View ValuationCOPT Defense Properties 향후 성장Future 기준 점검 0/6COPT Defense Properties (는) 각각 연간 2.3% 및 4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 2.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 11% 로 예상됩니다.핵심 정보2.3%이익 성장률2.27%EPS 성장률Office REITs 이익 성장-6.1%매출 성장률4.0%향후 자기자본이익률11.02%애널리스트 커버리지Low마지막 업데이트15 May 2026최근 향후 성장 업데이트공시 • Apr 29+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Full Year Ending December 31, 2026COPT Defense Properties revised earnings guidance for the full year ending December 31, 2026. Management is revising and increasing the midpoint of its full-year guidance for diluted EPS of $1.21-$1.29 to new range of $1.24-$1.30.Price Target Changed • Mar 03Price target increased by 7.2% to US$35.50Up 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.공시 • Feb 06COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2026 and Year Ending December 31, 2026COPT 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 • Oct 31+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2025COPT Defense Properties revised earnings guidance for the year ending December 31, 2025. For the year, the company now expects Diluted EPS in the range of $1.35 to $1.37 against previous range of Diluted EPS of $1.30 to $1.34.공시 • Jul 29+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2025COPT Defense Properties revised earnings guidance for the year ending December 31, 2025. For the year, the company now expects Diluted EPS in the range of $1.30 to $1.34 against previous range of Diluted EPS of $1.28 to $1.34.공시 • Apr 29COPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2025 and Revises Earnings Guidance for the Year Ending December 31, 2025COPT 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.모든 업데이트 보기Recent updates속보 • 12hCOPT Defense Properties Reports Rating Upgrade and Lifts Guidance on Pre-Leased PipelineCOPT 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 18First quarter dividend of US$0.32 announcedShareholders 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 16COPT Defense Properties announces Quarterly dividend, payable on July 15, 2026COPT 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.공시 • Apr 29+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Full Year Ending December 31, 2026COPT Defense Properties revised earnings guidance for the full year ending December 31, 2026. Management is revising and increasing the midpoint of its full-year guidance for diluted EPS of $1.21-$1.29 to new range of $1.24-$1.30.Reported Earnings • Apr 28First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst 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.내러티브 업데이트 • Apr 23CDP: 2026 Lease Retention And Dividend Path Will Guide Fairly Valued SharesAnalysts have revised the COPT Defense Properties price target slightly lower, from about $35.50 to roughly $35.38, reflecting updated views on lease retention risk and modestly revised assumptions for the discount rate, profit margin, and forward P/E. Analyst Commentary Recent Street research on COPT Defense Properties points to a mixed setup, with some analysts slightly more constructive on valuation and others focused on execution risk around future lease rollovers.내러티브 업데이트 • Apr 08CDP: 2026 Lease Retention And Dividend Outlook Will Shape Potential UpsideAnalysts raised their price target on COPT Defense Properties by $2 to $33, citing recent Street research that emphasizes the importance of considering 2026 lease expirations when assessing the REIT. Analyst Commentary Recent Street research around the new US$33 price target focuses heavily on how COPT Defense Properties handles 2026 lease expirations and what that could mean for valuation and execution over the next few years.공시 • Apr 01COPT Defense Properties to Report Q1, 2026 Results on Apr 27, 2026COPT Defense Properties announced that they will report Q1, 2026 results After-Market on Apr 27, 2026공시 • Mar 31COPT Defense Properties, Annual General Meeting, May 14, 2026COPT Defense Properties, Annual General Meeting, May 14, 2026.Upcoming Dividend • Mar 24Upcoming dividend of US$0.32 per shareEligible 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%).내러티브 업데이트 • Mar 24CDP: 2026 Lease Retention And Rising Dividend Are Expected To Drive UpsideAnalysts have nudged their price targets for COPT Defense Properties higher, with recent moves to $33 and above grounded in expectations that management can effectively address 2026 lease expirations and maintain occupancy. Analyst Commentary Recent research notes on COPT Defense Properties focus heavily on how 2026 lease expirations and tenant retention could influence valuation over the next couple of years.Seeking Alpha • Mar 17COPT Defense Properties: A Resilient REIT With Inflecting GrowthSummary COPT Defense Properties remains a "Buy," benefiting from its unique, defense-focused real estate niche and durable government tenant base. CDP’s portfolio is insulated from remote work and defense spending cuts, with 80% high-security assets and 94% occupancy in core defense properties. FFO growth is expected to be modest in 2026 due to higher interest costs, but Huntsville expansion and Space Command relocation position CDP for accelerated growth from 2027 onward. Shares trade at 11.7x FFO, a 15% sector discount, with a secure 4% yield and improving leverage, supporting further upside as valuation normalizes. Read the full article on Seeking Alpha내러티브 업데이트 • Mar 09CDP: Lease Retention And Dividend Growth Will Shape Balanced Future ReturnsThe analyst price target for COPT Defense Properties has been nudged higher by $0.38 to $35.50, as analysts factor in updated assumptions around revenue growth, profit margins, discount rate and future P/E, following recent Street research price target increases from firms such as Truist, Citi and Cantor Fitzgerald. Analyst Commentary Recent Street research has centered on how lease retention, revenue growth assumptions and valuation inputs may shape the outlook for COPT Defense Properties, with several firms adjusting their price targets in response.Price Target Changed • Mar 03Price target increased by 7.2% to US$35.50Up 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 23Fourth quarter dividend increased to US$0.32Dividend 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%.