OFC - Corporate Office Properties Trust Stock Price, Fair Value and News

24.51USD0.00 (0.00%)Delayed

Market Summary

USD24.510.00

Delayed

0.00%

OFC Alerts

Big fall in earnings (Y/Y)

OFC Stock Price

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OFC RSI Chart

OFC Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

-22.8

Price/Sales (Trailing)

3.88

EV/EBITDA

47.82

Price/Free Cashflow

9.57

OFC Price/Sales (Trailing)

OFC Profitability

EBT Margin

-16.93%

Return on Equity

-7.93%

Return on Assets

-2.86%

Free Cashflow Yield

10.45%

OFC Fundamentals

OFC Revenue

Revenue (TTM)

710.7M

Rev. Growth (Yr)

15.38%

Rev. Growth (Qtr)

7.53%

OFC Earnings

Earnings (TTM)

-121.1M

Earnings Growth (Yr)

-58.12%

Earnings Growth (Qtr)

-3.3%

Breaking Down OFC Revenue

Last 7 days

0.3%

Last 30 days

10.2%

Last 90 days

1.7%

Trailing 12 Months

6.0%

How does OFC drawdown profile look like?

OFC Financial Health

Debt/Equity

1.58

Debt/Cashflow

0.12

OFC Investor Care

Dividend Yield

4.63%

Dividend/Share (TTM)

1.11

Shares Dilution (1Y)

0.11%

Diluted EPS (TTM)

-1.09

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	710.7M	0	0	0
2023	711.1M	694.4M	680.5M	685.0M
2022	705.5M	734.1M	749.7M	739.0M
2021	598.1M	617.0M	635.1M	664.4M
2020	630.9M	594.2M	583.5M	582.4M
2019	571.6M	599.9M	621.9M	641.2M
2018	628.5M	623.8M	604.2M	578.1M
2017	569.8M	575.3M	590.2M	612.8M
2016	608.7M	584.3M	575.7M	574.3M
2015	600.8M	631.4M	629.1M	625.5M
2014	543.8M	547.1M	568.3M	586.5M
2013	507.0M	520.4M	527.2M	523.4M
2012	491.0M	477.0M	475.4M	508.1M
2011	554.6M	558.9M	560.9M	501.2M
2010	735.7M	660.1M	585.4M	566.7M
2009	0	645.8M	706.4M	767.1M
2008	0	0	0	585.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Corporate Office Properties Trust

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 17, 2023	denton robert l	sold	-90,439	22.9484	-3,941	-
May 11, 2023	miller essye b.	acquired	-	-	4,523	-
May 11, 2023	trimberger lisa g	acquired	-	-	4,523	-
May 11, 2023	denton robert l	acquired	-	-	4,523	-
May 11, 2023	kesler steven d	acquired	-	-	4,523	-
May 11, 2023	brady thomas f	acquired	-	-	4,523	-
Oct 03, 2022	miller essye b.	acquired	-	-	2,830	-
May 18, 2022	denton robert l	sold	-91,359	26.7446	-3,416	-
May 12, 2022	brady thomas f	acquired	-	-	3,941	-
May 12, 2022	trimberger lisa g	acquired	-	-	3,941	-

Which funds bought or sold OFC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Feb 26, 2024	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-60.12	-1,309,000	983,000	0.01%
Feb 26, 2024	Neo Ivy Capital Management	new	-	91,000	91,000	0.20%
Feb 16, 2024	HARBOUR INVESTMENTS, INC.	unchanged	-	927	13,197	-%
Feb 14, 2024	Point72 Middle East FZE	new	-	8,073	8,073	-%
Feb 14, 2024	PUTNAM INVESTMENTS LLC	reduced	-3.03	15,671	380,913	-%
Jan 29, 2024	Smith, Graham & Co., Investment Advisors, LP	reduced	-9.29	-99,659	3,990,980	0.46%
Jan 09, 2024	IFP Advisors, Inc	unchanged	-	95.00	1,358	-%
Jan 02, 2024	VIRGINIA RETIREMENT SYSTEMS ET AL	added	18.89	941,039	5,820,240	0.06%
Aug 11, 2023	Vident Investment Advisory, LLC	added	2.37	31,178	1,256,680	0.04%
Aug 10, 2023	PICTET ASSET MANAGEMENT SA	reduced	-4.55	-34,466	750,951	-%

Are Funds Buying or Selling OFC?

