"We have completed the portfolio repositioning and balance sheet improvements that diluted results in recent years," said
The firm, which caters to government and defense-related tenants, saw earnings per share hit
Fourth quarter funds from operations per share was
"We forecast that the second quarter will mark the bottom of our [Funds From Operations] per share and quarterly results will rebuild thereafter," Waesche said in an conference call Friday.
COPT has been shedding properties since 2011, in an effort to refocus on buildings serving tenants related to the government, particularly defense. In April, 2011, the company owned 252 office properties. It owned 183 properties at the end of 2013.
In trading Friday, shares of the real estate investment trust rose almost 3 percent, up
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