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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

12 Feb 21
11 Apr 21
31 Dec 21
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

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 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%

Financial report summary

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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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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
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