COPT Defense Properties Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Steve Budorick

Chief executive officer

US$6.2m

Total compensation

CEO salary percentage	12.6%
CEO tenure	8yrs
CEO ownership	0.2%
Management average tenure	9.3yrs
Board average tenure	9.2yrs

Recent management updates

Recent updates

COPT Defense Properties: Slow And Steady Growth

Apr 10

COPT Defense Properties: A Solid Buy For Its Government Rent Checks

Jan 30

Corporate Office Properties: Further Room To Rise Following Strong Monthly Gains

Aug 01

Corporate Office Properties: An Evolving Property Portfolio And Promising Future Outlook

May 31

Corporate Office Properties Trust FFO of $0.58 in-line, revenue of $182.5M beats by $9.79M

Oct 27

Buy Corporate Office Properties Trust To Benefit From War And Inflation

Oct 17

Corporate Office Properties Has Gotten Really Inexpensive

Sep 29

Corporate Office Properties Trust Q2 FFO, revenue beats, raises guidance

Jul 28

Corporate Office Properties: Play Defense With This Mission-Critical REIT

Jul 14

Corporate Office Properties: Sleep Well At Night With Government-Related Checks

Jul 23

Corporate Office Properties Trust (OFC) Presents At NAREITweek 2021 Investor Virtual Conference - Slideshow

Jun 18

Defend Your Portfolio With 4%-Yielding Corporate Office Properties

May 08

Here's Why Corporate Office Properties Trust's (NYSE:OFC) CEO Compensation Is The Least Of Shareholders' Concerns

May 07

Corporate Office Properties Trust 2021 Q1 - Results - Earnings Call Presentation

Apr 30

CEO Compensation Analysis

How has Steve Budorick's remuneration changed compared to COPT Defense Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$121m
Dec 31 2023	US$6m	US$775k	-US$75m
Sep 30 2023	n/a	n/a	-US$58m
Jun 30 2023	n/a	n/a	US$190m
Mar 31 2023	n/a	n/a	US$192m
Dec 31 2022	US$6m	US$774k	US$143m
Sep 30 2022	n/a	n/a	US$105m
Jun 30 2022	n/a	n/a	US$101m
Mar 31 2022	n/a	n/a	US$110m
Dec 31 2021	US$6m	US$750k	US$73m
Sep 30 2021	n/a	n/a	US$140m
Jun 30 2021	n/a	n/a	US$81m
Mar 31 2021	n/a	n/a	US$63m
Dec 31 2020	US$5m	US$752k	US$95m
Sep 30 2020	n/a	n/a	US$58m
Jun 30 2020	n/a	n/a	US$111m
Mar 31 2020	n/a	n/a	US$194m
Dec 31 2019	US$4m	US$698k	US$186m
Sep 30 2019	n/a	n/a	US$165m
Jun 30 2019	n/a	n/a	US$163m
Mar 31 2019	n/a	n/a	US$76m
Dec 31 2018	US$4m	US$641k	US$72m
Sep 30 2018	n/a	n/a	US$64m
Jun 30 2018	n/a	n/a	US$66m
Mar 31 2018	n/a	n/a	US$55m
Dec 31 2017	US$3m	US$560k	US$55m

Compensation vs Market: Steve's total compensation ($USD6.17M) is about average for companies of similar size in the US market ($USD6.66M).

Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.

CEO

Steve Budorick (63 yo)

8yrs

Tenure

US$6,168,342

Compensation

Mr. Stephen E. Budorick, also known as Steve, has been the Chief Executive Officer, President and Director of COPT Defense Properties (formerly known as Corporate Office Properties Trust) since May 12, 201...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stephen Budorick	President	8yrs	US$6.17m	0.17% $ 4.7m
Anthony Mifsud	Executive VP & CFO	9.3yrs	US$2.43m	0.053% $ 1.5m
Britt Snider	Executive VP & COO	less than a year	US$641.05k	0.00089% $ 25.0k
Matthew Myers	Senior VP	1.3yrs	no data	0.0076% $ 213.2k
Venkat Kommineni	Vice President of Investor Relations	no data	no data	no data
David Finch	VP, General Counsel & Secretary	13.3yrs	no data	no data
Sarah Rowland	Director of Human Resources	no data	no data	no data
Dean Lopez	Senior Vice President of Development & Construction	no data	no data	no data
Frank Ziegler	Senior Vice President of New Business & Development Government Services	18.3yrs	no data	no data
William Barroll	Managing SVP of Asset Management & Chief Business Officer	no data	no data	no data
George Ruo	Managing SVP of Operations & Government Services	no data	no data	no data
Scott Robuck	Senior Vice President of Finance & Treasurer	9.3yrs	no data	no data

9.3yrs

Average Tenure

59yo

Average Age

Experienced Management: CDP's management team is seasoned and experienced (9.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stephen Budorick	President	8yrs	US$6.17m	0.17% $ 4.7m
C. Pickett	Independent Trustee	10.5yrs	US$214.42k	0.064% $ 1.8m
Philip Hawkins	Independent Trustee	10.3yrs	US$212.42k	0.018% $ 517.7k
Thomas Brady	Independent Director	22.3yrs	US$281.42k	0.036% $ 1.0m
Steven Kesler	Independent Trustee	25.7yrs	US$201.42k	0.037% $ 1.0m
Robert Denton	Independent Chairman of the Board	25yrs	US$228.42k	0.0040% $ 113.0k
Raymond Owens	Independent Trustee	3.2yrs	US$199.42k	0.00081% $ 22.7k
Letitia Long	Independent Trustee	3.6yrs	US$203.42k	0.0024% $ 67.6k
Lisa Trimberger	Independent Trustee	6.6yrs	US$220.92k	0.015% $ 421.3k
Essye Miller	Independent Trustee	1.6yrs	US$193.42k	0.0025% $ 70.7k

9.2yrs

Average Tenure

64.5yo

Average Age

Experienced Board: CDP's board of directors are considered experienced (9.2 years average tenure).

