Corporate Office Properties Trust CEO Steve Budorick on Q4 2020 Results - Earnings Call Transcript

2/5/21

Corporate Office Properties Trust (NYSE:OFC) Q4 2020 Earnings Conference Call February 5, 2021 12:00 PM ET.

Good afternoon and thank you for joining us. 2020 was challenging but strong year for our company. We drive nearly 90% of our rents from the locations that support the defense activities in the United States government and its contractors engaged in national security defense information technology cybersecurity activities among others.

These missions are not correlated with the general economy and the work executed in these buildings never shuts done. Our strategy of concentrating buildings are on US defense installations executing priority missions is unique among REITs. Our performance during the economic uncertainty of 2020 and our outlook for this year demonstrates the strength of our unique investment strategy.

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