Corporate Office Properties Trust (NYSE: OFC ) ( www.copt.com/ ) a real estate investment trust (REIT), engages in the acquisition, development, ownership, management, and leasing of suburban office properties. As of December 31, 2005, the company’s portfolio consisted of 165 office properties; 14 wholly owned office properties under construction or development; and land parcels totaling 311 acres. As of the above date, the company, through joint ventures, owned 18 operating properties, 2 office properties, and land parcels totaling 138 acres. As an REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. Corporate Office Properties Trust was founded in 1988 and is based in Columbia, Maryland.
As of February 28, 2011, it had a 52 week stock price range of $33.33 - 43.61. As of December 31, 2010, it had a net income of $42,760,000 and long term debt of $2,323,368,000 and net tangible assets of $1,112,902,000. (Source:Yahoo! Finance)
Corporate Office Properties Trust (COPT) is a specialty office real estate investment trust (NYSE: OFC) that focuses on strategic customer relationships and specialized tenant requirements in the U.S. Government and Defense Information Technology sectors and data centers serving such sectors. According to their green commitment, “Each building we design and build incorporates the best practices of "green" development. Every new building is built to meet or exceed LEED (Leadership in Energy & Environmental Design) Silver certification standards. We also look to achieve LEED certification for redevelopment opportunities.” (Source: Corporate Office Properties Trust website)
Corporate Office Properties Trust has engaged in comprehensive sustainability programs that go above and beyond many competitors. Some of these include all new buildings are LEED certified, an aggressive policy to certify existing buildings, and programs to help encourage tenants to go green. Look at their fast facts.
This is a Green Business and it is properly valued at this time. It has a solid niche market which it services, and its policies on sustainability as well as strong financial fundamentals will keep it competitive.
