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

22.29USD-0.56 (-2.45%)Market Closed

Market Summary

USD22.29-0.56

Market Closed

-2.45%

OFC Stock Price

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OFC RSI Chart

OFC Valuation

Market Cap

2.5B

Price/Earnings (Trailing)

-33.74

Price/Sales (Trailing)

3.66

EV/EBITDA

32.45

Price/Free Cashflow

9.08

OFC Price/Sales (Trailing)

OFC Profitability

EBT Margin

-10.73%

Return on Equity

-5.01%

Return on Assets

-1.75%

Free Cashflow Yield

11.01%

OFC Fundamentals

OFC Revenue

Revenue (TTM)

685.0M

Rev. Growth (Yr)

2.56%

Rev. Growth (Qtr)

6.63%

OFC Earnings

Earnings (TTM)

-74.3M

Earnings Growth (Yr)

-33.15%

Earnings Growth (Qtr)

115.74%

Breaking Down OFC Revenue

Last 7 days

-6.7%

Last 30 days

-7.8%

Last 90 days

-10.5%

Trailing 12 Months

-3.7%

How does OFC drawdown profile look like?

OFC Financial Health

Debt/Equity

1.63

Debt/Cashflow

0.11

OFC Investor Care

Shares Dilution (1Y)

0.11%

Diluted EPS (TTM)

-0.68

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
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
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	103	13,833,300	25,439,700	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-3.15	212,596	5,310,360	0.02%
Feb 26, 2024	Neo Ivy Capital Management	new	-	91,000	91,000	0.20%
Feb 26, 2024	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-60.12	-1,309,000	983,000	0.01%
Feb 16, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	added	3.88	876,410	8,346,410	0.03%
Feb 16, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	3.79	177,000	1,698,000	-%
Feb 16, 2024	HARBOUR INVESTMENTS, INC.	unchanged	-	927	13,197	-%
Feb 15, 2024	Legal & General Group Plc	added	2.3	2,356,460	25,847,300	0.01%
Feb 15, 2024	State of Wyoming	sold off	-100	-149,700	-	-%
Feb 15, 2024	JANE STREET GROUP, LLC	reduced	-39.21	-1,712,470	3,234,740	-%

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

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
Apr 05, 2024	DEFR14A	DEFR14A
Mar 28, 2024	ARS	ARS
Mar 28, 2024	DEF 14A	DEF 14A
Mar 28, 2024	DEFA14A	DEFA14A
Mar 18, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Feb 29, 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	80.3B	11.1B	-12.74%	-17.55%	58.74	7.21	4.04%	-19.43%
CCI	40.8B	7.0B	-11.16%	-28.91%	27.17	5.84	-0.07%	-10.36%
AVB	25.4B	2.8B	-2.64%	2.84%	27.37	9.18	6.73%	-18.30%
ARE	20.1B	2.9B	-5.50%	-5.37%	193.97	6.97	11.46%	-80.13%
AMH	12.6B	1.6B	-4.41%	4.68%	29.05	7.81	7.80%	39.39%
REG	10.5B	1.3B	-3.55%	-5.82%	28.85	7.95	8.04%	-24.50%
BXP	9.1B	3.3B	-7.43%	9.20%	47.83	2.78	5.31%	-77.32%
MID-CAP
FRT	8.0B	1.1B	-2.65%	-1.41%	33.79	7.07	5.38%	-38.52%
MAC	3.4B	884.1M	-2.05%	57.21%	-12.44	3.86	2.90%	-314.82%
SLG	3.1B	899.4M	-4.37%	105.86%	-5.54	3.48	-0.45%	-623.11%
SMALL-CAP
AAT	1.2B	441.2M	-3.87%	11.51%	19.16	2.81	4.38%	15.77%
AIV	1.1B	198.2M	4.97%	0.64%	-7.19	5.71	-43.33%	-270.70%
MFA	1.0B	605.6M	-9.86%	0.10%	13.04	1.73	25.53%	134.62%
NYMT	613.1M	258.7M	-6.80%	-33.92%	-12.6	2.37	0.11%	83.70%
IVR	392.5M	277.9M	-11.76%	-23.30%	-24.75	1.41	44.33%	96.06%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	6.6%	180	169	169	168	175	183	186	195	186	167	157	154	157	149	138	139	158	159	175	149	138
Costs and Expenses	-65.3%	130	374	123	122	130	136	139	152	143	124	115	113	98.00	116	105	104	95.00	121	134	110	106
S&GA Expenses	9.6%	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	7.00
EBITDA Margin	-9.0%	0.21*	0.24*	0.59*	0.57*	0.47*	0.41*	0.41*	0.45*	0.42*	0.53*	0.46*	0.44*	-	-	-	-	-	-	-	-	-
Interest Expenses	14.5%	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	20.00
Income Taxes	-20.4%	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	-0.19
Earnings Before Taxes	115.9%	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	17.00
EBT Margin	-29.0%	-0.11*	-0.08*	0.28*	0.28*	0.20*	0.15*	0.14*	0.16*	0.12*	0.23*	0.14*	0.11*	-	-	-	-	-	-	-	-	-
Net Income	115.7%	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	18.00
Net Income Margin	-29.4%	-0.11*	-0.08*	0.28*	0.28*	0.24*	0.19*	0.19*	0.21*	0.12*	0.24*	0.15*	0.12*	-	-	-	-	-	-	-	-	-
Free Cashflow	-3.0%	67.00	69.00	82.00	59.00	79.00	48.00	86.00	53.00	49.00	62.00	97.00	41.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.2%	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	3,656
Cash Equivalents	-17.8%	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	8.00
Liabilities	0.3%	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	2,003
Long Term Debt	0.0%	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	1,824
Shareholder's Equity	-0.1%	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	1,627
Additional Paid-In Capital	0.0%	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	2,431
Shares Outstanding	0.0%	113	113	113	113	112	112	112	112	112	112	112	112	-	-	-	-	-	-	-	-	-
Minority Interest	0.1%	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	42.00
Float	-	-	-	2,300	-	-	-	2,500	-	-	-	2,800	-	-	-	2,200	-	-	-	2,600	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-3.0%	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	58,815
Share Based Compensation	1.7%	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	1,641
Cashflow From Investing	20.6%	-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	-80,232
Cashflow From Financing	-116.9%	-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	20,435
Dividend Payments	0.0%	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	29,937
Buy Backs	8.3%	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	91.00

