2023-04-27 16:42:21 ET
- Corporate Office Properties Trust press release ( NYSE: OFC ): Q1 FFO of $0.59 beats by $0.02 .
- Revenue of $167.5M (-14.3% Y/Y) misses by $14.65M .
- Narrowed 2023 FFO per Share Guidance, Midpoint Unchanged
- Core Portfolio 92.9% Occupied and 95.1% Leased
- Same-Property Cash NOI Increased 8.3% in the Quarter
- Raising Same-Property Cash NOI Guidance for the Year by 100 Basis Points, to 3%-5%
- 1.5 million SF of Active Developments are 92% Leased.
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Corporate Office Properties Trust FFO of $0.59 beats by $0.02, revenue of $167.5M misses by $14.65M