Corporate Office Properties Trust has provided guidance for its diluted FFO per share, COPT said Jan. 7.
“In 2013, we completed our strategic repositioning initiatives, which greatly improved the quality of our portfolio and the strength of our balance sheet,” said Roger Waesche, Jr., COPT president and CEO.
The FFO for 2014 is in the range of $1.84−1.92, and diluted earnings per share are in the range of $1.10-1.18.
Waesche added that the company is set to expand its pipeline of low-risk development opportunities in a business environment that is more stable.
“The recent federal budget agreement provided certainty for defense spending levels and should support a normalized contract awarding process between the Department of Defense and defense contractors. We are well positioned, financially and geographically, to capitalize on new opportunities both within our strategic tenant niche and within our strategic markets in the greater Baltimore-Washington region,” he added.