CDP

COPT Defense Properties

33.35

Oct 30 • 3:59 PM ET -0.90 (-2.63%)

33.35

Aftermarket • 7:30 PM ET 0.00 (0.00%)

Real Estate REIT - Office USA Mid NYSE

Oct 30, 1:43 PMCOPT Defense beats Q3 FFO and revenue, raises 2026 FFO guidance to $2.80 on strong defense leasing demand

Peers: DEA BXP CUZ HIW ARE KRC PSTL PDM VNO JBGS

| Held by: DES RSSL FYC LOWV EES LVHD FYX AUSF SIXL ISMD

Scroll to Statements

Index	RUT
Market Cap	7.54B
Enterprise Value	10.22B
Income	169.69M
Sales	804.14M
Book/sh	13.61
Cash/sh	0.11
Dividend Est.	1.28 (3.83%)
Dividend TTM	1.26 (3.79%)
Dividend Ex-Date	Sep 30, 2026
Dividend Gr. 3/5Y	3.51% 2.09%
Payout	91.01%
Employees	430
IPO	Dec 31, 1991

P/E	22.57
Forward P/E	22.59
PEG	3.67
P/S	9.38
P/B	2.45
P/C	310.84
P/FCF	26.90
EV/EBITDA	24.71
EV/Sales	12.70
Quick Ratio	1.72
Current Ratio	1.37
Debt/Eq	1.70
LT Debt/Eq	1.70
Option/Short	Yes / Yes

EPS (ttm)	1.48
EPS next Y	1.48
EPS next Q	0.36
EPS this Y	7.87%
EPS next Y	2.15%
EPS next 5Y	6.16%
EPS past 3/5Y	1.58% 9.15%
Sales past 3/5Y	1.11% 5.58%
EPS Y/Y TTM	13.52%
Sales Y/Y TTM	7.22%
EPS Q/Q	11.65%
Sales Q/Q	10.57%
Earnings	Oct 29 AMC
EPS/Sales Surpr.	16.98% 1.60%

Insider Own	0.31%
Insider Trans	-4.85%
Inst Own	115.38%
Inst Trans	-1.53%
ROA	3.81%
ROE	11.16%
ROIC	4.09%
Gross Margin	36.49%
Oper. Margin	30.24%
Profit Margin	21.10%
SMA20	-0.48%
SMA50	-3.28%
SMA200	-0.71%
Trades

Shs Outstand	113.42M
Shs Float	113.06M
Short Float	8.97%
Short Ratio	12.19
Short Interest	10.14M
52W High	38.90 -14.27%
52W Low	27.06 23.27%
Volatility	2.91% 1.97%
ATR (14)	0.79
RSI (14)	44.80
Beta	0.81
Rel Volume	1.43
Avg Volume	832.31K
Volume	1,192,390

Perf Week	-1.71%
Perf Month	0.24%
Perf Quarter	-11.16%
Perf Half Y	7.55%
Perf YTD	19.96%
Perf Year	22.07%
Perf 3Y	45.44%
Perf 5Y	22.97%
Perf 10Y	26.66%
Recom	1.75
Target Price	39.62
Prev Close	34.25
Price	33.35
Change %	-2.63%

