COPT Defense Properties
About: COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. Its tenants include the USG and their defense contractors, who are engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. Its properties include 195 operating properties totaling approximately 22.4 million square feet comprised of 16.5 million square feet in 164 office properties and 5.9 million square feet in 31 single-tenant data center shells.
Employees: 427
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
316% more call options, than puts
Call options by funds: $624K | Put options by funds: $150K
22% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 98
3% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 33
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
0.8% less ownership
Funds ownership: 106.62% [Q4 2024] → 105.82% (-0.8%) [Q1 2025]
2% less funds holding
Funds holding: 302 [Q4 2024] → 297 (-5) [Q1 2025]
13% less capital invested
Capital invested by funds: $3.72B [Q4 2024] → $3.25B (-$466M) [Q1 2025]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
5%
upside
Avg. target
$31
7%
upside
High target
$31
8%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Wells Fargo Blaine Heck | 5%upside $30 | Overweight Maintained | 19 May 2025 |
Jefferies Peter Abramowitz | 8%upside $31 | Buy Initiated | 17 Mar 2025 |
Financial journalist opinion
Based on 3 articles about CDP published over the past 30 days
Negative
Seeking Alpha
2 weeks ago
U.S. REIT Same-Store Net Operating Income Growth Slips In Q1
US equity REITs reported a marginal decline in the median growth rate of their same-store NOI in Q1 as the commercial real estate market continues to face macroeconomic challenges. Among all US equity REITs, the healthcare sector recorded the largest year-over-year gain in same-store NOI during the first quarter, with a median increase of 7.1%. During the first quarter, the office segment incurred losses in its same-store NOI, posting a median year-over-year decline of 0.9%.
Neutral
Business Wire
2 weeks ago
COPT Defense to Present at Nareit's REITweek: 2025 Investor Conference
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: 2025 Investor Conference. The presentation will be held on June 3, 2025 at 8:45 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 availab.
Neutral
Business Wire
3 weeks ago
COPT Defense Declares Second Quarter 2025 Common Dividend
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 $0.305 per common share for the second quarter ending June 30, 2025. The second quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on July 16, 2025, to shareholders of record on June 30, 2025. In addition, the Company announced the publishing of its eleventh annual Corporate.
Positive
Seeking Alpha
1 month ago
COPT Defense Properties: Undervalued With Solid Growth Prospects
COPT Defense Properties offers a defensive investment with a 4.6% dividend yield, supported by mission-critical Defense/IT assets and minimal exposure to at-risk GSA tenants. Solid operating results include 4.8% YoY FFO/share growth, 93.6% occupancy, and strong leasing momentum, particularly in cybersecurity hubs. With a discounted forward P/FFO of 9.98, CDP presents a favorable risk-reward setup for potentially strong long-term total returns.
Neutral
Seeking Alpha
1 month ago
COPT Defense Properties (CDP) Q1 2025 Earnings Call Transcript
COPT Defense Properties (NYSE:CDP ) Q1 2025 Results Conference Call April 28, 2025 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President and Chief Executive Officer Britt Snider - Executive Vice President and Chief Operating Officer Anthony Mifsud - Executive Vice President and Chief Financial Officer Conference Call Participants Blaine Heck - Wells Fargo Seth Bergey - Citigroup Global Markets Anthony Paolone - JPMorgan Manus Ebbecke - Evercore ISI Richard Anderson - Wedbush Securities Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Tom Catherwood - BTIG Steve Sakwa - Evercore ISI Operator Good day, ladies and gentlemen. Welcome to the COPT Defense Properties First Quarter 2025 Results Conference Call.
Positive
Zacks Investment Research
1 month ago
COPT Defense (CDP) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for COPT Defense (CDP) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
COPT Defense (CDP) Q1 FFO Match Estimates
COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.65 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.62 per share a year ago.
Neutral
Business Wire
1 month ago
COPT Defense Reports First Quarter 2025 Results
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the first quarter ended March 31, 2025. 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 at the midpoint of our guidance range, despite inc.
Neutral
Business Wire
1 month ago
COPT Defense Executes Two Investment Leases in Redstone Gateway Totaling 55,000 SF, Bringing Total Portfolio Year-to-Date Investment Leasing to 103,000 SF
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) has executed two investment leases in Redstone Gateway totaling 55,000 square feet, bringing the total portfolio year-to-date investment leasing to 103,000 square feet. In the first quarter of 2025, the Company signed a lease with the U.S. Department of Defense for 40,800 square feet at 8100 Rideout Road. With this transaction, the property is now 79% leased, with only 27,000 square feet of rem.
Positive
Zacks Investment Research
1 month ago
What Analyst Projections for Key Metrics Reveal About COPT Defense (CDP) Q1 Earnings
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for COPT Defense (CDP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
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