COPT Defense Properties (CDP)
NYSE: CDP · Real-Time Price · USD
33.81
-0.73 (-2.11%)
Jun 15, 2026, 4:00 PM EDT - Market closed
Revenue
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | Dec '18 Dec 31, 2018 | Dec '17 Dec 31, 2017 | Dec '16 Dec 31, 2016 | Dec '15 Dec 31, 2015 | Dec '14 Dec 31, 2014 | Dec '13 Dec 31, 2013 | Dec '12 Dec 31, 2012 |
Fort Meade/BW Corridor Revenue | 332.84M | 329.92M | 317.32M | ||||||||||||
Fort Meade/BW Corridor Revenue Growth | 0.89% | 3.97% | 8.41% | ||||||||||||
Redstone Arsenal Revenue | 78.88M | 74.66M | 69.32M | ||||||||||||
Redstone Arsenal Revenue Growth | 5.66% | 7.71% | 25.73% | ||||||||||||
NoVA Defense/IT Revenue | 92.48M | 90.83M | 86.03M | ||||||||||||
NoVA Defense/IT Revenue Growth | 1.82% | 5.58% | 6.99% | ||||||||||||
Lackland Air Force Base Revenue | 75.02M | 73.08M | 67.84M | ||||||||||||
Lackland Air Force Base Revenue Growth | 2.66% | 7.73% | 0.87% | ||||||||||||
Navy Support Revenue | 34.60M | 33.57M | 32.63M | ||||||||||||
Navy Support Revenue Growth | 3.08% | 2.88% | -0.03% | ||||||||||||
Data Center Shells Revenue | 48.67M | 44.87M | 37.19M | ||||||||||||
Data Center Shells Revenue Growth | 8.47% | 20.64% | 35.51% | ||||||||||||
Total Defense/IT Portfolio Revenue | 662.49M | 646.92M | 610.33M | ||||||||||||
Total Defense/IT Portfolio Revenue Growth | 2.41% | 6.00% | 9.85% | ||||||||||||
Other Segment Revenue | 76.35M | 74.93M | 67.39M | ||||||||||||
Other Segment Revenue Growth | 1.90% | 11.19% | -2.65% | ||||||||||||
Real Estate Operations Segment Revenue | 738.85M | 721.85M | 677.72M | ||||||||||||
Real Estate Operations Segment Revenue Growth | 2.35% | 6.51% | 8.47% | ||||||||||||
Construction Contract and Other Service Revenue | 37.86M | 42.07M | 75.55M | ||||||||||||
Construction Contract and Other Service Revenue Growth | -10.03% | -44.31% | 25.54% | ||||||||||||
Revenue (Total) | 776.70M | 763.92M | 753.27M | ||||||||||||
Revenue (Total) Growth | 1.67% | 1.42% | 9.97% |
Adjusted Gross Profit
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | Dec '18 Dec 31, 2018 | Dec '17 Dec 31, 2017 | Dec '16 Dec 31, 2016 | Dec '15 Dec 31, 2015 | Dec '14 Dec 31, 2014 | Dec '13 Dec 31, 2013 | Dec '12 Dec 31, 2012 |
Fort Meade/BW Corridor Net Operating Income (NOI) from Real Estate Operations | 210.80M | 212.43M | 208.53M | ||||||||||||
Fort Meade/BW Corridor Net Operating Income (NOI) from Real Estate Operations Growth | -0.77% | 1.87% | 8.92% | ||||||||||||
Redstone Arsenal Net Operating Income (NOI) from Real Estate Operations | 51.30M | 48.03M | 45.13M | ||||||||||||
Redstone Arsenal Net Operating Income (NOI) from Real Estate Operations Growth | 6.80% | 6.42% | 25.43% | ||||||||||||
NoVA Defense/IT Net Operating Income (NOI) from Real Estate Operations | 55.18M | 53.79M | 49.98M | ||||||||||||
NoVA Defense/IT Net Operating Income (NOI) from Real Estate Operations Growth | 2.58% | 7.63% | 2.37% | ||||||||||||
Lackland Air Force Base Net Operating Income (NOI) from Real Estate Operations | 34.96M | 33.01M | 30.67M | ||||||||||||
Lackland Air Force Base Net Operating Income (NOI) from Real Estate Operations Growth | 5.89% | 7.65% | 0.10% | ||||||||||||
Navy Support Net Operating Income (NOI) from Real Estate Operations | 18.55M | 17.71M | 17.48M | ||||||||||||
Navy Support Net Operating Income (NOI) from Real Estate Operations Growth | 4.74% | 1.33% | -3.01% | ||||||||||||
Data Center Shells Net Operating Income (NOI) from Real Estate Operations | 48.35M | 45.08M | 38.28M | ||||||||||||
Data Center Shells Net Operating Income (NOI) from Real Estate Operations Growth | 7.26% | 17.75% | 21.92% | ||||||||||||
Total Defense/IT Portfolio Net Operating Income (NOI) from Real Estate Operations | 419.14M | 410.05M | 390.07M | ||||||||||||
Total Defense/IT Portfolio Net Operating Income (NOI) from Real Estate Operations Growth | 2.22% | 5.12% | 9.47% | ||||||||||||
Other Segment Net Operating Income (NOI) from Real Estate Operations | 34.26M | 35.58M | 28.86M | ||||||||||||
Other Segment Net Operating Income (NOI) from Real Estate Operations Growth | -3.69% | 23.27% | 3.99% | ||||||||||||
