COPT Defense Properties Stock (NYSE:CDP)


ForecastRevenueFinancialsChartTranscripts

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$31.11

52W Range

$22.20 - $34.22

50D Avg

$31.97

200D Avg

$27.73

Market Cap

$3.50B

Avg Vol (3M)

$1.05M

Beta

1.00

Div Yield

$1.17 (3.77%)

CDP Company Profile


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.

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Industry

REIT - Office

Sector

Real Estate

Exchange

NYSE

ADR

-

Country

US

Employees

410

IPO Date

Dec 31, 1991

Website

CDP Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceSep 24Jun 24
Construction Contract Revenue$22.70M$31.50M

Fiscal year ends in Dec 23 | Currency in USD

CDP Financial Summary


Dec 23Dec 22Dec 21
Revenue$684.98M$739.03M$664.45M
Operating Income$-64.33M$48.64M$168.70M
Net Income$-73.47M$173.03M$76.54M
EBITDA$84.61M$192.23M$178.80M
Basic EPS$-0.65$1.54$0.68
Diluted EPS$-0.65$1.53$0.68

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 29, 24 | 3:27 PM
Q2 24Jul 30, 24 | 5:41 PM
Q1 24Apr 26, 24 | 3:12 PM