COPT Defense Properties (CDP) 2010年年度报告「NYSE」.pdf

1、 ANNUAL REPORT2010Sharpening Our StrategyCORPORATE OFFICE PROPERTIES TRUST2Dear Fellow Shareholders,As we finish a challenging 2010,we are pleased to report that COPT weathered the difficulties facing our industry,emerging stronger and well positioned for the future.Winston Churchill once said,“Diff

2、iculties mastered are opportunities won.”This summarizes 2010 well.The economy presented us with significant and complicated challenges,typical for this phase of a recessionary cycle,but much more severe.As a result,2010 was not a year of record shareholder returns or soaring share prices,but what w

3、e did accomplish will be more valuable in the long term:we are well capitalized with strong leasing momentum,we created new development projects,and excellent development activity is underway.We are ready to take full advantage as the economy rebounds and our tenants requirements grow.During 2010,we

4、 focused on minimizing the effects of the economic downturn by working hard to maintain our outstanding level of customer service,enhance our brand,further our commitment to sustainability and strengthen our team.The results were evidentrecord dividends,record leasing,record development placed into

5、service and record hiringbut there is much left to be done.We raised our dividend for the 13th year in a row,achieving a total increase of 222%since 1997.We leased 4.3 million square feet of space,a Company record and 1.1 million square feet more than in our previous best year in 2008.We acquired$31

6、7 million of strategic,high quality assets($202 million of office space and a$115 million wholesale data center).We started construction on 732,000 square feet of development,all focused on the U.S.Government and Defense Information Technology(IT)sectors and Data Centers serving such sectors,and pla