COPT Defense Properties

Rising US Defense Spending Will Expand Mission Critical Lease Demand

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

18 Mar 25

Updated

11 Dec 25

Views

28

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-5.7%

7D

0.07%

Loading

1Y

-5.7%

7D

0.07%

You can edit this narrative until Dec 12 10:05 AM. Then, changes will post as Updates.

Author's Valuation

US$33.2512.2% undervalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

CDP: Future AI Office Demand Will Support Premium Multiple At Raised 33 Price Level

Analysts have lifted their price target on COPT Defense Properties to $33.00 from a prior range of $30.00 to $32.00, citing resilient REIT operating trends and growing enthusiasm for AI driven demand in key office markets as support for maintaining a premium valuation multiple. Analyst Commentary Recent Street research on COPT Defense Properties reflects a generally constructive view on the company’s fundamentals and outlook, with multiple firms aligning around a $33 price target while differing somewhat on risk and execution assumptions.

Shared on 27 Nov 25

Fair value Increased 2.08%

CDP: Future Demand Will Reflect Stable Operations and Exposure to AI Sectors

Analysts have increased their price target for COPT Defense Properties from $32.57 to $33.25, citing stable operating conditions and favorable exposure to growth sectors such as artificial intelligence and prime office markets. Analyst Commentary Recent analyst updates reflect both confidence in COPT Defense Properties' positioning and a measured view of its near-term challenges.

Shared on 18 Sep 25

Fair value Increased 2.24%

A modest uptick in both the analyst price target and discount rate for COPT Defense Properties—despite an essentially unchanged future P/E—suggests a slightly more optimistic outlook with increased required returns, raising the fair value estimate to $32.57. What's in the News Raised full-year 2025 diluted EPS guidance to $1.30–$1.34 from $1.28–$1.34.

Shared on 01 May 25

Fair value Decreased 2.19%

Shared on 24 Apr 25

Fair value Decreased 0.49%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 0.76%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.39%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 0.84%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 4.81%

AnalystConsensusTarget has decreased revenue growth from 4.0% to 3.1%.

AnalystConsensusTarget Fair Value

US$33.25

12.2% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

3.34%

Office REITs revenue growth rate

-0.00%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.59%

Calculation

US$154.34m

Earnings '28

x

30.57x

PE Ratio '28

=

US$4.72b

Market Cap '28

US$4.72b

Market Cap '28

/

114.47m

No. shares '28

=

US$41.22

Share Price '28

US$41.22 Share Price '28

Discounted to 2025 @ 7.57% p.a.

=

US$33.11

Fair Value '25