Reported Earnings • Jul 28
Second quarter 2026 earnings released: FFO per share: US$0.7 (vs US$0.70 in 2Q 2025) Second quarter 2026 results: FFO per share: US$0.7 (up from US$0.70 in 2Q 2025). Revenue: US$197.8m (up 3.9% from 2Q 2025). Funds from operations (FFO): US$83.0m (up 5.6% from 2Q 2025). FFO margin: 42% (in line with 2Q 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
COPT Defense Properties to Report Q2, 2026 Results on Jul 27, 2026 COPT Defense Properties announced that they will report Q2, 2026 results After-Market on Jul 27, 2026 Upcoming Dividend • Jun 25
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%). Recent Insider Transactions • Jun 04
Independent Trustee recently sold €878k worth of stock On the 29th of May, C. Pickett sold around 32k shares on-market at roughly €27.62 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Trustee Essye Miller was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 16
COPT Defense Properties announces Quarterly dividend, payable on July 15, 2026 COPT Defense Properties announced Quarterly dividend of USD 0.3200 per share payable on July 15, 2026, ex-date on June 30, 2026 and record date on June 30, 2026. Announcement • Apr 01
COPT Defense Properties to Report Q1, 2026 Results on Apr 27, 2026 COPT Defense Properties announced that they will report Q1, 2026 results After-Market on Apr 27, 2026 Announcement • Mar 31
COPT Defense Properties, Annual General Meeting, May 14, 2026 COPT Defense Properties, Annual General Meeting, May 14, 2026. Announcement • Feb 20
COPT Defense Properties Declares Quarterly Cash Dividend First Quarter Ending March 31, 2026, Payable on April 15, 2026 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.32 per common share for the first quarter ending March 31, 2026, which is payable on April 15, 2026, to shareholders of record on March 31, 2026. The first quarter dividend represents an annualized amount of $1.28 per share and is a 4.9% increase, or $0.015 per share, over the most recent quarterly dividend of $0.305. Announcement • Feb 06
COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2026 and Year Ending December 31, 2026 COPT Defense Properties provided earnings guidance for the first quarter ending March 31, 2026 and year ending December 31, 2026. For the quarter ending March 31, 2026, the Company is establishing the following guidance: EPS in the range of $0.30-$0.32.
For the year, the company expects Diluted earnings per share (“EPS”) in the range of $1.21-$1.29. Announcement • Jan 07
COPT Defense Properties to Report Q4, 2025 Results on Feb 05, 2026 COPT Defense Properties announced that they will report Q4, 2025 results After-Market on Feb 05, 2026 Announcement • Nov 14
COPT Defense Properties Declares Fourth Quarter 2025 Common Dividend, Payable on January 15, 2026 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the fourth quarter ending December 31, 2025. The fourth quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on January 15, 2026, to shareholders of record on December 31, 2025. Announcement • Oct 02
COPT Defense Properties to Report Q3, 2025 Results on Oct 30, 2025 COPT Defense Properties announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Announcement • Aug 15
COPT Defense Properties Declares Dividend for the Third Quarter Ending September 30, 2025, Payable on October 16, 2025 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the third quarter ending September 30, 2025. The third quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on October 16, 2025, to shareholders of record on September 30, 2025. Announcement • Jul 02
COPT Defense Properties to Report Q2, 2025 Results on Jul 28, 2025 COPT Defense Properties announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 Announcement • Jun 30
COPT Defense Properties(NYSE:CDP) dropped from Russell 2000 Dynamic Index COPT Defense Properties(NYSE:CDP) dropped from Russell 2000 Dynamic Index Announcement • May 21
COPT Defense Declares Dividend for the Second Quarter Ending June 30, 2025, Payable on July 16, 2025 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the second quarter ending June 30, 2025. The second quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on July 16, 2025, to shareholders of record on June 30, 2025. Announcement • Apr 29
COPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2025 and Revises Earnings Guidance for the Year Ending December 31, 2025 COPT Defense Properties provided earnings guidance for the second quarter ending June 30, 2025 and revised earnings guidance for the year ending December 31, 2025. For the quarter, the company expected diluted EPS of $0.31 to $0.33.
