COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. More Details
Average dividend payer and slightly overvalued.
Share Price & News
How has Corporate Office Properties Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OFC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: OFC's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: OFC exceeded the US REITs industry which returned -8.8% over the past year.
Return vs Market: OFC underperformed the US Market which returned 19.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Corporate Office Properties Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
12 hours ago | Simply Wall StHave Corporate Office Properties Trust (NYSE:OFC) Insiders Been Selling Their Stock?
3 weeks ago | Simply Wall StCorporate Office Properties Trust (NYSE:OFC) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
1 month ago | Simply Wall StCorporate Office Properties Trust's (NYSE:OFC) Stock Price Has Reduced 22% In The Past Three Years
Is Corporate Office Properties Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OFC ($27.32) is trading below our estimate of fair value ($37.31)
Significantly Below Fair Value: OFC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OFC is poor value based on its PE Ratio (52.7x) compared to the US REITs industry average (38.3x).
PE vs Market: OFC is poor value based on its PE Ratio (52.7x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: OFC is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: OFC is overvalued based on its PB Ratio (1.9x) compared to the US REITs industry average (1.6x).
How is Corporate Office Properties Trust forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OFC's forecast earnings growth (19.1% per year) is above the savings rate (2.2%).
Earnings vs Market: OFC's earnings (19.1% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: OFC's earnings are forecast to grow, but not significantly.
Revenue vs Market: OFC's revenue (3.1% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: OFC's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OFC's Return on Equity is forecast to be low in 3 years time (6.6%).
How has Corporate Office Properties Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OFC has a large one-off gain of $16.0M impacting its September 30 2020 financial results.
Growing Profit Margin: OFC's current net profit margins (9.6%) are lower than last year (26.5%).
Past Earnings Growth Analysis
Earnings Trend: OFC's earnings have grown by 10% per year over the past 5 years.
Accelerating Growth: OFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OFC had negative earnings growth (-65%) over the past year, making it difficult to compare to the REITs industry average (2%).
Return on Equity
High ROE: OFC's Return on Equity (3.8%) is considered low.
How is Corporate Office Properties Trust's financial position?
Financial Position Analysis
Short Term Liabilities: OFC's short term assets ($295.7M) exceed its short term liabilities ($173.0M).
Long Term Liabilities: OFC's short term assets ($295.7M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: OFC's debt to equity ratio (131%) is considered high.
Reducing Debt: OFC's debt to equity ratio has reduced from 132.9% to 131% over the past 5 years.
Debt Coverage: OFC's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: OFC's interest payments on its debt are not well covered by EBIT (1.4x coverage).
What is Corporate Office Properties Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: OFC's dividend (4.03%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: OFC's dividend (4.03%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: OFC's dividends per share have been stable in the past 10 years.
Growing Dividend: OFC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74.5%), OFC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OFC's dividends in 3 years are forecast to be covered by earnings (52.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Budorick (60 yo)
Mr. Stephen E. Budorick, also known as Steve, has been the Chief Executive Officer and President at Corporate Office Properties Trust since May 12, 2016. Mr. Budorick was elected Trustee at the firm in May...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD4.32M) is about average for companies of similar size in the US market ($USD5.15M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP & CFO||5.75yrs||US$1.84m||0.045% |
|Chief Accounting Officer||12.33yrs||no data||no data|
|Vice President of Investor Relations||no data||no data||no data|
|VP, General Counsel & Secretary||9.83yrs||no data||no data|
|Senior Vice President of Business Development||8.17yrs||no data||no data|
|Senior Vice President of Human Resources||no data||no data||no data|
|Senior Vice President of Asset Management & Leasing||16.83yrs||no data||no data|
|Senior Vice President of Development & Construction||no data||no data||no data|
|Senior Vice President of Operations & Government Services||no data||no data||no data|
|Senior Vice President of Tenant Interiors||no data||no data||no data|
|Senior Vice President of Development & Construction||11.83yrs||no data||no data|
Experienced Management: OFC's management team is seasoned and experienced (9.8 years average tenure).
|Independent Trustee||7yrs||US$195.72k||0.033% |
|Independent Trustee||6.83yrs||US$193.72k||0.0050% |
|Independent Chairman of the Board||7.5yrs||US$238.72k||0.012% |
|Independent Trustee||11.25yrs||US$200.22k||0.0055% |
|Independent Trustee||22.17yrs||US$182.72k||0.034% |
|Independent Trustee||21.5yrs||US$201.72k||0.0036% |
|Director||0.083yr||no data||0.0024% |
|Independent Trustee||3.08yrs||US$180.72k||0.018% |
Experienced Board: OFC's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OFC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Corporate Office Properties Trust's company bio, employee growth, exchange listings and data sources
- Name: Corporate Office Properties Trust
- Ticker: OFC
- Exchange: NYSE
- Founded: 1988
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: US$3.098b
- Market Cap: US$3.054b
- Shares outstanding: 113.41m
- Website: https://www.copt.com
Number of Employees
- Corporate Office Properties Trust
- 6711 Columbia Gateway Drive
- Suite 300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OFC||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Dec 1991|
|WX7||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1991|
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 i...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 23:08|
|End of Day Share Price||2020/11/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.