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Corporate Office Properties Trust
Topic: Company
From HandWiki - Reading time: 2 min
Short description: Real estate investment trust
 | |
| Type | Public company |
|---|---|
| NYSE: OFC S&P 400 component | |
| Industry | Real estate investment trust |
| Founded | 1988 |
| Founder | Clay W. Hamlin III |
| Headquarters | Columbia, Maryland |
Key people | Stephen E. Budorick, CEO & President Thomas F. Brady, Chairman Anthony Mifsud, CFO |
| Products | Office buildings |
| Revenue |  $0.641 billion (2019) |
| $0.191 billion (2019) | |
| Total assets | $3.854 billion (2019) |
| Total equity | $1.719 billion (2019) |
Number of employees | 394 (2019) |
| Website | www |
| Footnotes / references [1] | |
Corporate Office Properties Trust is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2019, the company owned 148 office buildings comprising 15.4 million square feet and 22 single-tenant data centers comprising 3.7 million square feet.[1]
Tenants
The company's largest tenants are as follows:[1]
| Rank | Tenant | % of total 2019 revenue |
|---|---|---|
| 1 | General Services Administration | 34.6% |
| 2 | Vadata (Amazon.com) | 7.9% |
| 3 | General Dynamics | 4.9% |
| 4 | Boeing | 3.2% |
| 5 | CACI | 2.5% |
| 6 | Northrop Grumman | 2.2% |
| 7 | CareFirst BlueCross BlueShield | 2.1% |
| 8 | Booz Allen Hamilton | 2.1% |
| 9 | Wells Fargo | 1.3% |
| 10 | AT&T Corporation | 1.3% |
History
The company was founded in 1988 by Clay W. Hamlin III as Royale Investments, Inc.[2] It became a public company via an initial public offering in 1991.[3]
References
- ↑ 1.0 1.1 1.2 "Corporate Office Properties Trust 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission. https://www.sec.gov/ix?doc=/Archives/edgar/data/860546/000086054620000007/copt10kdoc12312019.htm.
- ↑ "AMENDMENT NO. 1 TO FORM S-11 REGISTRATION STATEMENT". March 31, 1998. https://www.sec.gov/Archives/edgar/data/860546/0001047469-98-012884.txt.
- ↑ "PUBLIC COMPANIES: REAL ESTATE". The Washington Post. April 30, 2001. https://www.washingtonpost.com/archive/business/2001/04/30/public-companies-real-estate/ad576224-2cc2-41d5-beea-1d470d5787ab/.
External links
- Business data for Corporate Office Properties Trust:
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