For the year, the company is narrowing its full-year guidance for diluted EPS $1.27 to $1.35 to new ranges of $1.28 to $1.34. Announcement • Apr 04
COPT Defense Properties to Report Q1, 2025 Results on Apr 28, 2025 COPT Defense Properties announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 Announcement • Apr 03
COPT Defense Properties, Annual General Meeting, May 20, 2025 COPT Defense Properties, Annual General Meeting, May 20, 2025. Announcement • Feb 21
COPT Defense Properties Declares Dividend for the First Quarter Ending March 31, 2025, Payable on April 16, 2025 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the first quarter ending March 31, 2025. This represents an increase of 3.4%, or $0.01 per share, over the most recent quarterly dividend of $0.295. The first quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on April 16, 2025, to shareholders of record on March 31, 2025. Announcement • Feb 07
Copt Defense Properties Provides Earnings Guidance for the First Quarter and Full Year 2025 COPT Defense Properties provides earnings guidance for the first quarter and full year 2025. For the quarter, the company expects earnings per share in the range of $0.31-$0.33.
For the full year, the company expects Diluted earnings per share in the range of $1.27-$1.35. Announcement • Jan 09
COPT Defense Properties to Report Q4, 2024 Results on Feb 06, 2025 COPT Defense Properties announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2025 Announcement • Nov 15
COPT Defense Properties Declares Dividend for the Fourth Quarter Ending December 31, 2024, Payable on January 15, 2025 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the fourth quarter ending December 31, 2024. The fourth quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on January 15, 2025, to shareholders of record on December 31, 2024. Recent Insider Transactions • Nov 13
President recently sold €274k worth of stock On the 6th of November, Stephen Budorick sold around 9k shares on-market at roughly €30.41 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Stephen has been a net seller over the last 12 months, reducing personal holdings by €1.1m. New Risk • Nov 08
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €535k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (€535k sold). Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$0.32 (vs US$1.94 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.32 (up from US$1.94 loss in 3Q 2023). Revenue: US$189.2m (up 12% from 3Q 2023). Net income: US$36.1m (up US$253.3m from 3Q 2023). Profit margin: 19% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Oct 29
COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2024 COPT Defense Properties provided earnings guidance for the fourth quarter ending December 31, 2024. For the quarter, the company expects diluted EPS in the range of $0.31 to $0.33. Announcement • Oct 04
COPT Defense Properties to Report Q3, 2024 Results on Oct 28, 2024 COPT Defense Properties announced that they will report Q3, 2024 results After-Market on Oct 28, 2024 Upcoming Dividend • Sep 23
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 17 October 2024. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.0%). Declared Dividend • Aug 12
Second quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 30th September 2024 Payment date: 17th October 2024 Dividend yield will be 4.2%, which is lower than the industry average of 5.8%. Announcement • Aug 09
COPT Defense Properties Declares Common Stock Dividend for the Third Quarter Ending September 30, 2024, Payable on October 17, 2024 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the third quarter ending September 30, 2024. The third quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on October 17, 2024, to shareholders of record on September 30, 2024. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: US$0.31 (vs US$0.27 in 2Q 2023) Second quarter 2024 results: EPS: US$0.31 (up from US$0.27 in 2Q 2023). Revenue: US$187.3m (up 11% from 2Q 2023). Net income: US$35.2m (up 17% from 2Q 2023). Profit margin: 19% (up from 18% in 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Jul 04
COPT Defense Properties to Report Q2, 2024 Results on Jul 29, 2024 COPT Defense Properties announced that they will report Q2, 2024 results After-Market on Jul 29, 2024 Declared Dividend • May 13
First quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 28th June 2024 Payment date: 17th July 2024 Dividend yield will be 4.8%, which is lower than the industry average of 5.8%. Announcement • May 11
COPT Defense Properties Declares Common Stock Dividend for the Second Quarter Ending June 30, 2024, Payable on July 17, 2024 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the second quarter ending June 30, 2024. The second quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on July 17, 2024, to shareholders of record on June 28, 2024. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.29 (vs US$0.70 in 1Q 2023) First quarter 2024 results: EPS: US$0.29 (down from US$0.70 in 1Q 2023). Revenue: US$193.3m (up 15% from 1Q 2023). Net income: US$32.7m (down 58% from 1Q 2023). Profit margin: 17% (down from 47% in 1Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 04
COPT Defense Properties to Report Q1, 2024 Results on Apr 25, 2024 COPT Defense Properties announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Trustee Essye Miller was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
