COPT Defense Properties

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

COPT Defense Properties (CDP) surpasses Q2 expectations, poised for growth

COPT Defense Properties (CDP) demonstrated robust financial performance and operational strength in Q2 2024, exceeding guidance and enhancing key metrics.
While facing challenges related to market dynamics and competition, the company remains well-positioned to capitalize on growth opportunities in the defense/IT real estate sector.
By leveraging its strong balance sheet, effective tenant management, and growth initiatives, CDP aims to sustain its growth trajectory and deliver value to shareholders.
Overall, COPT Defense Properties (CDP) shows resilience and adaptability in navigating market challenges and driving sustainable growth in the defense real estate market.

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COPT Defense Properties is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded on January 22,1988 and is headquartered in Columbia, MD.

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.

COPT Defense Properties: Slow And Steady Growth

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss first quarter 2024 results. Details:   Results Release Date:             Thursday, April 25, 2024 after the market closes Conference Call Date:             Friday, April 26, 2024 Time:             12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in n.

COPT Defense Provides Conference Call Details to Discuss 1Q 2024 Results

RLJ Lodging Trust

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of RLJ Lodging (RLJ) and COPT Defense (CDP). But which of these two companies is the best option for those looking for undervalued stocks?

RLJ or CDP: Which Is the Better Value Stock Right Now?

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its President & CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at Citi's 2024 Global Property CEO Conference. The presentation will be held on March 4, 2024 at 11:40 a.m. Eastern Time at The Diplomat Resort & Spa in Hollywood, Florida. A live audio webcast of the presentation and materials encompassing th.

COPT Defense to Present at Citi's 2024 Global Property CEO Conference

COPT Defense (CDP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

COPT Defense (CDP) Upgraded to Buy: What Does It Mean for the Stock?

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Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Paramount Group (PGRE) and COPT Defense (CDP). But which of these two stocks is more attractive to value investors?

PGRE vs. CDP: Which Stock Is the Better Value Option?

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today 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.

COPT Defense Increases Quarterly Dividend by 3.5%

COPT Defense Properties (CDP) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for COPT Defense (CDP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

COPT Defense (CDP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to FFO of $0.60 per share a year ago.

COPT Defense (CDP) Q4 FFO and Revenues Beat Estimates

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) is establishing the following guidance for the year ending December 31, 2024: 2024 Guidance. Diluted earnings per share (“EPS”) in the range of $1.15−$1.23; and Diluted FFO per share (“FFOPS”) - Nareit and as adjusted for comparability, in the range of $2.47−$2.55. 1Q24 Guidance. For the quarter ending March 31, 2024, the Company is establishing the following guidance: EPS in the range of $0.26.

COPT Defense Establishes 2024 Guidance

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the fourth quarter and full year ended December 31, 2023. Management Comments Stephen E. Budorick, COPT Defense's President & Chief Executive Officer, commented, “The performance of our Defense/IT investment strategy, which concentrates our portfolio near priority U.S. defense installations, continues to demonstrate operating strength, resulting in a solid earnings gro.

COPT Defense Reports Full Year 2023 Results

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.

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

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced the 2023 tax treatment of its common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of COPT Defense common share distributions. Please note that both the common share distributions with a record date of December 30, 2022, and payment date of January 17, 2023, and the distributions with a record.

COPT Defense Announces Tax Treatment of 2023 Distributions

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Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Global Net Lease (GNL) and COPT Defense (CDP). But which of these two companies is the best option for those looking for undervalued stocks?

GNL vs. CDP: Which Stock Is the Better Value Option?

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) executed a long-term lease with a Fortune 100 company for a 225,000 square foot, build-to-suit development in Northern Virginia in the fourth quarter of 2023. The facility is scheduled for shell completion in the fourth quarter of 2025. Also in the quarter, the Company executed a 26,500 square foot lease with a leading defense contractor at the 8100 Rideout Road development in Huntsville, Alaba.

COPT Defense Exceeds Development Leasing Guidance and Vacancy Leasing Target in 2023

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss fourth quarter and year end 2023 results and guidance for 2024. Details: Results and Guidance Release Date: Thursday, February 8, 2024 after the market closes Conference Call Date: Friday, February 9, 2024 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receiv.

COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2023 Results and Management's 2024 Outlook

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced that its Board of Trustees elected Robert L. Denton, Sr. to serve as Chairman of the Board, effective January 1, 2024. Mr. Denton has served as an Independent Trustee of the Company since 1999 and is currently the Chairman of the Nominating and Corporate Governance Committee. Thomas F. Brady resigned as Chairman of the Board, effective December 31, 2023, but remains on the Board. “I w.

Robert Denton Elected as Chairman of the Board of Trustees

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COLUMBIA, M.D.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces 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.

COPT Defense Appoints Britt A. Snider as Chief Operating Officer

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today 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. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a sel.

COPT Defense Declares Fourth Quarter 2023 Common Dividend

COPT Defense Properties (NYSE:CDP ) Q3 2023 Earnings Conference Call October 27, 2023 ET Company Participants Venkat Kommineni - VP of IR Steve Budorick - President and CEO Anthony Mifsud - CFO Conference Call Participants Camille Bonnel - Bank of America Nick Joseph - Citigroup Blaine Heck - Wells Fargo Tom Catherwood - BTIG Richard Anderson - Wedbush Securities Dylan Burzinski - Green Street Jay Poskitt - Evercore ISI Operator Welcome to the COPT Defense Properties' Third Quarter 2023 Results Conference Call. As a reminder, today's call is being recorded.

COPT Defense Properties (CDP) Q3 2023 Earnings Conference Call Transcript

While the top- and bottom-line numbers for COPT Defense (CDP) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About COPT Defense (CDP) Q3 Earnings

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.60 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.58 per share a year ago.

COPT Defense (CDP) Q3 FFO Match Estimates

News for COPT Defense Properties Stock (CDP)