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Corporate Office Properties Trust Inc.

COPT's third quarter loss narrows

COPT's third quarter loss narrows

Corporate Office Properties Trust, a Columbia-based real estate investment trust, announced Friday that it loss in the third quarter narrowed from last year. The $7.45 million loss in the three months ended Sept. 30 was much lower than the $27.5 million it lost a year earlier. On a per share basis, it lost 9 cents, down from 39 cents. Quarterly revenues rose 5 percent to $136 million. COPT focuses on office real estate leased by the federal government and defense contractors in the greater Washington/Baltimore region. Its portfolio included 210 office properties totaling 19.2 million rentable square feet that was 89.7 percent leased as of Sept. 30. "Looking ahead, we expect stable...