COPT Defense Properties (CDP)

NYSE: CDP · Real-Time Price · USD
26.91
+0.33 (1.22%)
Feb 21, 2025, 9:51 AM EST - Market open
1.22%
Market Cap 3.08B
Revenue (ttm) 753.66M
Net Income (ttm) 138.93M
Shares Out 114.59M
EPS (ttm) 1.23
PE Ratio 21.79
Forward PE 19.97
Dividend $1.18 (4.40%)
Ex-Dividend Date Dec 31, 2024
Volume 77,638
Open 26.86
Previous Close 26.73
Day's Range 26.73 - 27.06
52-Week Range 22.20 - 34.22
Beta 1.01
Analysts Buy
Price Target 33.14 (+23.34%)
Earnings Date Feb 6, 2025

About CDP

COPT Defense, 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 (“USG”) 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 September 30, 2024, the Company’s Defense/IT P... [Read more]

Industry REIT - Office
Sector Real Estate
Founded 1988
Employees 410
Stock Exchange NYSE
Ticker Symbol CDP
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for CDP stock is "Buy." The 12-month stock price forecast is $33.14, which is an increase of 23.34% from the latest price.

Price Target
$33.14
(23.34% upside)
Analyst Consensus: Buy
Stock Forecasts

News

COPT Defense Increases Quarterly Dividend by 3.4%

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 com...

17 hours ago - Business Wire

Sparkfly Expands to Over 18,000 Locations, Posts 30% Growth in 2024

ATLANTA--(BUSINESS WIRE)--Sparkfly, an award-winning retail technology solutions company, today announced significant growth and performance achievements for 2024. The company posted a 30 percent reve...

2 days ago - Business Wire

COPT Defense: High Rates And DOGE Uncertainty Limit Upside

COPT Defense Properties offers a unique defense real estate portfolio with high occupancy and a 4.2% dividend yield but faces growth headwinds from rising interest rates. CDP's specialized properties ...

8 days ago - Seeking Alpha

REITs Lead On Earnings Uplift

US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment...

Other symbols: AVBBDNCPTCUZDEADOCEGP
12 days ago - Seeking Alpha

COPT Defense Properties (CDP) Q4 2024 Earnings Call Transcript

COPT Defense Properties (NYSE:CDP) Q4 2024 Earnings Conference Call February 7, 2025 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President ...

13 days ago - Seeking Alpha

COPT Defense Establishes 2025 Guidance

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) is establishing the following guidance for the year ending December 31, 2025: 2025 Guidance Dilute...

14 days ago - Business Wire

COPT Defense Reports Strong Full Year 2024 Results

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the fourth quarter and full year ended December 31, 2024. Management Comment...

14 days ago - Business Wire

COPT Defense Announces Tax Treatment of 2024 Distributions

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced the 2024 tax treatment of its common share distributions as described below. Shareholder...

4 weeks ago - Business Wire

Become A 'Mission Critical' AI Landlord And Sleep Well At Night

Data center REITs have become the largest property sector, driven by AI demand and digital technology proliferation, making them core positions in market cap weighted ETFs. Digital Realty and Equinix ...

Other symbols: AMTDLREQIXIRMOPLD
4 weeks ago - Seeking Alpha

COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2024 Results and Management's 2025 Outlook

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 qua...

6 weeks ago - Business Wire

Property Type Round-Up From REITworld 2024

REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior h...

Other symbols: AHRAMHAMTAVBBRXBXBXP
2 months ago - Seeking Alpha

COPT Defense Properties (NYSE: CDP), President & CEO Steve Budorick Interviewed by Advisor Access

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

3 months ago - GlobeNewsWire

COPT Defense Declares Fourth Quarter 2024 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 $0.295 per com...

3 months ago - Business Wire

COPT Defense Properties (CDP) Q3 2024 Earnings Call Transcript

COPT Defense Properties (NYSE:CDP) Q3 2024 Earnings Conference Call October 29, 2024 12:00 PM ET Company Participants Venkat Kommineni - VP, IR Steve Budorick - President and CEO Britt Snider - EVP a...

4 months ago - Seeking Alpha

COPT Defense Reports Strong Third Quarter 2024 Results

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the third quarter ended September 30, 2024. Management Comments Stephen E. B...

4 months ago - Business Wire

COPT Defense Acquires Land for Data Center Shell Development near Des Moines, IA and an 80,000 Square Foot Building in San Antonio, TX

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) acquired a 365-acre land parcel near Des Moines, Iowa in late September for $32 million to expand ...

4 months ago - Business Wire

COPT Defense Properties Is Just Getting Started

COPT Defense Properties offers stable cash flow and growth potential due to its focus on specialized Defense/IT properties leased to U.S. government agencies and contractors. CDP has shown strong oper...

4 months ago - Seeking Alpha

COPT Defense Provides Conference Call Details to Discuss 3Q 2024 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 third quar...

5 months ago - Business Wire

COPT Defense to Present at the BofA Securities 2024 Global Real Estate 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 overview of the Company...

6 months ago - Business Wire

COPT Defense Declares Third Quarter 2024 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 $0.295 per com...

7 months ago - Business Wire

COPT Defense Properties (CDP) Q2 2024 Earnings Call Transcript

COPT Defense Properties (NYSE:CDP) Q2 2024 Earnings Conference Call July 30, 2024 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President & C...

7 months ago - Seeking Alpha

COPT Defense Reports Strong Second Quarter 2024 Results

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the second quarter ended June 30, 2024. Management Comments Stephen E. Budor...

7 months ago - Business Wire

COPT Defense Provides Conference Call Details to Discuss 2Q 2024 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 second qua...

8 months ago - Business Wire

COPT Defense Properties: Not Your Average Office REIT

COPT Defense Properties is a resilient office REIT with a focus on defense and IT tenants, leading to stable cash flows and high retention rates. The company benefits from long-term growth in defense ...

8 months ago - Seeking Alpha

COPT Defense to Present at Nareit's REITweek: 2024 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 a...

9 months ago - Business Wire