COPT Defense Properties (CDP)

NYSE: CDP · Real-Time Price · USD
31.11
+0.45 (1.47%)
Dec 20, 2024, 4:00 PM EST - Market closed
1.47%
Market Cap 3.57B
Revenue (ttm) 749.50M
Net Income (ttm) 136.97M
Shares Out 114.61M
EPS (ttm) 1.21
PE Ratio 25.77
Forward PE 23.79
Dividend $1.18 (3.79%)
Ex-Dividend Date Dec 31, 2024
Volume 872,501
Open 30.61
Previous Close 30.66
Day's Range 30.10 - 31.45
52-Week Range 22.20 - 34.22
Beta 1.00
Analysts Buy
Price Target 32.14 (+3.31%)
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 December 31, 2023, the Company’s Defense/IT Po... [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 $32.14, which is an increase of 3.31% from the latest price.

Price Target
$32.14
(3.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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
17 days 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

4 weeks 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...

5 weeks 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...

7 weeks 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...

7 weeks 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 ...

7 weeks 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...

2 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...

2 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...

3 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...

4 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...

5 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...

5 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...

6 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 ...

6 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...

7 months ago - Business Wire

3 'Mission Critical' REITs

Many investors make the mistake of buying unsteady stocks or overpriced steady stocks, similar to the tulip mania bubble in the 1600s. American Tower is a cell tower REIT that plays a critical role in...

Other symbols: AMTARE
7 months ago - Seeking Alpha

COPT Defense Declares Second 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...

8 months ago - Business Wire

Stagflation Is Back

U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic ...

8 months ago - Seeking Alpha

COPT Defense Properties (CDP) Q1 2024 Earnings Call Transcript

COPT Defense Properties (NYSE:CDP) Q1 2024 Earnings Conference Call April 26, 2024 12:00 PM ET Company Participants Venkat Kommineni - VP of IR Stephen Budorick - President & CEO Britt Snider - COO A...

8 months ago - Seeking Alpha

COPT Defense Acquires 202,000 Square Foot Building in Columbia, MD

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced the acquisition of a 202,000 square foot Class A building, located in Columbia Gateway a...

8 months ago - Business Wire

COPT Defense Reports First Quarter 2024 Results

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the first quarter ended March 31, 2024. Management Comments Stephen E. Budor...

8 months ago - Business Wire

Cured by Innovaccer Launches AI-Powered Healthcare Experience Platform (HXP) to Fuel Holistic Consumer Experience

SAN FRANCISCO--(BUSINESS WIRE)--Cured by Innovaccer Inc., announces the launch of the Healthcare Experience Platform (HXP)—a comprehensive solution powered by AI to ignite patient engagement and reven...

8 months ago - Business Wire

COPT Defense Properties: Slow And Steady Growth

COPT Defense Properties owns specialized defense properties with high renewal rates and rent roll-ups, positioning the company for 4%-5% growth. The company benefits from the stability of government a...

9 months ago - Seeking Alpha

COPT Defense Provides Conference Call Details to Discuss 1Q 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 first quar...

9 months ago - Business Wire

COPT Defense to Present at Citi's 2024 Global Property CEO Conference

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company a...

10 months ago - Business Wire