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News Breaks
March 13, 2013
16:23 EDTOFCCOPT lowers Q1 FFO view 38c-40c, citing early debt retirement
Sees FY13 FFO $1.74 and $1.84. Management is updating its previously issued guidance for 2013 diluted funds from operations per share, FFOPS, and diluted earnings per share, EPS, to reflect the 6c per share loss on the early retirement of indebtedness and the 3c per share loss on the original issuance costs of the redeemed preferred shares. Management is establishing guidance for FFOPS, as adjusted for comparability, for the full year 2013 of $1.83 to $1.93, which is equal to its previous guidance for 2013 FFOPS. Incorporating the losses on early debt retirement and original issuance costs, the company now expects full year 2013 FFOPS of between $1.74 and $1.84, and first quarter 2013 FFOPS of between $0.38 and $0.40.
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September 25, 2014
08:06 EDTOFCCorporate Office Properties sells $28M of non-strategic land in Q3
Corporate Office Properties announces that, in the Q3, the company disposed of 18 acres of non-strategic land in the White Marsh submarket of Greater Baltimore and 217 acres of non-strategic land in Charles County. The company realized gross proceeds of $28M and, in Q3 ending September 30, will recognize a GAAP gain on sale of approximately $5.5M. The gain will be included in FFO per share per NAREIT, but excluded in the companyís calculation of FFO per share, as adjusted for comparability. The dispositions represented 37% of COPTís non-strategic land holdings by acreage, the remaining 394 acres of which have a book value of $58M.
September 24, 2014
06:09 EDTOFCCorporate Office Properties opts out of MUTA Provision
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September 23, 2014
12:18 EDTOFCCorporate Office Properties and First Potomac Realty jointly hold a reception
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12:06 EDTOFCCorporate Office Properties to host analyst and investor day
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September 16, 2014
10:01 EDTOFCBofA/Merrill REITs analysts hold an analyst/industry conference call
CMBS Strategist Todd, U.S. REIT Analyst Spector, REIT Fixed Income Analyst Frost, along with CBRE Capital Markets Executive Managing Director Levy discuss their best ideas, current outlook and viewpoints on all things in the commercial real estate sector on an Analyst/Industry conference call to be held on September 19 at 11 am.

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