COPT Defense Properties, Annual General Meeting, May 09, 2024 COPT Defense Properties, Annual General Meeting, May 09, 2024, at 09:30 Eastern Daylight. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 17 April 2024. Trailing yield: 4.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.7%). Declared Dividend • Feb 26
Fourth quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 27th March 2024 Payment date: 17th April 2024 Dividend yield will be 4.9%, which is lower than the industry average of 5.8%. Reported Earnings • Feb 25
Full year 2023 earnings released: FFO per share: US$2.5 (vs US$2.39 in FY 2022) Full year 2023 results: FFO per share: US$2.5 (up from US$2.39 in FY 2022). Revenue: US$684.7m (down 7.6% from FY 2022). Funds from operations (FFO): US$275.3m (up 2.7% from FY 2022). FFO margin: 40% (up from 36% in FY 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Feb 23
COPT Defense Properties Declares Regular Dividend for the First Quarter Ending March 31, 2024, Payable on April 17, 2024 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the first quarter ending March 31, 2024. This represents an increase of 3.5%, or $0.01 per share, over the most recent quarterly dividend of $0.285. The first quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on April 17, 2024, to shareholders of record on March 29, 2024. Reported Earnings • Feb 09
Full year 2023 earnings released: US$0.66 loss per share (vs US$1.28 profit in FY 2022) Full year 2023 results: US$0.66 loss per share (down from US$1.28 profit in FY 2022). Revenue: US$685.0m (down 7.5% from FY 2022). Net loss: US$73.5m (down 151% from profit in FY 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Feb 09
COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2024 and Full Year Ending December 31, 2024 COPT Defense Properties provided earnings guidance for the first quarter ending March 31, 2024 and full year ending December 31, 2024. For the quarter, the company expects EPS in the range of $0.26 - $0.28.For the year 2024, the company expects EPS in the range of $1.15 - $1.23. Announcement • Jan 10
COPT Defense Properties to Report Q4, 2023 Results on Feb 08, 2024 COPT Defense Properties announced that they will report Q4, 2023 results After-Market on Feb 08, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of US$0.28 per share at 4.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 18 January 2024. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.5%). Announcement • Nov 15
COPT Defense Appoints Britt A. Snider as Executive Vice President and Chief Operating Officer, Effective December 1, 2023 COPT Defense Properties announced the appointment of Britt A. Snider as Executive Vice President and Chief Operating Officer, effective December 1, 2023. Mr. Snider is an established commercial real estate executive with nearly 20 years of experience in development, asset management, property management and leasing, corporate operations, and corporate strategy. Prior to joining COPT Defense, he served as Principal of Redbrick LMD, a diversified real estate investment and development company based in Washington, D.C., where he was a member of the senior leadership team overseeing the company’s development, asset management and leasing activities. Prior to Redbrick, Mr. Snider served as Senior Vice President at was Development, a real estate investment and development company based in Chestnut Hill, Massachusetts, where he led the company’s mixed-use development initiatives outside of the Boston Seaport. Between 2006 and 2019, Mr. Snider served as Executive Vice President, Head of Commercial Asset Management and Principal, Development at JBG Smith, a mixed-use investment and development real estate investment trust, where he oversaw the company’s office portfolio and development activities. Previous to JBG, Mr. Snider worked in the Real Estate Investment Banking Group at Friedman Billings Ramsey. In his new capacity, Mr. Snider will manage the overall operations of the Company including asset management and leasing, property management, government services, and commercial development. His responsibilities will also include developing and executing strategies to expand the Company’s investment opportunities, predominantly regarding new development at existing Defense/IT Properties. Mr. Snider received his B.A., Cum Laude, from Amherst College and his M.B.A. from the University of North Carolina’s Kenan-Flagler Business School. Announcement • Nov 10
Copt Defense Declares Fourth Quarter 2023 Common Dividend Ending December 31, 2023, Payable on January 18, 2024 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the fourth quarter ending December 31, 2023. The fourth quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on January 18, 2024, to shareholders of record on December 29, 2023. Announcement • Oct 29
COPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2023 COPT Defense Properties revised earnings guidance for the year ending December 31, 2023. For the year, the company expects revised Diluted LPS to be in the range of $0.71 to $0.69 compared to previously expected Diluted EPS to be in the range of $1.49 to $1.53. Announcement • Oct 28
COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023 COPT Defense Properties provided earnings guidance for the fourth quarter Ending December 31, 2023. Diluted EPS of from $0.27 to $0.29. Reported Earnings • Oct 27
