COPT Defense Properties (CDP)
NYSE: CDP · Real-Time Price · USD
32.37
-0.25 (-0.77%)
Mar 5, 2026, 4:00 PM EST - Market closed

COPT Defense Properties Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Rental Revenue
714.18671.37619.85580.17553.67
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Other Revenue
52.5582.364.87160.6111.87
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Total Revenue
766.73753.66684.72740.77665.54
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Revenue Growth (YoY
1.73%10.07%-7.57%11.30%13.93%
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Property Expenses
323.89339.27304.8377.39317.43
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Selling, General & Administrative
47.8447.0442.7738.9940.77
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Depreciation & Amortization
161.83153.64148.95141.23137.54
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Total Operating Expenses
533.56539.94496.52557.61495.75
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Operating Income
233.17213.72188.2183.16169.79
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Interest Expense
-86.66-82.15-71.14-61.17-65.4
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Interest & Investment Income
9.9512.2813.29.347.88
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Other Non-Operating Income
0.820.38-0.53-0.271.13
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EBT Excluding Unusual Items
157.28144.23129.73131.06113.4
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Gain (Loss) on Sale of Assets
3.35-49.3919.2565.59
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Asset Writedown
---252.8--
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Other Unusual Items
-0.15--0.08-0.61-100.63
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Pretax Income
160.48144.23-73.76149.778.37
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Income Tax Expense
0.950.290.590.450.15
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Earnings From Continuing Operations
159.53143.94-74.35149.2578.22
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Earnings From Discontinued Operations
---29.573.36
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Net Income to Company
159.53143.94-74.35178.8281.58
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Minority Interest in Earnings
-7.22-5.010.88-5.79-5.04
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Net Income
152.32138.93-73.47173.0376.54
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Preferred Dividends & Other Adjustments
0.620.511.20.450.47
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Net Income to Common
151.69138.42-74.67172.5876.07
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Net Income Growth
9.63%--126.06%-21.39%
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Basic Shares Outstanding
113112112112112
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Diluted Shares Outstanding
113113112113112
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Shares Change (YoY)
0.36%0.64%-0.39%0.18%0.30%
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EPS (Basic)
1.351.23-0.671.540.68
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EPS (Diluted)
1.341.23-0.671.530.68
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EPS Growth
9.26%--126.44%-21.87%
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Dividend Per Share
1.2201.1801.1401.1001.100
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Dividend Growth
3.39%3.51%3.64%--
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Operating Margin
30.41%28.36%27.49%24.73%25.51%
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Profit Margin
19.78%18.37%-10.90%23.30%11.43%
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EBITDA
396.87369.74339.6326.75320.44
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EBITDA Margin
51.76%49.06%49.60%44.11%48.15%
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D&A For Ebitda
163.7156.02151.4143.59150.64
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EBIT
233.17213.72188.2183.16169.79
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EBIT Margin
30.41%28.36%27.49%24.73%25.51%
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Funds From Operations (FFO)
313.22294.37---
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FFO Per Share
2.722.57---
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Adjusted Funds From Operations (AFFO)
233.93220.07---
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AFFO Per Share
2.031.93---
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FFO Payout Ratio
43.61%44.79%---
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Effective Tax Rate
0.59%0.20%-0.30%0.18%
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Revenue as Reported
763.92753.27684.98739.03664.45
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Source: S&P Capital IQ. Real Estate template. Financial Sources.