Real Estate -
REIT - Office - NYSE - US
$ 28.15
-0.182 %
$ 3.18 B
Market Cap
21.94
P/E
1. INTRINSIC VALUE
Balance Sheet
COPT Defense Properties
| Current Assets | 393 M |
| Cash & Short-Term Investments | 38.3 M |
| Receivables | 273 M |
| Other Current Assets | 81.6 M |
| Non-Current Assets | 3.86 B |
| Long-Term Investments | 39.4 M |
| PP&E | 55.8 M |
| Other Non-Current Assets | 3.77 B |
| Current Liabilities | 313 M |
| Accounts Payable | 126 M |
| Short-Term Debt | 75 M |
| Other Current Liabilities | 112 M |
| Non-Current Liabilities | 2.38 B |
| Long-Term Debt | 2.37 B |
| Other Non-Current Liabilities | 13.7 M |
EFFICIENCY
Earnings Waterfall
COPT Defense Properties
| Revenue | 753 M |
| Cost Of Revenue | 493 M |
| Gross Profit | 260 M |
| Operating Expenses | 47 M |
| Operating Income | 213 M |
| Other Expenses | 74.4 M |
| Net Income | 139 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
COPT Defense Properties
| Net Income | 139 M |
| Depreciation & Amortization | 156 M |
| Capital Expenditures | -31.3 M |
| Stock-Based Compensation | 10.4 M |
| Change in Working Capital | 2.88 M |
| Others | 23.2 M |
| Free Cash Flow | 300 M |
Wall Street Analysts Price Targets
COPT Defense Properties
Wall Street analysts predict an average 1-year price target for CDP of $32.4 , with forecasts ranging from
a
low of
$31 to a high of $33 .
CDP Lowest Price Target
Wall Street Target
31 USD
10.12%
CDP Average Price Target
Wall Street Target
32.4 USD
15.10%
CDP Highest Price Target
Wall Street Target
33 USD
17.23%
4. DIVIDEND
ANALYSIS
1.09%
DIVIDEND YIELD
0.305 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
COPT Defense Properties
Sold
0-3 MONTHS
117 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
1.18 M USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
26.9 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
29.4 K USD 1
9-12 MONTHS
7. News
U.S. REIT Same-Store Net Operating Income Growth Slips In Q1
US equity REITs reported a marginal decline in the median growth rate of their same-store NOI in Q1 as the commercial real estate market continues to face macroeconomic challenges. Among all US equity REITs, the healthcare sector recorded the largest year-over-year gain in same-store NOI during the first quarter, with a median increase of 7.1%. During the first quarter, the office segment incurred losses in its same-store NOI, posting a median year-over-year decline of 0.9%.
seekingalpha.com
- 2 weeks ago
COPT Defense to Present at Nareit's REITweek: 2025 Investor Conference
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit's REITweek: 2025 Investor Conference. The presentation will be held on June 3, 2025 at 8:45 a.m. Eastern Time at the New York Hilton Midtown in New York, NY. A live audio webcast of the presentation and accompanying materials will be availab.
businesswire.com
- 2 weeks ago
COPT Defense Declares Second 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 common share for the second quarter ending June 30, 2025. The second quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on July 16, 2025, to shareholders of record on June 30, 2025. In addition, the Company announced the publishing of its eleventh annual Corporate.
businesswire.com
- 3 weeks ago
COPT Defense Properties: Undervalued With Solid Growth Prospects
COPT Defense Properties offers a defensive investment with a 4.6% dividend yield, supported by mission-critical Defense/IT assets and minimal exposure to at-risk GSA tenants. Solid operating results include 4.8% YoY FFO/share growth, 93.6% occupancy, and strong leasing momentum, particularly in cybersecurity hubs. With a discounted forward P/FFO of 9.98, CDP presents a favorable risk-reward setup for potentially strong long-term total returns.
seekingalpha.com
- 1 month ago
COPT Defense Properties (CDP) Q1 2025 Earnings Call Transcript
COPT Defense Properties (NYSE:CDP ) Q1 2025 Results Conference Call April 28, 2025 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President and Chief Executive Officer Britt Snider - Executive Vice President and Chief Operating Officer Anthony Mifsud - Executive Vice President and Chief Financial Officer Conference Call Participants Blaine Heck - Wells Fargo Seth Bergey - Citigroup Global Markets Anthony Paolone - JPMorgan Manus Ebbecke - Evercore ISI Richard Anderson - Wedbush Securities Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Tom Catherwood - BTIG Steve Sakwa - Evercore ISI Operator Good day, ladies and gentlemen. Welcome to the COPT Defense Properties First Quarter 2025 Results Conference Call.
