See more : CLS Holdings USA, Inc. (CLSH) Income Statement Analysis – Financial Results
Complete financial analysis of Corporate Office Properties Trust (OFC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Corporate Office Properties Trust, a leading company in the REIT – Office industry within the Real Estate sector.
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Corporate Office Properties Trust (OFC)
About Corporate Office Properties Trust
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 its contractors, most of whom are engaged in national security, defense and information technology ("IT") related activities servicing what it believes are growing, durable, priority missions ("Defense/IT Locations"). The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics ("Regional Office Properties"). As of December 31, 2020, the Company derived 87% of its core portfolio annualized rental revenue from Defense/IT Locations and 13% from its Regional Office Properties. As of the same date and including 17 properties owned through unconsolidated joint ventures, COPT's core portfolio of 179 office and data center shell properties encompassed 20.8 million square feet and was 95.0% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 86.7% leased.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 684.98M | 739.03M | 664.45M | 609.37M | 641.23M | 578.11M | 612.82M | 574.33M | 625.47M | 586.47M | 523.36M | 528.01M | 556.84M | 564.48M | 767.52M | 588.02M | 410.17M | 361.40M | 329.15M | 243.48M | 174.42M | 151.88M | 129.41M | 108.99M | 81.11M | 40.21M | 6.62M | 2.50M | 2.50M | 2.20M | 1.20M | 600.00K | 100.00K |
| Cost of Revenue | 8.93M | 518.62M | 454.97M | 409.65M | 445.17M | 396.48M | 424.81M | 375.73M | 437.22M | 416.08M | 339.29M | 351.22M | 268.47M | 281.72M | 157.31M | 325.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 676.05M | 220.41M | 209.47M | 199.72M | 196.05M | 181.64M | 188.01M | 198.60M | 188.25M | 170.40M | 184.07M | 176.79M | 288.37M | 282.75M | 610.21M | 262.74M | 410.17M | 361.40M | 329.15M | 243.48M | 174.42M | 151.88M | 129.41M | 108.99M | 81.11M | 40.21M | 6.62M | 2.50M | 2.50M | 2.20M | 1.20M | 600.00K | 100.00K |
| Gross Profit Ratio | 98.70% | 29.82% | 31.53% | 32.77% | 30.57% | 31.42% | 30.68% | 34.58% | 30.10% | 29.05% | 35.17% | 33.48% | 51.79% | 50.09% | 79.50% | 44.68% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 31.11M | 38.99M | 40.77M | 37.47M | 39.64M | 34.74M | 37.05M | 44.80M | 44.87M | 37.37M | 36.31M | 37.61M | 25.84M | 24.01M | 359.76M | 0.00 | 20.52M | 16.94M | 13.53M | 10.94M | 7.89M | 6.70M | 5.29M | 4.87M | 3.20M | 1.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.20M | 4.20M | 3.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 31.11M | 38.99M | 40.77M | 37.47M | 39.64M | 34.74M | 37.05M | 44.80M | 44.87M | 37.37M | 36.31M | 37.61M | 29.04M | 28.21M | 520.77M | 25.33M | 20.52M | 16.94M | 13.53M | 10.94M | 7.89M | 6.70M | 5.29M | 4.87M | 3.20M | 1.89M | 533.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 200.00K |
| Other Expenses | 207.35M | 271.00K | -1.13M | -933.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 238.45M | 39.26M | 39.65M | 36.54M | 39.64M | 34.74M | 37.05M | 44.80M | 44.87M | 37.37M | 36.31M | 37.61M | 156.48M | 151.44M | 629.38M | 128.05M | 289.93M | 247.50M | 229.14M | 152.89M | 52.76M | 70.44M | 49.93M | 54.46M | 38.58M | 18.87M | 3.95M | -2.20M | -2.20M | -2.00M | -1.00M | -500.00K | 200.00K |
| Cost & Expenses | 247.39M | 557.89M | 494.62M | 446.19M | 484.82M | 431.22M | 461.86M | 420.53M | 482.08M | 453.45M | 375.59M | 388.83M | 424.95M | 433.16M | 629.38M | 453.33M | 289.93M | 247.50M | 229.14M | 152.89M | 52.76M | 70.44M | 49.93M | 54.46M | 38.58M | 18.87M | 3.95M | -2.20M | -2.20M | -2.00M | -1.00M | -500.00K | 200.00K |
