COPT Defense Properties (CDP)

COPT Defense Properties' stock has been impacted by several key events in the past six months. On February 5, 2026, the company released its Q4 2025 earnings, reporting an EPS of $0.70 and quarterly revenue of $197.36 million, exceeding analyst estimates, which led to the stock rising 2.19% in premarket trading on February 6, 2026. The company reported Funds From Operations per share (FFOPS) of $2.72 for 2025, marking the seventh consecutive year of growth. Throughout 2025, CDP exceeded its vacancy leasing targets, completing 557,000 square feet of vacancy leasing. The company also committed $278 million to five new development projects in 2025, which are 81% pre-leased. In late December 2025, COPT committed approximately $155 million to two fully pre-leased build-to-suit projects. Additionally, in October 2025, the company amended its Revolver, increasing the aggregate lender commitment from $600 million to $800 million and extending the maturity date from October 2026 to October 2029. Higher financing costs are expected to weigh on 2026 FFO growth.

Demand for COPT Defense Properties' products and services exhibits near-zero cyclicality. The company's demand is closely aligned with government spending priorities and the increasing demand for computing power, indicating that the company's business is not significantly impacted by seasonal fluctuations.

COPT Defense Properties (CDP) is a real estate investment trust (REIT) specializing in mission-critical facilities for the U.S. government and private defense contractors. The company focuses on build-to-suit defense and IT infrastructure, operating in the Real Estate sector, primarily in Office REITs, with a growing presence in Data Centers. CDP provides secure defense and IT facilities and powered data center shells, recognized as a leading provider of secure, high-tech spaces.

COPT Defense Properties' geographic footprint is strategically concentrated near key U.S. government defense installations and intelligence community hubs, including Huntsville, Alabama, and Northern Virginia. The company also has a significant presence in Maryland, near Fort George G. Meade, and in Texas, near Lackland Air Force Base and San Antonio. CDP has expanded its diversification with a recent purchase in Iowa for data center development in Des Moines.

COPT Defense Properties has maintained a strong brand reputation over the past year, driven by its consistent operational and financial outperformance. The company has a track record of meeting or exceeding its guidance for 32 consecutive quarters. High occupancy rates and strong tenant retention further underscore its positive standing with clients. There have been no reported events in the past year that have negatively affected COPT Defense Properties' reputation.

COPT Defense Properties (CDP) has a high level of institutional ownership, with 633 institutional owners and shareholders holding a total of 144,816,394 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Alliancebernstein L.p., State Street Corp, Earnest Partners Llc, VGSIX - Vanguard Real Estate Index Fund Investor Shares, IJH - iShares Core S&P Mid-Cap ETF, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Westwood Holdings Group Inc, and Jpmorgan Chase & Co. The largest individual shareholder is Clay W. Hamlin Iii, owning 3.33% of the company's shares.