Corporate Office Properties Trust Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenue of $200,164,000 compared to $191,088,000 for the same period last year. Operating income was $34,708,000 compared to $35,891,000 for the same period last year. Income from continuing operations before equity in loss of unconsolidated entities and income taxes was $16,341,000 compared to $13,947,000 for the same period last year. Income from continuing operations was $15,536,000 compared to $13,793,000 for the same period last year. Net income attributable to the company common shareholders was $10,430,000 or $0.18 diluted per share compared to $8,221,000 or $0.17 diluted per share for the same period last year. Funds from operations were $42,408,000 compared to $39,533,000 for the same period last year. Diluted adjusted funds from operations available to common share and common unit holders were $27.8 million as compared to $25.5 million for the third quarter 2008. For the nine months, the company reported total revenue of $590,939,000 compared to $419,074,000 for the same period last year. Operating income was $107,136,000 compared to $101,129,000 for the same period last year. Income from continuing operations before equity in loss of unconsolidated entities and income taxes was $52,997,000 compared to $36,473,000 for the same period last year. Income from continuing operations was $51,753,000 compared to $36,204,000 for the same period last year. Net income attributable to the company common shareholders was $35,165,000 or $0.62 diluted per share compared to $23,046,000 or $0.47 diluted per share for the same period last year. Funds from operations were $134,145,000 compared to $113,220,000 for the same period last year. Diluted AFFO increased 31% to $97.4 million from $74.5 million for the first nine months of 2008.

Corporate Office Properties Trust Inc. announced that its board of trustees has declared a quarterly dividend of $0.3925 per Common Share of beneficial interest for the third quarter 2009. This represents a 5.4% increase from the previous $0.3725 per share quarterly dividend. The dividend will be paid on October 15, 2009 to shareholders of record on September 30, 2009. The board of trustees declared a dividend for the period commencing July 15, 2009 and ending October 14, 2009 of $0.50 per Series G Cumulative Redeemable Preferred Share of beneficial interest of the company, payable on October 15, 2009 to shareholders of record on September 30, 2009. The board of trustees declared a dividend for the period commencing July 15, 2009 and ending October 14, 2009 of $0.4688 per Series H Cumulative Redeemable Preferred Share of beneficial interest of the company, payable on October 15, 2009 to shareholders of record on September 30, 2009. The board of trustees declared a dividend for the period commencing July 15, 2009 and ending October 14, 2009 of $0.4766 per Series J Cumulative Redeemable Preferred Share of beneficial interest of the company, payable on October 15, 2009 to shareholders of record on September 30, 2009. The board of trustees declared a dividend for the period commencing July 15, 2009 and ending October 14, 2009 of $0.70 per Series K Cumulative Redeemable Convertible Preferred Share of beneficial interest of the company, payable on October 15, 2009 to shareholders of record on September 30, 2009.

Corporate Office Properties Trust Inc. - Conference Presentation Calls