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. The company is 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.
Stephen E. Budorick, President & Chief Executive Officer of COPT stated: “We decided to change the Company’s name in order for it better reflect our investment strategy and inform current and future investors of our commitment towards delivering differentiated investment benefits.”