Consensus

Buy

Avg. Price Target

$39.62

Implied Upside

+18.8%

Analysts13incl. previous ratings

Rating Distribution8 Buy · 4 Hold · 1 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Oct 01, 2025	Initiated	CCantor Fitzgerald	Overweight	$35	+4.9%
Mar 17, 2025	Initiated	JJefferies	Buy	$31	-7.0%
Mar 22, 2024	Downgrade	CCitigroup	Buy → Neutral	$29 → $25	-25.0%
Feb 21, 2024	Upgrade	JJefferies	Hold → Buy	$26 → $28	-16.0%
Feb 12, 2024	Upgrade	EEvercore ISI	In-line → Outperform	$27 → $28	-16.0%
Dec 18, 2023	Downgrade	JJP Morgan	Overweight → Neutral	$26	-22.0%
Oct 03, 2023	Initiated	WWedbush	Outperform	$27	-19.0%
Sep 14, 2022	Downgrade	TTruist	Buy → Hold	$30 → $28	-16.0%
Jun 23, 2022	Downgrade	EEvercore ISI	Outperform → In-line
Jan 13, 2022	Downgrade	KKeyBanc Capital Markets	Sector Weight → Underweight	$24	-28.0%
Jan 10, 2022	Downgrade	JJefferies	Buy → Hold	$34 → $30	-10.0%
Mar 15, 2021	Upgrade	TTruist	Hold → Buy
Jan 11, 2021	Upgrade	MMizuho	Neutral → Buy	$27 → $30	-10.0%
Dec 15, 2020	Upgrade	CCitigroup	Neutral → Buy	$24 → $30	-10.0%
Dec 10, 2020	Upgrade	WWells Fargo	Equal Weight → Overweight	$26 → $30	-10.0%
Oct 27, 2020	Upgrade	RRaymond James	Mkt Perform → Outperform	$28	-16.0%
Aug 13, 2020	Downgrade	RRobert W. Baird	Outperform → Neutral	$28	-16.0%
Jul 09, 2020	Upgrade	KKeyBanc Capital Markets	Underweight → Sector Weight
Jul 02, 2020	Upgrade	JJP Morgan	Neutral → Overweight	$26 → $29	-13.0%
Apr 06, 2020	Upgrade	BBofA/Merrill	Neutral → Buy	$23 → $29	-13.0%

