COPT Defense Properties (CDP)

COPT Defense Properties Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	788.06	766.73	753.66	684.72	740.77	665.54
Revenue Growth	4.87%	1.73%	10.07%	-7.57%	11.30%	13.93%
Net Income Net Income Growth	163.51	151.69	138.42	-74.67	172.58	76.07
Earnings Per Share EPS Growth	1.44	1.34	1.23	-0.67	1.53	0.68
EPS Growth	12.86%	9.26%	-	-	126.44%	-21.87%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Fort Meade/BW Corridor Fort Meade/BW Corridor Growth	333.44	329.92	317.32	292.7	273.79	262.12
Redstone Arsenal Redstone Arsenal Growth	80.04	74.66	69.32	55.13	38.59	35.73
NoVA Defense/IT NoVA Defense/IT Growth	95.29	90.83	86.03	80.41	73.99	65.85
Lackland Air Force Base Lackland Air Force Base Growth	77.1	73.08	67.84	67.25	62.91	57.76
Navy Support Navy Support Growth	35.86	33.57	32.63	32.64	32.75	33.76
Data Center Shells Data Center Shells Growth	53.98	44.87	37.19	27.44	35.72	31.58
Other Segment Other Segment Growth	76.31	74.93	67.39	69.22	68.62	100.27
Construction Contract and Other Service Construction Contract and Other Service Growth	32.16	42.07	75.55	60.18	154.63	107.88
Revenue (Total) Revenue (Total) Growth	784.18	763.92	753.27	684.98	739.03	664.45

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	24.17	275.1	39.6	170.38	14.97	13.62
Total Debt Total Debt Growth	2,636	2,813	2,441	2,451	2,261	2,302
Net Cash (Debt) Net Cash Growth	-2,612	-2,538	-2,402	-2,280	-2,246	-2,288
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-22.91	-22.40	-21.27	-20.33	-19.94	-20.35

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	337.44	309.93	330.96	276.27	265.83	249.15
Free Cash Flow Free Cash Flow Growth	337.44	309.93	330.96	276.27	265.83	249.15
Free Cash Flow Growth	3.48%	-6.35%	19.79%	3.93%	6.69%	4.50%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	30.65%	30.41%	28.36%	27.49%	24.73%	25.51%
Pretax Margin	21.92%	20.93%	19.14%	-10.77%	20.21%	11.77%
Profit Margin	20.75%	19.78%	18.37%	-10.90%	23.30%	11.43%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.280	1.220	1.180	1.140	1.100	1.100
Dividend Per Share Growth	4.55%	3.39%	3.51%	3.64%	0%	0%
Dividend Yield	3.46%	4.47%	4.06%	4.95%	4.95%	4.79%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	25.74	20.67	25.15	-	16.87	41.17
PS Ratio	5.41	4.09	4.62	4.20	3.93	4.71

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: May 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 12, 2026

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