COPT Defense Properties

NYSE:CDP Stock Report

Market Cap: US$3.6b

COPT Defense Properties Management

Management criteria checks 4/4

COPT Defense Properties' CEO is Steve Budorick, appointed in May 2016, has a tenure of 8.58 years. total yearly compensation is $6.17M, comprised of 12.6% salary and 87.4% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth $4.88M. The average tenure of the management team and the board of directors is 9.2 years and 8.6 years respectively.

Key information

Steve Budorick

Chief executive officer

US$6.2m

Total compensation

CEO salary percentage12.6%
CEO tenure8.6yrs
CEO ownership0.1%
Management average tenure9.2yrs
Board average tenure8.6yrs

Recent management updates

Recent updates

COPT Defense Properties Is Just Getting Started

Oct 23

COPT Defense Properties: Not Your Average Office REIT

Jun 22

COPT Defense Properties: Slow And Steady Growth

Apr 10

COPT Defense Properties: A Solid Buy For Its Government Rent Checks

Jan 30

Corporate Office Properties: Further Room To Rise Following Strong Monthly Gains

Aug 01

Corporate Office Properties: An Evolving Property Portfolio And Promising Future Outlook

May 31

Corporate Office Properties Trust 2023 guidance in line with expectations

Feb 09

Corporate Office Properties gets $250M proceeds from ventures with Blackstone

Jan 11

Corporate Office Properties: A Value-Priced Defensive Stock

Jan 03

Corporate Office Properties Trust declares $0.275 dividend

Nov 10

Corporate Office Properties Trust FFO of $0.58 in-line, revenue of $182.5M beats by $9.79M

Oct 27

Buy Corporate Office Properties Trust To Benefit From War And Inflation

Oct 17

Corporate Office Properties Has Gotten Really Inexpensive

Sep 29

Corporate Office Properties Trust Q2 FFO, revenue beats, raises guidance

Jul 28

Corporate Office Properties: Play Defense With This Mission-Critical REIT

Jul 14

CEO Compensation Analysis

How has Steve Budorick's remuneration changed compared to COPT Defense Properties's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$137m

Jun 30 2024n/an/a

-US$116m

Mar 31 2024n/an/a

-US$121m

Dec 31 2023US$6mUS$775k

-US$75m

Sep 30 2023n/an/a

-US$58m

Jun 30 2023n/an/a

US$190m

Mar 31 2023n/an/a

US$192m

Dec 31 2022US$6mUS$774k

US$143m

Sep 30 2022n/an/a

US$105m

Jun 30 2022n/an/a

US$101m

Mar 31 2022n/an/a

US$110m

Dec 31 2021US$6mUS$750k

US$73m

Sep 30 2021n/an/a

US$140m

Jun 30 2021n/an/a

US$81m

Mar 31 2021n/an/a

US$63m

Dec 31 2020US$5mUS$752k

US$95m

Sep 30 2020n/an/a

US$58m

Jun 30 2020n/an/a

US$111m

Mar 31 2020n/an/a

US$194m

Dec 31 2019US$4mUS$698k

US$186m

Sep 30 2019n/an/a

US$165m

Jun 30 2019n/an/a

US$163m

Mar 31 2019n/an/a

US$76m

Dec 31 2018US$4mUS$641k

US$72m

Sep 30 2018n/an/a

US$64m

Jun 30 2018n/an/a

US$66m

Mar 31 2018n/an/a

US$55m

Dec 31 2017US$3mUS$560k

US$55m

Compensation vs Market: Steve's total compensation ($USD6.17M) is about average for companies of similar size in the US market ($USD6.67M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

CEO

Steve Budorick (64 yo)

8.6yrs

Tenure

US$6,168,342

Compensation

Mr. Stephen E. Budorick, also known as Steve, has been the Chief Executive Officer, President and Director of COPT Defense Properties (formerly known as Corporate Office Properties Trust) since May 12, 201...

Leadership Team

NamePositionTenureCompensationOwnership
Stephen Budorick
President8.6yrsUS$6.17m0.14%
$ 4.9m
Anthony Mifsud
Executive VP & CFO9.8yrsUS$2.43m0.053%
$ 1.9m
Britt Snider
Executive VP & COOless than a yearUS$641.05k0.0018%
$ 63.5k
Matthew Myers
Senior VP1.8yrsno data0.0069%
$ 246.7k
Venkat Kommineni
Vice President of Investor Relationsno datano datano data
David Finch
VP, General Counsel & Secretary13.9yrsno datano data
Sarah Rowland
Director of Human Resourcesno datano datano data
Dean Lopez
Senior Vice President of Development & Constructionno datano datano data
Frank Ziegler
Senior Vice President of New Business & Development Government Services18.8yrsno datano data
William Barroll
Managing SVP of Asset Management & Chief Business Officerno datano datano data

9.2yrs

Average Tenure

60yo

Average Age

Experienced Management: CDP's management team is seasoned and experienced (9.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Stephen Budorick
President8.6yrsUS$6.17m0.14%
$ 4.9m
C. Pickett
Independent Trustee11.1yrsUS$214.42k0.064%
$ 2.3m
Philip Hawkins
Independent Trustee10.9yrsUS$212.42k0.018%
$ 657.1k
Thomas Brady
Independent Director22.9yrsUS$281.42k0.036%
$ 1.3m
Robert Denton
Independent Chairman of the Board25.6yrsUS$228.42k0.0039%
$ 139.4k
Raymond Owens
Independent Trustee3.8yrsUS$199.42k0.00081%
$ 28.9k
Letitia Long
Independent Trustee4.2yrsUS$203.42k0.0024%
$ 85.9k
Lisa Trimberger
Independent Trustee7.2yrsUS$220.92k0.022%
$ 769.1k
Essye Miller
Independent Trustee2.2yrsUS$193.42k0.010%
$ 372.6k

8.6yrs

Average Tenure

65yo

Average Age

Experienced Board: CDP's board of directors are considered experienced (8.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 18:50
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

COPT Defense Properties is covered by 27 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David RodgersBaird
Richard AndersonBMO Capital Markets U.S. (Historical)
Jing Xian Tan BonnelBofA Global Research