
CDP Stock Forecast & Price Target
CDP Analyst Ratings
Bulls say
COPT Defense Properties is experiencing positive financial growth, evidenced by an increase in its 2024 Funds From Operations (FFO) estimate to $2.58 per share, reflecting a penny per share beat in 3Q24, and an anticipated 6.8% year-over-year growth in normalized FFO per share in 2024, followed by 5.1% growth in 2025. The company benefits from high tenant renewal rates and a focus on self-funded development, contributing to a stable occupancy rate projected at 92.3% by the end of 2024. Furthermore, COPT's confidence in its financial trajectory is supported by a maintained upward trend in average annual normalized FFO growth, aligning with its position as a critical provider of real estate for U.S. Government agencies and defense contractors.
Bears say
COPT Defense Properties is projected to experience low-single-digit year-over-year normalized Funds From Operations per share (FFOps) growth for the next two years, reflecting a lack of significant revenue momentum despite high retention rates among tenants. The company faces downside risks rooted in potential challenges such as rising construction costs, reduced demand from tenants, and the General Services Administration's (GSA) possible reduction of its footprint, which could pressure rental yields. Additionally, uncertainty regarding future national defense budgets may undermine demand for COPT's properties, especially if priorities shift away from sectors that represent a majority of their tenant base.
This aggregate rating is based on analysts' research of COPT Defense Properties and is not a guaranteed prediction by Public.com or investment advice.
CDP Analyst Forecast & Price Prediction
Start investing in CDP
Order type
Buy in
Order amount
Est. shares
0 shares