COPT Defense Properties is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2024, the company owned 164 office buildings comprising 16.5 million square feet and 31 single-tenant data centers comprising 5.9 million square feet.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| CDP | COPT DEFENSE PROPERTIES | 2025-10-16 17:28:32 | 27.87 | -0.05 | -0.18 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CDP | 0000860546 | COPT DEFENSE PROPERTIES | US22002T1088 | YY1J47X6LF9TYY8JY420 | 232947217 | NYSE | 6798 | Real Estate Investment Trusts | 1231 | MD | 6711 COLUMBIA GATEWAY DRIVE | COLUMBIA | MD | 21046 | UNITED STATES | US | 4432855400 | 6711 COLUMBIA GATEWAY DRIVE, COLUMBIA, MD, 21046 | 6711 COLUMBIA GATEWAY DRIVE, COLUMBIA, MD, 21046 | CORPORATE OFFICE PROPERTIES TRUST | Real estate investment trust | 1988 | Stephen E. Budorick | 427 | https://www.copt.com/ | 2,400,000,000 | 112,929,288 | 112,927,513 | COPT Defense Properties is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2024, the company owned 164 office buildings comprising 16.5 million square feet and 31 single-tenant data centers comprising 5.9 million square feet. | 2025-10-10 20:25:23 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2024 | 2,400,000,000 | 100,000,000 | 4.3478 | 112,699,445 | 150,978 | 0.1341 |
| 2023 | 2,300,000,000 | -200,000,000 | -8 | 112,548,467 | 126,474 | 0.1125 |
| 2022 | 2,500,000,000 | -300,000,000 | -10.7143 | 112,421,993 | 102,011 | 0.0908 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Anthony Mifsud | EVP, CFO | 2024 | 465,615 | 0 | — | 803,850 | 13,800 | 2,659,310 |
| Britt A. Snider | EVP, COO | 2024 | 425,000 | 276,923 | — | 733,125 | 12,826 | 2,489,226 |
| Stephen E. Budorick | CEO, President | 2024 | 784,615 | 0 | — | 1,648,500 | 13,800 | 7,576,091 |
| Anthony Mifsud | EVP, CFO | 2023 | 456,000 | 0 | — | 743,599 | 13,200 | 2,426,984 |
| Stephen E. Budorick | CEO, President | 2023 | 775,000 | 0 | — | 1,428,635 | 13,200 | 6,168,342 |
| Fiscal Year | Employee Count |
|---|---|
| 2019 | 394 |
| 2018 | 378 |
| 2017 | 375 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 753,267,000 | 684,982,000 | 739,030,000 |
| Cost Of Revenue | — | — | — |
| Gross Profit | — | 2,763,000 | 4,669,000 |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | 47,038,000 | 42,769,000 | 35,798,000 |
| Operating Expenses | 539,944,000 | 749,317,000 | 557,614,000 |
| Operating Income | 207,283,000 | 190,273,000 | 176,063,000 |
| Net Income | 143,942,000 | -74,347,000 | 178,822,000 |
| Earnings Per Share Basic | 1.23 | -0.67 | 1.54 |
| Earnings Per Share Diluted | 1.23 | -0.67 | 1.53 |
| Weighted Average Shares Outstanding Basic | 112,296,000 | 112,178,000 | 112,073,000 |
| Weighted Average Shares Outstanding Diluted | 112,899,000 | 112,178,000 | 112,620,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash And Cash Equivalents | 38,284,000 | 167,820,000 | 12,337,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 42,234,000 | 48,946,000 | 43,334,000 |
| Inventories | — | — | — |
| Non Trade Receivables | — | — | — |
| Other Assets Current | — | — | — |
| Total Assets Current | — | — | — |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | — | — | 8,286,000 |
| Other Assets Non Current | — | — | — |
| Total Assets Non Current | — | — | — |
| Total Assets | 4,254,191,000 | 4,246,966,000 | 4,257,275,000 |
| Accounts Payable | 126,031,000 | 133,315,000 | 157,998,000 |
| Deferred Revenue | — | — | — |
| Short Term Debt | 23,717,000 | 29,983,000 | 18,954,000 |
| Other Liabilities Current | — | — | — |
| Total Liabilities Current | — | — | — |
| Long Term Debt | 2,391,755,000 | 2,416,287,000 | 2,231,794,000 |
| Other Liabilities Non Current | — | — | — |
