Investors in the currently expensive market are hard-pressed to find a relatively high and safe yield. On December 2nd, the S&P 500 (SPY) reached an all-time high, with a 14% gain since the start of the year. This has brought its dividend yield down to just 1.5%. Most investors who are looking to layer in new money will find a hard time funding their living expenses on such a paltry yield.
This brings me to Corporate Office Properties Trust (OFC), which offers a much higher 4.2% dividend yield that is backed by a safe tenant base. Plus, the share price still hasn’t recovered, as it’s still down by 11% since the start of the year. In this article, I evaluate what makes COPT an attractive buy at the current valuation. So, let’s get started.
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