Corporate Office Properties Trust Provides Earnings Guidance for the First Quarter Ending March 31, 2022 and Full Year Ending December 31, 2022
February 10, 2022 at 04:17 pm EST
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Corporate Office Properties Trust provided earnings guidance for the first quarter ending March 31, 2022 and full year ending December 31, 2022. For the quarter, the company expects EPS in the range of $0.42-$0.44; and FFOPS, as defined by Nareit and as adjusted for comparability, in the range of $0.55-$0.57.
For the year, the company expects diluted earnings per share (“EPS”) in the range of $1.12-$1.20; and Diluted FFO per share (“FFOPS”), as defined by Nareit and as adjusted for comparability, in the range of $2.30-$2.38.
COPT Defense Properties is a fully integrated and self-managed real estate investment trust (REIT). It is focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key United States Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). Its tenants include the USG and their defense contractors, who are engaged in priority national security activities, and who require mission-critical and high security property enhancements. Its Defense/IT Portfolio segment consists of approximately 193 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.0 million square feet. Its Defense/IT Portfolio sub-segments includes Fort George G. Meade and the Baltimore/Washington Corridor; Northern Virginia Defense/IT Locations; Lackland Air Force Base in San Antonio, Texas; locations serving the U.S. Navy; Redstone Arsenal in Huntsville, Alabama, and data center shells in Northern Virginia.
COPT DEFENSE PROPERTIES 
