속보 • May 21
COPT Defense Properties Reports Rating Upgrade and Lifts Guidance on Pre-Leased Pipeline COPT Defense Properties reported its 23rd consecutive quarter of year-over-year funds from operations (FFO) growth.
Moody’s upgraded the company’s credit rating, citing its operating profile and balance sheet.
Management raised guidance for FFO per share and same-property net operating income (NOI) growth, and reported a development pipeline with most projects already pre-leased.
This track record of consistent FFO growth, together with higher guidance and a largely pre-leased development pipeline, indicates a business that currently appears supported by existing tenant demand and internal growth projects.
For investors, the key trade-off to consider is the potential stability implied by the rating upgrade and pre-leasing, compared with typical REIT risks such as interest rate sensitivity, tenant concentration and execution risk on the development pipeline. Declared Dividend • May 18
First quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 3.9%, which is lower than the industry average of 5.5%. 공시 • May 16
COPT Defense Properties announces Quarterly dividend, payable on July 15, 2026 COPT Defense Properties announced Quarterly dividend of USD 0.3200 per share payable on July 15, 2026, ex-date on June 30, 2026 and record date on June 30, 2026. Reported Earnings • Apr 28
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.34 (up from US$0.31 in 1Q 2025). Revenue: US$200.6m (up 6.6% from 1Q 2025). Net income: US$38.6m (up 12% from 1Q 2025). Profit margin: 19% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 공시 • Apr 01
COPT Defense Properties to Report Q1, 2026 Results on Apr 27, 2026 COPT Defense Properties announced that they will report Q1, 2026 results After-Market on Apr 27, 2026 공시 • Mar 31
COPT Defense Properties, Annual General Meeting, May 14, 2026 COPT Defense Properties, Annual General Meeting, May 14, 2026. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.32 per share Eligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (5.8%). Price Target Changed • Mar 03
Price target increased by 7.2% to US$35.50 Up from US$33.13, the current price target is an average from 8 analysts. New target price is 10% above last closing price of US$32.16. Stock is up 20% over the past year. The company is forecast to post earnings per share of US$1.34 for next year compared to US$1.35 last year. Declared Dividend • Feb 23
Fourth quarter dividend increased to US$0.32 Dividend of US$0.32 is 4.9% higher than last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 3.8%, which is lower than the industry average of 5.5%. 공시 • Feb 20
COPT Defense Properties Declares Quarterly Cash Dividend First Quarter Ending March 31, 2026, Payable on April 15, 2026 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.32 per common share for the first quarter ending March 31, 2026, which is payable on April 15, 2026, to shareholders of record on March 31, 2026. The first quarter dividend represents an annualized amount of $1.28 per share and is a 4.9% increase, or $0.015 per share, over the most recent quarterly dividend of $0.305. Reported Earnings • Feb 07
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: FFO per share: US$2.8 (up from US$2.62 in FY 2024). Revenue: US$766.7m (up 1.7% from FY 2024). Funds from operations (FFO): US$313.2m (up 6.4% from FY 2024). FFO margin: 41% (up from 39% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 공시 • Feb 06
COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2026 and Year Ending December 31, 2026 COPT Defense Properties provided earnings guidance for the first quarter ending March 31, 2026 and year ending December 31, 2026. For the quarter ending March 31, 2026, the Company is establishing the following guidance: EPS in the range of $0.30-$0.32.
