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CDP

COPT Defense Properties

Price Chart
Latest Quote

$33.52

+0.27 (+0.81%)
Current Price
Previous Close $33.25
Open $33.47
Day High $33.80
Day Low $33.32
Volume 587,009
Fetched: 2026-06-19T17:51:17
Stock Information
Shares Outstanding 113.38M
Total Debt $2.59B
Cash Equivalents $28.65M
Revenue $780.55M
Net Income $155.53M
Sector Real Estate
Industry REIT - Office
Market Cap $3.87B
P/E Ratio 24.47
EPS (TTM) $1.37
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$6.47B
Sales$780.55M
Income$155.53M
Book/sh$13.42
Cash/sh$0.25
Employees430
Financial Ratios
Quick Ratio1.64
Current Ratio1.98
Debt/Eq162.81
EPS Growth TTM11.00%
Returns & Margins
ROA3.42%
ROE10.37%
Gross Margin57.83%
Operating Margin29.56%
Profit Margin20.00%
Ownership
Insider Ownership0.25%
Institutional Ownership117.69%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E23.94
PEG1.02
P/S4.96
P/B2.50
Analyst Data
Recommendationbuy
Target Price$36.00
Technical Indicators
SMA20$32.88
SMA50$32.25
SMA200$30.19
RSI62.17
ATR0.8071
Shares Float112.06M
Short Float6.65%
Short Ratio6.15
Volatility0.81
Rel Volume1.32
Performance History
Week-2.27%
Month+5.08%
Quarter+7.05%
6 Months+17.62%
YTD+23.21%
Year+22.50%
3 Years+60.38%
5 Years+38.21%
10 Years+83.61%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-18 $33.52 1,290,600
2026-06-17 $33.25 810,900
2026-06-16 $33.96 824,000
2026-06-15 $33.81 853,200
2026-06-12 $34.54 720,900
2026-06-11 $34.30 1,091,600
2026-06-10 $34.19 932,700
2026-06-09 $34.12 1,316,000
2026-06-08 $32.88 751,700
2026-06-05 $32.65 1,108,500
2026-06-04 $32.09 1,408,400
2026-06-03 $31.31 982,100
2026-06-02 $31.72 1,322,600
2026-06-01 $31.64 711,700
2026-05-29 $32.06 1,284,800
2026-05-28 $32.50 651,900
2026-05-27 $32.32 616,600
2026-05-26 $32.37 608,100
2026-05-22 $32.13 744,900
2026-05-21 $32.31 1,528,000
2026-05-20 $31.84 1,042,400
2026-05-19 $31.90 651,800
About COPT Defense Properties

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 March 31, 2026, the Company's Defense/IT Portfolio of 201 properties, including 24 owned through unconsolidated joint ventures, encompassed 23.2 million square feet and was 96.4% leased. COPT Defense Properties was incorporated in 1988 and is based in Columbia, United States.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $485,715,000 $492,906,000 $453,751,000 $518,623,000
Cost Of Revenue $485,715,000 $492,906,000 $453,751,000 $518,623,000
Total Revenue $763,923,000 $753,267,000 $684,982,000 $739,030,000
Operating Revenue $763,923,000 $753,267,000 $684,982,000 $739,030,000
Expenses
Interest Expense $85,241,000 $83,773,000 $71,142,000 $61,174,000
Total Expenses $533,555,000 $539,944,000 $496,520,000 $557,614,000
Other Income Expense $6,090,000 $397,000 $-203,666,000 $20,384,000
Net Non Operating Interest Income Expense $-75,977,000 $-69,490,000 $-58,555,000 $-52,104,000
Total Other Finance Cost $2,910,000 $2,708,000 $2,580,000 $2,297,000
Interest Expense Non Operating $85,241,000 $83,773,000 $71,142,000 $61,174,000
Operating Expense $47,840,000 $47,038,000 $42,769,000 $38,991,000
General And Administrative Expense $47,840,000 $47,038,000 $42,769,000 $38,991,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $152,315,000 $138,929,000 $-73,469,000 $143,456,000
Net Interest Income $-75,977,000 $-69,490,000 $-58,555,000 $-52,104,000
Interest Income $12,174,000 $16,991,000 $12,587,000 $9,070,000
Normalized Income $149,050,379 $138,929,000 $87,220,950 $124,870,663
Net Income From Continuing And Discontinued Operation $152,315,000 $138,929,000 $-73,469,000 $173,029,000
Net Income Common Stockholders $152,315,000 $138,929,000 $-73,469,000 $173,029,000
