COLUMBIA, Md. (AP) — COLUMBIA, Md. (AP) — COPT Defense Properties (CDP) on Thursday reported a key measure of profitability in its third quarter.
The Columbia, Maryland-based real estate investment trust said it had funds from operations of $80.1 million, or 69 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $41.7 million, or 37 cents per share.
The real estate investment trust specializing in suburban office properties, based in Columbia, Maryland, posted revenue of $188.8 million in the period.
COPT Defense expects full-year funds from operations to be $2.69 to $2.71 per share.
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