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$26.91 - $33.33
Previous CloseN/A
Volume87.85K
Average Volume (3M)927.47K
Market Cap
$7.17B
Enterprise Value$6.20B
Total Cash (Recent Filing)$28.58M
Total Debt (Recent Filing)$2.59B
Price to Earnings (P/E)22.9
Beta0.35
Next Earnings
Jul 23, 2026EPS Estimate
0.33Next Dividend Ex-DateN/A
Dividend Yield4.3%
Share Statistics
EPS (TTM)1.38
Shares Outstanding113,376,884
10 Day Avg. Volume884,224
30 Day Avg. Volume927,472
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 Cap0.86
Enterprise Value/Revenue7.98
Enterprise Value/Gross Profit25.00
Enterprise Value/Ebitda15.01
Forecast
1Y Price Target
$37.25Price Target Upside14.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1.34
Revenue Forecast (FY)$756.54M
Bulls Say, Bears Say
Bulls Say
Strong Cash Generation & MarginsTTM net margin around 20% and EBITDA above 50%, with healthy free cash flow, indicate the core leasing business generates durable cash. That cash supports dividends, debt servicing and selective development, providing a stable funding base for medium-term growth and capital allocation.
Material Reduction In Lease Maturity RiskExecuting large renewals and cutting expiring rental revenue exposure from 21% to 11% materially lowers near-term rollover risk. This strengthens predictable cash flows, reduces re-leasing pressure in 2026, and improves stability for FFO and underwriting of new development commitments.
High-quality, Pre-leased Development PipelineA >1M sq ft pipeline with ~73% pre-leased and over $500M committed concentrates growth into de-risked projects. High pre-leasing limits vacancy and capital drag during lease-up, enabling accretive rent roll and supporting long-term NOI and FFO expansion once projects stabilize.
Bears Say
Elevated LeverageDebt-to-equity near 1.7 means the capital structure is debt-heavy, reducing financial flexibility. In a higher-rate environment this raises refinancing and interest coverage risk, constraining the company's ability to pursue large discretionary investments or absorb cyclical cash-flow shocks.
Higher Interest Expense From Recent RefinancingRefinancing at materially higher coupons creates a lasting earnings drag (estimated ~$0.09 FFO headwind). Persistently higher interest costs reduce retained cash for development, limit FFO growth, and increase sensitivity of dividend coverage and credit metrics to operating volatility.
Defense Budget Timing And Demand UncertaintyDependence on defense appropriations creates structural timing risk: even with favorable budget proposals, a 12–18 month lag delays lease awards and demand realization. This can mismatch development timing and slow leasing-driven revenue growth during multi-quarter cycles.
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 $26.91 and its highest was $33.33 in the past 12 months.
What is Copt Defense Properties’s market cap?
Copt Defense Properties’s market cap is $7.17B.
When is Copt Defense Properties’s upcoming earnings report date?
Copt Defense Properties’s upcoming earnings report date is Jul 23, 2026 which is in 50 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 113,376,884 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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10
Analyst Consensus
Moderate Buy
Average Price Target:
$37.25 (14.65% Upside)
$37.25 (14.65% Upside)
Blogger Sentiment
Bullish
CDP Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 412.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 5.8%
Last 30 Days ▼ 5.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.30%
12-Months-Change
Fundamentals
Return on Equity
10.35%
Trailing 12-Months
Asset Growth
4.91%
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
$37.25
▲(14.65% 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
29.89% Mutual Funds
16.89% Other Institutional Investors
24.64% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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