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COPT Defense Properties (CDP)
NYSE: CDP · Real-Time Price · USD
38.03
+0.55 (1.47%)
Jul 24, 2026, 4:00 PM EDT - Market closed

Revenue

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Dec '13 Dec '12
Fort Meade/BW Corridor Revenue
332.84M329.92M317.32M
Redstone Arsenal Revenue
78.88M74.66M69.32M
NoVA Defense/IT Revenue
92.48M90.83M86.03M
Lackland Air Force Base Revenue
75.02M73.08M67.84M
Navy Support Revenue
34.60M33.57M32.63M
Data Center Shells Revenue
48.67M44.87M37.19M
Total Defense/IT Portfolio Revenue
662.49M646.92M610.33M
Other Segment Revenue
76.35M74.93M67.39M
Real Estate Operations Segment Revenue
738.85M721.85M677.72M
Construction Contract and Other Service Revenue
37.86M42.07M75.55M
Revenue (Total)
776.70M763.92M753.27M

Adjusted Gross Profit

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Dec '13 Dec '12
Fort Meade/BW Corridor Net Operating Income (NOI) from Real Estate Operations
210.80M212.43M208.53M
Redstone Arsenal Net Operating Income (NOI) from Real Estate Operations
51.30M48.03M45.13M
NoVA Defense/IT Net Operating Income (NOI) from Real Estate Operations
55.18M53.79M49.98M
Lackland Air Force Base Net Operating Income (NOI) from Real Estate Operations
34.96M33.01M30.67M
Navy Support Net Operating Income (NOI) from Real Estate Operations
18.55M17.71M17.48M
Data Center Shells Net Operating Income (NOI) from Real Estate Operations
48.35M45.08M38.28M
Total Defense/IT Portfolio Net Operating Income (NOI) from Real Estate Operations
419.14M410.05M390.07M
Other Segment Net Operating Income (NOI) from Real Estate Operations
34.26M35.58M28.86M
Total Real Estate Operations Net Operating Income (NOI)
453.40M445.63M418.93M
Construction Contract and Other Service Net Operating Income (NOI)
2.05M2.11M2.29M
Gross Profit (Total)
447.57M440.03M414.00M

Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Dec '13 Dec '12
Funds From Operation (FFO)
326.77M320.96M300.64M
Funds From Operation (FFO) Payout Ratio
-43.60%44.80%
Diluted Funds From Operation (FFO) Payout Ratio
-44.70%45.40%
Adjusted Diluted Funds From Operation (FFO) Payout Ratio
-44.60%45.40%
Defense/IT Portfolio - Number of Properties
201.00201.00197.00
Total Portfolio Number of Properties
207.00207.00203.00
Total Consolidated Number of Properties
183.00183.00179.00
Same Property - Number of Properties
203.00203.00198.00
Defense/IT Portfolio - Operational Square Feet
23.17M23.16M22.55M
Total Portfolio Operational Square Feet
25.16M25.15M24.54M
Total Consolidated Operational Square Feet
20.86M20.85M20.24M
Same Property - Operational Square Feet
24.56M24.56M23.86M
Defense/IT Portfolio - Occupancy Rate
95.60%95.50%95.40%
Total Portfolio Occupancy Rate
94.40%94.00%93.60%
Total Consolidated Occupancy Rate
93.20%92.80%92.20%
Same Property - Occupancy Rate
94.20%93.90%94.40%
Defense/IT Portfolio - Leased Rate
96.40%96.50%96.70%
Total Portfolio Leased Rate
95.20%95.30%95.10%
Total Consolidated Leased Rate
94.30%94.30%94.10%
Same Property - Leased Rate
95.10%95.40%95.70%
Defense/IT Portfolio - Annualized Rental Revenue (ARR)
667.44M657.26M620.29M
Total Operating Properties Annualized Rental Revenue (ARR)
741.78M728.09M686.84M
Total Consolidated Annualized Rental Revenue (ARR)
733.28M719.80M678.99M
Defense/IT Portfolio - Annualized Rental Revenue (ARR) per Occupied Square Foot
36.1835.6735.05
Total Consolidated Annualized Rental Revenue (ARR) per Occupied Square Foot
36.6636.1435.35
Same Property Net Operating Income (NOI)
444.52M427.97M413.07M
Same Property Cash Net Operating Income (NOI)
424.30M411.94M395.82M
Average Occupancy Rate - Same Property
-94.30%93.90%
Average Straight-Line Rent per Occupied Square Foot - Same Property
-28.4227.62