COPT Sells $18.6M of Non-Strategic Land; Realized Gross Proceeds Of $18.6M

Corporate Office Properties Trust (COPT or the Company)

announces that it has sold 56 acres of non-strategic land in the White Marsh submarket of Greater Baltimore. The Company realized gross proceeds of $18.6 million and, in the quarter ending March 31, 2015, will recognize GAAP gains on sales of approximately $4.0 million. The gains will be included in FFO per share per NAREIT, but excluded in the Company's calculation of FFO per share, as adjusted for comparability. The Company's remaining non-strategic land holdings have a book value of $45.6 million.