Copt Defense PropertiesCDP

NYSEReal EstateReal Estate Investment Trusts
Price (close)
$33.88
Market cap
$3.8B
P/E
22.4x
Revenue (TTM)
$784.2M
Net income
$171.8M
Dividend yield
3.69%
1-year total return
20.5%
Net margin
21.9%
Revenue growth
4.5%
Debt / equity
1.70x

What Copt Defense Properties does.

COPT Defense Properties (“COPT Defense”) and subsidiaries (collectively, the “Company”, “we” or “us”) is a fully-integrated and self-managed real estate investment trust (“REIT”) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (“USG”) defense installations and missions (which we refer to herein as our Defense/IT Portfolio). Our tenants include the USG and its defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. Our property portfolio is predominantly comprised of office properties and single-tenant data center shells. As of December 31, 2025, our Defense/IT Portfolio included:

• 201 operating properties totaling 23.2 million square feet. We owned 24 of these properties totaling 4.3 million square feet through unconsolidated real estate joint ventures;

• approximately 1,000 acres of land controlled that we believe could be developed into approximately 10.6 million square feet.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$582.4M$664.4M$739.0M$685.0M$753.3M$763.9M
Net income$97.4M$81.6M$178.8M-$74.3M$143.9M$159.5M
Free cash flow$205.7M$219.1M$229.4M$255.8M$299.6M$288.9M

More on CDP.

Figures from Copt Defense Properties's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.