COPT Publishes 2020 ESG Report
February 22 2021 - 8:00AM
Business Wire
Summarizes Results from 6th Consecutive GRESB
Assessment
Corporate Office Properties Trust (“COPT” or the Company) (NYSE:
OFC) has posted its 2020 Corporate Sustainability Report (the “2020
ESG Report”) in the ‘Latest Updates’ and ‘Sustainability’ sections
of COPT’s Investors website: https://investors.copt.com/. COPT’s
2020 ESG Report outlines the Company’s dedication to providing
transparency in environmental, social and governance practices that
constitute its corporate sustainability platform.
Included in the 2020 ESG Report are selected highlights from the
2020 Global Real Estate Sustainability Benchmark (“GRESB”)
assessment where COPT earned its 6th consecutive Green Star rating.
The GRESB annual assessment is the global real estate industry’s
most rigorous assessment of sustainability performance and COPT
scored highly in the assessment’s three components: Management,
Performance, and Development.
About GRESB GRESB’s mission
is to assess and benchmark the ESG and other related performance of
real assets, providing standardized and validated data to the
capital markets. The GRESB Real Estate Assessment is an
investor-driven global ESG benchmark and reporting framework for
listed property companies, private property funds, developers and
investors that invest directly in real estate. It is shaped by what
investors and the industry consider to be material issues in the
sustainability performance of real estate investments. Its
methodology is consistent across different regions, investment
vehicles and property types and aligns with international reporting
frameworks, such as GRI. Please refer to https://gresb.com/ for
additional information.
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 December 31, 2020, the Company derived 87% of its core portfolio
annualized rental revenue from Defense/IT Locations and 13% from
its Regional Office Properties. As of the same date and including
17 properties owned through unconsolidated joint ventures, COPT’s
core portfolio of 179 office and data center shell properties
encompassed 20.8 million square feet and was 95.0% leased; the
Company also owned one wholesale data center with a critical load
of 19.25 megawatts that was 86.7% 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, 2020.
Source: Corporate Office Properties Trust
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version on businesswire.com: https://www.businesswire.com/news/home/20210222005130/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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