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Last $23.74 USD
Change Today -0.04 / -0.17%
Volume 706.9K
OFC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

corporate office properties (OFC) Snapshot

Open
$23.91
Previous Close
$23.78
Day High
$24.24
Day Low
$23.63
52 Week High
03/23/15 - $30.94
52 Week Low
07/1/15 - $23.30
Market Cap
2.2B
Average Volume 10 Days
1.1M
EPS TTM
$0.47
Shares Outstanding
94.5M
EX-Date
06/26/15
P/E TM
50.2x
Dividend
$1.10
Dividend Yield
4.63%
Current Stock Chart for CORPORATE OFFICE PROPERTIES (OFC)

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corporate office properties (OFC) Details

Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, management, and leasing of suburban office properties. As of December 31, 2005, the company’s portfolio consisted of 165 office properties; 14 wholly owned office properties under construction or development; and land parcels totaling 311 acres. As of the above date, the company, through joint ventures, owned 18 operating properties, 2 office properties, and land parcels totaling 138 acres. As an REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. Corporate Office Properties Trust was founded in 1988 and is based in Columbia, Maryland.

378 Employees
Last Reported Date: 02/18/15
Founded in 1988

corporate office properties (OFC) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: $548.8K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $413.4K
Executive Vice President of Development & Con...
Total Annual Compensation: $406.4K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $325.5K
Compensation as of Fiscal Year 2014.

corporate office properties (OFC) Key Developments

Corporate Office Properties To Reportedly Acquire 100 Light St

Corporate Office Properties Trust (NYSE:OFC) is under contract to buy 100 Light St., according to people familiar with the deal.

COPT and COPLP Amend its Line of Credit and Term Loan

Corporate Office Properties Trust and its operating partnership, Corporate Office Properties, L.P., announced that, effective May 6, 2015, the company amended the terms of its $800 million line of credit to: extend the maturity date from July 14, 2017, to May 6, 2019 plus two six-month extension options; and lower the interest rate spread over 30-day LIBOR (“LIBOR”) and the facility fee to current market. The interest rate and facility fee are subject to adjustment based upon COPLP’s unsecured debt ratings. Also effective May 6, 2015, the Company amended the terms of its $250 million term loan and repaid $50 million on its $150 million term loan (the “Term Loans”). The $250 million dollar Term Loan, that was previously scheduled to mature on February 14, 2017, was increased by $50 million, to $300 million, the maturity date was extended to May 6, 2020 and the spread to LIBOR was lowered to current market. The interest rates on the Term Loans are subject to adjustment based upon COPLP’s unsecured debt ratings.

Corporate Office Properties Trust Declares Dividend on Common Share for the Second Quarter 2015, Payable on July 15, 2015 and Preferred Share Quarterly Dividend Series K Cumulative Redeemable Preferred Share and Series L Cumulative Preferred Share for the Period Commencing April 15, 2015, and Ending July 14, 2015, Payable on July 15, 2015

Corporate Office Properties Trust declared dividend of $0.275 per common share of beneficial interest for the second quarter 2015, payable on July 15, 2015, to shareholders of record on June 30, 2015. For the Series K and L Preferred Shares, the Board of Trustees declared dividends for the period commencing April 15, 2015, and ending July 14, 2015, payable on July 15, 2015, to shareholders of record on June 30, 2015. The company declared dividend of $0.70 on Preferred Share Quarterly Dividend Series K Cumulative Redeemable Preferred Share and $0.4609 on Series L Cumulative Preferred Share.

 

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Industry Analysis

OFC

Industry Average

Valuation OFC Industry Range
Price/Earnings 67.0x
Price/Sales 3.7x
Price/Book 1.8x
Price/Cash Flow 13.0x
TEV/Sales NM Not Meaningful
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