Net Income $152,315,000 $138,929,000 $-73,469,000 $173,029,000
Net Income Including Noncontrolling Interests $159,534,000 $143,942,000 $-74,347,000 $178,822,000
Net Income Continuous Operations $159,534,000 $143,942,000 $-74,347,000 $149,249,000
Pretax Income $160,481,000 $144,230,000 $-73,759,000 $149,696,000
Special Income Charges $-66,000 $0 $-252,797,000 $-609,000
Earnings From Equity Interest $2,806,000 $397,000 $-261,000 $1,743,000
Interest Income Non Operating $12,174,000 $16,991,000 $12,587,000 $9,070,000
Operating Income $230,368,000 $213,323,000 $188,462,000 $181,416,000
Gross Profit $278,208,000 $260,361,000 $231,231,000 $220,407,000
Net Income Discontinuous Operations - $0 $0 $29,573,000
Earnings From Equity Interest Net Of Tax - - $-261,000 $1,743,000
Total Operating Income As Reported - - - -
Per Share
Diluted EPS $1.34 $1.23 $-0.67 $1.53
Basic EPS $1.35 $1.24 $-0.65 $1.54
Other
Tax Effect Of Unusual Items $19,379 $0 $-42,715,050 $55,663
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $406,137,000 $384,018,000 $352,183,000 $335,822,000
Total Unusual Items $3,284,000 $0 $-203,405,000 $18,641,000
Total Unusual Items Excluding Goodwill $3,284,000 $0 $-203,405,000 $18,641,000
Reconciled Depreciation $163,699,000 $156,015,000 $151,395,000 $143,593,000
EBITDA (Bullshit earnings) $409,421,000 $384,018,000 $148,778,000 $354,463,000
EBIT $245,722,000 $228,003,000 $-2,617,000 $210,870,000
Diluted Average Shares $113,304,000 $112,899,000 $112,178,000 $112,620,000
Basic Average Shares $112,516,000 $112,296,000 $112,178,000 $112,073,000
Diluted NI Availto Com Stockholders $152,315,000 $138,929,000 $-73,469,000 $173,029,000
Minority Interests $-7,219,000 $-5,013,000 $878,000 $-5,793,000
Tax Provision $947,000 $288,000 $588,000 $447,000
Other Special Charges $66,000 - - $609,000
Impairment Of Capital Assets $0 $0 $252,797,000 $0
Gain On Sale Of Security $3,350,000 - $49,392,000 $19,250,000
Selling General And Administration $47,840,000 $47,038,000 $42,769,000 $38,991,000
Other Gand A $47,840,000 $47,038,000 $42,769,000 $38,991,000
Gain On Sale Of Business - - - $0
Provision For Doubtful Accounts - - - $271,000
Write Off - - - -
Fetched: 2026-06-13
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $1,514,775,000 $1,493,083,000 $1,483,912,000 $1,681,803,000
Total Assets $4,701,790,000 $4,254,191,000 $4,246,966,000 $4,257,275,000
Total Non Current Assets $4,017,627,000 $3,860,927,000 $3,717,414,000 $3,733,974,000
Other Non Current Assets $72,347,000 $64,013,000 $61,331,000 $49,757,000
Non Current Deferred Assets $75,052,000 $71,268,000 $70,057,000 $69,339,000
Current Assets $684,163,000 $393,264,000 $529,552,000 $523,301,000
Other Current Assets $103,215,000 $81,628,000 $82,037,000 $96,576,000
Receivables $305,962,000 $273,352,000 $279,695,000 $253,102,000
Receivables Adjustments Allowances $-3,575,000 $-2,792,000 $-2,377,000 $-2,794,000
Notes Receivable $64,461,000 $69,241,000 $77,022,000 $69,703,000
Loans Receivable $8,970,000 $3,231,000 $6,867,000 $17,712,000
Accounts Receivable $236,106,000 $203,672,000 $198,183,000 $168,481,000
Allowance For Doubtful Accounts Receivable $-532,000 $-615,000 $-666,000 $-778,000
Gross Accounts Receivable $236,638,000 $204,287,000 $198,849,000 $169,259,000
Cash Cash Equivalents And Short Term Investments $274,986,000 $38,284,000 $167,820,000 $12,337,000
Cash And Cash Equivalents $274,986,000 $38,284,000 $167,820,000 $12,337,000
Assets Held For Sale Current - - $0 $161,286,000
Non Current Deferred Taxes Assets - - - $1,405,000
Financial Assets - - - $2,631,000
Goodwill And Other Intangible Assets - - - $9,959,000
Other Intangible Assets - - - $9,959,000
Restricted Cash - - - $4,172,000
Prepaid Assets - - - $25,674,000
