Corporate Office Properties Named to 'America's 100 Fastest-growing Small Companies' List by Fortune Small Business Magazine.Business Editors COLUMBIA, Md.--(BUSINESS WIRE)--June 29, 2001 Maryland-headquartered company earns No.1 ranking for revenue growth over the past three years Corporate Office Properties Trust Corporate Office Properties Trust Inc. (COPT) (NYSE: OFC) is a publicly-traded real estate investment trust (REIT) corporation that specializes in office development, and describes itself as "a fully integrated, self-managed real estate investment trust that focuses on the (NYSE NYSE See: New York Stock Exchange :OFC OFC Office OFC Officer OFC Of Course OFC Oxygen Free Copper OFC Oceania Football Confederation (soccer) OFC Optical Fiber Cable OFC Optical Fiber Communications OFC Optical Fiber Conference ) has been named to the "America's 100 Fastest-Growing Small Companies" list, as compiled by Fortune Small Business magazine. The real estate investment trust - which achieved a 40th place ranking - was one of four Maryland-based companies to be named to the list. Corporate Office Properties placed first, among the companies, with a 178.1% revenue growth over the past three years. The listings, based on information gathered by Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , ranked public companies with revenues less than $200 million for 2000. Companies needed to be traded on a major stock exchange and must have been in business for at least three years. Three financial criteria were utilized: earnings growth, revenue growth and total stock return including dividends. "Corporate Office Properties' inclusion in this independent survey further validates the results of our focused real estate strategy," stated Randall M. Griffin, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Corporate Office Properties. "We have been extremely successful - in a relatively short period of time - in becoming the dominant owner (Law) one who owns lands on which there is an easement owned by another. - Bouvier. See also: Dominant of Class A office space in several major mid-Atlantic marketplaces. We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to be named to Fortune Small Business magazine's prestigious list." Corporate Office Properties was one of only three real estate investment trusts to be named to the list and was the highest ranking REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). in the survey. Company Information Corporate Office Properties Trust is a fully-integrated, self-managed real estate investment trust, which focuses on the ownership, development, management and acquisition of suburban office properties located in targeted suburban submarkets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company presently owns 90 office properties totaling 6.9 million square feet of space, including five properties held in a joint venture. Corporate Development Services, the Company's development company, provides a wide range of development and construction management services. In addition, Corporate Office Services provides land planning, design/build services, consulting and merchant development to third-party entities. For more information, visit Corporate Office Properties' website at http://www.copt.com. Forward-Looking Information This press release contains forward-looking information based upon the Company's current best judgement and expectations. Actual results could vary from those presented herein. The risks and uncertainties associated with the forward-looking information include the strength of the commercial office real estate market in which the Company operates, competitive market conditions, general economic growth, interest rates and capital market conditions. For further information, please refer to the Company's filings with the Securities and Exchange Commission. |
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