seekingalpha.com
- 1 month ago
COPT Defense (CDP) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for COPT Defense (CDP) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 1 month ago
COPT Defense (CDP) Q1 FFO Match Estimates
COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.65 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.62 per share a year ago.
zacks.com
- 1 month ago
COPT Defense Reports First Quarter 2025 Results
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the first quarter ended March 31, 2025. Management Comments Stephen E. Budorick, COPT Defense's President & Chief Executive Officer, commented, “Our Defense/IT investment strategy, which concentrates our portfolio near priority U.S. defense installations, generated strong results in the first quarter with FFO per share at the midpoint of our guidance range, despite inc.
businesswire.com
- 1 month ago
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
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) has executed two investment leases in Redstone Gateway totaling 55,000 square feet, bringing the total portfolio year-to-date investment leasing to 103,000 square feet. In the first quarter of 2025, the Company signed a lease with the U.S. Department of Defense for 40,800 square feet at 8100 Rideout Road. With this transaction, the property is now 79% leased, with only 27,000 square feet of rem.
businesswire.com
- 1 month ago
What Analyst Projections for Key Metrics Reveal About COPT Defense (CDP) Q1 Earnings
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for COPT Defense (CDP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
zacks.com
- 1 month ago
WuXi Biologics Recognized by CDP for Climate Change Leadership for Second Consecutive Year
Firm commitment to tackling climate change in support of United Nations Sustainable Development Goals Earth Day 2025 - Our Power, Our Planet, Contribute to a sustainable future SHANGHAI , April 22, 2025 /PRNewswire/ -- WuXi Biologics ("WuXi Bio") (2269.HK), a leading global Contract Research, Development, and Manufacturing Organization (CRDMO), today announced it has been recognized by CDP, the world's foremost environmental non-profit reporting organization, for its leadership in disclosure transparency and performance excellence in the area of climate change. This marks the second consecutive year the company has achieved this honor.
prnewswire.com
- 1 month ago
Powell On The Hot Seat
US equity markets steadied this past week while bond markets rallied as investors parsed a surprisingly solid slate of economic data and a decent start to corporate earnings season. Early week gains were pared following comments from Fed Chair Powell regarding the inflationary impact of tariffs and the reluctance of the Fed to step in to support markets. The hawkish comments sparked a series of blistering critiques by President Trump, accusing the Fed Chair of "playing politics" and posting that his "termination cannot come fast enough."
seekingalpha.com
- 1 month ago
8. Profile
Summary
COPT Defense Properties CDP
COUNTRY
US
INDUSTRY
REIT - Office
MARKET CAP
$ 3.18 B
Dividend Yield
1.09%
Description
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (IT) related activities servicing what the Company believes are growing, durable, priority missions (Defense/IT Locations). The Company also owns a portfolio of office properties located in select urban submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (Regional Office Properties). As of June 30, 2023, the Company derived 90% of its core portfolio annualized rental revenue from Defense/IT Locations and 10% from its Regional Office Properties. As of the same date and including 24 properties owned through unconsolidated joint ventures, COPT's core portfolio of 192 properties encompassed 22.9 million square feet and was 95% leased.
Contact
6711 Columbia Gateway Drive, Columbia, MD, 21046-2383
https://www.copt.com
IPO
Date
Dec. 31, 1991
Employees
427
Officers
Mr. Stephen E. Budorick
President, Chief Executive Officer & Trustee
Mr. Frank W. Ziegler
Senior Vice President of New Business & Development Government Services
Mr. Matthew T. Myers
Senior Vice President, Chief Accounting Officer & Controller
Ms. Sarah Blackwell Rowland
Director of Human Resources
Mr. David L. Finch
Vice President, General Counsel & Secretary
Mr. Britt A. Snider
Executive Vice President & Chief Operating Officer
Mr. Dean A. Lopez
Senior Vice President of Development & Construction
Mr. William S. Barroll
Managing SVice President of Asset Management & Chief Business Officer
Mr. Venkat Kommineni C.F.A.
Vice President of Investor Relations
Mr. Anthony Mifsud CPA
Executive Vice President & Chief Financial Officer