Corporate Office Properties Trust
COPT Defense Properties is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2019, the company owned 148 office buildings comprising 15.4 million square feet and 22 single-tenant data centers comprising 3.7 million square feet.[1]
 | |
| Formerly | Corporate Office Properties Trust |
|---|---|
| Type | Public company |
| Industry | Real estate investment trust |
| Founded | 1988 |
| Founder | Clay W. Hamlin III |
| Headquarters | Columbia, Maryland, U.S. |
Key people | Stephen E. Budorick (CEO & President) Thomas F. Brady (Chairman) Anthony Mifsud (CFO) |
| Products | Office buildings |
| Revenue |  US$0.641 billion (2019) |
| US$0.191 billion (2019) | |
| Total assets | US$3.854 billion (2019) |
| Total equity | US$1.719 billion (2019) |
Number of employees | 394 (2019) |
| Website | www |
| Footnotes / references [1] | |
Tenants
The company's largest tenants are as follows:[1]
| Rank | Tenant | % of total 2019 revenue |
|---|---|---|
| 1 | General Services Administration | 34.6% |
| 2 | Vadata (Amazon.com) | 7.9% |
| 3 | General Dynamics | 4.9% |
| 4 | Boeing | 3.2% |
| 5 | CACI | 2.5% |
| 6 | Northrop Grumman | 2.2% |
| 7 | CareFirst BlueCross BlueShield | 2.1% |
| 8 | Booz Allen Hamilton | 2.1% |
| 9 | Wells Fargo | 1.3% |
| 10 | AT&T Corporation | 1.3% |
History
The company was founded in 1988 by Clay W. Hamlin III as Royale Investments, Inc.[2] It became a public company via an initial public offering in 1991.[3]
References
External links
- Official website
- Business data for COPT Defense Properties:
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