Trade Office Properties Income Trust - OPI CFD

Office Properties Company profile

About Corporate Office Properties Trust

Corporate Office Properties Trust is an integrated and self-managed real estate investment trust (REIT). It owns, manages, leases, develops, and selectively acquires office and data center properties. Its segments include Defense/IT Locations, Regional Office, Wholesale Data Center and other. The Company's portfolio is in locations that support the United States Government and its contractors, which are engaged in national security, defense and information technology (IT) related activities servicing. It owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region. Its portfolio includes approximately 184 office and data center shell properties encompassed 21.6 million square feet. It also has approximately 19 properties owned through unconsolidated joint ventures. It conducts all its operations and own all its assets through an operating partnership, Corporate Office Properties, L.P. (COPLP) and subsidiaries.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Corporate Office Properties Trust revenues increased 14% to $664.4M. Net income applicable to common stockholders excluding extraordinary items decreased 23% to $72.6M. Revenues reflect unallocated segment increase of 77% to $77.4M, Fixed Charge Coverage Ratio, Total increase of 15% to 4.7. Net income was offset by Net Operating Income (NOI) - Wholesale decrease of 4% to $13.1M.

Equity composition

Common $.01 Par, 04/11, 125M auth., 67,104,034 issd., Insiders own 1.36%. IPO 12/91, 690K shares @ $10 by John G. Kinnard. PO 3/01, 9.7M shares (823K by Company) @ $12.04 by CSFB. Preferred Stock $.01 Par, 15M auth., 8,121,667 issd. 9/04, PO 2M shares @ $25.25 by CSFB.