Total Real Estate Operations Net Operating Income (NOI) | 453.40M | 445.63M | 418.93M | ||||||||||||
Total Real Estate Operations Net Operating Income (NOI) Growth | 1.74% | 6.37% | 9.07% | ||||||||||||
Construction Contract and Other Service Net Operating Income (NOI) | 2.05M | 2.11M | 2.29M | ||||||||||||
Construction Contract and Other Service Net Operating Income (NOI) Growth | -3.08% | -7.57% | -17.30% | ||||||||||||
Gross Profit (Total) | 447.57M | 440.03M | 414.00M | ||||||||||||
Gross Profit (Total) Growth | 1.71% | 6.29% | 8.90% |
Key Performance Indicators
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | Dec '18 Dec 31, 2018 | Dec '17 Dec 31, 2017 | Dec '16 Dec 31, 2016 | Dec '15 Dec 31, 2015 | Dec '14 Dec 31, 2014 | Dec '13 Dec 31, 2013 | Dec '12 Dec 31, 2012 |
Funds From Operation (FFO) | 326.77M | 320.96M | 300.64M | ||||||||||||
Funds From Operation (FFO) Growth | 1.81% | 6.76% | 6.90% | ||||||||||||
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 | 201.00 | 201.00 | 197.00 | ||||||||||||
Defense/IT Portfolio - Number of Properties Growth | - | 2.03% | 3.68% | ||||||||||||
Total Portfolio Number of Properties | 207.00 | 207.00 | 203.00 | ||||||||||||
Total Portfolio Number of Properties Growth | - | 1.97% | 2.53% | ||||||||||||
Total Consolidated Number of Properties | 183.00 | 183.00 | 179.00 | ||||||||||||
Total Consolidated Number of Properties Growth | - | 2.23% | 2.87% | ||||||||||||
Same Property - Number of Properties | 203.00 | 203.00 | 198.00 | ||||||||||||
Same Property - Number of Properties Growth | - | 2.53% | 4.76% | ||||||||||||
Defense/IT Portfolio - Operational Square Feet | 23.17M | 23.16M | 22.55M | ||||||||||||
Defense/IT Portfolio - Operational Square Feet Growth | 0.03% | 2.71% | 3.82% | ||||||||||||
Total Portfolio Operational Square Feet | 25.16M | 25.15M | 24.54M | ||||||||||||
Total Portfolio Operational Square Feet Growth | 0.03% | 2.49% | 2.84% | ||||||||||||
Total Consolidated Operational Square Feet | 20.86M | 20.85M | 20.24M | ||||||||||||
Total Consolidated Operational Square Feet Growth | 0.04% | 3.01% | 3.47% | ||||||||||||
Same Property - Operational Square Feet | 24.56M | 24.56M | 23.86M | ||||||||||||
Same Property - Operational Square Feet Growth | - | 2.93% | 7.37% | ||||||||||||
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) | 667.44M | 657.26M | 620.29M | ||||||||||||
Defense/IT Portfolio - Annualized Rental Revenue (ARR) Growth | 1.55% | 5.96% | 6.88% | ||||||||||||
Total Operating Properties Annualized Rental Revenue (ARR) | 741.78M | 728.09M | 686.84M | ||||||||||||
Total Operating Properties Annualized Rental Revenue (ARR) Growth | 1.88% | 6.00% | 6.21% | ||||||||||||
Total Consolidated Annualized Rental Revenue (ARR) | 733.28M | 719.80M | 678.99M | ||||||||||||
Total Consolidated Annualized Rental Revenue (ARR) Growth | 1.87% | 6.01% | 6.11% | ||||||||||||
Defense/IT Portfolio - Annualized Rental Revenue (ARR) per Occupied Square Foot | 36.18 | 35.67 | 35.05 | ||||||||||||
Defense/IT Portfolio - Annualized Rental Revenue (ARR) per Occupied Square Foot Growth | 1.43% | 1.77% | 3.88% | ||||||||||||
Total Consolidated Annualized Rental Revenue (ARR) per Occupied Square Foot | 36.66 | 36.14 | 35.35 | ||||||||||||
Total Consolidated Annualized Rental Revenue (ARR) per Occupied Square Foot Growth | 1.44% | 2.23% | 3.54% | ||||||||||||
Same Property Net Operating Income (NOI) | 444.52M | 427.97M | 413.07M | ||||||||||||
Same Property Net Operating Income (NOI) Growth | 3.87% | 3.61% | 9.61% | ||||||||||||
Same Property Cash Net Operating Income (NOI) | 424.30M | 411.94M | 395.82M | ||||||||||||
Same Property Cash Net Operating Income (NOI) Growth | 3.00% | 4.07% | 12.24% | ||||||||||||
Average Occupancy Rate - Same Property | - | 94.30% | 93.90% | ||||||||||||
Average Straight-Line Rent per Occupied Square Foot - Same Property | - | 28.42 | 27.62 | ||||||||||||
Average Straight-Line Rent per Occupied Square Foot - Same Property Growth | - | 2.90% | 1.66% |