OFC Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenues

Lease revenue

$ 619,847

$ 580,169

$ 553,668

Other property revenue

4,956

4,229

2,902

Construction contract and other service revenues

60,179

154,632

107,876

Total revenues

684,982

739,030

664,446

Operating expenses

Property operating expenses

247,385

227,430

213,377

Depreciation and amortization associated with real estate operations

148,950

141,230

137,543

Construction contract and other service expenses

57,416

149,963

104,053

Impairment losses

252,797

General, administrative, leasing and other expenses

42,769

38,991

40,774

Total operating expenses

749,317

557,614

495,747

Interest expense

(71,142)

(61,174)

(65,398)

Interest and other income, net

12,587

9,070

9,007

Gain on sales of real estate

49,392

19,250

65,590

Loss on early extinguishment of debt

(609)

(100,626)

(Loss) income from continuing operations before equity in (loss) income of unconsolidated entities and income taxes

(73,498)

147,953

77,272

Equity in (loss) income of unconsolidated entities

(261)

1,743

1,093

Income tax expense

(588)

(447)

(145)

(Loss) income from continuing operations

(74,347)

149,249

78,220

Discontinued operations

29,573

3,358

Net (loss) income

(74,347)

178,822

81,578

Net loss (income) attributable to noncontrolling interests:

Common units in CDPLP

1,306

(2,603)

(1,012)

Other consolidated entities

(428)

(3,190)

(4,025)

Net (loss) income attributable to common shareholders

$ (73,469)

$ 173,029

$ 76,541

Basic earnings per common share:

(Loss) income from continuing operations - basic (in dollars per share)

^[1]

$ (0.67)

$ 1.28

$ 0.65

Discontinued operations - basic (in dollars per share)

^[1]

0.26

0.03

Net (loss) income attributable to common shareholders - basic (in dollars per share)

^[1]

(0.67)

1.54

0.68

Diluted earnings per common share:

(Loss) income from continuing operations - diluted (in dollars per share)

^[1]

(0.67)

1.27

0.65

Discontinued operations - diluted (in dollars per share)

^[1]

0.26

0.03

Net (loss) income attributable to common shareholders - diluted (in dollars per share)

^[1]

$ (0.67)

$ 1.53

$ 0.68

[1]	Basic and diluted earnings per common share are calculated based on amounts attributable to common shareholders.

OFC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Properties, net:
Operating properties, net	$ 3,246,806	$ 3,258,899
Projects in development or held for future development	256,872	297,499
Total properties, net	3,503,678	3,556,398
Property - operating right-of-use assets	41,296	37,020
Assets held for sale, net	0	161,286
Cash and cash equivalents	167,820	12,337
Investment in unconsolidated real estate joint ventures	41,052	21,460
Accounts receivable, net	48,946	43,334
Deferred rent receivable	149,237	125,147
Lease incentives, net	61,331	49,757
Deferred leasing costs (net of accumulated amortization of $41,448 and $35,270, respectively)	70,057	69,339
Prepaid expenses and other assets, net	82,037	96,576
Total assets	4,246,966	4,257,275
Liabilities:
Debt, net	2,416,287	2,231,794
Accounts payable and accrued expenses	133,315	157,998
Rents received in advance and security deposits	35,409	30,016
Dividends and distributions payable	32,644	31,400
Deferred revenue associated with operating leases	29,049	11,004
Property - operating lease liabilities	33,931	28,759
Other liabilities	18,996	18,556
Total liabilities	2,699,631	2,509,527
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests	23,580	26,293
Shareholders’ equity:
Common Shares of beneficial interest ($0.01 par value; 150,000,000 shares authorized; shares issued and outstanding of 112,555,352 at December 31, 2023 and 112,423,893 at December 31, 2022)	1,126	1,124
Additional paid-in capital	2,489,989	2,486,116
Cumulative distributions in excess of net income	(1,009,318)	(807,508)
Accumulated other comprehensive income	2,115	2,071
Total shareholders’ equity	1,483,912	1,681,803
Noncontrolling interests in subsidiaries:
Common units in COPT Defense Properties, L.P. (“CDPLP”)	25,502	25,808
Other consolidated entities	14,341	13,844
Noncontrolling interests in subsidiaries	39,843	39,652
Total equity	1,523,755	1,721,455
Total liabilities, redeemable noncontrolling interests and equity	4,246,966	4,257,275
Investing Receivables
Properties, net:
Investing receivables (net of allowance for credit losses of $2,377 and $2,794, respectively)	$ 81,512	$ 84,621

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 Tue Apr 16 2024, market cap of Corporate Office Properties Trust is 2.51 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 Tue Apr 16 2024, OFC's PE ratio (Price to Earnings) is -33.74 and Price to Sales (PS) ratio is 3.66. 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 0.016 (multiply by 100 for percentage) rate of return.