COPT swings to profit

Corporate Office Properties Trust, which has been selling non-core real estate to focus on government-related assets, reported fourth-quarter profit, compared to a net loss a year ago.

COPT ended the year with 208 office properties and 11 others under construction, and says it had the highest leasing volume in company history last year.

COPT had fourth-quarter net income of $12.4 million, or 15 cents per share, compared to a net loss of $89.5 million, or $1.26 per share, a year earlier. Funds from…