내러티브 업데이트 • Feb 23CDP: Defense Leasing And Dividend Increases Will Support Balanced Future ReturnsAnalysts have raised their price target on COPT Defense Properties by $1.75 to $35.13, citing updated assumptions for slightly higher revenue growth and a modestly lower discount rate, partly offset by adjusted profit margin and P/E expectations. Analyst Commentary Recent research has generally taken a constructive view on COPT Defense Properties, with multiple price target increases clustered around the low to mid US$30s.공시 • Feb 20COPT Defense Properties Declares Quarterly Cash Dividend First Quarter Ending March 31, 2026, Payable on April 15, 2026COPT 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.내러티브 업데이트 • Feb 08CDP: Defense Leasing Pipeline And Stable REIT Conditions Will Support Premium MultipleAnalysts have nudged their fair value estimate for COPT Defense Properties up slightly to $33.38 from $33.25, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E, alongside recent Street research citing generally healthy REIT operating conditions. Analyst Commentary Recent Street research reflects a generally constructive tone on COPT Defense Properties, with the fair value adjustment and updated price targets grounded in current REIT operating conditions and the latest earnings season readthroughs.Reported Earnings • Feb 07Full year 2025 earnings: EPS in line with analyst expectations despite revenue beatFull 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 06COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2026 and Year Ending December 31, 2026COPT 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 07COPT Defense Properties to Report Q4, 2025 Results on Feb 05, 2026COPT Defense Properties announced that they will report Q4, 2025 results After-Market on Feb 05, 2026내러티브 업데이트 • Dec 25CDP: AI Gateway Office Demand Will Support Premium Multiple At 33Analysts have modestly lifted their price target on COPT Defense Properties to $33.00, citing resilient REIT sector fundamentals, slightly faster projected revenue growth, marginally better profit margins, and supportive demand trends tied to artificial intelligence driven office markets. Analyst Commentary Recent research updates reflect a broadly constructive stance on COPT Defense Properties, with price targets nudged higher alongside reaffirmed positive ratings.Upcoming Dividend • Dec 24Upcoming dividend of US$0.30 per shareEligible 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%).내러티브 업데이트 • Dec 11CDP: Future AI Office Demand Will Support Premium Multiple At Raised 33 Price LevelAnalysts 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.내러티브 업데이트 • Nov 27CDP: Future Demand Will Reflect Stable Operations and Exposure to AI SectorsAnalysts 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.New Risk • Nov 24New major risk - Revenue and earnings growthEarnings 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 17Third quarter dividend of US$0.30 announcedShareholders 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 14COPT Defense Properties Declares Fourth Quarter 2025 Common Dividend, Payable on January 15, 2026COPT 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 02Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird 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 31+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2025COPT Defense Properties revised earnings guidance for the year ending December 31, 2025. For the year, the company now expects Diluted EPS in the range of $1.35 to $1.37 against previous range of Diluted EPS of $1.30 to $1.34.공시 • Oct 02COPT Defense Properties to Report Q3, 2025 Results on Oct 30, 2025COPT Defense Properties announced that they will report Q3, 2025 results After-Market on Oct 30, 2025Upcoming Dividend • Sep 23Upcoming dividend of US$0.30 per shareEligible 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%).내러티브 업데이트 • Sep 18Rising US Defense Spending Will Expand Mission Critical Lease DemandA 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.Declared Dividend • Aug 18Second quarter dividend of US$0.30 announcedShareholders 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 15COPT Defense Properties Declares Dividend for the Third Quarter Ending September 30, 2025, Payable on October 16, 2025COPT 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 29Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond 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 29+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2025COPT Defense Properties revised earnings guidance for the year ending December 31, 2025. For the year, the company now expects Diluted EPS in the range of $1.30 to $1.34 against previous range of Diluted EPS of $1.28 to $1.34.