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Stock Market & Financial Investment News

News Breaks
January 7, 2014
07:19 EDTOFCCorporate Office Properties can generate strong returns, says Wells Fargo
Wells Fargo believes that investors are skeptical about Corporate Office because of its holdings in the DC area, but the firm says that only 20%-25% of its portfolio is directly impacted by the issues that plague metro DC. The firm keeps an Outperform rating on the shares.
News For OFC From The Last 14 Days
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March 27, 2015
08:57 EDTOFCCorporate Office Properties cuts Q1 FFOPS to 45c-47c from $1.21-$1.23
Corporate Office Properties Trust has affirmed its previously announced guidance for diluted FFO per share as adjusted for comparability. However, it has modified its previously announced guidance for FFOPS and Diluted EPS to reflect its expectation that the transfer of two operating properties in satisfaction of non-recourse secured indebtedness, previously expected to occur by March 31, is now expected to occur later in 2015; and reflect the effect of acquisition costs on operating properties for the three months ending March 31. The company previously announced guidance for: FFOPS, as adjusted for comparability, of 44c-46c for the three months ending March 31 and $1.97-$2.03 for the year ending December 31; FFOPS of $1.21-$1.23 for the three months and $2.74-$2.80 for the year; and diluted EPS of 86c-88c for the three months and $1.24-$1.30 for the year. The company has modified its guidance as follows: the company is affirming its previously announced guidance for FFOPS, as adjusted for comparability; now sees FFOPS of 45c-47c for the three months and $2.73-$2.79 for the year; and diluted EPS of 10c-12c for the three months and $1.23-$1.29 for the year. FFO consensus 46c.
March 26, 2015
16:49 EDTOFCCorporate Office Properties files 3.86M common shares of benefical interest
This prospectus covers 3,855,551 common shares that may be sold by the selling shareholders.
March 20, 2015
06:00 EDTOFCCorporate Office Properties acquires Baltimore building for $63.5M
Corporate Office Properties announced the acquisition of a 368,200 square foot building for $63.5M. The 24-story building is 95% leased and is located at 250 West Pratt Street, a premium office address in Baltimore, Marylandís Pratt Street Corridor near the Inner Harbor.

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