Corporate Office Properties Trust Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Corporate Office Properties Trust (NYSE:OFC) Third Quarter 2022 Results

Key Financial Results

• 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.
• EPS: US$0.28 (up from US$0.24 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Corporate Office Properties Trust Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are up 6.5% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Corporate Office Properties Trust (2 make us uncomfortable!) that you should be aware of before investing here.

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