Oct-30-26 04:27PM	COPT Defense Beats And Raises Again, But Slowing FFO Growth And A New Rate Headwind Complicate A Strong Defense-Demand Story (Earnings Whispers)
Oct-29-26 04:55PM	COPT Defense: Q3 Earnings Snapshot (Associated Press)
04:16PM	COPT Defense Reports Third Quarter 2026 Results (Business Wire)
Oct-21-26 06:24PM	COPT Defense Faces A Show-Me Quarter As Defense Momentum Meets A Sliding Stock (Earnings Whispers)
Oct-01-26 04:16PM	COPT Defense Provides Conference Call Details to Discuss 3Q 2026 Results (Business Wire)
04:16PM	Loading…
Sep-09-26 04:16PM	COPT Defense Provides an Update on Leasing Activity and Capital Commitments to New Investments (Business Wire)
Aug-13-26 04:16PM	COPT Defense Declares Third Quarter 2026 Common Dividend (Business Wire)
Jul-28-26 07:01PM	COPT Defense Properties (CDP) Q2 2026 Earnings Call Highlights: Strong Growth and Strategic ... (GuruFocus.com)
Jul-27-26 04:26PM	COPT Defense: Q2 Earnings Snapshot (Associated Press)
04:16PM	COPT Defense Reports Second Quarter 2026 Results (Business Wire)
Jul-01-26 04:16PM	COPT Defense Provides Conference Call Details to Discuss 2Q 2026 Results (Business Wire)
Jun-24-26 02:27PM	Office Stocks Rebound After AI Fears Fade (Barrons.com)
May-27-26 04:16PM	COPT Defense to Present at Nareit's REITweek: 2026 Investor Conference (Business Wire)
May-14-26 04:16PM	COPT Defense Declares Second Quarter 2026 Common Dividend (Business Wire)
Apr-29-26 03:08AM	COPT Defense Properties (CDP) Q1 2026 Earnings Call Highlights: Strong FFO Growth and Strategic ... (GuruFocus.com)
04:28PM	Loading…
Apr-27-26 04:28PM	COPT Defense: Q1 Earnings Snapshot (Associated Press)
04:16PM	COPT Defense Reports First Quarter 2026 Results (Business Wire)
Mar-31-26 04:16PM	COPT Defense Provides Conference Call Details to Discuss Q1 2026 Results (Business Wire)
Mar-10-26 09:10AM	3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income (Zacks)
Mar-09-26 04:16PM	COPT Defense to Present at J.P. Morgan's 2026 Industrials Conference (Business Wire)
Mar-04-26 12:00PM	COPT Defense (CDP) Upgraded to Buy: Here's Why (Zacks)
Feb-25-26 04:16PM	COPT Defense to Present at Citi's 2026 Global Property CEO Conference (Business Wire)
Feb-19-26 04:16PM	COPT Defense Increases Quarterly Dividend by 4.9% (Business Wire)
Feb-06-26 06:01PM	COPT Defense Properties (CDP) Q4 2025 Earnings Call Highlights: Strong Financial Performance ... (GuruFocus.com)
05:33PM	COPT Defense Properties Q4 Earnings Call Highlights (MarketBeat)
Feb-05-26 06:00PM	COPT Defense (CDP) Tops Q4 FFO and Revenue Estimates (Zacks)
05:08PM	COPT Defense: Q4 Earnings Snapshot (Associated Press Finance)
04:18PM	COPT Defense Establishes 2026 Guidance (Business Wire)
04:17PM	COPT Defense Reports Strong Full Year 2025 Results (Business Wire)
04:16PM	COPT Defense Executes Full Building Lease with Top 10 U.S. Defense Contractor at 400 National Business Parkway (Business Wire)
04:16PM	Loading…
Jan-28-26 04:16PM	COPT Defense Announces Tax Treatment of 2025 Distributions (Business Wire)
Jan-15-26 04:16PM	COPT Defense Executes 236,000 Square Foot Build-to-Suit Lease in its Maryland Portfolio (Business Wire)
Jan-12-26 04:16PM	COPT Defense Mourns the Death of Former Chief Executive Officer and Trustee, Roger A. Waesche, Jr. (Business Wire)
Jan-08-26 04:16PM	COPT Defense Executes 132,000 Square Foot Build-to-Suit Lease in San Antonio, Bringing New Investments in 2025 to $277 Million (Business Wire)
Jan-07-26 04:16PM	COPT Defense Completes 557,000 Square Feet of Vacancy Leasing in 2025, Exceeds Revised Target (Business Wire)
08:30AM	COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2025 Results and Management's 2026 Outlook (Business Wire)
