Corporate Office Properties Trust

8815 Centre Park Dr., Suite 400

Year founded: 1988

Industry: Real Estate

Post 200 Category: Top 125 Companies

Revenue: $243.48 Million

Net Income/Loss: $37.03 Million

Earnings per share: $0.54

Dividend: $0.98

Stockholder equity: $521.92 Million

Auditor: PricewaterhouseCoopers LLP

Stock: OFC

Assets: $1.73 Billion

Market capitalization: $951.51 Million

52-week high: 29.37 12/31/2004

52-week low: 19 5/10/2004

CEO: Clay W. Hamlin

President and COO: Randall M. Griffin

Employees: 225

Local employees: 200

Description: Corporate Office Properties Trust builds and manages about 12 million square feet of office buildings in the suburbs of Baltimore and Washington.

Developments: Corporate Office said its revenue was $243.5 million, up from $206.2 million the year before. Randall M. Griffin, president of Corporate Office, said 47 percent of the company's revenue in 2004, almost double the percentage of the year before, was from intelligence and defense contractors. The company said it has leased much of the almost 2 million square feet of space at its huge complex, the National Business Park in Anne Arundel County, to government contractors such as General Dynamics Corp., Northrop Grumman Corp. and Lockheed Martin Corp. In Northern Virginia, Corporate Office has become one of the largest landlords with its 1.1 million square feet at the Westfields complex in Chantilly, and it recently bought another 19 acres. The company spent $264 million last year buying buildings in the Washington area, compared with $165 million in 2003. It also has a contract to buy 600 acres of land at Fort Ritchie in Washington County where it wants to build 1.7 million square feet of new offices and residential units for government contractors. This year, it plans to buy $200 million worth of property in Tysons Corner, the Interstate 270 corridor and in New Jersey and Pennsylvania.