Are funds buying OFC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OFC

No. of Funds

OFC Alerts

Big fall in earnings (Y/Y)

Unveiling Corporate Office Properties Trust's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	barrow hanley mewhinney & strauss llc	12.%	10	SC 13G
Feb 13, 2024	vanguard group inc	14.81%	16,664,736	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 29, 2024	state street corp	6.12%	6,893,387	SC 13G/A
Jan 22, 2024	blackrock inc.	15.9%	17,908,018	SC 13G/A
Feb 15, 2023	barrow hanley mewhinney & strauss llc	5.94%	6,679,975	SC 13G
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	15.02%	16,885,442	SC 13G/A
Feb 08, 2023	state street corp	6.04%	6,790,021	SC 13G/A
Jan 26, 2023	blackrock inc.	15.2%	17,066,414	SC 13G/A

Recent SEC filings of Corporate Office Properties Trust

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 14, 2024	8-K	Current Report
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading

Peers (Alternatives to Corporate Office Properties Trust)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	90.9B	11.2B	13.13%	1.87%	46.04	8.11	3.63%	50.79%
CCI	44.7B	6.8B	10.57%	-9.74%	32.06	6.53	-2.39%	-16.60%
AVB	28.3B	2.8B	9.91%	13.04%	29.6	10.08	5.72%	-6.47%
ARE	21.7B	3.0B	6.63%	6.21%	110.61	7.35	10.44%	-73.79%
AMH	13.5B	-	6.12%	9.11%	31.9	8.3	8.93%	11.87%
REG	11.3B	1.4B	6.30%	4.57%	30.12	8.22	10.48%	-2.93%
BXP	9.9B	3.3B	9.08%	28.09%	51.64	3	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	5.40%	14.57%	35.59	7.38	5.48%	-38.69%
SLG	3.4B	892.3M	6.62%	140.10%	-6.71	3.85	-5.33%	-307.54%
MAC	3.4B	878.0M	1.11%	67.10%	-9.8	3.82	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	12.17%	21.82%	20.36	3.15	3.54%	8.91%
AIV	1.2B	198.2M	6.70%	-0.84%	-7.55	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	7.51%	2.13%	36.77	1.73	27.93%	140.31%
NYMT	572.0M	285.4M	-8.06%	-36.92%	-4.15	2	11.05%	83.70%
IVR	459.4M	277.2M	15.74%	-12.95%	-56.03	1.66	25.89%	94.64%