공시 • Jul 02COPT Defense Properties to Report Q2, 2025 Results on Jul 28, 2025COPT Defense Properties announced that they will report Q2, 2025 results After-Market on Jul 28, 2025공시 • Jun 30COPT Defense Properties(NYSE:CDP) dropped from Russell 2000 Dynamic IndexCOPT Defense Properties(NYSE:CDP) dropped from Russell 2000 Dynamic IndexUpcoming Dividend • Jun 23Upcoming dividend of US$0.30 per shareEligible 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 23First quarter dividend of US$0.30 announcedShareholders 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 21COPT Defense Declares Dividend for the Second Quarter Ending June 30, 2025, Payable on July 16, 2025COPT 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 29First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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 29COPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2025 and Revises Earnings Guidance for the Year Ending December 31, 2025COPT 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 04COPT Defense Properties to Report Q1, 2025 Results on Apr 28, 2025COPT Defense Properties announced that they will report Q1, 2025 results After-Market on Apr 28, 2025공시 • Apr 03COPT Defense Properties, Annual General Meeting, May 20, 2025COPT Defense Properties, Annual General Meeting, May 20, 2025.Upcoming Dividend • Mar 24Upcoming dividend of US$0.30 per shareEligible 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%).새로운 내러티브 • Mar 18Expected Defense Budget Increase Will Spur Demand For SCIF Leases Increased defense spending and demand for specialized spaces could drive revenue growth through higher occupancy and new leases. Declared Dividend • Feb 25Fourth quarter dividend increased to US$0.30Dividend 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 21COPT Defense Properties Declares Dividend for the First Quarter Ending March 31, 2025, Payable on April 16, 2025COPT 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.Seeking Alpha • Feb 13COPT Defense: High Rates And DOGE Uncertainty Limit UpsideSummary COPT Defense Properties offers a unique defense real estate portfolio with high occupancy and a 4.2% dividend yield but faces growth headwinds from rising interest rates. CDP's specialized properties near key government facilities have strong demand, but uncertainties in defense spending and higher refinancing costs could limit future growth. It is unclear how much DOGE will seek to cut defense department headcount and spending, though Senate Republicans will likely limit cuts. Given current valuation and potential headwinds, CDP is a "hold"; I recommend waiting for shares to approach 10x FFO before buying. Read the full article on Seeking AlphaReported Earnings • Feb 07Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 07Copt Defense Properties Provides Earnings Guidance for the First Quarter and Full Year 2025COPT 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 09COPT Defense Properties to Report Q4, 2024 Results on Feb 06, 2025COPT Defense Properties announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 06, 2025Upcoming Dividend • Dec 24Upcoming dividend of US$0.29 per shareEligible 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 18Third quarter dividend of US$0.29 announcedShareholders 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 15COPT Defense Properties Declares Dividend for the Fourth Quarter Ending December 31, 2024, Payable on January 15, 2025COPT 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 12Price target increased by 8.1% to US$35.14Up 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 06New minor risk - Insider sellingThere 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 06President recently sold US$291k worth of stockOn 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 29Third quarter 2024 earnings: EPS exceeds analyst expectationsThird 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 29COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2024COPT 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.Seeking Alpha • Oct 23COPT Defense Properties Is Just Getting StartedSummary COPT Defense Properties offers stable cash flow and growth potential due to its focus on specialized Defense/IT properties leased to U.S. government agencies and contractors. CDP has shown strong operating performance with robust same-property NOI growth and has robust guidance, supported by a well-occupied portfolio and solid balance sheet. Despite significant stock appreciation, CDP still offers value at a forward P/FFO of 12.6, with further upside potential from high tenant demand and development projects. Read the full article on Seeking Alpha공시 • Oct 04COPT Defense Properties to Report Q3, 2024 Results on Oct 28, 2024COPT Defense Properties announced that they will report Q3, 2024 results After-Market on Oct 28, 2024Upcoming Dividend • Sep 23Upcoming dividend of US$0.29 per shareEligible 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 23Price target increased by 7.0% to US$30.50Up 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 12Second quarter dividend of US$0.29 announcedShareholders 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 09COPT Defense Properties Declares Common Stock Dividend for the Third Quarter Ending September 30, 2024, Payable on October 17, 2024COPT 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.