For the year, the company expects Diluted earnings per share (“EPS”) in the range of $1.21-$1.29. 공시 • Jan 07
COPT Defense Properties to Report Q4, 2025 Results on Feb 05, 2026 COPT Defense Properties announced that they will report Q4, 2025 results After-Market on Feb 05, 2026 Upcoming Dividend • Dec 24
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (4.7%). New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Declared Dividend • Nov 17
Third quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 4.2%, which is lower than the industry average of 5.5%. 공시 • Nov 14
COPT Defense Properties Declares Fourth Quarter 2025 Common Dividend, Payable on January 15, 2026 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the fourth quarter ending December 31, 2025. The fourth quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on January 15, 2026, to shareholders of record on December 31, 2025. Reported Earnings • Nov 02
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: FFO per share: US$0.7 (up from US$0.67 in 3Q 2024). Revenue: US$190.6m (flat on 3Q 2024). Funds from operations (FFO): US$80.0m (up 6.9% from 3Q 2024). FFO margin: 42% (up from 40% in 3Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. 공시 • Oct 02
COPT Defense Properties to Report Q3, 2025 Results on Oct 30, 2025 COPT Defense Properties announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Upcoming Dividend • Sep 23
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 30 September 2025. Payment date: 16 October 2025. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (4.4%). Declared Dividend • Aug 18
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 30th September 2025 Payment date: 16th October 2025 Dividend yield will be 4.3%, which is lower than the industry average of 5.5%. 공시 • Aug 15
COPT Defense Properties Declares Dividend for the Third Quarter Ending September 30, 2025, Payable on October 16, 2025 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the third quarter ending September 30, 2025. The third quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on October 16, 2025, to shareholders of record on September 30, 2025. Reported Earnings • Jul 29
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.34 (up from US$0.31 in 2Q 2024). Revenue: US$189.9m (up 1.4% from 2Q 2024). Net income: US$38.3m (up 9.6% from 2Q 2024). Profit margin: 20% (up from 19% in 2Q 2024). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공시 • Jul 02
COPT Defense Properties to Report Q2, 2025 Results on Jul 28, 2025 COPT Defense Properties announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 공시 • Jun 30
COPT Defense Properties(NYSE:CDP) dropped from Russell 2000 Dynamic Index COPT Defense Properties(NYSE:CDP) dropped from Russell 2000 Dynamic Index Upcoming Dividend • Jun 23
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 16 July 2025. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (4.7%). Declared Dividend • May 23
First quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 30th June 2025 Payment date: 16th July 2025 Dividend yield will be 4.5%, which is lower than the industry average of 5.5%. 공시 • May 21
COPT Defense Declares Dividend for the Second Quarter Ending June 30, 2025, Payable on July 16, 2025 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the second quarter ending June 30, 2025. The second quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on July 16, 2025, to shareholders of record on June 30, 2025. Reported Earnings • Apr 29
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: FFO per share: US$0.7 (up from US$0.64 in 1Q 2024). Revenue: US$188.2m (down 2.6% from 1Q 2024). Funds from operations (FFO): US$74.3m (up 4.2% from 1Q 2024). FFO margin: 40% (up from 37% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. 공시 • Apr 29
COPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2025 and Revises Earnings Guidance for the Year Ending December 31, 2025 COPT Defense Properties provided earnings guidance for the second quarter ending June 30, 2025 and revised earnings guidance for the year ending December 31, 2025. For the quarter, the company expected diluted EPS of $0.31 to $0.33.
For the year, the company is narrowing its full-year guidance for diluted EPS $1.27 to $1.35 to new ranges of $1.28 to $1.34. 공시 • Apr 04
COPT Defense Properties to Report Q1, 2025 Results on Apr 28, 2025 COPT Defense Properties announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 공시 • Apr 03
COPT Defense Properties, Annual General Meeting, May 20, 2025 COPT Defense Properties, Annual General Meeting, May 20, 2025. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 31 March 2025. Payment date: 16 April 2025. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (5.1%). Declared Dividend • Feb 25
Fourth quarter dividend increased to US$0.30 Dividend of US$0.30 is 3.4% higher than last year. Ex-date: 31st March 2025 Payment date: 16th April 2025 Dividend yield will be 4.4%, which is lower than the industry average of 5.5%. 공시 • Feb 21
COPT Defense Properties Declares Dividend for the First Quarter Ending March 31, 2025, Payable on April 16, 2025 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the first quarter ending March 31, 2025. This represents an increase of 3.4%, or $0.01 per share, over the most recent quarterly dividend of $0.295. The first quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on April 16, 2025, to shareholders of record on March 31, 2025. Reported Earnings • Feb 07
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: FFO per share: US$2.6 (up from US$2.45 in FY 2023). Revenue: US$753.7m (up 10% from FY 2023). Funds from operations (FFO): US$294.4m (up 6.9% from FY 2023). FFO margin: 39% (down from 40% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. 공시 • Feb 07
Copt Defense Properties Provides Earnings Guidance for the First Quarter and Full Year 2025 COPT Defense Properties provides earnings guidance for the first quarter and full year 2025. For the quarter, the company expects earnings per share in the range of $0.31-$0.33.
