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COLUMBIA, MD-Corporate Office Property Trust delivered better-than-expected earnings for the first quarter of 2012, posting diluted funds from operations that were two cents above its guidance range. In a conference call with investors and analysts Friday morning, president and CEO Roger A. Waesche Jr., attributed the increase to the Mid-Atlantic’s mild winter and the resulting lower-than-budgeted property operating expenses, as well as higher-than-expected development fee income.

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