공시 • Jul 31+ 1 more updateCopt Defense Properties Provides Earnings Guidance for the Third Quarter Ending September 30, 2024COPT Defense Properties provided earnings guidance for the third quarter ending September 30, 2024. For the quarter, the company expects Diluted EPS in the range of $0.30-$0.32.Reported Earnings • Jul 30Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond 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 04COPT Defense Properties to Report Q2, 2024 Results on Jul 29, 2024COPT Defense Properties announced that they will report Q2, 2024 results After-Market on Jul 29, 2024Seeking Alpha • Jun 22COPT Defense Properties: Not Your Average Office REITSummary COPT Defense Properties is a resilient office REIT with a focus on defense and IT tenants, leading to stable cash flows and high retention rates. The company benefits from long-term growth in defense spending, with a track record of meeting or exceeding guidance and a strong development pipeline. COPT trades at a premium to peers due to its high-quality tenants, steady growth, and lower leverage, making it a 'buy' for investors seeking reliable dividends. Read the full article on Seeking AlphaUpcoming Dividend • Jun 21Upcoming dividend of US$0.29 per shareEligible 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 13First quarter dividend of US$0.29 announcedShareholders 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 11COPT Defense Properties Declares Common Stock Dividend for the Second Quarter Ending June 30, 2024, Payable on July 17, 2024COPT 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.공시 • Apr 27+ 1 more updateCOPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2024COPT Defense Properties provided earnings guidance for the second quarter ending June 30, 2024. For the quarter, the company expects Diluted EPS to be in the range of $0.29 to $0.31.Reported Earnings • Apr 27First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatFirst 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.Seeking Alpha • Apr 10COPT Defense Properties: Slow And Steady GrowthSummary COPT Defense Properties owns specialized defense properties with high renewal rates and rent roll-ups, positioning the company for 4%-5% growth. The company benefits from the stability of government and defense-related tenants, with reliable rent payments and high renewal rates. COPT funds its developments without issuing equity and has a clean balance sheet, improving its stability and growth potential. Read the full article on Seeking Alpha공시 • Apr 04COPT Defense Properties to Report Q1, 2024 Results on Apr 25, 2024COPT Defense Properties announced that they will report Q1, 2024 results After-Market on Apr 25, 2024Board Change • Apr 01Insufficient new directorsThere 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 29COPT Defense Properties, Annual General Meeting, May 09, 2024COPT Defense Properties, Annual General Meeting, May 09, 2024, at 09:30 Eastern Daylight.Upcoming Dividend • Mar 20Upcoming dividend of US$0.29 per shareEligible 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 26Fourth quarter dividend increased to US$0.29Dividend 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 23COPT Defense Properties Declares Regular Dividend for the First Quarter Ending March 31, 2024, Payable on April 17, 2024COPT 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 10Full year 2023 earnings: EPS misses analyst expectationsFull 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 09COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2024 and Full Year Ending December 31, 2024COPT 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.Seeking Alpha • Jan 30COPT Defense Properties: A Solid Buy For Its Government Rent ChecksSummary COPT Defense Properties offers good value and income opportunity for long-term investors with its stable cash flow and solid dividend growth potential. CDP's focus on government-leased office properties in the defense sector provides stability in its tenant base. The company's development pipeline and undervaluation offer potential for above-market returns. Read the full article on Seeking Alpha공시 • Jan 10COPT Defense Properties to Report Q4, 2023 Results on Feb 08, 2024COPT Defense Properties announced that they will report Q4, 2023 results After-Market on Feb 08, 2024Upcoming Dividend • Dec 22Upcoming dividend of US$0.28 per share at 4.5% yieldEligible 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 15COPT Defense Appoints Britt A. Snider as Executive Vice President and Chief Operating Officer, Effective December 1, 2023COPT 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 10Copt Defense Declares Fourth Quarter 2023 Common Dividend Ending December 31, 2023, Payable on January 18, 2024COPT 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 29COPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2023COPT 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 28COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023COPT 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 28Third quarter 2023 earnings: EPS misses analyst expectationsThird 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 13COPT Defense Properties to Report Q3, 2023 Results on Oct 26, 2023COPT Defense Properties announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2023이익 및 매출 성장 예측NYSE:CDP - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028859173N/A361312/31/2027815158N/A343412/31/2026786153N/A24733/31/2026781156334334N/A12/31/2025767152310310N/A9/30/2025753150330330N/A6/30/2025751144326326N/A3/31/2025749141332332N/A12/31/2024754138331331N/A9/30/2024750137297297N/A6/30/2024729-116300300N/A3/31/2024711-121289289N/A12/31/2023685-75276276N/A9/30/2023681-58288288N/A6/30/2023695190268268N/A3/31/2023712192272272N/A12/31/2022741143266266N/A9/30/2022752105236236N/A6/30/2022736101250250N/A3/31/2022707110261261N/A12/31/202166673249249N/A9/30/2021617140279279N/A6/30/202160581240240N/A3/31/202159363217217N/A12/31/202058495238238N/A9/30/202060558231231N/A6/30/2020610111253253N/A3/31/2020640194236236N/A12/31/2019613186N/A229N/A9/30/2019625165N/A216N/A6/30/2019603163N/A212N/A3/31/201957476N/A209N/A12/31/201858172N/A180N/A9/30/201860664N/A182N/A6/30/201862566N/A193N/A3/31/201863055N/A196N/A12/31/201761455N/A230N/A9/30/201759267N/A232N/A6/30/201757770N/A226N/A3/31/201757211N/A245N/A12/31/201657514N/A234N/A9/30/201657631N/A226N/A6/30/201658494N/A206N/A3/31/2016609156N/A210N/A12/31/2015626163N/A204N/A9/30/2015629109N/A197N/A6/30/201563242N/A214N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: CDP 의 연간 예상 수익 증가율(2.3%)이 saving rate(3.5%) 미만입니다.