COPT Elects Letitia A. Long to Board of Trustees
October 05 2020 - 6:00AM
Business Wire
Corporate Office Properties Trust (“COPT” or the “Company”)
(NYSE: OFC) announced that its Board of Trustees has elected
Letitia A. Long to serve on the Company’s Board, effective October
1, 2020.
"We are honored to welcome to COPT’s Board of Trustees such an
experienced and highly-regarded professional from the intelligence
community," stated Thomas F. Brady, Chairman of the Board. "Ms.
Long will be a valuable addition to the Board. We believe her
knowledge of and experience in the U.S. Department of Defense and
intelligence agencies will build on the Company’s perspectives in
our defense strategy, and her experience as a public company board
member will enrich our governance posture. We look forward to her
contributions,” he stated.
Between 2010-2015, Ms. Long served as Director at the Department
of Defense’s National Geospatial-Intelligence Agency (“NGA”) and,
from 2006-2010, she served as Deputy Director at the Defense
Intelligence Agency (“DIA”). From 1978-2006, she held increasingly
senior roles at the DIA and within U.S. Naval Intelligence. Also,
during the past five years, she served on the boards of several
public and private companies, including Raytheon Company (NYSE:
RTN), Parsons (NYSE: PSN), and Quadrint, Inc. Ms. Long received her
bachelor’s of science degree in electrical engineering from
Virginia Polytechnic Institute and State University in Blacksburg,
VA, and her master’s degree in mechanical engineering from The
Catholic University of America in Washington, DC.
About COPT
COPT is a REIT that owns, manages, leases, develops and
selectively acquires office and data center properties. The
majority of its portfolio is in locations that support the United
States Government and its contractors, most of whom are engaged in
national security, defense and information technology (“IT”)
related activities servicing what it believes are growing, durable,
priority missions (“Defense/IT Locations”). The Company also owns a
portfolio of office properties located in select urban/urban-like
submarkets in the Greater Washington, DC/Baltimore region with
durable Class-A office fundamentals and characteristics (“Regional
Office Properties”). As of June 30, 2020, the Company derived 88%
of its core portfolio annualized rental revenue from Defense/IT
Locations and 12% from its Regional Office Properties. As of the
same date and including 15 properties owned through unconsolidated
joint ventures, COPT’s core portfolio of 172 office and data center
shell properties encompassed 19.6 million square feet and was 94.7%
leased; the Company also owned one wholesale data center with a
critical load of 19.25 megawatts that was 90.6% leased.
Forward-Looking
Information
This press release may contain “forward-looking” statements, as
defined in Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, that are based on the
Company’s current expectations, estimates and projections about
future events and financial trends affecting the Company.
Forward-looking statements can be identified by the use of words
such as “may,” “will,” “should,” “could,” “believe,” “anticipate,”
“expect,” “estimate,” “plan” or other comparable terminology.
Forward-looking statements are inherently subject to risks and
uncertainties, many of which the Company cannot predict with
accuracy and some of which the Company might not even anticipate.
Although the Company believes that the expectations, estimates and
projections reflected in such forward-looking statements are based
on reasonable assumptions at the time made, the Company can give no
assurance that these expectations, estimates and projections will
be achieved. Future events and actual results may differ materially
from those discussed in the forward-looking statements and the
Company undertakes no obligation to update or supplement any
forward-looking statements.
The areas of risk that may affect these expectations, estimates
and projections include, but are not limited to, those risks
described in Item 1A of the Company’s Annual Report on Form 10-K
for the year ended December 31, 2019 and subsequent Quarterly
Reports on Form 10-Q.
Source: Corporate Office Properties Trust
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version on businesswire.com: https://www.businesswire.com/news/home/20201005005132/en/
IR Contacts: Stephanie Krewson-Kelly 443-285-5453
stephanie.kelly@copt.com
Michelle Layne 443-285-5452 michelle.layne@copt.com
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