Corporate Office Properties Trust (OFC) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Feb 20, 2020
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Corporate Office Properties Trust (OFC, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust. Its portfolio comprises of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. Corporate Office Properties Trust has a market cap of $3.33 billion; its shares were traded at around $29.73 with a P/E ratio of 17.38 and P/S ratio of 5.31. The dividend yield of Corporate Office Properties Trust stocks is 3.71%. GuruFocus has detected 3 severe warning signs with Corporate Office Properties Trust. .

For the last quarter Corporate Office Properties Trust reported a revenue of $157.8 million, compared with the revenue of $138.5 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $641.2 million, an increase of 10.9% from last year. For the complete 30-year financial data, please go here.. For the last five years Corporate Office Properties Trust had an average revenue growth rate of 0.8% a year.

The reported diluted earnings per share was $1.71 for the year, an increase of 147.8% from previous year. Over the last five years Corporate Office Properties Trust had an EPS growth rate of 26.2% a year. The Corporate Office Properties Trust had a decent operating margin of 24.39%, compared with the operating margin of 25.41% a year before. The 10-year historical median operating margin of Corporate Office Properties Trust is 23.83%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Corporate Office Properties Trust has the cash and cash equivalents of $14.7 million, compared with $8.07 million in the previous year. The long term debt was $1.8 billion, compared with $1.8 billion in the previous year. The interest coverage to the debt is 2.2, which is not a favorable level. Corporate Office Properties Trust has a financial strength rank of 3 (out of 10).

At the current stock price of $29.73, Corporate Office Properties Trust is traded at 27.7% premium to its historical median P/S valuation band of $23.29. The P/S ratio of the stock is 5.31, while the historical median P/S ratio is 4.16. The stock gained 17.96% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Steven D Kesler sold 1,000 shares of OFC stock on 02/14/2020 at the average price of $30. The price of the stock has decreased by 0.9% since.
  • Director Robert L Denton sold 5,000 shares of OFC stock on 02/11/2020 at the average price of $29.67. The price of the stock has increased by 0.2% since.

For the complete 20-year historical financial data of OFC, click here.