COPT DEFENSE PROPERTIES
COPT DEFENSE PROPERTIES
Insider Sentiment (TTM):
Last Purchase:2025-02-26Last Sale:2026-05-29Shares Purchased (TTM):0Shares Sold (TTM):46,152
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:120,679,951Shares Outstanding:112,806,000Institutional Ownership Pct.:106.98%
Earnings Market Reaction:
Filing Date:2026-05-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A
COPT DEFENSE PROPERTIES (CDP) — SEC Financial Statements & Analysis
COPT DEFENSE PROPERTIES (CDP) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Investing Receivables | - | - | -0 | 1 | 3 | 3 | 0 | 0 | 2 | 2 | 0 | 0 | |||||
Assets | |||||||||||||||||
Rental Properties | 3,495 | 3,500 | 3,373 | 3,360 | 3,343 | 3,353 | 3,290 | 3,258 | 3,272 | 3,247 | 3,148 | 3,273 | |||||
Real Estate Investment Pr… | |||||||||||||||||
Real Estate Investment Property Net | 3,803 | 3,783 | 3,726 | 3,683 | 3,643 | 3,631 | 3,605 | 3,536 | 3,518 | 3,504 | 3,468 | 3,672 | |||||
Development In Process | 308 | 283 | 353 | 323 | 300 | 277 | 315 | 278 | 245 | 257 | 320 | 400 | |||||
Operating Lease Right Of Use Asset | 49 | 50 | 52 | 53 | 54 | 56 | 41 | 41 | 40 | 41 | 40 | 42 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Cash And Cash Equivalents At Carrying Value | 29 | 275 | 24 | 21 | 24 | 38 | 34 | 100 | 123 | 168 | 204 | 14 | |||||
Investments In Affiliates Subsidiaries Associates … | 36 | 36 | 36 | 39 | 39 | 39 | 40 | 40 | 41 | 41 | 41 | 42 | |||||
Accounts Receivable Net | 52 | 58 | 39 | 44 | 46 | 42 | 42 | 47 | 50 | 49 | 40 | 47 | |||||
Deferred Rent Receivables Net | 183 | 178 | 174 | 171 | 166 | 161 | 159 | 156 | 154 | 149 | 142 | 136 | |||||
Incentive To Lessee | 72 | 72 | 68 | 66 | 64 | 64 | 63 | 64 | 61 | 61 | 61 | 60 | |||||
Deferred Costs Leasing Net | 76 | 75 | 72 | 73 | 71 | 71 | 72 | 72 | 71 | 70 | 68 | 69 | |||||
Prepaid Expense And Other Assets | 90 | 103 | 81 | 57 | 63 | 82 | 95 | 79 | 92 | 82 | 87 | 77 | |||||
Assets | 4,459 | 4,702 | 4,351 | 4,287 | 4,250 | 4,254 | 4,234 | 4,219 | 4,233 | 4,247 | 4,239 | 4,246 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Long Term Debt | 2,547 | 2,768 | 2,444 | 2,439 | 2,413 | 2,392 | 2,391 | 2,390 | 2,417 | 2,416 | 2,416 | 2,176 | |||||
Accounts Payable And Accrued Liabilities Current A… | 117 | 147 | 135 | 107 | 98 | 126 | 134 | 122 | 112 | 133 | 136 | 136 | |||||
Liabilities | |||||||||||||||||
Liabilities | 2,867 | 3,114 | 2,772 | 2,718 | 2,688 | 2,694 | 2,679 | 2,666 | 2,684 | 2,700 | 2,692 | 2,447 | |||||
Dividends Payable Current And Noncurrent | 37 | 35 | 35 | 35 | 35 | 34 | 34 | 34 | 34 | 33 | 33 | 33 | |||||
Deferred Revenue | 48 | 48 | 44 | 39 | 39 | 40 | 38 | 37 | 34 | 29 | 25 | 9 | |||||
Operating Lease Liability | 44 | 45 | 46 | 47 | 48 | 49 | 34 | 34 | 33 | 34 | 33 | 34 | |||||