COPT Defense Properties Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

COPT Defense Properties, Annual General Meeting, May 09, 2024

COPT Defense Appoints Britt A. Snider as Executive Vice President and Chief Operating Officer, Effective December 1, 2023

COPT Defense Appoints Britt A. Snider as Executive Vice President and Chief Operating Officer, Effective December 1, 2023

Independent Trustee recently sold US$90k worth of stock

Corporate Office Properties Trust Elects Essye B. Miller to Board of Trustees

Recent updates

COPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2024

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

COPT Defense Properties: Slow And Steady Growth

COPT Defense Properties to Report Q1, 2024 Results on Apr 25, 2024

Insufficient new directors

COPT Defense Properties, Annual General Meeting, May 09, 2024

Upcoming dividend of US$0.29 per share

Fourth quarter dividend increased to US$0.29

COPT Defense Properties Declares Regular Dividend for the First Quarter Ending March 31, 2024, Payable on April 17, 2024

Full year 2023 earnings: EPS misses analyst expectations

COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2024 and Full Year Ending December 31, 2024

COPT Defense Properties: A Solid Buy For Its Government Rent Checks

COPT Defense Properties to Report Q4, 2023 Results on Feb 08, 2024

Upcoming dividend of US$0.28 per share at 4.5% yield

COPT Defense Appoints Britt A. Snider as Executive Vice President and Chief Operating Officer, Effective December 1, 2023

COPT Defense Appoints Britt A. Snider as Executive Vice President and Chief Operating Officer, Effective December 1, 2023

Copt Defense Declares Fourth Quarter 2023 Common Dividend Ending December 31, 2023, Payable on January 18, 2024

COPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2023

COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023

Third quarter 2023 earnings: EPS misses analyst expectations

COPT Defense Properties to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.28 per share at 4.5% yield

Corporate Office Properties Trust Declares Regular Dividend for the Third Quarter Ending September 30, 2023, Payable on October 16, 2023

Corporate Office Properties: Further Room To Rise Following Strong Monthly Gains

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Corporate Office Properties Trust Revises Earnings Guidance for the Year Ending December 31, 2023

Corporate Office Properties Trust to Report Q2, 2023 Results on Jul 27, 2023

Corporate Office Properties Trust(NYSE:OFC) dropped from Russell Small Cap Comp Growth Index

Upcoming dividend of US$0.28 per share at 4.8% yield

Corporate Office Properties: An Evolving Property Portfolio And Promising Future Outlook

Independent Trustee recently sold US$90k worth of stock

Corporate Office Properties Trust Declares Common Dividend for Second Quarter Ending June 30, 2023, Payable on July 17, 2023

Consensus revenue estimates decrease by 11%

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2022 earnings: Revenues miss analyst expectations

Corporate Office Properties Trust Provides Earnings Guidance for the First Quarter Ending March 31, 2023 and Full Year Ending December 31, 2023

Now 21% undervalued after recent price drop

Corporate Office Properties Trust 2023 guidance in line with expectations

Corporate Office Properties gets $250M proceeds from ventures with Blackstone

Corporate Office Properties Trust to Report Q4, 2022 Results on Feb 09, 2023

Corporate Office Properties: A Value-Priced Defensive Stock

Upcoming dividend of US$0.28 per share

Corporate Office Properties Trust Declares Quarterly Dividend for the Fourth Quarter Ending December 31, 2022, Payable on January 17, 2023

Corporate Office Properties Trust declares $0.275 dividend

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Corporate Office Properties Trust Provides Earnings Guidance for the Fourth Quarter of 2022

Corporate Office Properties Trust FFO of $0.58 in-line, revenue of $182.5M beats by $9.79M

Buy Corporate Office Properties Trust To Benefit From War And Inflation

Corporate Office Properties Trust to Report Q3, 2022 Results on Oct 27, 2022

Corporate Office Properties Has Gotten Really Inexpensive

Upcoming dividend of US$0.28 per share

Corporate Office Properties Trust Elects Essye B. Miller to Board of Trustees

Corporate Office Properties Trust Declares Regular Quarterly Dividend for the Third Quarter Ending September 30, 2022, Payable on October 17, 2022

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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 Q2 FFO, revenue beats, raises guidance

Corporate Office Properties: Play Defense With This Mission-Critical REIT

Corporate Office Properties Trust to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.28 per share

Independent Trustee recently sold US$91k worth of stock

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 Announces Retirement of Gregory J. Thor as Senior Vice President, Controller and Chief Accounting Officer

Consensus EPS estimates increase by 32%

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Corporate Office Properties Trust to Report Q1, 2022 Results on Apr 28, 2022

Insider recently sold US$126k worth of stock

Corporate Office Properties Trust, Annual General Meeting, May 12, 2022

Upcoming dividend of US$0.28 per share

Corporate Office Properties Trust Declares Regular Quarterly Dividend, Payable on April 15, 2022