COPT Defense Properties

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

COPT Defense Properties (CDP) surpasses Q2 expectations, poised for growth

COPT Defense Properties (CDP) demonstrated robust financial performance and operational strength in Q2 2024, exceeding guidance and enhancing key metrics.
While facing challenges related to market dynamics and competition, the company remains well-positioned to capitalize on growth opportunities in the defense/IT real estate sector.
By leveraging its strong balance sheet, effective tenant management, and growth initiatives, CDP aims to sustain its growth trajectory and deliver value to shareholders.
Overall, COPT Defense Properties (CDP) shows resilience and adaptability in navigating market challenges and driving sustainable growth in the defense real estate market.

COPT Defense Properties (CDP) exceeds Q3 expectations, eyes strategic growth

COPT Defense Properties (CDP) reported strong Q3 2024 results, exceeding FFO per share guidance and showcasing robust operating performance.
The company's strategic acquisitions, high occupancy levels, and increased FFO per share guidance highlight its growth potential and market resilience.
While facing challenges in tenant retention and upcoming bond refinancing, COPT Defense Properties (CDP) remains well-positioned to capitalize on opportunities for expansion and growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.

Paramount Group

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Paramount Group (PGRE) and COPT Defense (CDP). But which of these two stocks presents investors with the better value opportunity right now?

PGRE or CDP: Which Is the Better Value Stock Right Now?

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss second quarter 2024 results. Details: Results Release Date: Monday, July 29, 2024 after the market closes Conference Call Date: Tuesday, July 30, 2024 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only.

COPT Defense Provides Conference Call Details to Discuss 2Q 2024 Results

COPT Defense Properties is a resilient office REIT with a focus on defense and IT tenants, leading to stable cash flows and high retention rates. The company benefits from long-term growth in defense spending, with a track record of meeting or exceeding guidance and a strong development pipeline. COPT trades at a premium to peers due to its high-quality tenants, steady growth, and lower leverage, making it a 'buy' for investors seeking reliable dividends.

COPT Defense Properties: Not Your Average Office REIT

COPT Defense (CDP) possesses solid growth attributes, which could help it handily outperform the market.

3 Reasons Why Growth Investors Shouldn't Overlook COPT Defense (CDP)

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President and CEO, Stephen E. Budorick, will provide an update on the Company and participate in a question and answer session at Nareit's REITweek: 2024 Investor Conference. The presentation will be held on June 5, 2024 at 10:15 a.m. Eastern Time at the New York Hilton Midtown in New York, NY. A live audio webcast of the presentation and accompanying materials will be availa.

COPT Defense to Present at Nareit's REITweek: 2024 Investor Conference

American Tower

Alexandria Real Estate Equities

Many investors make the mistake of buying unsteady stocks or overpriced steady stocks, similar to the tulip mania bubble in the 1600s. American Tower is a cell tower REIT that plays a critical role in the world's digital infrastructure, providing the physical structure for wireless signals. COPT Defense Properties specializes in mission-critical office space for the US government and defense contractors.

3 'Mission Critical' REITs

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the second quarter ending June 30, 2024. The second quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on July 17, 2024, to shareholders of record on June 28, 2024. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed R.

COPT Defense Declares Second Quarter 2024 Common Dividend

Agree Realty

AGNC Investment

Alexander & Baldwin

AvalonBay Communities

JPMorgan BetaBuilders MSCI US REIT ETF

Blackstone Mortgage Trust

CubeSmart

Cousins Properties

Healthpeak Properties Inc

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

EastGroup Properties

Equity LifeStyle Properties

Essential Properties Realty Trust Inc

Equity Residential

Empire State Realty Trust

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Getty Realty

Highwoods Properties

iShares Cohen & Steers REIT ETF

Independence Realty Trust

iShares U.S. Real Estate ETF

U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.

Stagflation Is Back

COPT Defense Properties (NYSE:CDP ) Q1 2024 Earnings Conference Call April 26, 2024 12:00 PM ET Company Participants Venkat Kommineni - VP of IR Stephen Budorick - President & CEO Britt Snider - COO Anthony Mifsud - CFO Conference Call Participants Michael Griffin - Citi Blaine Heck - Wells Fargo Camille Bonnel - Bank of America Tom Catherwood - BTIG Ray Zhong - JPMorgan Peter Abramowitz - Jefferies Richard Anderson - Wedbush Securities Dylan Burzinski - Green Street Operator Welcome to the COPT Defense Properties First Quarter 2024 Results Conference Call. As a reminder, today's call is being recorded.