Other Receivables - - - -
Debt
Net Debt $2,492,848,000 $2,353,471,000 $2,248,467,000 $2,219,457,000
Total Debt $2,812,846,000 $2,440,995,000 $2,450,218,000 $2,260,553,000
Long Term Debt And Capital Lease Obligation $2,662,846,000 $2,365,995,000 $2,375,218,000 $2,049,553,000
Long Term Debt $2,617,834,000 $2,316,755,000 $2,341,287,000 $2,020,794,000
Current Debt And Capital Lease Obligation $150,000,000 $75,000,000 $75,000,000 $211,000,000
Current Debt $150,000,000 $75,000,000 $75,000,000 $211,000,000
Liabilities
Total Liabilities Net Minority Interest $3,114,115,000 $2,693,624,000 $2,699,631,000 $2,509,527,000
Total Non Current Liabilities Net Minority Interest $2,696,082,000 $2,380,372,000 $2,394,214,000 $2,068,109,000
Other Non Current Liabilities $33,236,000 $14,377,000 $18,996,000 $18,556,000
Current Liabilities $418,033,000 $313,252,000 $305,417,000 $441,418,000
Current Deferred Liabilities $85,628,000 $78,312,000 $64,458,000 $41,020,000
Payables And Accrued Expenses $182,405,000 $159,940,000 $165,959,000 $189,398,000
Payables $182,405,000 $159,940,000 $165,959,000 $189,398,000
Dividends Payable $35,205,000 $33,909,000 $32,644,000 $31,400,000
Accounts Payable $147,200,000 $126,031,000 $133,315,000 $157,998,000
Derivative Product Liabilities - - - -
Equity
Common Stock Equity $1,514,775,000 $1,493,083,000 $1,483,912,000 $1,681,803,000
Total Equity Gross Minority Interest $1,587,675,000 $1,560,567,000 $1,547,335,000 $1,747,748,000
Stockholders Equity $1,514,775,000 $1,493,083,000 $1,483,912,000 $1,681,803,000
Gains Losses Not Affecting Retained Earnings $-61,000 $988,000 $2,115,000 $2,071,000
Other Equity Adjustments $-61,000 $988,000 $2,115,000 $2,071,000
Retained Earnings $-988,957,000 $-1,003,401,000 $-1,009,318,000 $-807,508,000
Long Term Equity Investment $36,368,000 $39,360,000 $41,052,000 $21,460,000
Investments In Other Ventures Under Equity Method - - - $5,974,000
Other
Ordinary Shares Number $113,210,642 $112,703,460 $112,555,352 $112,423,893
Share Issued $113,210,642 $112,703,460 $112,555,352 $112,423,893
Tangible Book Value $1,514,775,000 $1,493,083,000 $1,483,912,000 $1,681,803,000
Invested Capital $4,282,609,000 $3,884,838,000 $3,900,199,000 $3,913,597,000
Working Capital $266,130,000 $80,012,000 $224,135,000 $81,883,000
Capital Lease Obligations $45,012,000 $49,240,000 $33,931,000 $28,759,000
Total Capitalization $4,132,609,000 $3,809,838,000 $3,825,199,000 $3,702,597,000
Minority Interest $72,900,000 $67,484,000 $63,423,000 $65,945,000
Additional Paid In Capital $2,502,661,000 $2,494,369,000 $2,489,989,000 $2,486,116,000
Capital Stock $1,132,000 $1,127,000 $1,126,000 $1,124,000
Common Stock $1,132,000 $1,127,000 $1,126,000 $1,124,000
Long Term Capital Lease Obligation $45,012,000 $49,240,000 $33,931,000 $28,759,000
Current Deferred Revenue $85,628,000 $78,312,000 $64,458,000 $41,020,000
Line Of Credit $150,000,000 $75,000,000 $75,000,000 $211,000,000
Investments And Advances $36,368,000 $39,360,000 $41,052,000 $21,460,000
Investmentsin Joint Venturesat Cost $36,368,000 $39,360,000 $41,052,000 $21,460,000
Investment Properties $3,783,477,000 $3,630,526,000 $3,503,678,000 $3,556,398,000
Net PPE $50,383,000 $55,760,000 $41,296,000 $37,020,000
Gross PPE $50,383,000 $55,760,000 $41,296,000 $37,020,000
Leases $50,383,000 $55,760,000 $41,296,000 $37,020,000
Properties $0 $0 $0 $0
Treasury Shares Number - - $0 -
Defined Pension Benefit - - - $1,831,000
Other Investments - - - $5,666,000
Machinery Furniture Equipment - - - $8,286,000
Fetched: 2026-06-13
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $288,866,000 $299,613,000 $255,774,000 $229,448,000
Operating Activities
Operating Cash Flow $309,933,000 $330,955,000 $276,274,000 $265,825,000
