COPT reported strong demand throughout Defense/IT Locations, translating into record leasing for new developments and near-record leasing with the U.S. Government. 2.2 million square feet of development leasing exceeded the prior annual record. The company is positioned to deliver 1.5%-3.5% FFO per share growth in 2020, and robust FFO growth in 2021.
Diluted earnings per share was $0.38.
FFOPS, as adjusted for comparability, was $0.50.
Core portfolio of 168 operating office and data center shell properties was 93.1% occupied and 94.6% leased.
Same-property cash NOI increased 6.2%.
Company is positioned to deliver 1.5%-3.5% FFO per share growth in 2020, and robust FFO growth in 2021.
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