수익 vs 시장: CDP 의 연간 수익(2.3%)이 US 시장(16.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: CDP 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: CDP 의 수익(연간 4%)이 US 시장(연간 11.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: CDP 의 수익(연간 4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: CDP의 자본 수익률은 3년 후 11%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 05:33종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스COPT Defense Properties는 26명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관David RodgersBairdJing Xian Tan BonnelBofA Global ResearchWilliam CatherwoodBTIG23명의 분석가 더 보기
공시 • Apr 29+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Full Year Ending December 31, 2026COPT Defense Properties revised earnings guidance for the full year ending December 31, 2026. Management is revising and increasing the midpoint of its full-year guidance for diluted EPS of $1.21-$1.29 to new range of $1.24-$1.30.
Price Target Changed • Mar 03Price target increased by 7.2% to US$35.50Up 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.
공시 • Feb 06COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2026 and Year Ending December 31, 2026COPT 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 • Oct 31+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2025COPT Defense Properties revised earnings guidance for the year ending December 31, 2025. For the year, the company now expects Diluted EPS in the range of $1.35 to $1.37 against previous range of Diluted EPS of $1.30 to $1.34.
공시 • Jul 29+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2025COPT Defense Properties revised earnings guidance for the year ending December 31, 2025. For the year, the company now expects Diluted EPS in the range of $1.30 to $1.34 against previous range of Diluted EPS of $1.28 to $1.34.
공시 • Apr 29COPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2025 and Revises Earnings Guidance for the Year Ending December 31, 2025COPT 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.
속보 • 12hCOPT Defense Properties Reports Rating Upgrade and Lifts Guidance on Pre-Leased PipelineCOPT 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 18First quarter dividend of US$0.32 announcedShareholders 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 16COPT Defense Properties announces Quarterly dividend, payable on July 15, 2026COPT 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.
공시 • Apr 29+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Full Year Ending December 31, 2026COPT Defense Properties revised earnings guidance for the full year ending December 31, 2026. Management is revising and increasing the midpoint of its full-year guidance for diluted EPS of $1.21-$1.29 to new range of $1.24-$1.30.
Reported Earnings • Apr 28First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst 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.
내러티브 업데이트 • Apr 23CDP: 2026 Lease Retention And Dividend Path Will Guide Fairly Valued SharesAnalysts have revised the COPT Defense Properties price target slightly lower, from about $35.50 to roughly $35.38, reflecting updated views on lease retention risk and modestly revised assumptions for the discount rate, profit margin, and forward P/E. Analyst Commentary Recent Street research on COPT Defense Properties points to a mixed setup, with some analysts slightly more constructive on valuation and others focused on execution risk around future lease rollovers.
내러티브 업데이트 • Apr 08CDP: 2026 Lease Retention And Dividend Outlook Will Shape Potential UpsideAnalysts raised their price target on COPT Defense Properties by $2 to $33, citing recent Street research that emphasizes the importance of considering 2026 lease expirations when assessing the REIT. Analyst Commentary Recent Street research around the new US$33 price target focuses heavily on how COPT Defense Properties handles 2026 lease expirations and what that could mean for valuation and execution over the next few years.
공시 • Apr 01COPT Defense Properties to Report Q1, 2026 Results on Apr 27, 2026COPT Defense Properties announced that they will report Q1, 2026 results After-Market on Apr 27, 2026
공시 • Mar 31COPT Defense Properties, Annual General Meeting, May 14, 2026COPT Defense Properties, Annual General Meeting, May 14, 2026.
Upcoming Dividend • Mar 24Upcoming dividend of US$0.32 per shareEligible 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%).
내러티브 업데이트 • Mar 24CDP: 2026 Lease Retention And Rising Dividend Are Expected To Drive UpsideAnalysts have nudged their price targets for COPT Defense Properties higher, with recent moves to $33 and above grounded in expectations that management can effectively address 2026 lease expirations and maintain occupancy. Analyst Commentary Recent research notes on COPT Defense Properties focus heavily on how 2026 lease expirations and tenant retention could influence valuation over the next couple of years.