For the full year, the company expects Diluted earnings per share in the range of $1.27-$1.35. 공시 • Jan 09
COPT Defense Properties to Report Q4, 2024 Results on Feb 06, 2025 COPT Defense Properties announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2025 Upcoming Dividend • Dec 24
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (4.6%). Declared Dividend • Nov 18
Third quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 3.9%, which is lower than the industry average of 5.5%. 공시 • Nov 15
COPT Defense Properties Declares Dividend for the Fourth Quarter Ending December 31, 2024, Payable on January 15, 2025 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the fourth quarter ending December 31, 2024. The fourth quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on January 15, 2025, to shareholders of record on December 31, 2024. Price Target Changed • Nov 12
Price target increased by 8.1% to US$35.14 Up from US$32.50, the current price target is an average from 7 analysts. New target price is 11% above last closing price of US$31.75. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$1.25 next year compared to a net loss per share of US$0.67 last year. New Risk • Nov 06
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$291k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (US$291k sold). Recent Insider Transactions • Nov 06
President recently sold US$291k worth of stock On the 4th of November, Stephen Budorick sold around 9k shares on-market at roughly US$32.38 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: US$0.32 (up from US$1.94 loss in 3Q 2023). Revenue: US$189.2m (up 12% from 3Q 2023). Net income: US$36.1m (up US$253.3m from 3Q 2023). Profit margin: 19% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 공시 • Oct 29
COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2024 COPT Defense Properties provided earnings guidance for the fourth quarter ending December 31, 2024. For the quarter, the company expects diluted EPS in the range of $0.31 to $0.33. 공시 • Oct 04
COPT Defense Properties to Report Q3, 2024 Results on Oct 28, 2024 COPT Defense Properties announced that they will report Q3, 2024 results After-Market on Oct 28, 2024 Upcoming Dividend • Sep 23
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 17 October 2024. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (4.5%). Price Target Changed • Aug 23
Price target increased by 7.0% to US$30.50 Up from US$28.50, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of US$29.12. Stock is up 16% over the past year. The company is forecast to post earnings per share of US$1.24 next year compared to a net loss per share of US$0.67 last year. Declared Dividend • Aug 12
Second quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 30th September 2024 Payment date: 17th October 2024 Dividend yield will be 4.1%, which is lower than the industry average of 5.5%. 공시 • Aug 09
COPT Defense Properties Declares Common Stock Dividend for the Third Quarter Ending September 30, 2024, Payable on October 17, 2024 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the third quarter ending September 30, 2024. The third quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on October 17, 2024, to shareholders of record on September 30, 2024. Reported Earnings • Jul 30
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: EPS: US$0.31 (up from US$0.27 in 2Q 2023). Revenue: US$187.3m (up 11% from 2Q 2023). Net income: US$35.2m (up 17% from 2Q 2023). Profit margin: 19% (up from 18% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. 공시 • Jul 04
COPT Defense Properties to Report Q2, 2024 Results on Jul 29, 2024 COPT Defense Properties announced that they will report Q2, 2024 results After-Market on Jul 29, 2024 Upcoming Dividend • Jun 21
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 28 June 2024. Payment date: 17 July 2024. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.8%). Lower than average of industry peers (5.7%). Declared Dividend • May 13
First quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 28th June 2024 Payment date: 17th July 2024 Dividend yield will be 4.7%, which is lower than the industry average of 5.5%. 공시 • May 11
COPT Defense Properties Declares Common Stock Dividend for the Second Quarter Ending June 30, 2024, Payable on July 17, 2024 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the second quarter ending June 30, 2024. The second quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on July 17, 2024, to shareholders of record on June 28, 2024. Reported Earnings • Apr 27
First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2024 results: FFO per share: US$0.6 (up from US$0.60 in 1Q 2023). Revenue: US$193.3m (up 16% from 1Q 2023). Funds from operations (FFO): US$71.4m (up 5.5% from 1Q 2023). FFO margin: 37% (down from 40% in 1Q 2023). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. 공시 • Apr 04
COPT Defense Properties to Report Q1, 2024 Results on Apr 25, 2024 COPT Defense Properties announced that they will report Q1, 2024 results After-Market on Apr 25, 2024 Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Trustee Essye Miller was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Mar 29
COPT Defense Properties, Annual General Meeting, May 09, 2024 COPT Defense Properties, Annual General Meeting, May 09, 2024, at 09:30 Eastern Daylight. Upcoming Dividend • Mar 20
