COPT Defense Properties (CDP) 2004年年度报告「NYSE」.pdf

1、where ourtake usrelationships2004 ANNUAL REPORTCORPORATE OFFICE PROPERTIESCorporate Office Properties Trust(COPT)is a fully integrated,self-managed real estate investment trust(REIT)that focuses on the ownership,management,leasing,acquisition anddevelopment of suburban officeproperties primarily in

2、select Mid-Atlanticsubmarkets.The Company is among the largest owners of suburban officeproperties in the Greater Washington,DC region.As of March 15,2005,theCompany owned 145 office propertiestotaling 12 million rentable square feet.The Company has implemented a corecustomer expansion strategy that

3、 is builtaround meeting,through acquisitionsand development,the multi-locationrequirements of the Companys existingstrategic tenants.The Companysproperty management services teamprovides comprehensive property andasset management to company ownedproperties and select third party clients.The Companys

4、 development andconstruction services team provides a wide range of development andconstruction management services forcompany owned properties,as well asland planning,design/build services,consulting and merchant developmentto select third party clients.FINANCIAL HIGHLIGHTSDollars in thousands,exce

5、pt per share data20002001200220032004OPERATING DATARevenues from Real Estate Operations$105,142$121,663$150,335$174,423$214,573Diluted Funds from Operations37,35143,00152,85461,26876,248Total Assets794,837994,8961,138,7211,332,0761,732,026Total Equity Market Capitalization352,773493,768591,9631,017,

6、8321,510,254PER SHARE DATAFunds from Operations$1.16$1.28$1.44$1.56$1.74Common Dividends0.780.820.860.910.98PROPERTY PORTFOLIONumber of Properties Owned8398110119145Rentable Square Feet Owned(in 000s)6,4737,8018,94210,03311,978TTTTTTTCorporate Office Properties TrustTTTTTTTMorgan Stanley REIT IndexT