Seeking Alpha • Mar 17COPT Defense Properties: A Resilient REIT With Inflecting GrowthSummary COPT Defense Properties remains a "Buy," benefiting from its unique, defense-focused real estate niche and durable government tenant base. CDP’s portfolio is insulated from remote work and defense spending cuts, with 80% high-security assets and 94% occupancy in core defense properties. FFO growth is expected to be modest in 2026 due to higher interest costs, but Huntsville expansion and Space Command relocation position CDP for accelerated growth from 2027 onward. Shares trade at 11.7x FFO, a 15% sector discount, with a secure 4% yield and improving leverage, supporting further upside as valuation normalizes. Read the full article on Seeking Alpha
내러티브 업데이트 • Mar 09CDP: Lease Retention And Dividend Growth Will Shape Balanced Future ReturnsThe analyst price target for COPT Defense Properties has been nudged higher by $0.38 to $35.50, as analysts factor in updated assumptions around revenue growth, profit margins, discount rate and future P/E, following recent Street research price target increases from firms such as Truist, Citi and Cantor Fitzgerald. Analyst Commentary Recent Street research has centered on how lease retention, revenue growth assumptions and valuation inputs may shape the outlook for COPT Defense Properties, with several firms adjusting their price targets in response.
Price Target Changed • Mar 03Price target increased by 7.2% to US$35.50Up 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 23Fourth quarter dividend increased to US$0.32Dividend 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%.
내러티브 업데이트 • Feb 23CDP: Defense Leasing And Dividend Increases Will Support Balanced Future ReturnsAnalysts have raised their price target on COPT Defense Properties by $1.75 to $35.13, citing updated assumptions for slightly higher revenue growth and a modestly lower discount rate, partly offset by adjusted profit margin and P/E expectations. Analyst Commentary Recent research has generally taken a constructive view on COPT Defense Properties, with multiple price target increases clustered around the low to mid US$30s.
공시 • Feb 20COPT Defense Properties Declares Quarterly Cash Dividend First Quarter Ending March 31, 2026, Payable on April 15, 2026COPT 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.
내러티브 업데이트 • Feb 08CDP: Defense Leasing Pipeline And Stable REIT Conditions Will Support Premium MultipleAnalysts have nudged their fair value estimate for COPT Defense Properties up slightly to $33.38 from $33.25, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E, alongside recent Street research citing generally healthy REIT operating conditions. Analyst Commentary Recent Street research reflects a generally constructive tone on COPT Defense Properties, with the fair value adjustment and updated price targets grounded in current REIT operating conditions and the latest earnings season readthroughs.
Reported Earnings • Feb 07Full year 2025 earnings: EPS in line with analyst expectations despite revenue beatFull 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 06COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2026 and Year Ending December 31, 2026COPT 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 07COPT Defense Properties to Report Q4, 2025 Results on Feb 05, 2026COPT Defense Properties announced that they will report Q4, 2025 results After-Market on Feb 05, 2026
내러티브 업데이트 • Dec 25CDP: AI Gateway Office Demand Will Support Premium Multiple At 33Analysts have modestly lifted their price target on COPT Defense Properties to $33.00, citing resilient REIT sector fundamentals, slightly faster projected revenue growth, marginally better profit margins, and supportive demand trends tied to artificial intelligence driven office markets. Analyst Commentary Recent research updates reflect a broadly constructive stance on COPT Defense Properties, with price targets nudged higher alongside reaffirmed positive ratings.
Upcoming Dividend • Dec 24Upcoming dividend of US$0.30 per shareEligible 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%).
내러티브 업데이트 • Dec 11CDP: Future AI Office Demand Will Support Premium Multiple At Raised 33 Price LevelAnalysts 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.
내러티브 업데이트 • Nov 27CDP: Future Demand Will Reflect Stable Operations and Exposure to AI SectorsAnalysts 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.
New Risk • Nov 24New major risk - Revenue and earnings growthEarnings 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 17Third quarter dividend of US$0.30 announcedShareholders 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 14COPT Defense Properties Declares Fourth Quarter 2025 Common Dividend, Payable on January 15, 2026COPT 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 02Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird 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 31+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2025COPT Defense Properties revised earnings guidance for the year ending December 31, 2025. For the year, the company now expects Diluted EPS in the range of $1.35 to $1.37 against previous range of Diluted EPS of $1.30 to $1.34.
공시 • Oct 02COPT Defense Properties to Report Q3, 2025 Results on Oct 30, 2025COPT Defense Properties announced that they will report Q3, 2025 results After-Market on Oct 30, 2025
Upcoming Dividend • Sep 23Upcoming dividend of US$0.30 per shareEligible 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%).
