$OFC (Corporate Office Properties Trust)

$OFC {{ '2016-05-12T20:45:03+0000' | timeago}} • Announcement

$OFC declared a quarterly dividend of $0.275 per Common Share of beneficial interest for the second quarter 2016, payable on July 15, 2016, to shareholders of record on June 30, 2016.

$OFC {{ '2017-08-30T10:53:57+0000' | timeago}} • Announcement

$OFC Board of Trustees has elected Lisa Trimberger to serve on the company's board, effective Oct 1, 2017. Since 2014, Trimberger has been a Managing Member of Mack Capital Investments LLC, a private investment business.

$OFC {{ '2017-08-11T19:39:42+0000' | timeago}} • Announcement

$OFC has declared a quarterly dividend of $0.275 per share on its common stock. The dividend is payable on October 16, 2017, to shareholders of record on September 30, 2017.

$OFC {{ '2017-05-12T11:49:09+0000' | timeago}} • Announcement

$OFC executed two long-term leases with a subsidiary of an investment-grade Fortune 500 company to deliver two, 148,600-square foot buildings on land the company acquired in Ashburn, VA. $OFC expects to deliver one building in 4Q17 and the second building in 1Q18.

$OFC {{ '2017-02-22T14:31:24+0000' | timeago}} • Announcement

$OFC recently sold $53MM of suburban assets in Northern Virginia. Last week, $OFC closed sale of 3120 Fairview Park Drive in the Merrifield submarket of Falls Church, Virginia, for $39MM. $OFC has additional $10MM of asset sales under contract and $37-47MM in contract negotiations, all of which are expected to close during 2017.

$OFC {{ '2017-02-10T13:10:38+0000' | timeago}} • Announcement

$OFC expects 1Q17 EPS of $0.14-0.16, funds from operations per share of $0.49-0.51 and adjusted FFO per share of $0.44-0.46. For 2017, the company still predicts EPS of $0.59-0.67, FFO per share of $1.99-2.07 and adjusted FFO per share of $2.00-2.08.

$OFC {{ '2017-02-10T13:07:17+0000' | timeago}} • Announcement

$OFC reported a decline in 4Q16 earnings due to last year's gain on real estate sales. Net income fell to $21.08MM or $0.22 per share from $55.81MM or $0.59 per share last year. Revenue declined to $141.99MM from $143.33MM. Funds from operations per share grew to $0.57 from $0.31, while adjusted FFO per share slid to $0.51 from $0.52.

$OFC {{ '2017-02-08T14:50:34+0000' | timeago}} • Announcement

The Board of Trustees of $OFC declared a quarterly dividend of $0.275 per common share of beneficial interest for 1Q17. The dividend is payable on April 17, 2017 to shareholders of record on March 31, 2017.

$OFC {{ '2017-01-17T14:01:40+0000' | timeago}} • Announcement

$OFC expects 2017 EPS of $0.59-0.67, NAREIT FFO per share of $1.99-2.07 and adjusted FFO per share of $2.00-2.08. The company predicts 2017 to be a strong year for leasing, both in its same office portfolio and for new developments.

$OFC {{ '2017-01-03T14:37:47+0000' | timeago}} • Announcement

$OFC sold $54.1MM of suburban office assets and non-strategic land during 4Q16. The suburban office properties contained approx. 450,000 sq.ft. that at Sept. 30, 2016, were 71% occupied. During 2016, $OFC sold $344MM of land and operating properties containing 1.6MM sq.ft., and has another $105MM of transactions scheduled for completion in 2017.

$OFC {{ '2016-11-11T12:19:11+0000' | timeago}} • Announcement

$OFC has appointed Paul R. Adkins as the new EVP and COO, effective November 28, 2016. Mr. Adkins has previously worked with The JBG Companies and CarrAmerica Realty.

$OFC {{ '2016-08-25T20:54:32+0000' | timeago}} • Announcement

The Board of Trustees of $OFC declared quarterly dividends for its Series K and Series L preferred shares of $0.70 and $0.4609, respectively, for the period commencing July 15, 2016, and ending October 14, 2016. The dividend is payable on October 17, 2016, to shareholders of record on September 30, 2016.

$OFC {{ '2016-08-25T20:48:33+0000' | timeago}} • Announcement

The Board of Trustees of $OFC declared a quarterly dividend of $0.275 per share of beneficial interest for 3Q16, payable on October 17, 2016, to shareholders of record on September 30, 2016.

$OFC {{ '2016-08-04T20:40:58+0000' | timeago}} • Announcement

Office REIT $OFC said that it has closed the sale of Arborcrest Corporate Campus, its 654,000 square feet class-A redevelopment office project in Plymouth Meeting, Pennsylvania, for $143MM. To date, $OFC has completed $222MM of asset sales, or slightly more than half of its 2016 sales goal of $440MM.

$OFC {{ '2016-07-21T23:47:52+0000' | timeago}} • Announcement

$OFC announced the formation of GI-COPT DC Partnership LLC, 50/50 JV with affiliate of GI Partners. The venture acquired 6 of $OFC's existing, single-tenant, data center properties that contain 962,000 square feet. The unconsolidated venture raised $60MM of 10-year mortgages that bear interest at 3.4% to finance about 40% of properties value.

$OFC {{ '2016-05-12T20:48:17+0000' | timeago}} • Announcement

$OFC said it completed its previously announced CEO succession. Effective Thursday, Stephen Budorick has been appointed Chief Executive Officer, succeeding Roger Waesche.

$OFC {{ '2016-05-12T20:45:03+0000' | timeago}} • Announcement

$OFC declared a quarterly dividend of $0.275 per Common Share of beneficial interest for the second quarter 2016, payable on July 15, 2016, to shareholders of record on June 30, 2016.

$OFC {{ '2016-02-12T11:37:04+0000' | timeago}} • Announcement

Office development REIT $OFC said Stephen Budorick, current COO, has been appointed President and CEO, effective after the May 2016 Annual Shareholders Meeting. Budorick will succeed Roger Waesche, Jr. who will leave the board at the end of his current term in May. The BoD intends to appoint Budorick to the board after the annual meeting.

$OFC {{ '2015-12-21T23:04:41+0000' | timeago}} • Announcement

Self-managed real estate investment trust $OFC said that the Company expects to invest an incremental $55MM in two new projects at The National Business Park in Annapolis Junction, Maryland and Patriot Point in Ashburn, Virginia.

$OFC {{ '2015-12-21T23:04:31+0000' | timeago}} • Announcement

$OFC said that it anticipates year ending Dec. 31, 2016 diluted FFO per share (FFOPS), as adjusted for comparability, in the range of $1.95-2.05. FFOPS, as defined by NAREIT, in the range of $1.95-2.05 and diluted earnings per share in the range of $0.45-0.55.

$OFC {{ '2015-12-21T23:02:01+0000' | timeago}} • Announcement

$OFC said that it has completed the sale of 9690 Deereco Road & 375 W. Padonia Road in Timonium, a suburban submarket of Greater Baltimore, MD, for $44.5MM. The two previously held-for-sale properties contain roughly 246,000 rentable square feet that were 100% occupied at Sept. 30, 2015. The Company will recognize gains on sale of $15MM in 4Q15.

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