COPT Defense Properties (CDP)
| Market Cap | 3.70B |
| Revenue (ttm) | 779.51M |
| Net Income (ttm) | 155.51M |
| Shares Out | 115.06M |
| EPS (ttm) | 1.37 |
| PE Ratio | 23.45 |
| Forward PE | 23.84 |
| Dividend | $1.22 (3.80%) |
| Ex-Dividend Date | Mar 31, 2026 |
| Volume | 1,611,883 |
| Open | 33.29 |
| Previous Close | 32.32 |
| Day's Range | 31.53 - 33.29 |
| 52-Week Range | 25.21 - 32.99 |
| Beta | 0.88 |
| Analysts | Buy |
| Price Target | 34.57 (+7.63%) |
| Earnings Date | Apr 27, 2026 |
About CDP
COPT Defense Properties, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government defense installations and missions (referred to as its Defense/IT Portfolio). The Company’s tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of December 31, 2025, the Company’s Defense/IT... [Read more]
Financial Performance
In 2025, COPT Defense Properties's revenue was $766.73 million, an increase of 1.73% compared to the previous year's $753.66 million. Earnings were $151.69 million, an increase of 9.59%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for CDP stock is "Buy." The 12-month stock price target is $34.57, which is an increase of 7.63% from the latest price.
News
COPT Defense Properties Earnings Call Transcript: Q1 2026
FFO per share grew 6.2% year-over-year, with strong leasing, high occupancy, and a 4.9% dividend increase. Moody’s upgraded the credit rating to Baa2, and guidance was raised for FFO, NOI, retention, and investment. Defense budget growth supports a positive outlook.
COPT Defense Reports First Quarter 2026 Results
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the first quarter ended March 31, 2026. Management Comments Stephen E. Budor...
COPT Defense Provides Conference Call Details to Discuss Q1 2026 Results
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss first quar...
COPT Defense Properties Transcript: JPMorgan Industrials Conference 2026
A specialized REIT focused on mission-critical defense properties maintains high occupancy and near-perfect government tenant retention, with strong barriers to entry and robust growth prospects tied to major defense initiatives like Golden Dome and Space Command. Financial discipline, stable cash flows, and bipartisan defense support underpin recent credit upgrades and ongoing expansion plans.
COPT Defense to Present at J.P. Morgan's 2026 Industrials Conference
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company a...
COPT Defense Properties Transcript: Citi’s Miami Global Property CEO Conference 2026
A specialized REIT focused on high-security, mission-critical properties for U.S. defense, with over 90% of revenue from Defense/IT assets. Accelerated leasing is driven by the Golden Dome program, while development remains build-to-suit and self-funded. Dividend growth aligns with taxable income projections.
COPT Defense to Present at Citi's 2026 Global Property CEO Conference
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company a...
COPT Defense Increases Quarterly Dividend by 4.9%
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.32 per comm...
COPT Defense Properties Earnings Call Transcript: Q4 2025
FFO per share grew 5.8% in 2025, exceeding guidance, with strong leasing and occupancy gains. 2026 guidance projects continued growth despite higher financing costs, supported by robust development and a record U.S. defense budget.
COPT Defense Establishes 2026 Guidance
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) is establishing the following guidance for the year ending December 31, 2026: 2026 Guidance Dilute...
COPT Defense Reports Strong Full Year 2025 Results
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the fourth quarter and full year ended December 31, 2025. Management Comment...
COPT Defense Executes Full Building Lease with Top 10 U.S. Defense Contractor at 400 National Business Parkway
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a 148,000 square foot lease with a top 10 U.S. Defense contractor at 400 National Busines...
COPT Defense Announces Tax Treatment of 2025 Distributions
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced the 2025 tax treatment of its common share distributions as described below. Shareholder...
COPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a build-to-suit lease in January 2026 with a Defense/IT tenant in its Maryland portfolio....
COPT Defense Mourns the Death of Former Chief Executive Officer and Trustee, Roger A. Waesche, Jr.
COLUMBIA, Md.--(BUSINESS WIRE)--It is with great sadness that COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the passing of its former CEO and Trustee, Roger A. Waesch...
COPT Defense Executes 132,000 Square Foot Build-to-Suit Lease in San Antonio, Bringing New Investments in 2025 to $277 Million
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a build-to-suit lease in December 2025 with a Fortune 100 Company in San Antonio, Texas. ...
COPT Defense Completes 557,000 Square Feet of Vacancy Leasing in 2025, Exceeds Revised Target
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) completed 557,000 square feet of vacancy leasing in 2025, with a weighted-average lease term of ro...
COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2025 Results and Management's 2026 Outlook
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss fourth qua...
COPT Defense Executes 110,000 Square Foot Build-to-Suit Lease at the University of Maryland's Discovery District
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a build-to-suit lease in December 2025 with the University of Maryland's (UMD) Applied Re...
COPT Defense Properties (NYSE: CDP), President & CEO Steve Budorick Interviewed by Advisor Access
COPT Defense Properties: A Unique Specialty Real Estate Franchise Supporting National Defense COPT Defense Properties: A Unique Specialty Real Estate Franchise Supporting National Defense
COPT Defense Declares Fourth Quarter 2025 Common Dividend
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per com...
COPT Defense Properties Earnings Call Transcript: Q3 2025
FFO per share grew 6.2% year-over-year, with record leasing and tenant retention rates. Guidance for 2025 was raised across six key metrics, and $400 million in new financing was secured to support growth and pre-fund debt maturities.
COPT Defense Reports Third Quarter 2025 Results
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the third quarter ended September 30, 2025. Management Comments Stephen E. B...
COPT Defense Acquires 142,000 Square Foot Building in Chantilly, VA
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced the acquisition of Stonegate I, a 142,000 square foot Class A office building at 15050 C...
COPT Defense Provides Conference Call Details to Discuss 3Q 2025 Results
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss third quar...