| Interest Income | 0.00 | 9.34M | 7.88M | 8.57M | 7.89M | 4.36M | 6.32M | 5.44M | 4.52M | 4.92M | 3.83M | 7.17M | 5.60M | 9.57M | 5.16M | 2.07M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | -71.14M | 61.17M | 65.40M | 67.94M | 71.05M | 75.39M | 76.98M | 83.16M | 89.07M | 92.39M | 76.56M | 88.38M | 101.28M | 101.87M | 82.21M | 83.65M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 149.00M | 143.59M | 150.64M | 140.03M | 137.07M | 137.12M | 134.23M | 132.72M | 140.03M | 136.09M | 119.77M | 124.42M | 127.44M | 123.24M | 108.61M | 102.72M | 107.63M | 80.07M | 63.56M | 51.90M | 37.14M | 29.00M | 20.98M | 16.98M | 12.08M | 6.29M | 1.27M | 600.00K | 500.00K | 500.00K | 300.00K | 100.00K | 0.00 |
| EBITDA | 4.31M | 228.01M | 149.42M | 168.46M | 264.17M | 153.95M | 160.16M | 171.76M | 78.28M | 138.18M | 100.06M | 26.43M | 264.60M | 265.49M | 251.91M | 239.48M | 58.51M | 55.67M | 44.77M | 147.35M | 68.22M | 130.81M | 127.19M | 72.78M | 55.58M | 28.06M | 3.94M | 5.30M | 5.20M | 4.70M | 2.50M | 1.20M | -100.00K |
| EBITDA Ratio | 0.55% | 26.01% | 26.91% | 28.48% | 25.88% | 26.63% | 26.13% | 27.96% | 23.66% | 23.56% | 51.21% | 50.00% | 47.52% | 47.03% | 32.82% | 40.73% | 56.78% | 54.46% | 50.37% | 60.52% | 121.00% | 86.12% | 98.28% | 66.78% | 68.53% | 69.76% | 59.53% | 212.00% | 208.00% | 213.64% | 208.33% | 200.00% | -100.00% |
| Operating Income | -74.35M | 48.64M | 28.16M | 33.54M | 28.87M | 144.53M | 135.84M | 52.41M | 120.09M | 131.61M | 141.91M | 95.97M | 4.12M | 131.31M | 138.14M | 134.69M | 120.25M | 113.91M | 100.00M | 90.59M | 121.66M | 81.44M | 79.48M | 54.53M | 42.53M | 21.35M | 2.67M | 4.70M | 4.70M | 4.20M | 2.20M | 1.10M | -100.00K |
| Operating Income Ratio | -10.85% | 6.58% | 4.24% | 5.50% | 4.50% | 25.00% | 22.17% | 9.13% | 19.20% | 22.44% | 27.12% | 18.17% | 0.74% | 23.26% | 18.00% | 22.91% | 29.32% | 31.52% | 30.38% | 37.20% | 69.75% | 53.62% | 61.41% | 50.03% | 52.44% | 53.08% | 40.39% | 188.00% | 188.00% | 190.91% | 183.33% | 183.33% | -100.00% |
| Total Other Income/Expenses | 849.00K | 101.06M | -948.00K | -59.31M | 42.07M | -68.95M | -68.30M | -77.50M | -85.50M | -96.79M | -103.10M | -88.94M | -127.50M | -90.92M | -77.04M | -76.22M | -84.68M | -65.57M | -61.64M | -46.69M | -93.33M | -59.44M | -59.51M | 107.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | -73.50M | 149.70M | 78.37M | 103.23M | 199.79M | 75.94M | 67.54M | -25.09M | 120.87M | 34.82M | 38.81M | 7.02M | -123.38M | 40.39M | 61.09M | 63.49M | 35.57M | 39.68M | 41.11M | 43.89M | 28.33M | 22.00M | 19.97M | 54.64M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | -10.73% | 20.26% | 11.79% | 16.94% | 31.16% | 13.14% | 11.02% | -4.37% | 19.33% | 5.94% | 7.42% | 1.33% | -22.16% | 7.16% | 7.96% | 10.80% | 8.67% | 10.98% | 12.49% | 18.03% | 16.24% | 14.49% | 15.43% | 50.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -588.00K | 447.00K | 145.00K | 353.00K | -217.00K | -363.00K | 1.10M | 244.00K | 199.00K | 310.00K | 1.98M | 381.00K | -10.68M | 108.00K | 196.00K | 201.00K | 569.00K | 887.00K | 668.00K | 795.00K | -124.00K | -242.00K | -269.00K | 40.78M | 28.43M | 17.07M | 3.64M | 4.40M | 4.40M | 3.90M | 2.00M | 1.00M | 200.00K |
| Net Income | -73.47M | 173.03M | 76.54M | 97.37M | 191.69M | 72.30M | 70.09M | 11.44M | 178.30M | 40.26M | 93.71M | 20.98M | -117.68M | 42.76M | 56.33M | 58.67M | 34.78M | 49.23M | 39.03M | 37.03M | 30.88M | 23.30M | 19.92M | 15.13M | 15.08M | 4.70M | -967.00K | 300.00K | 300.00K | 300.00K | 200.00K | 100.00K | -200.00K |
| Net Income Ratio | -10.73% | 23.41% | 11.52% | 15.98% | 29.89% | 12.51% | 11.44% | 1.99% | 28.51% | 6.86% | 17.90% | 3.97% | -21.13% | 7.58% | 7.34% | 9.98% | 8.48% | 13.62% | 11.86% | 15.21% | 17.70% | 15.34% | 15.39% | 13.89% | 18.60% | 11.68% | -14.61% | 12.00% | 12.00% | 13.64% | 16.67% | 16.67% | -200.00% |
| EPS | -0.65 | 1.54 | 0.68 | 0.87 | 1.72 | 0.69 | 0.71 | 0.12 | 1.90 | 0.46 | 1.10 | 0.29 | -1.70 | 0.72 | 1.01 | 1.22 | 0.75 | 1.18 | 1.04 | 1.12 | 1.17 | 1.04 | 0.99 | 0.80 | 0.89 | 2.07 | -0.58 | 0.21 | 0.19 | 0.21 | 0.17 | 0.19 | -0.28 |
