The real estate investment trust specializing in suburban office properties posted revenue of $145.8 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $154.1 million.
For the current quarter ending in July, Corporate Office Properties expects its per-share funds from operations to range from 48 cents to 50 cents.
The company expects full-year funds from operations in the range of $2.05 to $2.09 per share.
The company’s shares have declined 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.32, a decline of almost 5% 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