COPT Defense Properties (CDP)
NYSE: CDP · Real-Time Price · USD
36.95
-0.33 (-0.89%)
Aug 14, 2026, 4:00 PM EDT - Market closed
COPT Defense Properties Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Rental Revenue | 745.05 | 714.18 | 671.37 | 619.85 | 580.17 | 553.67 |
Other Revenue | 43.01 | 52.55 | 82.3 | 64.87 | 160.6 | 111.87 |
| 788.06 | 766.73 | 753.66 | 684.72 | 740.77 | 665.54 | |
Revenue Growth (YoY | 4.87% | 1.73% | 10.07% | -7.57% | 11.30% | 13.93% |
Property Expenses | 328.95 | 323.89 | 339.27 | 304.8 | 377.39 | 317.43 |
Selling, General & Administrative | 49.69 | 47.84 | 47.04 | 42.77 | 38.99 | 40.77 |
Depreciation & Amortization | 167.87 | 161.83 | 153.64 | 148.95 | 141.23 | 137.54 |
Total Operating Expenses | 546.51 | 533.56 | 539.94 | 496.52 | 557.61 | 495.75 |
Operating Income | 241.55 | 233.17 | 213.72 | 188.2 | 183.16 | 169.79 |
Interest Expense | -93.66 | -86.66 | -82.15 | -71.14 | -61.17 | -65.4 |
Interest & Investment Income | 11.04 | 9.95 | 12.28 | 13.2 | 9.34 | 7.88 |
Other Non-Operating Income | 3.87 | 0.82 | 0.38 | -0.53 | -0.27 | 1.13 |
EBT Excluding Unusual Items | 162.81 | 157.28 | 144.23 | 129.73 | 131.06 | 113.4 |
Gain (Loss) on Sale of Assets | 10.07 | 3.35 | - | 49.39 | 19.25 | 65.59 |
Asset Writedown | - | - | - | -252.8 | - | - |
Other Unusual Items | -0.16 | -0.15 | - | -0.08 | -0.61 | -100.63 |
Pretax Income | 172.72 | 160.48 | 144.23 | -73.76 | 149.7 | 78.37 |
Income Tax Expense | 0.89 | 0.95 | 0.29 | 0.59 | 0.45 | 0.15 |
Earnings From Continuing Operations | 171.84 | 159.53 | 143.94 | -74.35 | 149.25 | 78.22 |
Earnings From Discontinued Operations | - | - | - | - | 29.57 | 3.36 |
Net Income to Company | 171.84 | 159.53 | 143.94 | -74.35 | 178.82 | 81.58 |
Minority Interest in Earnings | -7.62 | -7.22 | -5.01 | 0.88 | -5.79 | -5.04 |
Net Income | 164.22 | 152.32 | 138.93 | -73.47 | 173.03 | 76.54 |
Preferred Dividends & Other Adjustments | 0.71 | 0.62 | 0.51 | 1.2 | 0.45 | 0.47 |
Net Income to Common | 163.51 | 151.69 | 138.42 | -74.67 | 172.58 | 76.07 |
Net Income Growth | 13.77% | 9.59% | - | - | 126.86% | -21.52% |
Basic Shares Outstanding | 113 | 113 | 112 | 112 | 112 | 112 |
Diluted Shares Outstanding | 114 | 113 | 113 | 112 | 113 | 112 |
Shares Change | 0.81% | 0.36% | 0.64% | -0.39% | 0.18% | 0.30% |
EPS (Basic) | 1.45 | 1.35 | 1.23 | -0.67 | 1.54 | 0.68 |
EPS (Diluted) | 1.44 | 1.34 | 1.23 | -0.67 | 1.53 | 0.68 |
EPS Growth | 12.86% | 9.26% | - | - | 126.44% | -21.87% |
Dividend Per Share | 1.250 | 1.220 | 1.180 | 1.140 | 1.100 | 1.100 |
Dividend Growth | 4.17% | 3.39% | 3.51% | 3.64% | 0% | 0% |
Operating Margin | 30.65% | 30.41% | 28.36% | 27.49% | 24.73% | 25.51% |
Profit Margin | 20.75% | 19.78% | 18.37% | -10.90% | 23.30% | 11.43% |
EBITDA | 411.17 | 396.87 | 369.74 | 339.6 | 326.75 | 320.44 |
EBITDA Margin | 52.18% | 51.76% | 49.06% | 49.60% | 44.11% | 48.15% |
D&A For Ebitda | 169.61 | 163.7 | 156.02 | 151.4 | 143.59 | 150.64 |
EBIT | 241.55 | 233.17 | 213.72 | 188.2 | 183.16 | 169.79 |
EBIT Margin | 30.65% | 30.41% | 28.36% | 27.49% | 24.73% | 25.51% |
Funds From Operations (FFO) | 323.4 | 313.22 | 294.37 | - | - | - |
FFO Per Share | 2.79 | 2.72 | 2.57 | - | - | - |
Adjusted Funds From Operations (AFFO) | - | 233.93 | 220.07 | - | - | - |
AFFO Per Share | 2.19 | 2.03 | 1.93 | - | - | - |
FFO Payout Ratio | 43.20% | 43.61% | 44.79% | - | - | - |
Effective Tax Rate | 0.51% | 0.59% | 0.20% | - | 0.30% | 0.18% |
Revenue as Reported | 784.18 | 763.92 | 753.27 | 684.98 | 739.03 | 664.45 |