Lease Signed for 100% of Riverwood Development in Columbia, Maryland (OFC, TITN)
[Titan Machinery Inc. financial results for the fiscal second quarter and first six months ended July 31, 2012]
Online PR News – 10-September-2012 –Corporate Office Properties Trust (NYSE:OFC) OFC has executed a lease with a strategic tenant for 115,000 square feet, encompassing all of its 7205 Riverwood Road development, plus an adjacent property (Riverwood). Riverwood is part of Rivers Corporate Park in Columbia, MD, located within a 10-mile radius of Fort Meade. The strategic tenant plans to occupy the property in late 2013 or early 2014. OFC is an office REIT that focuses primarily on strategic customer relationships and specialized tenant requirements in the U.S. Government and Defense Information Technology sectors and Data Centers serving such sectors. The Company acquires, develops, manages and leases office and data center properties that are typically concentrated in large office parks primarily located adjacent to government demand drivers and/or in strong markets that it believes possess growth opportunities. As of June 30, 2012, COPTs consolidated portfolio consisted of 228 office properties totaling 19.8 million rentable square feet. The Companys portfolio primarily consists of technically sophisticated buildings in visually appealing settings that are environmentally sensitive, sustainable and meet unique customer requirements. OFC is an S&P MidCap 400 company and more information can be found at www.copt.com.
Titan Machinery Inc. (Nasdaq:TITN) TITN reported today financial results for the fiscal second quarter and first six months ended July 31, 2012. For the second quarter of fiscal 2013, revenue increased 31.9% to $410.1 million from revenue of $310.8 million in the second quarter last year. For the six months ended July 31, 2012, revenue increased 32.2% to $831.8 million from $629.0 million for the same period last year. TITN, founded in 1980 and headquartered in West Fargo, North Dakota, is a multi-unit business with mature locations and newly-acquired locations. The Company owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The Titan Machinery network consists of 99 North American dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, and Colorado, including two outlet stores, as well as 12 European dealerships in Romania and Bulgaria. The Titan Machinery dealerships represent one or more of the CNH Brands (NYSE: CNH), a majority-owned subsidiary of Fiat Industrial (Milan: FI.MI), including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, Kobelco and CNH Capital. Additional information about TITN can be found at www.titanmachinery.com.
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