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Corporate Office Properties Q1 FFO guidance in-line

Published 02/07/2019, 05:39 PM
© Reuters.  Corporate Office Properties Q1 FFO guidance in-line
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  • Corporate Office Properties ' (NYSE:OFC) guidance for Q1 FFO per share guidance of 49 cents-50 cents comes in line with consensus estimate of 49 cents.
  • Guidance for 2019 FFO per share of $2.02-$2.06 compares with consensus of $2.06.
  • Assumes 2019 same-property pool cash NOI 1.5%-3.0%; same-property year-end occupancy 92%-94%.
  • Reports Q4 adjusted FFO per share of 50 cents, in-line with consensus estimate, down from 53 cents in the year-ago quarter.
  • Q4 total revenue of $138.5M vs. $164.6M a year ago.
  • Q4 same-properties NOI -1.1%.
  • At December 31, 2018, core portfolio of 161 operating office properties was 93.1% occupied and 94.0% leased.
  • Conference call on Feb. 8 at 12:00 PM ET.
  • Previously: Corporate Office Properties Trust FFO in-line, beats on revenue (Feb. 7)
  • Now read: Corporate Office Properties Is The 'Black Knight' Of The Government Checkmate


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