Third quarter 2023 earnings released: US$1.93 loss per share (vs US$0.28 profit in 3Q 2022) Third quarter 2023 results: US$1.93 loss per share (down from US$0.28 profit in 3Q 2022). Revenue: US$168.6m (down 7.8% from 3Q 2022). Net loss: US$216.2m (down US$247.0m from profit in 3Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Announcement • Oct 13
COPT Defense Properties to Report Q3, 2023 Results on Oct 26, 2023 COPT Defense Properties announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of US$0.28 per share at 4.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 16 October 2023. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%). Announcement • Aug 11
Corporate Office Properties Trust Declares Regular Dividend for the Third Quarter Ending September 30, 2023, Payable on October 16, 2023 Corporate Office Properties Trust announced that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the third quarter ending September 30, 2023. The third quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on October 16, 2023, to shareholders of record on September 29, 2023. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.27 (vs US$0.29 in 2Q 2022) Second quarter 2023 results: EPS: US$0.27 (down from US$0.29 in 2Q 2022). Revenue: US$169.2m (down 9.1% from 2Q 2022). Net income: US$30.2m (down 6.2% from 2Q 2022). Profit margin: 18% (in line with 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 07
Corporate Office Properties Trust to Report Q2, 2023 Results on Jul 27, 2023 Corporate Office Properties Trust announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Announcement • Jun 25
Corporate Office Properties Trust(NYSE:OFC) dropped from Russell Small Cap Comp Growth Index Corporate Office Properties Trust(NYSE:OFC) dropped from Russell Small Cap Comp Growth Index Upcoming Dividend • Jun 22
Upcoming dividend of US$0.28 per share at 4.8% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 17 July 2023. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%). Recent Insider Transactions • May 19
Independent Trustee recently sold €84k worth of stock On the 17th of May, Robert Denton sold around 4k shares on-market at roughly €21.20 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • May 12
Corporate Office Properties Trust Declares Common Dividend for Second Quarter Ending June 30, 2023, Payable on July 17, 2023 Corporate Office Properties Trust announced that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the second quarter ending June 30, 2023. The second quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on July 17, 2023, to shareholders of record on June 30, 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: FFO per share: US$0.6 (vs US$0.59 in 1Q 2022) First quarter 2023 results: FFO per share: US$0.6 (up from US$0.59 in 1Q 2022). Revenue: US$167.4m (down 15% from 1Q 2022). Funds from operations (FFO): US$67.6m (up 3.1% from 1Q 2022). FFO margin: 40% (up from 33% in 1Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$1.28 (vs US$0.65 in FY 2021) Full year 2022 results: EPS: US$1.28 (up from US$0.65 in FY 2021). Revenue: US$739.0m (up 11% from FY 2021). Net income: US$143.5m (up 97% from FY 2021). Profit margin: 19% (up from 11% in FY 2021). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Feb 10
Corporate Office Properties Trust Provides Earnings Guidance for the First Quarter Ending March 31, 2023 and Full Year Ending December 31, 2023 Corporate Office Properties Trust provided earnings guidance for the first quarter ending March 31, 2023 and full year ending December 31, 2023. For the quarter, the company expects EPS in the range of $0.66 - $0.68.For the year 2023, the company expects diluted earnings per share in the range of $1.45 - $1.53. Buying Opportunity • Jan 19
Now 21% undervalued Over the last 90 days, the stock is up 1.6%. The fair value is estimated to be €32.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 22%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is forecast to decline by 0.3% per annum over the same time period. Announcement • Jan 11
Corporate Office Properties Trust to Report Q4, 2022 Results on Feb 09, 2023 Corporate Office Properties Trust announced that they will report Q4, 2022 results After-Market on Feb 09, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 17 January 2023. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Announcement • Nov 11
Corporate Office Properties Trust Declares Quarterly Dividend for the Fourth Quarter Ending December 31, 2022, Payable on January 17, 2023 Corporate Office Properties Trust announced that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the fourth quarter ending December 31, 2022. The fourth quarter 2022 dividend represents an annualized amount of $1.10 per share and is payable on January 17, 2023, to shareholders of record on December 30, 2022. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.24 in 3Q 2021) Third quarter 2022 results: EPS: US$0.28 (up from US$0.24 in 3Q 2021). Revenue: US$182.5m (up 4.3% from 3Q 2021). Net income: US$30.9m (up 14% from 3Q 2021). Profit margin: 17% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Oct 06
Corporate Office Properties Trust to Report Q3, 2022 Results on Oct 27, 2022 Corporate Office Properties Trust announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 27, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 17 October 2022. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.4%). Announcement • Sep 20
