Corporate Office Properties Trust (Corporate Office Properties Trust) Interest Expense : $-76.79 Mil (TTM As of Mar. 2024)

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What is Corporate Office Properties Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corporate Office Properties Trust's interest expense for the three months ended in Mar. 2024 was $ -20.77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-76.79 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Corporate Office Properties Trust's Operating Income for the three months ended in Mar. 2024 was $ 50.42 Mil. Corporate Office Properties Trust's Interest Expense for the three months ended in Mar. 2024 was $ -20.77 Mil. Corporate Office Properties Trust's Interest Coverage for the quarter that ended in Mar. 2024 was 2.43. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Corporate Office Properties Trust Interest Expense Historical Data

The historical data trend for Corporate Office Properties Trust's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Corporate Office Properties Trust Interest Expense Chart

Corporate Office Properties Trust Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-71.05

-67.94

-65.40

-58.88

-72.46

Corporate Office Properties Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-16.44	-16.52	-17.80	-21.70	-20.77

Corporate Office Properties Trust Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-76.79 Mil.

Corporate Office Properties Trust (NYSE:OFCPRLCL.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Corporate Office Properties Trust's Interest Expense for the three months ended in Mar. 2024 was $-20.77 Mil. Its Operating Income for the three months ended in Mar. 2024 was $50.42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,375.01 Mil.

Corporate Office Properties Trust's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	50.415	/	-20.767
	=	2.43

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. COPT Defense Properties interest coverage is 2.52, which is low.

Corporate Office Properties Trust (Corporate Office Properties Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Corporate Office Properties Trust (NYSE:OFCPRLCL.PFD) » Definitions » Interest Expense

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CDP:USA

Address

6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046

Website

https://www.copt.com

COPT Defense Properties is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearly all of its income in the form of rental revenue from tenants. Most of the company's revenue comes from the leasing of properties to U.S. Government agencies and its contractors in the national security, defense, and IT sectors, such as Northrop Grumman and Boeing. Regional offices in urban submarkets make also make up a sizable percentage of COPT's total square footage.