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COPT Defense Properties (CDP)
NYSE:CDP
CDP Stock Chart & Stats
$32.10
-$0.14(-0.47%)
At close: 4:00 PM EST
$32.10
-$0.14(-0.47%)
Day’s Range― - ―
52-Week Range$23.92 - $32.82
Previous CloseN/A
Volume87.85K
Average Volume (3M)1.32M
Market Cap
$7.25B
Enterprise Value$6.17B
Total Cash (Recent Filing)$274.99M
Total Debt (Recent Filing)$2.81B
Price to Earnings (P/E)23.7
Beta0.35
Next Earnings
Apr 23, 2026EPS Estimate
0.33Next Dividend Ex-DateN/A
Dividend Yield4.3%
Share Statistics
EPS (TTM)0.33
Shares Outstanding113,207,660
10 Day Avg. Volume1,228,260
30 Day Avg. Volume1,322,167
Financial Highlights & Ratios
PEG Ratio2.10
Price to Book (P/B)2.06
Price to Sales (P/S)4.09
P/FCF Ratio10.09
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue8.08
Enterprise Value/Gross Profit52.37
Enterprise Value/Ebitda15.31
Forecast
1Y Price Target
$35.50Price Target Upside10.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.34
Revenue Forecast (FY)$747.31M
Bulls Say, Bears Say
Bulls Say
High Occupancy And Tenant QualitySustained high occupancy—especially 95.5% in Defense/IT—reflects mission-critical tenancy and long lease terms with government and prime contractors. That tenant mix and occupancy stability support predictable rental cash flows, low vacancy risk, and durable revenue visibility over multiple years.
Pre-leased Development PipelineA largely pre-leased, $450M development pipeline materially lowers lease-up and leasing risk while expanding income. With many projects fully pre-leased and incremental stabilized cash NOI expected from developments, the pipeline is a durable growth engine that converts capital into contracted future cash NOI.
Strong Cash GenerationRobust free cash flow and positive operating cash flow provide durable internal funding for dividends, development and debt service. Consistent cash generation supports a conservative payout policy (AFFO payout under 65%) and funds growth with less reliance on dilutive equity.
Bears Say
Elevated LeverageHigher leverage reduces financial flexibility and increases refinancing risk, especially in a higher-rate environment. With debt-to-equity near 1.9 and a trend of rising leverage, the company faces constrained capacity for opportunistic acquisitions and greater sensitivity to interest-cost shocks.
Financing-Cost Headwind To FFOIncremental interest expense from recent issuances (e.g., $400M 5-year notes at 4.6% replacing 2.25% paper) materially compresses near-term FFO growth. This structural increase in funding costs makes reported cash returns and distributable earnings more sensitive to future rate moves and refinancing timing.
Earnings VolatilityDespite operating profitability, episodic swings (a 2023 net loss) indicate earnings and net income are exposed to timing, nonrecurring items, and administrative delays. That volatility undermines predictability of net income and complicates long-term planning for dividends and capital allocation.
COPT Defense Properties News
CDP FAQ
What was COPT Defense Properties’s price range in the past 12 months?
COPT Defense Properties lowest stock price was $23.92 and its highest was $32.82 in the past 12 months.
What is COPT Defense Properties’s market cap?
COPT Defense Properties’s market cap is $7.25B.
When is COPT Defense Properties’s upcoming earnings report date?
COPT Defense Properties’s upcoming earnings report date is Apr 23, 2026 which is in 51 days.
How were COPT Defense Properties’s earnings last quarter?
COPT Defense Properties released its earnings results on Feb 05, 2026. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.329 by $0.001.
Is COPT Defense Properties overvalued?
According to Wall Street analysts COPT Defense Properties’s price is currently Undervalued.
Does COPT Defense Properties pay dividends?
COPT Defense Properties pays a Quarterly dividend of $0.305 which represents an annual dividend yield of 4.3%. See more information on COPT Defense Properties dividends here
What is COPT Defense Properties’s EPS estimate?
COPT Defense Properties’s EPS estimate is 0.33.
How many shares outstanding does COPT Defense Properties have?
COPT Defense Properties has 113,207,660 shares outstanding.
What happened to COPT Defense Properties’s price movement after its last earnings report?
COPT Defense Properties reported an EPS of $0.33 in its last earnings report, beating expectations of $0.329. Following the earnings report the stock price went up 1.406%.
Which hedge fund is a major shareholder of COPT Defense Properties?
Currently, no hedge funds are holding shares in CDP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
COPT Defense Properties Stock Smart Score
Neutral
1
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3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$35.50 (10.59% Upside)
$35.50 (10.59% Upside)
Blogger Sentiment
Bullish
CDP Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 9.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $181.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 12.5%
Last 30 Days ▼ 12.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.71%
12-Months-Change
Fundamentals
Return on Equity
10.13%
Trailing 12-Months
Asset Growth
10.52%
Trailing 12-Months
Company Description
COPT Defense Properties
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.
CDP Company Deck
CDP Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and strategic picture: strong 2025 results (FFO/share growth, same-property NOI growth, high occupancy and robust leasing), a healthy and largely pre-leased development pipeline, and supportive defense budget tailwinds. Headwinds include higher financing costs that compress near-term FFO growth, some government administrative delays that temporarily depressed renewal metrics, and modest near-term same-property NOI deceleration due to nonrecurring tax items. On balance, the company appears well-positioned financially and operationally to capitalize on defense demand, with manageable timing and financing challenges reflected in conservative 2026 guidance.View all CDP earnings summariesCDP Stock 12 Month Forecast
Average Price Target
$35.50
▲(10.59% Upside)
Technical Analysis
Cousins Properties
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Douglas Emmett
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Highwoods Properties
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Kilroy Realty
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SL Green Realty
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Ownership Overview
0.33% Insiders
32.19% Mutual Funds
18.26% Other Institutional Investors
16.94% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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