COPT Defense Properties (NYSE:CDP)
$ 32.14 -0.24 (-0.74%) Market Cap: 3.62 Bil Enterprise Value: 6.04 Bil PE Ratio: 26.34 PB Ratio: 2.43 GF Score: 74/100

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

Sep 12, 2023 / 05:25PM GMT
Release Date Price: $25.04 (-0.36%)
Jing Xian Tan Bonnel
BofA Securities, Research Division - REIT Analyst

Hello, everyone. My name is Camille Bonnel. I'm the office REIT analyst on the U.S. Bank of America Research Team. And I'm also joined here by my colleague, [Dan Zinn]. And our next roundtable session is with Corporate Office Properties Trust, but now soon to be renamed and rebranded.

So I'm joined by Steve Budorick, President and CEO of the company. If you could start with the brief introduction, company overview, and then we'll get into Q&A.

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

Sure. I think you can all hear me. So Corporate Office Properties Trust, we're a specialized REIT, deeply concentrated, mission-critical assets to support National Defense activity of the United States government. Effective on September 15, which is Friday, we're changing our name to COPT Defense Properties to better reflect our portfolio composition and our investment strategy.

The vast majority of our 194 properties are located proximate to

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