COPT Defense Properties

NYSE:CDP Stock Report

Market Cap: US$3.4b

COPT Defense Properties Management

Management criteria checks 3/4

COPT Defense Properties' CEO is Steve Budorick, appointed in May 2016, has a tenure of 9.5 years. total yearly compensation is $7.58M, comprised of 10.4% salary and 89.6% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth $4.59M. The average tenure of the management team and the board of directors is 10.1 years and 8.8 years respectively.

Key information

Steve Budorick

Chief executive officer

US$7.6m

Total compensation

CEO salary percentage10.36%
CEO tenure9.5yrs
CEO ownership0.1%
Management average tenure10.1yrs
Board average tenure8.8yrs

Recent management updates

Recent updates

COPT Defense Properties: Shutdown Creates An Opportunity (Rating Upgrade)

Oct 08
User avatar

Expected 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.

COPT Defense: High Rates And DOGE Uncertainty Limit Upside

Feb 13

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

CEO Compensation Analysis

How has Steve Budorick's remuneration changed compared to COPT Defense Properties's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

US$149m

Jun 30 2025n/an/a

US$144m

Mar 31 2025n/an/a

US$141m

Dec 31 2024US$8mUS$785k

US$138m

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

Compensation vs Market: Steve's total compensation ($USD7.58M) is about average for companies of similar size in the US market ($USD7.18M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.

CEO

Steve Budorick (65 yo)

9.5yrs
Tenure
US$7,576,091
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
President9.5yrsUS$7.58m0.14%
$ 4.6m
Anthony Mifsud
Executive VP & CFO10.8yrsUS$2.66m0.053%
$ 1.8m
Britt Snider
Executive VP & COO1.9yrsUS$2.49m0.0027%
$ 89.6k
Matthew Myers
Senior VP2.8yrsno data0.0087%
$ 292.5k
Venkat Kommineni
Vice President of Investor Relationsno datano datano data
David Finch
VP, General Counsel & Secretary14.8yrsno 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 Services19.8yrsno datano data
William Barroll
Managing SVP of Asset Management & Chief Business Officerno datano datano data
Michelle Layne
Manager of Investor Relationsno datano datano data
10.1yrs
Average Tenure
54.5yo
Average Age

Experienced Management: CDP's management team is seasoned and experienced (10.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Stephen Budorick
President9.5yrsUS$7.58m0.14%
$ 4.6m
C. Pickett
Independent Trustee12yrsUS$215.46k0.050%
$ 1.7m
Philip Hawkins
Independent Trustee11.8yrsUS$213.46k0.0049%
$ 165.1k
Robert Denton
Independent Chairman of the Board26.5yrsUS$286.56k0.0035%
$ 116.9k
Raymond Owens
Independent Trustee4.7yrsUS$200.46k0.00080%
$ 27.0k
Letitia Long
Independent Trustee5.1yrsUS$217.35k0%
$ 0
Lisa Trimberger
Independent Trustee8.1yrsUS$221.96k0.018%
$ 605.2k
Essye Miller
Independent Trustee3.1yrsUS$204.46k0.014%
$ 467.4k
8.8yrs
Average Tenure
65.5yo
Average Age

Experienced Board: CDP's board of directors are considered experienced (8.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/19 14:03
End of Day Share Price 2025/11/19 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

COPT Defense Properties is covered by 27 analysts. 4 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
Jing Xian Tan BonnelBofA Global Research
William CatherwoodBTIG