COPT Declares Fourth Quarter 2016 Dividends

The Board of Trustees of Corporate Office Properties Trust ("COPT" or the "Company") (NYSE: OFC) declared a quarterly dividend of $0.275 per Common Share of beneficial interest for the fourth quarter 2016, payable on January 17, 2017, to shareholders of record on December 30, 2016.

For the Series K and L Preferred Shares of beneficial interest of the Company listed below, the Board of Trustees declared dividends for the period commencing October 15, 2016, and ending January 14, 2017, payable on January 17, 2017, to shareholders of record on December 30, 2016.
Preferred Share       Quarterly Dividend
Series K Cumulative Redeemable Preferred Share       $ 0.70
Series L Cumulative Preferred Share       $ 0.4609

Company Information

COPT is an office REIT that owns, manages, develops and selectively acquires office and data center properties primarily in locations that support United States Government agencies and their contractors, most of whom are engaged in national security, defense and information technology ("IT") related activities servicing priority missions ("Defense/IT Locations"). We also own a complementary portfolio of Class-A office properties located in select urban/urban-like submarkets within our regional footprint ("Regional Office Properties"). As of September 30, 2016, we derived 86% of core portfolio annualized revenue from Defense/IT Locations and 14% from Regional Office Properties. As of September 30, 2016, our core portfolio of 146 office properties encompassed 15.9 million square feet and was 94.4% leased.

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