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COPT Defense Properties (CDP)
NYSE:CDP
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.33Last Year’s EPS
0.31Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 28, 2025
|% Change Since: 7.76%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
COPT Defense Properties reported stable performance with strong leasing activity and financial metrics. The company highlighted dividend increases, strong occupancy rates, and positive FFO growth, although they faced challenges with weather-related expenses and potential delays in government leasing activity. Data center power availability remains a concern.Company Guidance
During the COPT Defense Properties First Quarter 2025 Results Conference Call, guidance was provided on several key metrics. The company is maintaining its 2025 FFO per share guidance at $2.66, reflecting a 3.5% growth over 2024. The same property cash NOI increased by 7.1% year-over-year, with full-year guidance at a 2.75% increase. Tenant retention was strong at 75%, and leasing activity was robust, with 179,000 square feet of vacancy leasing signed, representing 45% of the annual target. The Defense/IT portfolio occupancy rate has exceeded 94% for nine consecutive quarters, and the company has commenced development of a new 150,000 square foot building, with 90,000 square feet of prospects already identified. The first quarter FFO per share, adjusted for comparability, was $0.65, marking a 4.8% year-over-year increase despite higher weather-related expenses.Dividend Increase and Healthy AFFO Payout Ratio
COPT Defense increased its annual dividend by $0.04, marking the third consecutive year of dividend increases, while maintaining a healthy AFFO payout ratio of 65%.
Strong Leasing Activity
COPT Defense signed 179,000 square feet of vacancy leasing, which is 45% of their full-year target. They also executed 100,000 square feet of investment leasing year-to-date, and tenant retention was at a healthy 75%.
High Occupancy Rates
The company's Defense/IT portfolio occupancy rate exceeded 94% for 9 consecutive quarters, with 98.5% of their 2,500,000 square foot portfolio leased.
Positive FFO Per Share Growth
FFO per share increased by 4.8% year-over-year, marking the 19th consecutive quarter of year-over-year growth, and guidance implies a 3.5% growth for 2025.
Stable and Strong Balance Sheet
The company maintains a strong balance sheet with 98% of debt at fixed rates, and plans to fund investments with cash flow from operations on a leverage-neutral basis.
CDP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2025 | $26.69 | $25.58 | -4.16% |
Feb 06, 2025 | $29.40 | $29.17 | -0.78% |
Oct 28, 2024 | $31.89 | $31.83 | -0.19% |
Jul 29, 2024 | $27.42 | $28.20 | +2.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does COPT Defense Properties (CDP) report earnings?
COPT Defense Properties (CDP) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is COPT Defense Properties (CDP) earnings time?
COPT Defense Properties (CDP) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDP EPS forecast?
CDP EPS forecast for the fiscal quarter 2025 (Q2) is 0.33.