Corporate Office Properties Trust (COPT) (NYSE: OFC) is an office real
estate investment trust (REIT) that focuses primarily on serving the specialized
requirements of U.S. Government agencies and defense contractors, most of which
are engaged in defense information technology and national security-related activities.
As of December 31, 2014, COPT derived 77% of its annualized revenue from its strategic tenant niche properties and 23% from its regional office properties. The Company generally acquires, develops, manages and leases office and data center properties concentrated in large office parks primarily located near knowledge-based government demand drivers and/or in targeted markets or submarkets in the Greater Washington, DC/Baltimore region. As of December 31, 2014, the Company’s consolidated portfolio consisted of 173 office properties totaling 16.8 million rentable square feet.