| EPS Diluted | -0.65 | 1.53 | 0.68 | 0.87 | 1.71 | 0.69 | 0.71 | 0.12 | 1.83 | 0.46 | 1.10 | 0.29 | -1.70 | 0.71 | 1.00 | 1.20 | 0.73 | 1.13 | 1.01 | 1.06 | 1.09 | 0.99 | 0.96 | 0.79 | 0.81 | 2.07 | -0.58 | 0.21 | 0.19 | 0.21 | 0.17 | 0.19 | -0.28 |
| Weighted Avg Shares Out | 112.18M | 112.07M | 111.96M | 111.79M | 111.20M | 103.95M | 98.97M | 94.50M | 93.91M | 88.09M | 85.17M | 73.45M | 69.38M | 59.61M | 55.93M | 48.13M | 46.53M | 41.57M | 37.56M | 33.14M | 26.38M | 22.32M | 20.10M | 18.89M | 16.98M | 2.27M | 1.67M | 1.43M | 1.58M | 1.43M | 1.18M | 526.32K | 710.00K |
| Weighted Avg Shares Out (Dil) | 112.18M | 112.62M | 112.42M | 112.08M | 111.62M | 104.13M | 99.16M | 94.50M | 97.67M | 88.26M | 85.22M | 73.45M | 69.38M | 59.94M | 56.41M | 48.87M | 47.63M | 43.37M | 38.76M | 34.98M | 28.33M | 23.51M | 20.74M | 19.21M | 18.53M | 2.27M | 1.67M | 1.43M | 1.58M | 1.43M | 1.18M | 526.32K | 710.00K |
COPT Reports Second Quarter 2023 Results
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the second quarter ended June 30, 2023. Management Comments Stephen E. Budorick, COPT's President & Chief Executive Officer, commented, “Our Defense/IT investment strategy, which has...
Are Dividend-Paying Office REITs Finally Staging A Comeback?
If you haven't exactly been monitoring the performance of office-building investments, that's understandable. With offices sitting empty as employees prefer to work from home, the biggest real estate investment trusts, Alexandria Real Estate Equities NYSE: ARE, Boston Properties NYSE: BXP,...
Are Dividend-Paying Office REITs Finally Staging A Comeback?
If you haven't exactly been monitoring the performance of office-building investments, that's understandable. With offices sitting empty as employees prefer to work from home, the biggest real estate investment trusts, Alexandria Real Estate Equities NYSE: ARE, Boston Properties NYSE: BXP,...
COPT Provides Conference Call Details to Discuss 2Q 2023 Results
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announces the release date and conference call details in which management will discuss second quarter 2023 results. Details: Results and Guidance Release Date: Thursday, July 27, 2023 after...
COPT to Present at Nareit's REITweek: 2023 Investor Conference
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit's REITweek: 2023...
DHC vs. OFC: Which Stock Should Value Investors Buy Now?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Diversified Healthcare (DHC) or Corporate Office Properties (OFC). But which of these two companies is the best option for those looking for...
Corporate Office Properties: Clarity On Defense Spending Could Provide Shares An Uplift
Corporate Office Properties owns and operates mission-critical properties that serve specialized areas of focus, such as national security, defense, and IT-related activities. OFC's Q1 release showcased strong results and was paired with positive revisions in their same-property guidance and outlook...
Corporate Office Properties: An Evolving Property Portfolio And Promising Future Outlook
OFC divested from some of its non-core assets in non-primary markets, most notably selling off seven properties that were considered tangential to its core mission. Occupancy rates remained solid at 94.8%, slightly down from 95.3% in Q4 2022, reflecting an...
DHC or OFC: Which Is the Better Value Stock Right Now?
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Diversified Healthcare (DHC) and Corporate Office Properties (OFC). But which of these two stocks offers value investors a better bang for their buck right now?
COPT Declares Second Quarter 2023 Common Dividend
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) announced today 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...
Source: https://incomestatements.info
Category: Stock Reports