See more : Mangalam Organics Limited (MANORG.BO) 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 |
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