Corporate Office Properties Trust News

Latest updates

Corporate Office Properties Trust Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	7.5%	193	180	169	169	168	175	183	186	195	186	167	157	154	157	149	138	139	158	159	175	149
Costs and Expenses	10.0%	143	130	374	123	122	130	136	139	152	143	124	115	113	98.00	116	105	104	95.00	121	134	110
S&GA Expenses	1.3%	12.00	12.00	11.00	10.00	10.00	12.00	9.00	9.00	9.00	14.00	9.00	9.00	8.00	10.00	7.00	8.00	7.00	9.00	8.00	9.00	9.00
EBITDA Margin	-30.5%	0.15*	0.21*	0.24*	0.59*	0.57*	0.47*	0.41*	0.41*	0.45*	0.42*	0.53*	0.46*	-	-	-	-	-	-	-	-	-
Interest Expenses	3.0%	21.00	20.00	18.00	17.00	16.00	17.00	15.00	15.00	14.00	16.00	16.00	16.00	18.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	18.00
Income Taxes	38.8%	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	-0.10	-0.13	-0.18	0.00
Earnings Before Taxes	-4.0%	34.00	35.00	-220	32.00	81.00	52.00	32.00	33.00	31.00	13.00	28.00	43.00	-7.08	81.00	-31.80	25.00	25.00	40.00	23.00	109	22.00
EBT Margin	-57.8%	-0.17*	-0.11*	-0.08*	0.28*	0.28*	0.20*	0.15*	0.14*	0.16*	0.12*	0.23*	0.14*	-	-	-	-	-	-	-	-	-
Net Income	-3.3%	34.00	35.00	-221	32.00	80.00	52.00	32.00	34.00	61.00	15.00	29.00	44.00	-6.08	84.00	-31.34	25.00	26.00	45.00	21.00	107	21.00
Net Income Margin	-56.9%	-0.17*	-0.11*	-0.08*	0.28*	0.28*	0.24*	0.19*	0.19*	0.21*	0.12*	0.24*	0.15*	-	-	-	-	-	-	-	-	-
Free Cashflow	6.5%	71.00	67.00	69.00	82.00	59.00	79.00	48.00	86.00	53.00	49.00	62.00	97.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.3%	4,233	4,247	4,239	4,246	4,178	4,257	4,269	4,185	4,132	4,262	4,151	4,052	4,113	4,077	4,120	4,011	4,054	3,854	3,855	3,803	3,776
Cash Equivalents	-26.6%	123	168	204	14.00	15.00	12.00	13.00	21.00	19.00	13.00	15.00	17.00	36.00	18.00	11.00	22.00	159	15.00	34.00	46.00	8.00
Liabilities	-0.6%	2,684	2,700	2,692	2,447	2,384	2,510	2,543	2,462	2,415	2,578	2,454	2,355	2,430	2,358	2,447	2,331	2,366	2,106	2,131	2,055	2,092
Long Term Debt	0.0%	2,417	2,416	2,416	2,176	2,123	2,232	2,270	2,178	2,157	2,272	2,160	2,110	2,208	2,087	2,182	2,012	2,077	1,831	1,862	1,784	1,876
Shareholder's Equity	2.8%	1,526	1,484	1,486	1,777	1,769	1,682	1,701	1,696	1,691	1,657	1,671	1,671	1,657	1,694	1,650	1,657	1,665	1,719	1,696	1,719	1,656
Additional Paid-In Capital	-0.1%	2,487	2,490	2,490	2,487	2,485	2,486	2,485	2,481	2,479	2,482	2,480	2,478	2,477	2,479	2,479	2,478	2,477	2,482	2,480	2,475	2,475
Shares Outstanding	0.1%	113	113	113	113	113	112	112	112	112	112	112	112	-	-	-	-	-	-	-	-	-
Minority Interest	9.3%	44.00	40.00	40.00	46.00	43.00	40.00	39.00	39.00	39.00	34.00	34.00	34.00	34.00	33.00	40.00	40.00	40.00	40.00	40.00	47.00	46.00
Float	-	-	-	-	2,300	-	-	-	2,500	-	-	-	2,800	-	-	-	2,200	-	-	-	2,600	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	6.5%	70,990	66,638	68,723	82,168	58,745	78,691	48,414	86,009	52,711	49,245	61,891	97,340	40,672	79,383	22,504	74,319	62,218	71,521	45,222	57,163	54,652
Share Based Compensation	14.1%	2,645	2,318	2,280	2,213	1,733	2,247	2,241	2,190	2,111	2,019	2,047	2,009	1,904	1,750	1,726	1,638	1,389	1,735	1,696	1,624	1,659
Cashflow From Investing	-16.4%	-78,911	-67,776	-85,413	-101,617	85,183	-1,022	-117,343	-69,312	104,220	-90,977	-81,391	42,213	-72,814	70,417	-168,921	-112,825	-114,463	-29,102	-95,283	107,525	-121,155
Cashflow From Financing	-4.7%	-36,419	-34,770	205,710	18,857	-143,533	-77,558	59,680	-14,894	-150,403	40,903	15,870	-158,058	50,389	-142,442	135,226	-98,515	197,002	-61,796	36,834	-125,729	66,328
Dividend Payments	-100.0%	-	32,083	32,079	32,075	30,941	30,914	30,917	30,910	30,904	30,895	30,885	30,885	30,862	30,855	30,845	30,850	30,817	30,822	30,795	30,753	30,287
Buy Backs	1898.1%	1,039	52.00	48.00	38.00	1,113	62.00	48.00	61.00	1,059	70.00	64.00	68.00	2,290	70.00	57.00	80.00	1,492	91.00	53.00	103	1,817

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OFC Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Lease revenue	$ 165,433	$ 150,560
Other property revenue	1,230	1,121
Construction contract and other service revenues	26,603	15,820
Total revenues	193,266	167,501
Operating expenses
Property operating expenses	66,746	59,420
Depreciation and amortization associated with real estate operations	38,351	36,995
Construction contract and other service expenses	26,007	15,201
General, administrative, leasing and other expenses	11,747	10,490
Total operating expenses	142,851	122,106
Interest expense	(20,767)	(16,442)
Interest and other income, net	4,122	2,256
Gain on sales of real estate	0	49,378
Income before equity in income (loss) of unconsolidated entities and income taxes	33,770	80,587
Equity in income (loss) of unconsolidated entities	69	(64)
Income tax expense	(168)	(125)
Net income	33,671	80,398
Net income attributable to noncontrolling interests:
Common units in CDPLP	(608)	(1,293)
Other consolidated entities	(454)	(326)
Net income attributable to common shareholders	$ 32,609	$ 78,779
Earnings per common share:
Net income attributable to common shareholders - basic (in dollars per share)	$ 0.29	$ 0.70
Net income attributable to common shareholders - diluted (in dollars per share)	$ 0.29	$ 0.70