Jan-06-26 04:16PM	COPT Defense Executes 110,000 Square Foot Build-to-Suit Lease at the University of Maryland's Discovery District (Business Wire)
Dec-15-25 12:00PM	COPT Defense (CDP) Upgraded to Buy: Here's What You Should Know (Zacks)
Nov-13-25 04:16PM	COPT Defense Declares Fourth Quarter 2025 Common Dividend (Business Wire)
Oct-31-25 07:01PM	COPT Defense Properties (CDP) Q3 2025 Earnings Call Highlights: Record Leasing Rates and ... (GuruFocus.com)
Oct-30-25 06:30PM	COPT Defense (CDP) Reports Q3 Earnings: What Key Metrics Have to Say (Zacks)
05:55PM	COPT Defense (CDP) Surpasses Q3 FFO and Revenue Estimates (Zacks)
04:48PM	COPT Defense: Q3 Earnings Snapshot (Associated Press Finance)
04:16PM	COPT Defense Reports Third Quarter 2025 Results (Business Wire)
04:15PM	COPT Defense Acquires 142,000 Square Foot Building in Chantilly, VA (Business Wire)
Oct-29-25 05:25PM	Ventas (VTR) Q3 FFO and Revenues Top Estimates (Zacks)
Oct-27-25 11:45AM	Why COPT Defense (CDP) is a Top Dividend Stock for Your Portfolio (Zacks)
Oct-10-25 11:45AM	COPT Defense (CDP) is a Top Dividend Stock Right Now: Should You Buy? (Zacks)
Oct-01-25 04:16PM	COPT Defense Provides Conference Call Details to Discuss 3Q 2025 Results (Business Wire)
Sep-30-25 02:04PM	Analyst Sees Growth Potential as COPT Defense (CDP) Delivers Steady Cash Flows (Insider Monkey)
Sep-24-25 11:45AM	This is Why COPT Defense (CDP) is a Great Dividend Stock (Zacks)
Sep-23-25 04:54PM	COPT Defense Prices $400 Million of 4.500% Senior Notes due 2030 (Business Wire)
Sep-09-25 04:16PM	COPT Defense to Present at the BofA Securities 2025 Global Real Estate Conference (Business Wire)
Aug-22-25 11:45AM	Are You Looking for a High-Growth Dividend Stock? (Zacks)
Aug-14-25 04:16PM	COPT Defense Declares Third Quarter 2025 Common Dividend (Business Wire)
Aug-06-25 11:45AM	Why COPT Defense (CDP) is a Great Dividend Stock Right Now (Zacks)
Jul-30-25 03:17AM	COPT Defense Properties (CDP) Q2 2025 Earnings Call Highlights: Record Leasing and Strategic ... (GuruFocus.com)
Jul-28-25 07:30PM	COPT Defense (CDP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates (Zacks)
05:35PM	COPT Defense (CDP) Q2 FFO and Revenues Beat Estimates (Zacks)
04:31PM	COPT Defense: Q2 Earnings Snapshot (Associated Press Finance)
04:16PM	COPT Defense Reports Second Quarter 2025 Results (Business Wire)
Jul-21-25 11:45AM	Why COPT Defense (CDP) is a Top Dividend Stock for Your Portfolio (Zacks)
Jul-15-25 10:33AM	Do Options Traders Know Something About COPT Defense Stock We Don't? (Zacks)
Jul-04-25 12:00PM	All You Need to Know About COPT Defense (CDP) Rating Upgrade to Buy (Zacks)
11:45AM	COPT Defense (CDP) is a Top Dividend Stock Right Now: Should You Buy? (Zacks)
09:10AM	Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks (Zacks)
Jul-02-25 10:12PM	Truist Lifts COPT Defense Properties (CDP) PT to $30 (Insider Monkey)
Jul-01-25 04:16PM	COPT Defense Provides Conference Call Details to Discuss 2Q 2025 Results (Business Wire)
Jun-20-25 05:17AM	OneFootball Announces Community Presale Of 'OneFootball Credits' ($OFC) (PR Newswire)
May-28-25 04:16PM	COPT Defense to Present at Nareit's REITweek: 2025 Investor Conference (Business Wire)
May-20-25 04:16PM	COPT Defense Declares Second Quarter 2025 Common Dividend (Business Wire)
Apr-30-25 03:15AM	COPT Defense Properties (CDP) Q1 2025 Earnings Call Highlights: Strong Operational Performance ... (GuruFocus.com)
Apr-29-25 04:36PM	COPT Defense Properties (CDP) Q1 2025 Earnings Call Transcript (Seeking Alpha)
Apr-28-25 06:30PM	COPT Defense (CDP) Reports Q1 Earnings: What Key Metrics Have to Say (Zacks)
05:50PM	COPT Defense (CDP) Q1 FFO Match Estimates (Zacks)
04:33PM	COPT Defense Reports First Quarter 2025 Results (Business Wire)
