COPT to Present at Citi’s 2019 Global Property CEO Conference

COLUMBIA, Md.–(BUSINESS WIRE)–Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC)
announced that its President & CEO, Stephen E. Budorick, will provide an
overview of the Company and participate in a question and answer session
at Citi’s 2019 Global Property CEO Conference. The presentation will be
held on March 4, 2019 at 8:10 a.m. Eastern Time at The Diplomat Resort &
Spa in Hollywood, Florida.

A live audio webcast of the presentation and materials encompassing the
information provided during the presentation and conference will be
available in the ‘Investors’ section of the Company’s website,
The replay of the presentation will be available until 11:59 p.m.
Eastern Time on March 18, 2019.

Company Information

COPT is a REIT that owns, manages, leases, develops and selectively
acquires office and data center properties in locations that support the
United States Government and its contractors, most of whom are engaged
in national security, defense and information technology (“IT”) related
activities servicing what it believes are growing, durable, priority
missions (“Defense/IT Locations”). The Company also owns a portfolio of
office properties located in select urban/urban-like submarkets in the
Greater Washington, DC/Baltimore region with durable Class-A office
fundamentals and characteristics (“Regional Office Properties”). As of
December 31, 2018, the Company derived 88% of its core portfolio
annualized revenue from Defense/IT Locations and 12% from its Regional
Office Properties. As of the same date and including six buildings owned
through an unconsolidated joint venture, COPT’s core portfolio of 161
office and data center shell properties encompassed 17.9 million square
feet and was 94.0% leased; the Company also owned one wholesale data
center with a critical load of 19.25 megawatts.

Forward-Looking Information

This press release may contain “forward-looking” statements, as
defined in Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, that are based on the Company’s
current expectations, estimates and projections about future events and
financial trends affecting the Company. Forward-looking statements can
be identified by the use of words such as “may,” “will,” “should,”
“could,” “believe,” “anticipate,” “expect,” “estimate,” “plan” or other
comparable terminology.
Forward-looking statements are inherently
subject to risks and uncertainties, many of which the Company cannot
predict with accuracy and some of which the Company might not even
Although the Company believes that the expectations,
estimates and projections reflected in such forward-looking statements
are based on reasonable assumptions at the time made, the Company can
give no assurance that these expectations, estimates and projections
will be achieved.
Future events and actual results may differ
materially from those discussed in the forward-looking statements.

Important factors that may affect these expectations, estimates, and
projections include, but are not limited to:

  • general economic and business conditions, which will, among other
    things, affect office property and data center demand and rents,
    tenant creditworthiness, interest rates, financing availability and
    property values;
  • adverse changes in the real estate markets including, among other
    things, increased competition with other companies;
  • governmental actions and initiatives, including risks associated
    with the impact of a prolonged government shutdown or budgetary
    reductions or impasses, such as a reduction in rental revenues,
    non-renewal of leases, and/or a curtailment of demand for additional
    space by the Company’s strategic customers;
  • the Company’s ability to borrow on favorable terms;
  • risks of real estate acquisition and development activities,
    including, among other things, risks that development projects may not
    be completed on schedule, that tenants may not take occupancy or pay
    rent or that development or operating costs may be greater than
  • risks of investing through joint venture structures, including
    risks that the Company’s joint venture partners may not fulfill their
    financial obligations as investors or may take actions that are
    inconsistent with the Company’s objectives;
  • changes in the Company’s plans for properties or views of market
    economic conditions or failure to obtain development rights, either of
    which could result in recognition of significant impairment losses;
  • the Company’s ability to satisfy and operate effectively under
    Federal income tax rules relating to real estate investment trusts and
  • possible adverse changes in tax laws;
  • the dilutive effects of issuing additional common shares;
  • the Company’s ability to achieve projected results;
  • security breaches relating to cyber attacks, cyber intrusions or
    other factors; and
  • environmental requirements.

The Company undertakes no obligation to update or supplement any
forward-looking statements. For further information, please refer to the
Company’s filings with the Securities and Exchange Commission,
particularly the section entitled “Risk Factors” in Item 1A of the
Company’s Annual Report on Form 10-K for the year ended December 31,


IR Contacts:
Stephanie Krewson-Kelly

Michelle Layne

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