COPT to Present at the 2019 Nareit Investor Conference

COLUMBIA, Md.–(BUSINESS WIRE)–Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC)
announced that its President and CEO, Stephen E. Budorick, will provide
an update on the Company and participate in a question and answer
session at Nareit’s 2019 Investor Conference. The presentation will be
held on June 4, 2018 at 11:00 a.m. Eastern Time at the New York Hilton
Midtown in New York, NY.

A live audio webcast of the presentation and materials encompassing the
information provided during the presentation and conference will be
available on COPT’s Investors website: https://investors.copt.com/.

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
March 31, 2019, the Company derived 89% of its core portfolio annualized
revenue from Defense/IT Locations and 11% 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 163
office and data center shell properties encompassed 18.2 million square
feet and was 93.7% 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’s financial condition and
operations of its business. 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 anticipate.
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 reduced or delayed 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
    anticipated;
  • 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
    partnerships;
  • 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,
2018.

Contacts

IR Contacts:
Stephanie Krewson-Kelly
443-285-5453
[email protected]

Michelle Layne
443-285-5452
[email protected]

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