects Letitia A. Long to Board of Trustees
5 Oct 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
5 Mar 21
FWP
Free writing prospectus
3 Mar 21
424B5
Prospectus supplement for primary offering
3 Mar 21
424B5
Prospectus supplement for primary offering
14 Sep 20
FWP
Free writing prospectus
10 Sep 20
424B5
Prospectus supplement for primary offering
10 Sep 20
424B5
Prospectus supplement for primary offering
10 May 19
S-3ASR
Automatic shelf registration
8 Apr 19
424B5
Prospectus supplement for primary offering
13 Nov 18
S-8 POS
Registration of securities for employees (post-effective amendment)
10 Apr 18
Proxies
DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEF 14A
Definitive proxy
1 Apr 21
DEFA14A
Additional proxy soliciting materials
21 Apr 20
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEF 14A
Definitive proxy
1 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 18
DEFA14A
Additional proxy soliciting materials
27 Mar 18
PRE 14A
Preliminary proxy
12 Mar 18
Other
UPLOAD
Letter from SEC
31 Aug 17
CORRESP
Correspondence with SEC
23 Aug 17
UPLOAD
Letter from SEC
20 Aug 17
CORRESP
Correspondence with SEC
15 Aug 17
UPLOAD
Letter from SEC
6 Aug 17
UPLOAD
Letter from SEC
9 Sep 15
CORRESP
Correspondence with SEC
30 Jul 15
UPLOAD
Letter from SEC
20 Jul 15
EFFECT
Notice of effectiveness
15 Jul 13
CORRESP
Correspondence with SEC
11 Jul 13
Ownership
4
CORPORATE OFFICE PROPERTIES TRUST / STEVEN D KESLER ownership change
24 Mar 21
4
CORPORATE OFFICE PROPERTIES TRUST / Greg J Thor ownership change
17 Mar 21
4
CORPORATE OFFICE PROPERTIES TRUST / ROBERT L DENTON ownership change
15 Mar 21
4
CORPORATE OFFICE PROPERTIES TRUST / ROBERT L DENTON ownership change
12 Mar 21
4
CORPORATE OFFICE PROPERTIES TRUST / ROBERT L DENTON ownership change
11 Mar 21
4
CORPORATE OFFICE PROPERTIES TRUST / Raymond Lee Owens ownership change
8 Mar 21
3
CORPORATE OFFICE PROPERTIES TRUST / Raymond Lee Owens ownership change
8 Mar 21
4
CORPORATE OFFICE PROPERTIES TRUST / STEPHEN E BUDORICK ownership change
3 Mar 21
4
CORPORATE OFFICE PROPERTIES TRUST / Anthony Mifsud ownership change
3 Mar 21
4
CORPORATE OFFICE PROPERTIES TRUST / Greg J Thor ownership change
3 Mar 21
Transcripts
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
1 May 20
2019 Q4
Earnings call transcript
7 Feb 20
2019 Q3
Earnings call transcript
29 Oct 19
2019 Q2
Earnings call transcript
30 Jul 19
2019 Q1
Earnings call transcript
1 May 19
2018 Q4
Earnings call transcript
8 Feb 19
2018 Q3
Earnings call transcript
26 Oct 18
2018 Q2
Earnings call transcript
27 Jul 18
2018 Q1
Earnings call transcript
30 Apr 18