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 17 April 2024. Trailing yield: 4.8%. Within top quartile of American dividend payers (4.7%). Lower than average of industry peers (5.4%). Declared Dividend • Feb 26
Fourth quarter dividend increased to US$0.29 Dividend of US$0.29 is 3.5% higher than last year. Ex-date: 27th March 2024 Payment date: 17th April 2024 Dividend yield will be 4.8%, which is lower than the industry average of 5.5%. 공시 • Feb 23
COPT Defense Properties Declares Regular Dividend for the First Quarter Ending March 31, 2024, Payable on April 17, 2024 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the first quarter ending March 31, 2024. This represents an increase of 3.5%, or $0.01 per share, over the most recent quarterly dividend of $0.285. The first quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on April 17, 2024, to shareholders of record on March 29, 2024. Reported Earnings • Feb 10
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: FFO per share: US$2.5 (up from US$2.39 in FY 2022). Revenue: US$685.0m (down 7.5% from FY 2022). Funds from operations (FFO): US$275.3m (up 2.7% from FY 2022). FFO margin: 40% (up from 36% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 공시 • Feb 09
COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2024 and Full Year Ending December 31, 2024 COPT Defense Properties provided earnings guidance for the first quarter ending March 31, 2024 and full year ending December 31, 2024. For the quarter, the company expects EPS in the range of $0.26 - $0.28.For the year 2024, the company expects EPS in the range of $1.15 - $1.23. 공시 • Jan 10
COPT Defense Properties to Report Q4, 2023 Results on Feb 08, 2024 COPT Defense Properties announced that they will report Q4, 2023 results After-Market on Feb 08, 2024 Upcoming Dividend • Dec 22
Upcoming dividend of US$0.28 per share at 4.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 18 January 2024. Trailing yield: 4.5%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (5.2%). 공시 • Nov 15
COPT Defense Appoints Britt A. Snider as Executive Vice President and Chief Operating Officer, Effective December 1, 2023 COPT Defense Properties announced the appointment of Britt A. Snider as Executive Vice President and Chief Operating Officer, effective December 1, 2023. Mr. Snider is an established commercial real estate executive with nearly 20 years of experience in development, asset management, property management and leasing, corporate operations, and corporate strategy. Prior to joining COPT Defense, he served as Principal of Redbrick LMD, a diversified real estate investment and development company based in Washington, D.C., where he was a member of the senior leadership team overseeing the company’s development, asset management and leasing activities. Prior to Redbrick, Mr. Snider served as Senior Vice President at was Development, a real estate investment and development company based in Chestnut Hill, Massachusetts, where he led the company’s mixed-use development initiatives outside of the Boston Seaport. Between 2006 and 2019, Mr. Snider served as Executive Vice President, Head of Commercial Asset Management and Principal, Development at JBG Smith, a mixed-use investment and development real estate investment trust, where he oversaw the company’s office portfolio and development activities. Previous to JBG, Mr. Snider worked in the Real Estate Investment Banking Group at Friedman Billings Ramsey. In his new capacity, Mr. Snider will manage the overall operations of the Company including asset management and leasing, property management, government services, and commercial development. His responsibilities will also include developing and executing strategies to expand the Company’s investment opportunities, predominantly regarding new development at existing Defense/IT Properties. Mr. Snider received his B.A., Cum Laude, from Amherst College and his M.B.A. from the University of North Carolina’s Kenan-Flagler Business School. 공시 • Nov 10
Copt Defense Declares Fourth Quarter 2023 Common Dividend Ending December 31, 2023, Payable on January 18, 2024 COPT Defense Properties announced that its Board of Trustees declared a regular quarterly dividend of $0.285 per common share for the fourth quarter ending December 31, 2023. The fourth quarter 2023 dividend represents an annualized amount of $1.14 per share and is payable on January 18, 2024, to shareholders of record on December 29, 2023. 공시 • Oct 29
COPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2023 COPT Defense Properties revised earnings guidance for the year ending December 31, 2023. For the year, the company expects revised Diluted LPS to be in the range of $0.71 to $0.69 compared to previously expected Diluted EPS to be in the range of $1.49 to $1.53. 공시 • Oct 28
COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023 COPT Defense Properties provided earnings guidance for the fourth quarter Ending December 31, 2023. Diluted EPS of from $0.27 to $0.29. Reported Earnings • Oct 28
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: FFO per share: US$0.6 (up from US$0.59 in 3Q 2022). Revenue: US$168.5m (down 7.8% from 3Q 2022). Funds from operations (FFO): US$68.5m (up 3.2% from 3Q 2022). FFO margin: 41% (up from 36% in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Office REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. 공시 • Oct 13
COPT Defense Properties to Report Q3, 2023 Results on Oct 26, 2023 COPT Defense Properties announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2023 
