The real estate investment trust specializing in suburban office properties posted revenue of $175.1 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $137.3 million.
For the current quarter ending in October, Corporate Office Properties expects its per-share funds from operations to range from 49 cents to 51 cents.
The company expects full-year funds from operations in the range of $2.01 to $2.05 per share.
The company’s shares have risen 28% since the beginning of the year. In the final minutes of trading on Monday, shares hit $27.01, a fall of almost 10% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OFC at https://www.zacks.com/ap/OFC