COPT Defense Properties (CDP)

COPT Defense Properties reported its First Quarter 2025 results on April 28, 2025, and declared its Second Quarter 2025 common dividend on May 20, 2025. On July 28, 2025, the company announced strong Second Quarter 2025 results, with FFO per share rising 6.3% year-over-year to $0.68, exceeding guidance, and raised its 2025 FFO per share guidance, causing the stock price to rise 2.44% in aftermarket trading. The company declared its Third Quarter 2025 common dividend on August 14, 2025. On September 23, 2025, COPT priced $400 million of 4.500% Senior Notes due 2030. In mid-September 2025, concerns about federal government cutbacks and a government shutdown led to a decline of approximately 10% in the company's stock value. On October 6, 2025, COPT announced an amendment and expansion of its credit agreement, increasing its unsecured revolving credit facility commitment to $800 million and extending its maturity to 2029. On October 8, 2025, an article upgraded COPT to a "buy" rating, citing its unique defense property portfolio and insulation from risks. On October 15, 2024, the company's stock reached a new 52-week high of $31.56, reflecting a 26.35% increase over the past year.

Demand for COPT Defense Properties' products and services exhibits low seasonality due to its specialized focus on mission-critical facilities for the U.S. government and defense contractors. The company's business model relies on long-term leases, providing stable and inflation-protected cash flows, making it less susceptible to seasonal fluctuations. Demand is primarily driven by sustained U.S. defense and government spending, rather than seasonal trends.

COPT Defense Properties (CDP) is a real estate investment trust (REIT) specializing in mission-critical facilities, leasing office buildings and data centers to the U.S. government and its defense contractors. As of December 31, 2024, COPT owned 164 office buildings totaling 16.5 million square feet and 31 single-tenant data centers comprising 5.9 million square feet. The company's core business segments include mission-critical facilities, build-to-suit development, and property management services, operating within the Real Estate sector and the REIT - Office industry.

COPT Defense Properties' geographic footprint is concentrated near key U.S. government defense installations, including the Washington, D.C. metropolitan area, Fort George G. Meade, the Baltimore/Washington Corridor, Northern Virginia Defense/IT Locations, Lackland Air Force Base in San Antonio, Texas, locations serving the U.S. Navy, and Redstone Arsenal in Huntsville, Alabama. The company also has data center shells in Northern Virginia and is developing data centers in Des Moines, Iowa.

COPT Defense Properties maintains a strong brand reputation within its specialized niche. The company rebranded to "COPT Defense" in October 2023 to better reflect its focus on defense properties, which was seen to have tremendous brand value with its customers. The company's responsibility reports have an aggregate usefulness score of 4.8 out of 5.0, indicating a positive perception of its transparency and corporate responsibility efforts. No specific negative events have significantly impacted COPT Defense Properties' reputation in the past year.

Major institutional owners of COPT Defense Properties include BlackRock Inc., Vanguard Group Inc., Alliancebernstein L.P., State Street Corp, and Earnest Partners Llc. Clay W. Hamlin III is the largest individual shareholder, owning 3.77 million shares, representing 3.34% of the company.