For Q1 FY2026 (ended March 31, 2026), COPT Defense Properties reported revenue of $200.6 million, up 6.8% year-over-year. Net income was $13.7 million, a significant decline of 83.2% from the prior year. Diluted EPS rose 9.7% to $0.34. The company had $28.6 million in cash, $1.51 billion in equity, and $2.55 billion in long-term debt.
•Revenue increased 6.8% YoY to $200.6 million.
•Net income fell 83.2% YoY to $13.7 million.
•Diluted EPS grew 9.7% to $0.34.
•Long-term debt stood at $2.55 billion as of quarter end.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
COPT Defense Properties, an S&P MidCap 400 Company is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government defense installations and missions (referred to as its Defense/IT Portfolio).
The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements.
As of March 31, 2026, the Company's Defense/IT Portfolio of 201 properties Including 24 owned through unconsolidated joint ventures, encompassed 23.2 million square feet and was 96.4% leased. COPT Defense Properties was incorporated in 1988 and is based in Columbia, United States.
COPT Defense Properties is a self-managed real estate investment trust (REIT) focused on owning, operating, and developing properties near or containing key U.S. Government defense installations and missions. Its portfolio, known as the Defense/IT Portfolio, primarily serves the U.S. Government and its defense contractors, who are engaged in priority national security activities. These tenants require mission-critical and high-security property enhancements. As of March 31, 2026, the company's portfolio included 201 properties (24 owned through unconsolidated joint ventures), totaling 23.2 million square feet, with a 96.4% lease rate. The company is an S&P MidCap 400 constituent and has been operating since its incorporation in 1988.
Where is COPT Defense Properties (CDP) listed and in what currency?
COPT Defense Properties is listed on the New York Stock Exchange (NYSE) under the ticker symbol CDP. Its securities are traded in U.S. Dollars (USD), reflecting its primary operations in the United States. The company is headquartered in Columbia, Maryland, United States, and its financial reporting is conducted in USD.
What sector and industry does COPT Defense Properties (CDP) operate in?
COPT Defense Properties operates in the Real Estate sector, specifically within the REIT - Office industry. As a real estate investment trust, it focuses on owning, operating, and developing office properties that are strategically located near U.S. Government defense installations. Its properties are tailored to meet the high-security and mission-critical needs of its tenants, which include the U.S. Government and defense contractors. The company's specialization in defense-related real estate sets it apart within the broader office REIT industry.
Where is COPT Defense Properties (CDP) headquartered and what markets does it serve?
COPT Defense Properties is headquartered in Columbia, Maryland, United States. The company serves the U.S. market, with a specific focus on properties located near or containing key U.S. Government defense installations and missions. Its tenants are primarily the U.S. Government and defense contractors engaged in national security activities. As of March 31, 2026, the company's Defense/IT Portfolio comprised 201 properties across the United States, encompassing 23.2 million square feet. The portfolio is 96.4% leased, indicating strong demand from its tenant base.
What is the business model of COPT Defense Properties (CDP) and how does it generate revenue?
COPT Defense Properties generates revenue as a self-managed REIT by owning, operating, and developing office properties that are leased to tenants. Its primary tenants are the U.S. Government and defense contractors, who require mission-critical and high-security property enhancements. The company earns rental income from its Defense/IT Portfolio, which as of March 31, 2026, included 201 properties (24 through unconsolidated joint ventures) totaling 23.2 million square feet with a 96.4% lease rate. By focusing on properties near key defense installations, the company benefits from stable demand tied to national security priorities. Its self-managed structure allows it to control operations and development directly, enhancing efficiency and tenant relationships.