CORPORATE OFFICE PROPERTIES TRUST

Jefferies Virtual

Real Estate

Conference

December 16, 2021

The Preferred Provider of Mission Critical Real Estate Solutions

COPT's Strategic Framework

Goal

To deliver attractive total returns for shareholders

Objective

To generate high quality, recurring NOI that translates into FFO

and NAV per share growth

Strategy

Allocate capital to durable demand locations, primarily at

Defense/IT Locations

  • Execute low-risk development/redevelopment opportunities
  • Maintain a strong, investment grade rated balance sheet

Tactics

  • Opportunistically recycle assets to maintain high portfolio quality and/or to fund development

2

COPT: Competitive Advantages

One of the only "go-to" landlords for secured, specialized space*

Unique + Advantaged

Proximity to Demand Drivers - Properties and entitled land

adjacent to mission-critical,knowledge-based defense

Land Positions

installations

Development

Trusted provider of secured, specialized space, with the ability to

Expertise

satisfy SCIF, ATFP, and other requirements

Our teams of managers have specialized skills & credentials

Operating Platform

required to handle the complex space & security-oriented needs

of tenants at our Defense/IT Locations - a distinct competitive

advantage over non-credentialed landlords

Track Record +

Nearly 30 years of operating excellence and customer service

Since 1992, one of the few trusted landlords able to

Customer

accommodate U.S. Government & defense contractor tenant

Relationships

requirements

  • Includes SCIF and ATFP buildings.

3

COPT: Demand Drivers

COPT's Defense/IT Locations are aligned with defense installations whose missions remain DOD spending priorities:

» ISR: Intelligence, Surveillance + Reconnaissance

»

Cybersecurity

»

Gaining Military Efficiencies

»

Cloud Computing

»

Missile Defense R&D

»

Space

Core Portfolio by Demand Driver*

Total SF

Demand Driver

(000s)

% Leased

% Core ARR

Ft. Meade/BW Corridor

8,459

93%

47%

NoVA Defense/IT

2,336

91%

13%

Lackland AFB

1,060

100%

11%

Navy Support

1,242

97%

6%

Redstone Arsenal

1,520

99%

6%

Data Center Shells

4,739

100%

5%

Regional Office

2,147

89%

12%

Core Portfolio

21,503

95%

* As of September 30, 2021.

† SF reflect 100% of 19 joint ventured data centers; % of Core ARR is based on COPT's share.

4

COPT: Capital Allocation Strategy

Defense/IT Locations − 88% of Core ARR

We are the preeminent provider of real estate & services to the U.S. Government & Defense IT contractors

» Developable land adjacent/proximate to hi-

tech & cybersecurity-oriented USG defense

installations executing priority missions

Redstone Gateway

308 National Business Park

Annapolis Junction, MD

Huntsville, AL

Regional Office Locations − 12% of Core ARR

  • We own Class-A office buildings in mixed-use,transit-served locations
    • Walkable amenities
    • Vibrant and growing residential
    • Transportation-advantaged

2100 L Street

Washington, DC

250 W. Pratt Street

Baltimore, MD

* Percentages are based on core portfolio annualized rental revenues.

5

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COPT - Corporate Office Properties Trust published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2021 14:08:01 UTC.