COPT Defense Properties

CDP

Market cap $3.49B

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a build-to-suit lease in January 2026 with a Defense/IT tenant in its Maryland portfolio. The Company's anticipated capital commitment to this 236,000 square foot facility is $146 million, with rent commencement expected in the third quarter of 2028. “We continue to see strong demand for build-to-suit development in our Defense/IT Portfolio, as demonstrated by the $277 million of capit.

COLUMBIA, Md.--(BUSINESS WIRE)--It is with great sadness that COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the passing of its former CEO and Trustee, Roger A. Waesche, Jr. Mr. Waesche spent over 30 years at the Company and, throughout his remarkable career, served in a number of capacities including CFO, COO, and as CEO from 2011 until his retirement in 2016. Most notably, he was the initial architect of the Strategic Reallocation Program announced in 2011, wh.

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a build-to-suit lease in December 2025 with a Fortune 100 Company in San Antonio, Texas. Construction is expected to commence on this 132,000 square foot, high-security specialized facility in the third quarter of 2026, with rent commencement expected in the fourth quarter of 2027. The anticipated capital commitment to this development project is $88 million, which densifies the Compan.

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) completed 557,000 square feet of vacancy leasing in 2025, with a weighted-average lease term of roughly 7.5 years, which exceeded the Company's initial target by nearly 40%. The Company provided an initial vacancy leasing target of 400,000 square feet in February 2025, then increased the target to 450,000 square feet in July 2025, and increased the target again to 500,000 square feet in October.

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 fourth quarter and year end 2025 results and guidance for 2026. Details: Results Release Date: Thursday, February 5, 2026 after the market closes Conference Call Date: Friday, February 6, 2026 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in.

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a build-to-suit lease in December 2025 with the University of Maryland's (UMD) Applied Research Laboratory for Intelligence and Security (ARLIS) at 4400 River Road in College Park, Maryland, located in the UMD Discovery District. The Company is expected to commence construction of the 110,000 square foot, four-story Class A office development in the first quarter of 2026 and is schedul.

COPT Defense Properties is rated a buy, offering a unique blend of AI-driven data center upside and stable, monopolistic defense property cash flows. CDP's regulatory moat, high-security tenant base, and 97% leased portfolio insulate it from generic office REIT headwinds and cyclical real estate risks. AI data center demand enables 91% rent increases and 100% occupancy, while strategic land holdings in Northern Virginia and Iowa offer material embedded value.

The Goldman Sachs Small Cap Value Fund – Institutional Shares underperformed its benchmark, the Russell 2000 Value Index (net), during the quarter. Stock selection in Financials and Real Estate contributed the most to relative returns, while stock selection in Consumer Discretionary and Energy detracted from relative returns. We initiated a position in bank holding company, Columbia Banking System (0.9%), during the quarter.

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 Properties: A Unique Specialty Real Estate Franchise Supporting National Defense COPT Defense Properties: A Unique Specialty Real Estate Franchise Supporting National Defense