Corporate Office Properties Trust

Corporate Office Properties Trust is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2019, the company owned 148 office buildings comprising 15.4 million square feet and 22 single-tenant data centers comprising 3.7 million square feet.[1]

Corporate Office Properties Trust
TypePublic company
NYSE: OFC
S&P 400 component
IndustryReal estate investment trust
Founded1988 (1988)
FounderClay W. Hamlin III
HeadquartersColumbia, Maryland
Key people
Stephen E. Budorick, CEO & President
Thomas F. Brady, Chairman
Anthony Mifsud, CFO
ProductsOffice buildings
Revenue $0.641 billion (2019)
$0.191 billion (2019)
Total assets $3.854 billion (2019)
Total equity $1.719 billion (2019)
Number of employees
394 (2019)
Websitewww.copt.com
Footnotes / references
[1]

Tenants

The company's largest tenants are as follows:[1]

Rank Tenant % of total 2019 revenue
1 General Services Administration 34.6%
2 Vadata (Amazon.com) 7.9%
3 General Dynamics 4.9%
4 Boeing 3.2%
5 CACI 2.5%
6 Northrop Grumman 2.2%
7 CareFirst BlueCross BlueShield 2.1%
8 Booz Allen Hamilton 2.1%
9 Wells Fargo 1.3%
10 AT&T Corporation 1.3%

History

The company was founded in 1988 by Clay W. Hamlin III as Royale Investments, Inc.[2] It became a public company via an initial public offering in 1991.[3]

References

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