Create value + FFO growth by completing low-risk development at Defense/IT Locations
Maintain strong investment grade balance sheet to support growth + create stability
4
Portfolio Supports
Priority DOD
Missions
Since 2012, COPT has deeply concentrated capital allocation to Defense/IT Locations that support priority U.S. Defense Missions
90% of ARR from Defense/IT Locations*†
Concentration of revenues among high credit tenants generates resilient cash flows
Only public REIT for secured, specialized space + credentialed personnel
* As of June 30, 2022
† ARR = annualized rental revenues from the core
portfolio.
5
** SF reflect 100% of 19 joint ventured data centers; % of
Core ARR is based on COPT's share.
Core Portfolio by Demand Driver*
Demand Driver
Total SF (000s)
% Leased
% ARR†
Ft. Meade/BW Corridor
8,512
94%
47%
NoVA Defense/IT
2,503
91%
14%
Lackland AFB
1,060
100%
11%
Navy Support
1,261
92%
6%
Redstone Arsenal
1,613
90%
6%
Data Center Shells**
5,004
100%
6%
Regional Office
1,979
82%
10%
Core Portfolio
21,932
94%
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COPT - Corporate Office Properties Trust published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 22:33:03 UTC.
COPT Defense Properties is a fully integrated and self-managed real estate investment trust (REIT). The Company owns, operates and develops properties in locations proximate to, or sometimes containing, key United States Government (USG) defense installations and missions (Defense/IT Portfolio). Its tenants include the USG and their defense contractors, who are engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. Its Defense/IT Portfolio includes 190 operating properties totaling 21.7 million square feet, comprised of 16.0 million square feet in 160 office properties and 5.7 million square feet in 30 single-tenant data center shells. It also owns 24 of these data center shells through unconsolidated real estate joint ventures. Its Defense/IT Portfolio segment includes sub-segments: Fort George G. Meade and the Baltimore/Washington Corridor, Northern Virginia Defense/IT Locations, and others.
COPT DEFENSE PROPERTIES 