내러티브 업데이트 • Sep 18Rising US Defense Spending Will Expand Mission Critical Lease DemandA 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.
Declared Dividend • Aug 18Second quarter dividend of US$0.30 announcedShareholders 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 15COPT Defense Properties Declares Dividend for the Third Quarter Ending September 30, 2025, Payable on October 16, 2025COPT 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 29Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond 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 29+ 1 more updateCOPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2025COPT Defense Properties revised earnings guidance for the year ending December 31, 2025. For the year, the company now expects Diluted EPS in the range of $1.30 to $1.34 against previous range of Diluted EPS of $1.28 to $1.34.
공시 • Jul 02COPT Defense Properties to Report Q2, 2025 Results on Jul 28, 2025COPT Defense Properties announced that they will report Q2, 2025 results After-Market on Jul 28, 2025
공시 • Jun 30COPT Defense Properties(NYSE:CDP) dropped from Russell 2000 Dynamic IndexCOPT Defense Properties(NYSE:CDP) dropped from Russell 2000 Dynamic Index
Upcoming Dividend • Jun 23Upcoming dividend of US$0.30 per shareEligible 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 23First quarter dividend of US$0.30 announcedShareholders 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 21COPT Defense Declares Dividend for the Second Quarter Ending June 30, 2025, Payable on July 16, 2025COPT 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 29First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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 29COPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2025 and Revises Earnings Guidance for the Year Ending December 31, 2025COPT 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 04COPT Defense Properties to Report Q1, 2025 Results on Apr 28, 2025COPT Defense Properties announced that they will report Q1, 2025 results After-Market on Apr 28, 2025
공시 • Apr 03COPT Defense Properties, Annual General Meeting, May 20, 2025COPT Defense Properties, Annual General Meeting, May 20, 2025.
Upcoming Dividend • Mar 24Upcoming dividend of US$0.30 per shareEligible 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%).
새로운 내러티브 • Mar 18Expected Defense Budget Increase Will Spur Demand For SCIF Leases Increased defense spending and demand for specialized spaces could drive revenue growth through higher occupancy and new leases.
Declared Dividend • Feb 25Fourth quarter dividend increased to US$0.30Dividend 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 21COPT Defense Properties Declares Dividend for the First Quarter Ending March 31, 2025, Payable on April 16, 2025COPT 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.
Seeking Alpha • Feb 13COPT Defense: High Rates And DOGE Uncertainty Limit UpsideSummary COPT Defense Properties offers a unique defense real estate portfolio with high occupancy and a 4.2% dividend yield but faces growth headwinds from rising interest rates. CDP's specialized properties near key government facilities have strong demand, but uncertainties in defense spending and higher refinancing costs could limit future growth. It is unclear how much DOGE will seek to cut defense department headcount and spending, though Senate Republicans will likely limit cuts. Given current valuation and potential headwinds, CDP is a "hold"; I recommend waiting for shares to approach 10x FFO before buying. Read the full article on Seeking Alpha
Reported Earnings • Feb 07Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 07Copt Defense Properties Provides Earnings Guidance for the First Quarter and Full Year 2025COPT 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 09COPT Defense Properties to Report Q4, 2024 Results on Feb 06, 2025COPT 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 24Upcoming dividend of US$0.29 per shareEligible 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 18Third quarter dividend of US$0.29 announcedShareholders 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 15COPT Defense Properties Declares Dividend for the Fourth Quarter Ending December 31, 2024, Payable on January 15, 2025COPT 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 12Price target increased by 8.1% to US$35.14Up 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 06New minor risk - Insider sellingThere 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 06President recently sold US$291k worth of stockOn 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 29Third quarter 2024 earnings: EPS exceeds analyst expectationsThird 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 29COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2024COPT 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.
Seeking Alpha • Oct 23COPT Defense Properties Is Just Getting StartedSummary COPT Defense Properties offers stable cash flow and growth potential due to its focus on specialized Defense/IT properties leased to U.S. government agencies and contractors. CDP has shown strong operating performance with robust same-property NOI growth and has robust guidance, supported by a well-occupied portfolio and solid balance sheet. Despite significant stock appreciation, CDP still offers value at a forward P/FFO of 12.6, with further upside potential from high tenant demand and development projects. Read the full article on Seeking Alpha
공시 • Oct 04COPT Defense Properties to Report Q3, 2024 Results on Oct 28, 2024COPT Defense Properties announced that they will report Q3, 2024 results After-Market on Oct 28, 2024
Upcoming Dividend • Sep 23Upcoming dividend of US$0.29 per shareEligible 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 23Price target increased by 7.0% to US$30.50Up 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 12Second quarter dividend of US$0.29 announcedShareholders 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 09COPT Defense Properties Declares Common Stock Dividend for the Third Quarter Ending September 30, 2024, Payable on October 17, 2024COPT 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.
