Corporate Office Properties Trust Reports Operating Results (10-K)

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Feb 10, 2012
Corporate Office Properties Trust (OFC, Financial) filed Annual Report for the period ended 2011-12-31.

Corporate Office Properties Trust has a market cap of $1.78 billion; its shares were traded at around $23.64 with a P/E ratio of 10.7 and P/S ratio of 3.2. The dividend yield of Corporate Office Properties Trust stocks is 6.7%. Corporate Office Properties Trust had an annual average earning growth of 6.4% over the past 5 years.

Highlight of Business Operations:

We refer to the measure "annualized rental revenue" in various sections of the Management's Discussion and Analysis of Financial Condition and Results of Operations section of this Annual Report on Form 10-K. Annualized rental revenue is a measure that we use to evaluate the source of our rental revenue as of a point in time. It is computed by multiplying by 12 the sum of monthly contractual base rents and estimated monthly expense reimbursements under active leases as of a point in time. Our computation of annualized rental revenue excludes the effect of lease incentives, although the effect of this exclusion is generally not material. We consider annualized rental revenue to be a useful measure for analyzing revenue sources because, since it is point-in-time based, it does not contain increases and decreases in revenue associated with periods in which lease terms were not in effect; historical revenue under generally accepted accounting principles in the United States of America ("GAAP") does contain such fluctuations. We find the measure particularly useful for leasing, tenant, segment and industry analysis.

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