Name | Value |
---|---|
Revenues | 167.5M |
Cost of Revenue | 111.6M |
Gross Profit | 55.9M |
Operating Expense | 10.6M |
Operating I/L | 10.0M |
Other Income/Expense | 49.3M |
Interest Income | 2.3M |
Pretax | 80.5M |
Income Tax Expense | 0.1M |
Net Income/Loss | 78.8M |
COPT is a Real Estate Investment Trust (REIT) specializing in owning, managing, leasing, developing, and acquiring office and data center properties. The company's portfolio primarily focuses on locations supporting the United States Government and its contractors, particularly in national security, defense, and information technology (IT) related activities. With a core portfolio of 192 properties encompassing 22.9 million square feet, COPT derives 90% of its annualized rental revenue from Defense/IT Locations and 10% from Regional Office Properties, maintaining a strong 95% lease rate as of June 30, 2023.