COPT Defense Properties (NYSE:CDP)
$ 23.72 -0.03 (-0.13%) Market Cap: 2.67 Bil Enterprise Value: 5.00 Bil PE Ratio: 0 PB Ratio: 1.80 GF Score: 78/100

Corporate Office Properties Trust at Bank of America Merrill Lynch Global Real Estate Conference Transcript

Sep 11, 2019 / 06:55PM GMT
Release Date Price: $29.8 (+0.13%)
James Colin Feldman
BofA Merrill Lynch, Research Division - Director and Senior US Office and Industrial REIT Analyst

So we're going to start out with some prepared remarks and an overview of the business and update and then we'll get into Q&A. Thank you.

Stephen E. Budorick
Corporate Office Properties Trust - President, CEO & Trustee

So good afternoon and thank you for coming. So I'll start with a brief overview of Corporate Office Properties Trust. We're the preferred provider of mission-critical real estate lease to the United States government and their defense contractors.

Our Defense/IT locations generate 88% of our revenues. We are a defense contractor and have been an operating partner to United States government for more than 25 years. Our unique franchise is distinguished by 3 key elements. 33% of our revenues come directly from the DoD or the U.S. government. 3.7 million square feet of our owned properties are occupied in secured government campuses. And fully 1/3 of our employees carry credentials to operate secured facilities on

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