COPT Defense Properties (CDP)
NYSE:CDP
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CDP Stock Chart & Stats
$32.49
-$0.14(-0.47%)
At close: 4:00 PM EST
$32.49
-$0.14(-0.47%)
Day’s Range― - ―
52-Week Range$25.99 - $33.29
Previous CloseN/A
Volume87.85K
Average Volume (3M)970.61K
Market Cap
$6.92B
Enterprise Value$6.03B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$0.00
Price to Earnings (P/E)22.4
Beta0.34
Next Earnings
Aug 03, 2026EPS Estimate
0.33Next Dividend Ex-DateN/A
Dividend Yield4.3%
Share Statistics
EPS (TTM)1.38
Shares Outstanding113,378,860
10 Day Avg. Volume772,702
30 Day Avg. Volume970,606
Financial Highlights & Ratios
PEG Ratio2.10
Price to Book (P/B)2.06
Price to Sales (P/S)4.09
P/FCF Ratio12.33
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue7.77
Enterprise Value/Gross Profit24.35
Enterprise Value/Ebitda14.62
Forecast
1Y Price Target
$37.40Price Target Upside15.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.35
Revenue Forecast (FY)$748.87M
Bulls Say, Bears Say
Bulls Say
Consistent FFO GrowthA 23‑quarter streak of YoY FFO growth signals durable cash generation from core leasing operations and contract structures. Sustained FFO growth underpins dividend coverage, supports reinvestment and reduces reliance on one‑off asset sales, strengthening long‑term earnings quality.
Strong Cash GenerationConsistently positive operating and free cash flow, including ~$310M FCF in 2025, provides durable funding for development, dividends, and debt service. Reliable cash conversion improves financial flexibility to fund pre‑leased developments and absorb cyclical timing swings in receipts.
High‑Quality Development PipelineA >1.0M sq ft pipeline with 73% pre‑leased and >$500M committed materially de‑risks growth and should drive durable NOI gains as projects stabilize. High pre‑leasing rates limit speculative exposure and convert capital into predictable rental income over time.
Bears Say
Elevated LeverageA debt-to-equity ratio near 1.86 indicates a relatively debt‑heavy capital structure for an office REIT, reducing margin for error if operating cash flow weakens. Elevated leverage constrains strategic flexibility, increases refinancing risk, and can magnify the impact of rising rates on distributable cash.
Higher Financing CostsRefinancing at materially higher coupons creates a persistent earnings drag (~$0.09 annually) that mutes FFO growth and reduces excess cash for dividends or reinvestment. In a higher‑rate regime, sustained interest expense pressure limits the company's ability to delever quickly.
Defense Budget Timing UncertaintyCDP's tenant demand is tied to government and MILCON cycles; a 12–18 month lag between appropriations and lease awards introduces structural timing risk. Even with large budget proposals, delayed or phased spending can postpone leasing wins and slow occupancy and rent realization.
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 $25.99 and its highest was $33.29 in the past 12 months.
What is COPT Defense Properties’s market cap?
COPT Defense Properties’s market cap is $6.92B.
When is COPT Defense Properties’s upcoming earnings report date?
COPT Defense Properties’s upcoming earnings report date is Aug 03, 2026 which is in 89 days.
How were COPT Defense Properties’s earnings last quarter?
COPT Defense Properties released its earnings results on Apr 27, 2026. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.331 by $0.009.
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 113,378,860 shares outstanding.
What happened to COPT Defense Properties’s price movement after its last earnings report?
COPT Defense Properties reported an EPS of $0.34 in its last earnings report, beating expectations of $0.331. Following the earnings report the stock price went down -0.712%.
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
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Analyst Consensus
Moderate Buy
Average Price Target:
$37.40 (15.11% Upside)
$37.40 (15.11% Upside)
Blogger Sentiment
Bullish
CDP Sentiment 100%
Sector Average 69%
Sector Average 69%
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 ▼ 6.1%
Last 30 Days ▼ 8.2%
Last 30 Days ▼ 8.2%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.55%
12-Months-Change
Fundamentals
Return on Equity
10.14%
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational and financial momentum: strong FFO growth (6.2% YoY), rising NOI and occupancy, robust renewal and development activity, sizable capital commitments, a Moody's upgrade, and increased guidance and dividend. Notable headwinds include higher financing costs driving a near-term earnings drag (~$0.09 of additional interest), some one-time expense items, and timing uncertainty around defense budget appropriations. On balance the company demonstrated strength across leasing, development, balance sheet, and strategy execution, while acknowledging manageable near-term financial and timing challenges.View all CDP earnings summariesCDP Stock 12 Month Forecast
Average Price Target
$37.40
▲(15.11% 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
29.65% Mutual Funds
2.33% Other Institutional Investors
35.14% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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