COPT DEFENSE PROPERTIES

CDPNYSE

🏆 #818 by market capEarnings Oct 28US Equity

$36.39▼ $0.08 (−0.22%)

🌙 After hours$36.39▲ 0.00%Regular close · extended-hours price shown

1h—

24h▼ 0.2%

7d▼ 2.6%

14d▼ 4.5%

30d▼ 0.2%

1y▲ 31.5%

🏦Market Cap

$4.13B

Small Cap

📈Revenue Growth (YoY)

+4.5%

Slowing

📊Gross Margin

58.9%

Healthy

💵FCF Margin

6.7%

Moderate

⚖️P/S Ratio

10.5x

Elevated

Otter Score

Fair

Trading Snapshot

Day Range: $35.89 – $36.96
52-Week Range: $27.06 – $38.90
Volume: $2.33B
Avg Volume: $2.84B
Shares Outstanding: 113.4M
Next Earnings: Oct 10, 2026

Fundamentals Snapshot

Annual Revenue: $764M
Last Q Revenue: $197M
P/E Ratio: 50.2
P/S Ratio: 10.5x
EPS (TTM): $1.44
Dividend Yield: 1.66%

Why Investors Own CDP

✓High-growth profile — revenue up +56.9% YoY with expanding US Equity exposure.
✓Healthy economics — 54% gross margin and 23% free-cash-flow margin.
✓New products and segments could unlock additional revenue streams.

⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

Financial Trends

Revenue (TTM)

$764M▲ +62.1% YoY

Gross Margin (TTM)

54.4%▲ +0.1% YoY

Operating Income (TTM)

$209M▲ +62.1% YoY

Free Cash Flow (TTM)

$177M▲ +62.1% YoY

About COPT DEFENSE PROPERTIES

COPT is a Real Estate Investment Trust (REIT) that focuses on the ownership, management, leasing, development, and strategic acquisition of office and data center assets. The majority of its portfolio is dedicated to serving the United States Government and its contractors, particularly those engaged in national security, defense, and information technology (IT) operations, which the company identifies as growing, resilient, and high-priority missions. Furthermore, COPT maintains a collection of Class-A office properties located in select urban submarkets across the greater Washington, DC/Baltimore metropolitan area, distinguished by strong market characteristics. As of June 30, 2023, 90% of COPT's core portfolio's annual rental income originated from its Defense/IT locations, while the remaining 10% came from its Regional Office properties. On the same date, COPT's core portfolio, including 24 properties held via unconsolidated joint ventures, comprised 192 properties spanning 22.9 million square feet and maintained a 95% occupancy rate.

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