Cash Flow From Continuing Operating Activities $309,933,000 $330,955,000 $276,274,000 $265,825,000
Operating Gains Losses $-3,284,000 - $-49,392,000 $-47,814,000
Investing Activities
Capital Expenditure $-21,067,000 $-31,342,000 $-20,500,000 $-36,377,000
Investing Cash Flow $-289,743,000 $-291,010,000 $-169,623,000 $-83,457,000
Cash Flow From Continuing Investing Activities $-289,743,000 $-291,010,000 $-169,623,000 $-83,457,000
Net Other Investing Changes $-26,259,000 $-11,283,000 $-7,770,000 $-28,025,000
Capital Expenditure Reported $-21,067,000 $-31,342,000 $-20,500,000 $-36,377,000
Financing Activities
Financing Cash Flow $216,544,000 $-169,672,000 $46,264,000 $-183,175,000
Cash Flow From Continuing Financing Activities $216,544,000 $-169,672,000 $46,264,000 $-183,175,000
Net Other Financing Charges $-18,597,000 $-7,849,000 $-7,979,000 $-16,197,000
Cash Dividends Paid $-136,598,000 $-131,840,000 $-127,178,000 $-123,645,000
Common Stock Dividend Paid $-136,598,000 $-131,840,000 $-127,178,000 $-123,645,000
Dividends Received Cfi $21,807,000 $1,198,000 $1,088,000 $26,627,000
Repurchase Of Capital Stock - - - $0
Net Preferred Stock Issuance - - - $0
Issuance Of Capital Stock - - - -
Net Common Stock Issuance - - - -
Common Stock Issuance - - - -
Other
Repayment Of Debt $-552,717,000 $-105,983,000 $-445,954,000 $-1,020,333,000
Issuance Of Debt $924,456,000 $76,000,000 $627,375,000 $977,000,000
End Cash Position $276,431,000 $39,697,000 $169,424,000 $16,509,000
Beginning Cash Position $39,697,000 $169,424,000 $16,509,000 $17,316,000
Changes In Cash $236,734,000 $-129,727,000 $152,915,000 $-807,000
Net Issuance Payments Of Debt $371,739,000 $-29,983,000 $181,421,000 $-43,333,000
Net Long Term Debt Issuance $371,739,000 $-29,983,000 $181,421,000 $-43,333,000
Long Term Debt Payments $-552,717,000 $-105,983,000 $-445,954,000 $-1,020,333,000
Long Term Debt Issuance $924,456,000 $76,000,000 $627,375,000 $977,000,000
Net Investment Properties Purchase And Sale $-264,224,000 $-249,583,000 $-142,441,000 $-45,682,000
Sale Of Investment Properties $4,998,000 $0 $189,506,000 $281,071,000
Purchase Of Investment Properties $-269,222,000 $-249,583,000 $-331,947,000 $-326,753,000
Change In Working Capital $-26,454,000 $2,875,000 $-7,976,000 $-13,696,000
Change In Other Working Capital $-11,074,000 $463,000 $542,000 $-116,000
Change In Payables And Accrued Expense $556,000 $-4,086,000 $-2,900,000 $-11,144,000
Change In Payable $556,000 $-4,086,000 $-2,900,000 $-11,144,000
Change In Account Payable $556,000 $-4,086,000 $-2,900,000 $-11,144,000
Change In Receivables $-15,936,000 $6,498,000 $-5,618,000 $-2,436,000
Changes In Account Receivables $-15,936,000 $6,498,000 $-5,618,000 $-2,436,000
Other Non Cash Items $4,745,000 $17,680,000 $-4,747,000 $-3,869,000
Stock Based Compensation $11,693,000 $10,443,000 $8,544,000 $8,789,000
Asset Impairment Charge $0 $0 $252,797,000 $0
Depreciation Amortization Depletion $163,699,000 $156,015,000 $151,395,000 $143,593,000
Depreciation And Amortization $163,699,000 $156,015,000 $151,395,000 $143,593,000
Gain Loss On Investment Securities $-3,350,000 - $-49,392,000 $-47,814,000
Net Income From Continuing Operations $159,534,000 $143,942,000 $-74,347,000 $178,822,000
Net Short Term Debt Issuance - - $-136,000,000 $135,000,000
Short Term Debt Payments - - $-427,000,000 $-717,000,000
Short Term Debt Issuance - - $291,000,000 $852,000,000
Change In Prepaid Assets - - $-4,851,000 $2,130,000
Preferred Stock Payments - - - $0
Net Investment Purchase And Sale - - - $-625,000
Net Business Purchase And Sale - - - $0
Sale Of Business - - - $0
Gain Loss On Sale Of Business - - - $0
Fetched: 2026-06-13