Corporate Office Properties Trust


Corporate Office Properties Trust is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2019, the company owned 148 office buildings comprising 15.4 million square feet and 22 single-tenant data centers comprising 3.7 million square feet.

Tenants

The company's largest tenants are as follows:
RankTenant% of total 2019 revenue
1General Services Administration34.6%
2Vadata 7.9%
3General Dynamics4.9%
4Boeing3.2%
5CACI2.5%
6Northrop Grumman2.2%
7CareFirst BlueCross BlueShield2.1%
8Booz Allen Hamilton2.1%
9Wells Fargo1.3%
10AT&T Corporation1.3%

History

The company was founded in 1988 by Clay W. Hamlin III as Royale Investments, Inc. It became a public company via an initial public offering in 1991.