COPT Defense Properties (CDP) Q1 2024 Earnings Call Transcript

The headline numbers for COPT Defense (CDP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

COPT Defense (CDP) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to FFO of $0.59 per share a year ago.

COPT Defense (CDP) Q1 FFO and Revenues Top Estimates

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced the acquisition of a 202,000 square foot Class A building, located in Columbia Gateway at 6841 Benjamin Franklin Drive in Columbia, Maryland, for $15 million. The 7-story LEED Gold Certified building was constructed in 2008 and is 56% leased to a leading defense contractor. Stephen E. Budorick, COPT Defense's President & Chief Executive Officer, commented “This acquisition solidif.

COPT Defense Acquires 202,000 Square Foot Building in Columbia, MD

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the first quarter ended March 31, 2024. Management Comments Stephen E. Budorick, COPT Defense's President & Chief Executive Officer, commented, “Our Defense/IT investment strategy, which concentrates our portfolio near priority U.S. defense installations, generated strong results in the first quarter with FFO per share exceeding the midpoint of our guidance range by $0.

COPT Defense Reports First Quarter 2024 Results

SAN FRANCISCO--(BUSINESS WIRE)--Cured by Innovaccer Inc., announces the launch of the Healthcare Experience Platform (HXP)—a comprehensive solution powered by AI to ignite patient engagement and revenue growth. The announcement comes on the back of Innovaccer's acquisition of Cured with the goal of collaborating to accelerate innovation for patient experiences and outcomes. “As more entrants, like large retailers, enter healthcare, patients' expectations for how they want to interact with care.

Cured by Innovaccer Launches AI-Powered Healthcare Experience Platform (HXP) to Fuel Holistic Consumer Experience

COPT Defense Properties owns specialized defense properties with high renewal rates and rent roll-ups, positioning the company for 4%-5% growth. The company benefits from the stability of government and defense-related tenants, with reliable rent payments and high renewal rates. COPT funds its developments without issuing equity and has a clean balance sheet, improving its stability and growth potential.

COPT Defense Properties: Slow And Steady Growth

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss first quarter 2024 results. Details:   Results Release Date:             Thursday, April 25, 2024 after the market closes Conference Call Date:             Friday, April 26, 2024 Time:             12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in n.

COPT Defense Provides Conference Call Details to Discuss 1Q 2024 Results

RLJ Lodging Trust

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of RLJ Lodging (RLJ) and COPT Defense (CDP). But which of these two companies is the best option for those looking for undervalued stocks?

RLJ or CDP: Which Is the Better Value Stock Right Now?

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi's 2024 Global Property CEO Conference. The presentation will be held on March 4, 2024 at 11:40 a.m. Eastern Time at The Diplomat Resort & Spa in Hollywood, Florida. A live audio webcast of the presentation and materials encompassing th.

COPT Defense to Present at Citi's 2024 Global Property CEO Conference

COPT Defense (CDP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

COPT Defense (CDP) Upgraded to Buy: What Does It Mean for the Stock?

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Paramount Group (PGRE) and COPT Defense (CDP). But which of these two stocks is more attractive to value investors?

PGRE vs. CDP: Which Stock Is the Better Value Option?

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the first quarter ending March 31, 2024. This represents an increase of 3.5%, or $0.01 per share, over the most recent quarterly dividend of $0.285. The first quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on April 17, 2024, to shareholders of.

COPT Defense Increases Quarterly Dividend by 3.5%

COPT Defense Properties (CDP) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for COPT Defense (CDP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

COPT Defense (CDP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.60 per share a year ago.

COPT Defense (CDP) Q4 FFO and Revenues Beat Estimates

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) is establishing the following guidance for the year ending December 31, 2024: 2024 Guidance. Diluted earnings per share (“EPS”) in the range of $1.15−$1.23; and Diluted FFO per share (“FFOPS”) - Nareit and as adjusted for comparability, in the range of $2.47−$2.55. 1Q24 Guidance. For the quarter ending March 31, 2024, the Company is establishing the following guidance: EPS in the range of $0.26.

News for COPT Defense Properties Stock (CDP)