Other Liabilities | 34 | 33 | 31 | 13 | 14 | 14 | 16 | 16 | 16 | 19 | 18 | 28 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | 25 | 26 | 24 | 23 | 24 | 24 | 22 | 23 | 23 | 24 | 22 | 22 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Stockholders Equity | |||||||||||||||||
Additional Paid In Capital | 2,500 | 2,503 | 2,498 | 2,495 | 2,492 | 2,494 | 2,493 | 2,490 | 2,487 | 2,490 | 2,490 | 2,487 | |||||
Stockholders Equity | 1,515 | 1,562 | 1,507 | 1,498 | 1,538 | 1,537 | 1,489 | 1,531 | 1,526 | 1,484 | 1,526 | 1,731 | |||||
Accumulated Distributions In Excess Of Net Income | -987 | -989 | -992 | -999 | -1,003 | -1,003 | -1,005 | -1,008 | -1,010 | -1,009 | -1,011 | -763 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 0 | -0 | 0 | 0 | 0 | 1 | 0 | 4 | 4 | 2 | 6 | 5 | |||||
Minority Interest In Operating Partnerships | 34 | 29 | 33 | 33 | 33 | 29 | 29 | 29 | 29 | 26 | 25 | 30 | |||||
Minority Interest | |||||||||||||||||
Minority Interest | 52 | 47 | 48 | 48 | 47 | 44 | 43 | 44 | 44 | 40 | 40 | 46 | |||||
Other Minority Interests | 18 | 18 | 15 | 15 | 15 | 15 | 14 | 14 | 14 | 14 | 14 | 16 | |||||
Liabilities And Stockholders Equity | 4,459 | 4,702 | 4,351 | 4,287 | 4,250 | 4,254 | 4,234 | 4,219 | 4,233 | 4,247 | 4,239 | 4,246 | |||||
Deferred Costs Leasing Accumulated Amortization | 45 | 44 | 43 | 43 | 43 | 44 | 44 | 44 | 42 | 41 | 39 | 37 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | |||||
Common Stock Shares Issued | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | |||||
Shares Outstanding | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | 113 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.04% | 14.47% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 2.90% | 8.93% | 7.52% | 6.09% | 11.44% | 3.91% | 7.56% | -1.37% | 8.38% | -2.40% | 0.39% | -1.29% |
| 2024 | 0.38% | 2.75% | 12.65% | 0.66% | 3.70% | 12.95% | 1.48% | -4.40% | -7.27% | 0.07% | -3.44% | 1.17% |
| 2023 | - | - | - | -2.45% | -7.19% | -7.64% | 1.55% | 5.77% | 5.15% | 0.00% | -2.93% | 2.35% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 0.80 | 0.83 | 0.88 | 0.83 | 0.79 | 0.76 | 0.74 | -2.46 | -2.60 | -2.04 | -1.85 | 2.03 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.43 | 1.41 | 1.38 | 1.33 | 1.30 | 1.27 | 1.26 | -1.03 | -1.07 | -0.66 | -0.51 | 1.74 | |||||
| Free Cash Flow Per Share TTM | 2.78 | 2.57 | 2.71 | 2.69 | 2.73 | 2.67 | 2.38 | 2.40 | 2.32 | 2.28 | 2.38 | 2.19 | |||||
| Dividend Per Share TTM | 1.22 | 1.21 | 1.20 | 1.19 | 1.18 | 1.17 | 1.16 | 1.15 | 1.14 | 1.13 | 1.12 | 1.11 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | - | - | - | - | - | - | - | - | 187.81% | 218.22% | 181.00% | 166.65% | |||||
| Operating Profit Margin TTM | 27.58% | 20.64% | 239.65% | 205.68% | 208.19% | 190.38% | 133.26% | -44.64% | -139.99% | -122.13% | -67.84% | 201.76% | |||||
