The Preferred Provider of Mission Critical Real Estate Solutions
Table of Contents
Overview of COPT……………………….Page 3
Results for 1Q 2021……..…..................Page 8
Factors Supporting Growth…………..Page 10
IV. FY & 2Q 2021 Guidance………..……...Page 23
Appendices……………………………...Page 27
Definitions & Glossary
Reconciliations
Safe Harbor
Unless otherwise noted, information in this presentation represents the Company's consolidated portfolio as of or for the quarter ended March 31, 2021.
This presentation may contain "forward-looking" statements, as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that are based on the Company's current expectations, estimates and projections about future events and financial trends affecting the Company. These statements may include, without limitation, statements regarding: our belief that we are well- positioned to maintain relative normal operations through the COVID-19 crisis; our expectations as to renewal leasing, rent relief requests, development leasing and development projects; our liquidity situation; and our dividend. Forward-looking statements are inherently subject to risks and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Although the Company believes that expectations, estimates and projections reflected in such forward-looking statements are based on reasonable assumptions at the time made, the Company can give no assurance that these expectations, estimates and projections will be achieved. Future events and actual results may differ materially from those discussed in the forward-looking statements and the Company undertakes no obligation to update or supplement any forward-looking statements.
The areas of risk that may affect these expectations, estimates and projections include, but are not limited to, those risks described in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2020.
2
Overview of COPT
Rendering of 8000 Rideout Road, Huntsville, AL
3
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
Maintain a strong, investment grade rated balance sheet
Tactics
Opportunistically recycle assets to maintain high portfolio quality and/or to fund development
4
Our 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.
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
COPT - Corporate Office Properties Trust published this content on 08 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2021 11:02:05 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 
