COPT Defense PropertiesCDP
CDP
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 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
57% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 23
12% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 107
5% more capital invested
Capital invested by funds: $3.53B [Q3] → $3.72B (+$190M) [Q4]
3.39% more ownership
Funds ownership: 103.19% [Q3] → 106.58% (+3.39%) [Q4]
3% more funds holding
Funds holding: 290 [Q3] → 299 (+9) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
63% less call options, than puts
Call options by funds: $186K | Put options by funds: $508K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$31
19%
upside
Avg. target
$31
19%
upside
High target
$31
19%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jefferies Peter Abramowitz 13% 1-year accuracy 2 / 16 met price target | 19%upside $31 | Buy Initiated | 17 Mar 2025 |
Financial journalist opinion
Based on 8 articles about CDP published over the past 30 days
Neutral
Seeking Alpha
1 day 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
2 days 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
2 days 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
2 days 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
2 days 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 week 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.
Negative
Seeking Alpha
1 week ago
Powell On The Hot Seat
US equity markets steadied this past week while bond markets rallied as investors parsed a surprisingly solid slate of economic data and a decent start to corporate earnings season. Early week gains were pared following comments from Fed Chair Powell regarding the inflationary impact of tariffs and the reluctance of the Fed to step in to support markets. The hawkish comments sparked a series of blistering critiques by President Trump, accusing the Fed Chair of "playing politics" and posting that his "termination cannot come fast enough."
Neutral
Business Wire
3 weeks ago
COPT Defense Provides Conference Call Details to Discuss 1Q 2025 Results
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 2025 results. Details: Results Release Date: Monday, April 28, 2025 after the market closes Conference Call Date: Tuesday, April 29, 2025 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 o.
Negative
Benzinga
1 month ago
COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks
JP Morgan analyst Anthony Paolone maintained the Neutral rating on COPT Defense Properties CDP, lowering the price forecast to $29 from $31.
Neutral
Business Wire
1 month ago
COPT Defense Executes 48,000 SF Lease with a Top 10 U.S. Defense Contractor at Franklin Center in Columbia Gateway
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) has executed a 10-year lease with a top 10 U.S. Defense Contractor for 48,100 square feet at 6841 Benjamin Franklin Drive (“Franklin Center”) in Columbia Gateway. With this transaction, Franklin Center is now 80% leased, with 41,000 square feet of remaining availability. Overall, the Company's 2.5 million square foot Columbia Gateway portfolio is now 92.0% leased, with only 200,000 square feet.
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