04:16PM	COPT Defense Executes Two Investment Leases in Redstone Gateway Totaling 55,000 SF, Bringing Total Portfolio Year-to-Date Investment Leasing to 103,000 SF (Business Wire)
Apr-23-25 09:15AM	What Analyst Projections for Key Metrics Reveal About COPT Defense (CDP) Q1 Earnings (Zacks)
Apr-20-25 09:00AM	Powell On The Hot Seat (Seeking Alpha)
Apr-03-25 04:16PM	COPT Defense Provides Conference Call Details to Discuss 1Q 2025 Results (Business Wire)
Mar-27-25 12:03PM	ClearBridge Small Cap Fund Q4 2024 Commentary (SeekingAlpha)
Mar-07-25 05:55AM	COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks (Benzinga)
Mar-03-25 06:00AM	COPT Defense Executes 48,000 SF Lease with a Top 10 U.S. Defense Contractor at Franklin Center in Columbia Gateway (Business Wire)
Feb-26-25 08:50AM	COPT Defense Properties (CDP): Among the Most Oversold Data Center Stocks to Buy According to Analysts (Insider Monkey)
Feb-25-25 04:16PM	COPT Defense to Present at Citis 2025 Global Property CEO Conference (Business Wire)
Feb-20-25 04:16PM	COPT Defense Increases Quarterly Dividend by 3.4% (Business Wire)
Feb-08-25 02:09AM	COPT Defense Properties (CDP) Q4 2024 Earnings Call Highlights: Record Tenant Retention and ... (GuruFocus.com)
Feb-06-25 05:50PM	COPT Defense (CDP) Q4 FFO Miss Estimates (Zacks)
04:17PM	COPT Defense Establishes 2025 Guidance (Business Wire)
04:16PM	COPT Defense Reports Strong Full Year 2024 Results (Business Wire)
07:10AM	COPT Defense Properties (CDP) Q4 2024 Earnings Report Preview: What To Look For (GuruFocus.com)
Feb-05-25 07:08AM	COPT Defense Properties (CDP) Q4 2024: Everything You Need To Know Ahead Of Earnings (GuruFocus.com)
Jan-28-25 11:32AM	Is COPT Defense Properties (CDP) a Good Data Center Stock to Buy? (Insider Monkey)
Jan-22-25 04:16PM	COPT Defense Announces Tax Treatment of 2024 Distributions (Business Wire)
Jan-08-25 04:16PM	COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2024 Results and Managements 2025 Outlook (Business Wire)
Nov-19-24 01:30PM	COPT Defense Properties (NYSE: CDP), President & CEO Steve Budorick Interviewed by Advisor Access (GlobeNewswire)
Nov-14-24 04:16PM	COPT Defense Declares Fourth Quarter 2024 Common Dividend (Business Wire)
Oct-30-24 05:00AM	COPT Defense Properties (CDP) Q3 2024 Earnings Call Highlights: Strong Financial Performance ... (GuruFocus.com)
Oct-28-24 05:35PM	COPT Defense (CDP) Q3 FFO and Revenues Surpass Estimates (Zacks)
04:17PM	COPT Defense Reports Strong Third Quarter 2024 Results (Business Wire)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
PICKETT C TAYLOR	Director	May 29 '26	Sale	32.25	31,798	1,025,581	15,188	Jun 02 12:47 PM
DENTON ROBERT L	Director	May 26 '26	Sale	32.38	3,922	126,994	3,803	May 28 04:23 PM
HAWKINS PHILIP L	Director	Feb 23 '26	Sale	32.71	5,536	181,100	15,188	Feb 24 10:41 AM
PHILIP L. HAWKINS	Director	Feb 23 '26	Proposed Sale	32.71	5,536	181,100		Feb 23 04:02 PM

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. It operates through the Defense/Information Technology Portfolio and Other segments. The Defense/Information Technology Portfolio segment includes the following: Fort Meade/BW Corridor, NoVA Defense/IT, Lackland Air Force Base (in San Antonio, Texas), and locations serving the U.S. Navy ("Navy Support"). The Other segment focuses as a separate reportable segment referred to as Wholesale Data Center. The company was founded on January 22, 1988 and is headquartered in Columbia, MD.

PresidentMr. Stephen E. Budorick

Executive VP & CFOMr. Anthony Mifsud CPA

Executive VP & COOMr. Britt A. Snider

Senior VPMr. Matthew T. Myers

Vice President of Investor RelationsMr. Venkat Kommineni C.F.A.

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CDP

COPT Defense Properties

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