Corporate Office Properties Trust Q4 Profit From Cont. Ops. Declines

(RTTNews) - Corporate Office Properties Trust (OFC) reported that its fourth-quarter income from continuing operations declined year-over-year to $14.43 million, from $16.50 million. Net income attributable to shareholders was $82.53 million or $0.94 per share, compared to $12.43 million or $0.16 per share, a year ago. Funds from operations per share, as adjusted for comparability, was $0.48, for the quarter.

Total revenues declined to $128.80 million, from $132.64 million, prior year.

Corporate Office Properties Trust affirmed its previously issued guidance for 2014 funds from operations per share, as adjusted for comparability, of $1.84-$1.92. The company issued first-quarter funds from operations per share guidance, as adjusted for comparability, in the range of $0.45-$0.47.