CDP

COPT Defense Properties

CDP.US copt.com
35.43
-0.03 (-0.08%)
USD · NYSE
52-week range
26.26
38.90
Trading at 73% of the 52-week range
Market Cap
4.11B
P/E Ratio
24.46
Forward P/E
38.17
Book Value
13.54
Div. Yield
3.56%
% Institutions
117.48%
% Insiders
0.249%

1 Year

+20.7%

3 Year

+61.1%

10 Year

+98.2%
Description

COPT Defense Properties, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of June 30, 2026, the Company's Defense/IT Portfolio of 202 properties, including 24 owned through unconsolidated joint ventures, encompassed 23.3 million square feet and was 96.4% leased. COPT Defense Properties was incorporated in 1988 and is based in Columbia, United States.

Company Information

Company Name
COPT Defense Properties
Sector
Real Estate
Industry
REIT - Office
Exchange
NYSE
ISIN: US22002T1088
CIK: 0000860546
CUSIP: 209759109
Currency: USD
Full Time Employees: 430
Phone: 443 285 5400
Website: copt.com
Fiscal Year End: December
IPO Date: Dec 31, 1991
Description:

COPT Defense Properties, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government defense installations and missions (referred to as its Defense/IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of June 30, 2026, the Company's Defense/IT Portfolio of 202 properties, including 24 owned through unconsolidated joint ventures, encompassed 23.3 million square feet and was 96.4% leased. COPT Defense Properties was incorporated in 1988 and is based in Columbia, United States.

Address:

6711 Columbia Gateway Drive, Columbia, MD, United States, 21046-2383

People

Directors & Officers

Name Title Year Born
Mr. Stephen E. Budorick President, CEO & Trustee 1960
Mr. Anthony Mifsud CPA Executive VP & CFO 1964
Mr. Britt A. Snider Executive VP & COO 1977
Mr. Matthew T. Myers Senior VP, Chief Accounting Officer & Controller 1984
Mr. Venkat Kommineni C.F.A. Vice President of Investor Relations NA
Mr. David L. Finch VP, General Counsel & Secretary NA
Ms. Sarah Blackwell Rowland Director of Human Resources NA
Mr. Dean A. Lopez Senior Vice President of Development & Construction NA
Mr. Frank W. Ziegler Senior Vice President of New Business & Development Government Services NA
Mr. William S. Barroll Managing SVP of Asset Management & Chief Business Officer NA

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 23, 2026 Philip L Hawkins N/A Sale 5.54K $32.71 $181.08K
Sep 17, 2025 Lisa G Trimberger N/A Sale 4.90K $30.72 $150.41K
Sep 17, 2025 Lisa G Trimberger N/A Sale 3.00K $30.52 $91.56K
Jul 16, 2025 Lisa C. McClain N/A Sale N/A $28.06 N/A
Jun 11, 2025 Lisa C. McClain N/A Purchase N/A $28.41 N/A
May 15, 2025 Robert L. Denton N/A Sale 4.40K $26.70 $117.43K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 21.30M Mar 31, 2026 18.78% $0.01 17.73%
Vanguard Portfolio Management, LLC 11.86M Mar 31, 2026 10.46% $0.02 0.00%
AllianceBernstein L.P. 8.84M Mar 31, 2026 7.79% $0.08 -4.31%
State Street Corp 6.84M Mar 31, 2026 6.03% $0.01 7.35%
Vanguard Capital Management, LLC 5.05M Mar 31, 2026 4.46% $0.00 0.00%
JPMorgan Chase & Co 4.86M Mar 31, 2026 4.28% $0.01 25.73%
Earnest Partners LLC 4.52M Mar 31, 2026 3.99% $0.57 -2.08%
Geode Capital Management, LLC 3.27M Mar 31, 2026 2.88% $0.01 3.72%
Westwood Holdings Group Inc 3.25M Mar 31, 2026 2.86% $0.72 -10.07%
Channing Capital Management, LLC 2.89M Jun 30, 2026 2.55% $2.42 -2.99%
Bank of America Corp 2.32M Mar 31, 2026 2.05% $0.01 -1.41%
SEI Investments Co 2.29M Mar 31, 2026 2.02% $0.06 -0.32%
Charles Schwab Investment Management Inc 2.25M Mar 31, 2026 1.98% $0.01 -0.47%
Two Sigma Investments LLC 2.24M Mar 31, 2026 1.98% $0.06 131.86%
Morgan Stanley - Brokerage Accounts 2.22M Mar 31, 2026 1.96% $0.00 94.27%
GRS Advisors, LLC 1.93M Jun 30, 2026 1.70% $5.93 17.02%
Deutsche Bank AG 1.76M Mar 31, 2026 1.55% $0.02 1,080.92%
Principal Financial Group Inc 1.75M Jun 30, 2026 1.54% $0.03 -0.11%
Dimensional Fund Advisors, Inc. 1.67M Jun 30, 2026 1.47% $0.01 -0.78%
Northern Trust Corp 1.61M Mar 31, 2026 1.42% $0.01 4.96%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard Real Estate Index Investor 4.31M 3.80% ▼ 0.04% Jul 31, 2026
2 iShares Core S&P Mid-Cap ETF 3.95M 3.48% ▲ 0.04% Aug 31, 2026
3 Vanguard MStar Total Stk Mkt Idx Invest 3.62M 3.19% ▲ 0.38% Jul 31, 2026
4 iShares Russell 2000 ETF 2.98M 2.63% ▼ 0.57% Aug 31, 2026
5 Vanguard Small Cap Index 2.61M 2.30% ▲ 0.20% Jul 31, 2026
6 EARNEST Partners Smid Cap Core Fdrs 1.76M 1.55% ▲ 0.00% Jul 31, 2026
7 Vanguard MStar Small Cap Value Index 1.66M 1.46% ▲ 0.31% Jul 31, 2026
8 Vanguard Institutional Extnd Mkt Idx Tr 1.30M 1.15% ▲ 0.53% Jul 31, 2026
9 Fidelity Small Cap Index 1.27M 1.12% ▲ 11.21% Jun 30, 2026
10 Vanguard Strategic Equity Inv 1.14M 1.01% ▲ 0.00% Jun 30, 2026

Financial Highlights

Market Cap: $4.11B
EBITDA: $411.17M
P/E Ratio: $24.46
PEG Ratio: $1.02
Book Value: $13.54
Dividend/Share: $1.25
Dividend Yield: 3.56%
Earnings/Share: $1.45
Profit Margin: 20.84%
Operating Margin: 32.17%
ROA (TTM): 3.43%
ROE (TTM): 10.83%
Revenue (TTM): $788.06M
Revenue/Share (TTM): $6.99
Earnings Growth (YOY): 19.20%
Revenue Growth (YOY): 3.90%

Valuation Metrics

Enterprise Value: $6.59B
Trailing P/E: 24.46
Forward P/E: 38.17

Shares Statistics

Shares Outstanding: 113.41M
Shares Float: 112.07M
% Insiders: 0.249%
% Institutions: 117.48%
Short % Float: 8.49%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$763.92M
Cost of Goods Sold
adjust
$-646.07M
Gross Profit
subtotal
$117.85M
SG&A
adjust
$-32.78M
Other Operating Expense
adjust
$-79.74M
Operating Income
subtotal
$230.37M
Other / Non-Operating Items
adjust
$-78.05M
Net Income
subtotal
$152.32M

Earnings Per Share (EPS) History

Financial Ratios

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