| Net Profit Margin TTM | 28.08% | 20.88% | 242.67% | 206.65% | 208.87% | 190.53% | 132.80% | -44.90% | -140.88% | -123.54% | -68.42% | 201.74% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 729.92% | 911.15% | -39.77% | -71.93% | -18.39% | 25.54% | 28.43% | 166.03% | -68.04% | -61.08% | -82.05% | -68.62% | |||||
| Net Income Growth (1Y) | 11.57% | 10.83% | 10.06% | -229.19% | -221.00% | -293.61% | -349.29% | -159.21% | -161.03% | -141.58% | -140.28% | 42.17% | |||||
| EPS Growth (1Y) | 11.15% | 10.62% | 9.89% | -229.00% | -220.84% | -293.40% | -349.03% | -159.15% | -160.97% | -141.54% | -140.25% | 42.03% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 20.93 | 19.23 | 20.26 | 19.82 | 19.87 | 22.68 | 22.27 | -22.26 | -20.39 | -34.76 | -41.63 | 11.91 | |||||
| P/B | 2.18 | 1.96 | 2.04 | 1.93 | 1.89 | 2.12 | 2.07 | 1.69 | 1.62 | 1.70 | 1.56 | 1.32 | |||||
| P/S TTM | 5.88 | 4.02 | 49.15 | 40.96 | 41.50 | 43.20 | 29.57 | 10.00 | 28.73 | 42.94 | 28.48 | 24.03 | |||||
| Market Cap | 3.42B | 3.07B | 3.17B | 2.98B | 2.91B | 3.26B | 3.17B | 2.59B | 2.47B | 2.58B | 2.38B | 2.34B | |||||
| Enterprise Value | 5.94B | 5.63B | 5.59B | 5.40B | 5.30B | 5.62B | 5.52B | 4.88B | 4.76B | 4.83B | 4.59B | 4.50B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 313.90M | 288.87M | 304.90M | 303.01M | 306.84M | 299.61M | 266.75M | 269.17M | 260.45M | 255.77M | 267.35M | 245.20M | |||||
| Net Debt | 2.52B | 2.56B | 2.42B | 2.42B | 2.39B | 2.35B | 2.36B | 2.29B | 2.29B | 2.25B | 2.21B | 2.16B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2026-05-29Sale
Owner: Pickett, C Taylor
Title: -
Shares: 31,798
Price/Share: $32.25
Value: $1,025,485.50
Shares Owned: 15,188
Relationship: Director
Ownership: Direct
2026-05-26Sale
Owner: Denton, Robert L
Title: -
Shares: 3,922
Price/Share: $32.38
Value: $126,994.36
Shares Owned: 3,803
Relationship: Director
Ownership: Direct
2026-02-23Sale
Owner: Hawkins, Philip L
Title: -
Shares: 5,536
Price/Share: $32.71
Value: $181,082.56
Shares Owned: 15,188
Relationship: Director
Ownership: Direct
2025-09-17Sale
Owner: Trimberger, Lisa G
Title: -
Shares: 4,896
Price/Share: $30.72
Value: $150,405.12
Shares Owned: 20,287
Relationship: Director
Ownership: Direct
2025-05-15Sale
Owner: Denton, Robert L
Title: -
Shares: 4,398
Price/Share: $26.71
Value: $117,470.58
Shares Owned: -
Relationship: Director
Ownership: Direct
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Institutional Ownership
No data available for chart
2026-03-31
106.98%
Inst. Shares: 120,679,951
Shares Outstanding: 112,806,000
2025-12-31
106.73%
Inst. Shares: 120,092,292
Shares Outstanding: 112,516,000
2025-09-30
105.36%
Inst. Shares: 118,511,330
Shares Outstanding: 112,485,000
2025-06-30
103.68%
Inst. Shares: 116,601,313
Shares Outstanding: 112,459,000
2025-03-31
102.56%
Inst. Shares: 115,260,412
Shares Outstanding: 112,383,000