SAN FRANCISCO, CA--(Marketwired - April 18, 2017) - Corporate Office Properties Trust (COPT) (
Advisor Access spoke with Corporate Office Properties' President and CEO, Stephen Budorick, about the trust's business model and growth strategy.
Advisor Access: COPT has a unique office portfolio because of its focus on defense-related tenants. Can you provide more color on this franchise?
Stephen Budorick: As of Dec. 31, 2016, we derived 87% of our business from Defense/IT locations, which encompass 14.3 million square feet of office space and more than 1 million acres of strategic developable land. Our buildings and land positions are unique, as is our decades-long track record of successful execution and mutual trust with our US government customers. An important distinction is that the government locations we support are not involved with weapons manufacturing or in the training and deployment of troops; rather, the missions involve high-tech, R&D, and cybersecurity aspects of national defense.
AA: Does the US government lease space with you through the General Services Administration (GSA)?
AA: How many Defense/IT locations does COPT have, and where are they located?
Read the complete answers to these questions and the full interview with COPT HERE.
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DISCLOSURE: COPT has paid Advisor Access a fee to distribute this email. Stephen Budorick had final approval of the content and is wholly responsible for the validity of the statements and opinions.