Corporate Office Properties Trust has provided guidance for its diluted FFO per share, COPT said Jan. 7.
â€œIn 2013, we completed our strategic repositioning initiatives, which greatly improved the quality of our portfolio and the strength of our balance sheet,â€ said Roger Waesche, Jr., COPT president and CEO.
The FFO for 2014 is in the range of $1.84âˆ’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.
â€œThe recent federal budget agreement provided Â certainty for defense spending levels and should support a normalized contract awarding process Â between the Department of Defense and defense contractors. We are well positioned, financially Â and geographically, to capitalize on new opportunities both within our strategic tenant niche and within our strategic markets in the greater Baltimore-Washington region,â€ he added.