Corporate Office Properties Trust primarily serves the U.S. Government and its contractors in their mission-critical spacing needs relating primarily to defense and IT-related activities.
While the portfolio is comprised principally of office space, it is more insulated from the elevated non-renewal risks facing others in the sector.
The highly specialized nature of the properties has resulted in higher retention rates that are likely to remain sticky in future periods.
Rising geopolitical threats have increased the political pressure on maintaining or increasing current defense appropriations. This will serve as a continued tailwind for the company.
READ FULL ARTICLE HERE
