See more : Depo Auto Parts Industrial Co., Ltd. (6605.TW) 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 |
Fiscal Year 2022 Defense Budget Appropriated
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) reports that Congress recently passed an omnibus appropriations bill to fund the U.S. Government's fiscal year 2022 budget. The solid yea-nay votes of 363-70 in the House and...
Piedmont Office Realty Trust: Continued Mediocrity
Piedmont Office Realty Trust: Continued Mediocrity
COPT to Present at Citi's 2022 Global Property CEO Conference
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi's 2022 Global...
JBG SMITH Properties: Almost There
JBG SMITH Properties: Almost There
COPT Declares 97th Consecutive 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 $0.275 per common share for the first quarter ending March 31, 2022. The first quarter...
Corporate Office Properties Trust (OFC) CEO Stephen Budorick on Q4 2021 Results - Earnings Call Transcript
Corporate Office Properties Trust (OFC) CEO Stephen Budorick on Q4 2021 Results - Earnings Call Transcript
COPT Establishes 2022 Guidance
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (NYSE: OFC) (“COPT” or the “Company”) is establishing the following guidance for the year ending December 31, 2022: Diluted earnings per share (“EPS”) in the range of $1.12−$1.20; and Diluted FFO per share (“FFOPS”),...
COPT 4Q and Full Year 2021 Results Exceed Guidance
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the fourth quarter and full year ended December 31, 2021. Management Comments Stephen E. Budorick, COPT’s President & Chief Executive Officer, commented, “Our unique investment...
COPT 4Q and Full Year 2021 Results Exceed Guidance
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced results for the fourth quarter and full year ended December 31, 2021. Management Comments Stephen E. Budorick, COPT's President & Chief Executive Officer, commented, “Our unique investment...
COPT Announces Tax Treatment of 2021 Distributions
COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the Company) (NYSE: OFC) announced the 2021 tax treatment of its Common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment...
Source: https://incomestatements.info
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