공시 • Jul 31+ 1 more updateCopt Defense Properties Provides Earnings Guidance for the Third Quarter Ending September 30, 2024COPT Defense Properties provided earnings guidance for the third quarter ending September 30, 2024. For the quarter, the company expects Diluted EPS in the range of $0.30-$0.32.
Reported Earnings • Jul 30Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond 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 04COPT Defense Properties to Report Q2, 2024 Results on Jul 29, 2024COPT Defense Properties announced that they will report Q2, 2024 results After-Market on Jul 29, 2024
Seeking Alpha • Jun 22COPT Defense Properties: Not Your Average Office REITSummary COPT Defense Properties is a resilient office REIT with a focus on defense and IT tenants, leading to stable cash flows and high retention rates. The company benefits from long-term growth in defense spending, with a track record of meeting or exceeding guidance and a strong development pipeline. COPT trades at a premium to peers due to its high-quality tenants, steady growth, and lower leverage, making it a 'buy' for investors seeking reliable dividends. Read the full article on Seeking Alpha
Upcoming Dividend • Jun 21Upcoming dividend of US$0.29 per shareEligible 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 13First quarter dividend of US$0.29 announcedShareholders 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 11COPT Defense Properties Declares Common Stock Dividend for the Second Quarter Ending June 30, 2024, Payable on July 17, 2024COPT 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.
공시 • Apr 27+ 1 more updateCOPT Defense Properties Provides Earnings Guidance for the Second Quarter Ending June 30, 2024COPT Defense Properties provided earnings guidance for the second quarter ending June 30, 2024. For the quarter, the company expects Diluted EPS to be in the range of $0.29 to $0.31.
Reported Earnings • Apr 27First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatFirst 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.
Seeking Alpha • Apr 10COPT Defense Properties: Slow And Steady GrowthSummary COPT Defense Properties owns specialized defense properties with high renewal rates and rent roll-ups, positioning the company for 4%-5% growth. The company benefits from the stability of government and defense-related tenants, with reliable rent payments and high renewal rates. COPT funds its developments without issuing equity and has a clean balance sheet, improving its stability and growth potential. Read the full article on Seeking Alpha
공시 • Apr 04COPT Defense Properties to Report Q1, 2024 Results on Apr 25, 2024COPT Defense Properties announced that they will report Q1, 2024 results After-Market on Apr 25, 2024
Board Change • Apr 01Insufficient new directorsThere 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 29COPT Defense Properties, Annual General Meeting, May 09, 2024COPT Defense Properties, Annual General Meeting, May 09, 2024, at 09:30 Eastern Daylight.
Upcoming Dividend • Mar 20Upcoming dividend of US$0.29 per shareEligible 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 26Fourth quarter dividend increased to US$0.29Dividend 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 23COPT Defense Properties Declares Regular Dividend for the First Quarter Ending March 31, 2024, Payable on April 17, 2024COPT 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 10Full year 2023 earnings: EPS misses analyst expectationsFull 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 09COPT Defense Properties Provides Earnings Guidance for the First Quarter Ending March 31, 2024 and Full Year Ending December 31, 2024COPT 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.
Seeking Alpha • Jan 30COPT Defense Properties: A Solid Buy For Its Government Rent ChecksSummary COPT Defense Properties offers good value and income opportunity for long-term investors with its stable cash flow and solid dividend growth potential. CDP's focus on government-leased office properties in the defense sector provides stability in its tenant base. The company's development pipeline and undervaluation offer potential for above-market returns. Read the full article on Seeking Alpha
공시 • Jan 10COPT Defense Properties to Report Q4, 2023 Results on Feb 08, 2024COPT Defense Properties announced that they will report Q4, 2023 results After-Market on Feb 08, 2024
Upcoming Dividend • Dec 22Upcoming dividend of US$0.28 per share at 4.5% yieldEligible 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 15COPT Defense Appoints Britt A. Snider as Executive Vice President and Chief Operating Officer, Effective December 1, 2023COPT 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 10Copt Defense Declares Fourth Quarter 2023 Common Dividend Ending December 31, 2023, Payable on January 18, 2024COPT 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 29COPT Defense Properties Revises Earnings Guidance for the Year Ending December 31, 2023COPT 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 28COPT Defense Properties Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023COPT 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 28Third quarter 2023 earnings: EPS misses analyst expectationsThird 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 13COPT Defense Properties to Report Q3, 2023 Results on Oct 26, 2023COPT Defense Properties announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2023
