COPT to Present at Citi’s Virtual 2021 Global Property CEO Conference
March 05 2021 - 8:00AM
Business Wire
Corporate Office Properties Trust (“COPT” or the “Company”)
(NYSE: OFC) announced that its President & CEO, Stephen E.
Budorick, will provide an overview of the Company and participate
in a question and answer session at Citi’s Virtual 2021 Global
Property CEO Conference. The presentation will be held on March 9,
2021 at 5:00 p.m. Eastern Time.
A live audio webcast of the presentation and materials
encompassing the information provided during the presentation and
conference will be available in the ‘Latest Updates’ section of
COPT’s Investors website: https://investors.copt.com/ The replay of
the presentation will be available until 11:59 p.m. Eastern Time on
March 23, 2021.
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/20210305005028/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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