OFC Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Properties, net:
Operating properties, net	$ 3,272,452	$ 3,246,806
Projects in development or held for future development	245,426	256,872
Total properties, net	3,517,878	3,503,678
Property - operating right-of-use assets	40,368	41,296
Cash and cash equivalents	123,144	167,820
Investment in unconsolidated real estate joint ventures	40,597	41,052
Accounts receivable, net	50,088	48,946
Deferred rent receivable	153,788	149,237
Lease incentives, net	61,150	61,331
Deferred leasing costs (net of accumulated amortization of $41,846 and $41,448, respectively)	70,902	70,057
Prepaid expenses and other assets, net	92,457	82,037
Total assets	4,232,895	4,246,966
Liabilities:
Debt, net	2,416,873	2,416,287
Accounts payable and accrued expenses	111,981	133,315
Rents received in advance and security deposits	37,557	35,409
Dividends and distributions payable	33,906	32,644
Deferred revenue associated with operating leases	34,019	29,049
Property - operating lease liabilities	33,141	33,931
Other liabilities	16,406	18,996
Total liabilities	2,683,883	2,699,631
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests	22,966	23,580
Shareholders’ equity:
Common Shares of beneficial interest ($0.01 par value; 150,000,000 shares authorized; shares issued and outstanding of 112,640,861 at March 31, 2024 and 112,555,352 at December 31, 2023)	1,126	1,126
Additional paid-in capital	2,487,468	2,489,989
Cumulative distributions in excess of net income	(1,009,964)	(1,009,318)
Accumulated other comprehensive income	3,849	2,115
Total shareholders’ equity	1,482,479	1,483,912
Noncontrolling interests in subsidiaries:
Common units in COPT Defense Properties, L.P. (“CDPLP”)	29,214	25,502
Other consolidated entities	14,353	14,341
Noncontrolling interests in subsidiaries	43,567	39,843
Total equity	1,526,046	1,523,755
Total liabilities, redeemable noncontrolling interests and equity	4,232,895	4,246,966
Investing Receivables
Properties, net:
Investing receivables (net of allowance for credit losses of $2,361 and $2,377, respectively)	$ 82,523	$ 81,512

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 (Ã‚â€œITÃ‚â€) related activities servicing what the Company believes are growing, durable, priority missions (Ã‚â€œDefense/IT LocationsÃ‚â€). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Ã‚â€œRegional Office PropertiesÃ‚â€). As of June 30, 2023, the Company derived 90% of its core portfolio annualized rental revenue from Defense/IT Locations and 10% from its Regional Office Properties. As of the same date and including 24 properties owned through unconsolidated joint ventures, COPT's core portfolio of 192 properties encompassed 22.9 million square feet and was 95% leased.

CEO	Mr. Stephen E. Budorick
WEBSITE	copt.com
INDUSTRY	REIT Mortgage
EMPLOYEES	395

Corporate Office Properties Trust Frequently Asked Questions

What is the ticker symbol for Corporate Office Properties Trust? What does OFC stand for in stocks?

OFC is the stock ticker symbol of Corporate Office Properties Trust. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Corporate Office Properties Trust (OFC)?

As of Fri May 17 2024, market cap of Corporate Office Properties Trust is 2.76 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OFC stock?

You can check OFC's fair value in chart for subscribers.

What is the fair value of OFC stock?

You can check OFC's fair value in chart for subscribers. The fair value of Corporate Office Properties Trust is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Corporate Office Properties Trust is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OFC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Corporate Office Properties Trust a good stock to buy?

The fair value guage provides a quick view whether OFC is over valued or under valued. Whether Corporate Office Properties Trust is cheap or expensive depends on the assumptions which impact Corporate Office Properties Trust's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OFC.

What is Corporate Office Properties Trust's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, OFC's PE ratio (Price to Earnings) is -22.8 and Price to Sales (PS) ratio is 3.88. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OFC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Corporate Office Properties Trust's stock?

In the past 10 years, Corporate Office Properties Trust has provided 0.024 (multiply by 100 for percentage) rate of return.