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Corporate Office Properties Trust Rebrands With New Name 

Corporate Office Properties Trust (COPT) has announced that it will change its name to COPT Defense Properties (CDP) and its ticker symbol on the New York Stock Exchange from “OFC” to “CDP” effective September 15, 2023.  

COPT has been concentrating its real estate portfolio on properties proximate to or containing priority National Defense missions and mission-critical operations. The acronym “COPT” will still be used as a proper name due to its brand value with defense customers. 

“We decided to change the Company name to COPT Defense Properties to align our name with our investment strategy, and better inform current and future investors of our commitment to our strategy, and the differentiated investment benefits that we believe our strategy has and will continue to deliver to shareholders,” said Stephen E. Budorick, president & chief executive officer. 


Inside The Story

Stephen E. Budorick

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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