Corporate Office Properties Trust Elects Essye B. Miller to Board of Trustees Corporate Office Properties Trust announced that its Board of Trustees elected Essye B. Miller to serve on the Company’s Board, effective October 1, 2022. From 2018-2020, Ms. Miller served as the Principal Deputy Chief Information Officer (“CIO”) for the Department of Defense (“DOD”), overseeing all matters of their $8 billion Cybersecurity Program. Prior to that, while serving as the Deputy CIO for Cybersecurity (“CISO”) from 2016-2018, she was appointed Acting DOD CIO in 2017. During her time as CISO, she established the DOD’s Cloud Computing Office and strategies, leading the digital modernization that accelerated the implementation of the U.S. national defense strategy. Prior to the DOD, Ms. Miller was CISO and Director of Cybersecurity with the U.S. Department of the Army from 2015-2017, where she led every aspect of cybersecurity and IT strategy. From 2006-2014, she was Director of Information Management for the U.S. Department of the Air Force, directing their IT enterprise strategy and served as Chair of the prestigious Pentagon Architecture Configuration Control Board. Since her retirement in 2020, Ms. Miller has been the President and CEO of Executive Business Management LLC that advises and provides strategic services to businesses, government agencies such as the DOD and non-government organizations. Ms. Miller received her Honorary Doctor of Science from Talladega College, a Master of Business Administration from Troy State University and a Master of Strategic Studies from the U.S. Air Force, Air University. She is a Board Advisor to Dell, T-Mobile, Leidos, Hawkeye 360, Trellix, Millennium Corporation, Adobe, Insight Partners and Information Security and Privacy Advisory Board. She also advises as a non-profit board member for Concordance Academy and the National Cyber Scholarship Foundation. Announcement • Aug 12
Corporate Office Properties Trust Declares Regular Quarterly Dividend for the Third Quarter Ending September 30, 2022, Payable on October 17, 2022 Corporate Office Properties Trust announced that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the third quarter ending September 30, 2022. The third quarter 2022 dividend represents an annualized amount of $1.10 per share and is payable on October 17, 2022, to shareholders of record on September 30, 2022. Reported Earnings • Jul 30
Second quarter 2022 earnings released: FFO: US$186.1m per share (vs US$0.36 in 2Q 2021) Second quarter 2022 results: FFO: US$186.1m per share (up from US$0.36 in 2Q 2021). Revenue: US$186.1m (up 13% from 2Q 2021). Funds from operations (FFO): US$67.4m (up 68% from 2Q 2021). FFO margin: 36% (up from 24% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to decline by 1.2% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jul 29
Corporate Office Properties Trust Provides Earnings Guidance for the Third Quarter Ending September 30, 2022; Provides Earnings Guidance for the Year Ending December 31, 2022 Corporate Office Properties Trust provided earnings guidance for the third quarter ending September 30, 2022. For the quarter, the company expects diluted EPS of $0.27 to $0.29.For the year ending December 31, 2022, the company expects diluted EPS of $1.33 to $1.37. Announcement • Jul 06
Corporate Office Properties Trust to Report Q2, 2022 Results on Jul 28, 2022 Corporate Office Properties Trust announced that they will report Q2, 2022 results After-Market on Jul 28, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (4.7%). Recent Insider Transactions • May 20
Independent Trustee recently sold €87k worth of stock On the 18th of May, Robert Denton sold around 3k shares on-market at roughly €25.48 per share. In the last 3 months, there was an even bigger sale from another insider worth €113k. Insiders have been net sellers, collectively disposing of €202k more than they bought in the last 12 months. Announcement • May 13
Corporate Office Properties Trust Declares Regular Quarterly Dividend for the Second Quarter Ending June 30, 2022, Payable on July 15, 2022 Corporate Office Properties Trust announced that its Board of Trustees declared a regular quarterly dividend of $0.275 per common share for the second quarter ending June 30, 2022. The second quarter 2022 dividend represents an annualized amount of $1.10 per share and is payable on July 15, 2022, to shareholders of record on June 30, 2022. Announcement • May 12
Corporate Office Properties Trust Announces Retirement of Gregory J. Thor as Senior Vice President, Controller and Chief Accounting Officer On May 4, 2022, Corporate Office Properties Trust and Gregory J. Thor, the Company’s Senior Vice President, Controller and Chief Accounting Officer, agreed that Mr. Thor will retire from the Company effective February 28, 2023. The Company intends to commence a search in the near future for a candidate to replace Mr. Thor. Reported Earnings • May 01
First quarter 2022 earnings released: FFO: US$196.4m per share (vs US$0.28 in 1Q 2021) First quarter 2022 results: FFO: US$196.4m per share (up from US$0.28 in 1Q 2021). Revenue: US$196.4m (up 21% from 1Q 2021). Funds from operations (FFO): US$65.6m (up 112% from 1Q 2021). FFO margin: 33% (up from 19% in 1Q 2021). Over the next year, revenue is forecast to decline by 2.1% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 12
Corporate Office Properties Trust to Report Q1, 2022 Results on Apr 28, 2022 Corporate Office Properties Trust announced that they will report Q1, 2022 results After-Market on Apr 28, 2022