COPT Defense Properties Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	3,839	3,689	3,548	3,596	3,583
Total Real Estate Assets	3,839	3,689	3,548	3,596	3,583
Cash & Equivalents	274.99	38.28	167.82	12.34	13.26
Accounts Receivable	330.21	284.74	279.7	240.57	229.74
Investment In Debt and Equity Securities	-	-	-	-	5.58
Other Intangible Assets	19.77	10.7	6.85	9.96	14.57
Loans Receivable Current	69.86	69.68	81.51	84.62	82.23
Restricted Cash	-	-	-	-	4.05
Other Current Assets	-	-	-	161.29	216.67
Trading Asset Securities	0.11	1.32	2.56	2.63	0.36
Deferred Long-Term Tax Assets	-	-	-	-	1.84
Deferred Long-Term Charges	75.05	71.27	70.06	69.34	67.16
Other Long-Term Assets	92.57	89.43	90.93	80.91	43.86
Total Assets	4,702	4,254	4,247	4,257	4,262
Current Portion of Long-Term Debt	446.06	468.55	-	-	-
Current Portion of Leases	8.28	-	-	-	-
Long-Term Debt	2,322	1,923	2,416	2,232	2,272
Long-Term Leases	37.09	49.63	34.35	28.76	29.34
Accounts Payable	147.2	126.03	133.32	158	186.2
Other Current Liabilities	35.21	33.91	32.64	31.4	31.3
Long-Term Unearned Revenue	87.81	80.33	68.63	43.89	44.1
Other Long-Term Liabilities	30.68	11.97	14.41	15.69	15.23
Total Liabilities	3,114	2,694	2,700	2,510	2,578
Common Stock	1.13	1.13	1.13	1.12	1.12
Additional Paid-In Capital	2,503	2,494	2,490	2,486	2,482
Distributions in Excess of Earnings	-988.96	-1,003	-1,009	-807.51	-856.86
Comprehensive Income & Other	-0.06	0.99	2.12	2.07	-3.06
Total Common Equity	1,515	1,493	1,484	1,682	1,623
Minority Interest	72.9	67.48	63.42	65.95	61.23
Shareholders' Equity	1,588	1,561	1,547	1,748	1,684
Total Liabilities & Equity	4,702	4,254	4,247	4,257	4,262
Total Debt	2,813	2,441	2,451	2,261	2,302
Net Cash (Debt)	-2,538	-2,402	-2,280	-2,246	-2,288
Net Cash Per Share	-22.40	-21.27	-20.33	-19.94	-20.35
Filing Date Shares Outstanding	112.77	112.48	112.35	112.23	112.16
Total Common Shares Outstanding	112.78	112.48	112.36	112.24	112.16
Book Value Per Share	13.43	13.27	13.21	14.98	14.47
Tangible Book Value	1,495	1,482	1,477	1,672	1,608
Tangible Book Value Per Share	13.26	13.18	13.15	14.90	14.34
Land	519.26	495.71	482.96	539.81	572.9
Buildings	4,663	4,395	4,164	3,987	3,670
Construction In Progress	283.39	277.05	256.87	297.5	442.43

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.