| Total Liabilities Non Current | — | — | — |
| Total Liabilities | 2,693,624,000 | 2,699,631,000 | 2,509,527,000 |
| Common Stock | 1,127,000 | 1,126,000 | 1,124,000 |
| Retained Earnings | — | — | — |
| Accumulated Other Comprehensive Income | 988,000 | 2,115,000 | 2,071,000 |
| Total Shareholders Equity | 1,493,083,000 | 1,483,912,000 | 1,681,803,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Depreciation And Amortization | 153,640,000 | 148,950,000 | 141,230,000 |
| Share Based Compensation Expense | 10,443,000 | 8,544,000 | 8,789,000 |
| Other Non Cash Income Expense | -12,052,000 | 4,826,000 | -10,073,000 |
| Change In Accounts Receivable | -6,498,000 | 5,618,000 | 2,436,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | — | — | — |
| Change In Other Liabilities | — | — | — |
| Cash From Operating Activities | 330,955,000 | 276,274,000 | 265,825,000 |
| Purchases Of Marketable Securities | — | — | — |
| Sales Of Marketable Securities | — | — | — |
| Acquisition Of Property Plant And Equipment | — | — | — |
| Acquisition Of Business | — | — | — |
| Other Investing Activities | 105,000 | 1,355,000 | 97,000 |
| Cash From Investing Activities | -291,010,000 | -169,623,000 | -83,457,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | — | — | — |
| Repurchase Of Common Stock | 1,277,000 | 1,251,000 | 1,230,000 |
| Issuance Of Long Term Debt | 76,000,000 | 291,000,000 | 852,000,000 |
| Repayment Of Long Term Debt | — | — | 300,000,000 |
| Other Financing Activities | -5,583,000 | -4,263,000 | -6,289,000 |
| Cash From Financing Activities | -169,672,000 | 46,264,000 | -183,175,000 |
| Change In Cash | -129,727,000 | 152,915,000 | -807,000 |
| Cash At End Of Period | 38,284,000 | 167,820,000 | 12,337,000 |
| Income Taxes Paid | 53,000 | 37,000 | 0 |
| Interest Paid | 75,549,000 | 59,807,000 | 56,061,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Earnings Per Share | 1.23 | -0.67 | 1.54 |
| Price To Earnings Ratio | 25.1626 | -38.2537 | 16.8442 |
| Earnings Growth Rate | -283.5821 | -143.5065 | 126.4706 |
| Price Earnings To Growth Ratio | -0.0887 | 0.2666 | 0.1332 |
| Book Value Per Share | 13.8969 | 13.7936 | 15.5947 |
| Price To Book Ratio | 2.2271 | 1.8581 | 1.6634 |
| Ebitda | 379,786,000 | 145,782,000 | 381,226,000 |
| Enterprise Value | 5,852,749,200 | 5,153,572,140 | 5,145,584,620 |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | 1.6178 | 1.6485 | 1.3383 |
| Capital Expenditures | — | — | 139,917,000 |
| Free Cash Flow | — | — | 125,908,000 |
| Return On Equity | 0.0964 | -0.0501 | 0.1063 |
| One Year Beta | 0.5417 | 1.0124 | 0.6229 |
| Three Year Beta | 0.6779 | 0.6754 | 0.93 |
| Five Year Beta | 0.9083 | 0.9051 | 0.8489 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| DENTON ROBERT L | Director | 2025-09-25 | 1,000 | D | 152,764 |
| DENTON ROBERT L | Director | 2025-09-05 | 1,500 | D | 153,764 |
| DENTON ROBERT L | Director | 2025-08-04 | 2,000 | D | 155,264 |
| DENTON ROBERT L | Director | 2025-06-09 | 1,000 | D | 157,264 |
| Trimberger Lisa G | Director | 2025-05-20 | 3,922 | A | 25,183 |
| Name Of Reporting Person | Report Date | State | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Lisa McClain | 2025-08-13 | MI09 | Sale | 2025-07-16 | Spouse | $1,001 - $15,000 |
| Lisa McClain | 2025-08-13 | MI09 | Purchase | 2025-06-11 | Spouse | $1,001 - $15,000 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Arkadios Wealth Advisors | 2025-06-30 | 334,605 | 12,132 | 27.5804 |
| DekaBank Deutsche Girozentrale | 2025-06-30 | 741,000 | 26,964 | 27.4811 |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY | 2025-06-30 | 330,960 | 12,000 | 27.58 |
| NORDEA INVESTMENT MANAGEMENT AB | 2025-06-30 | 10,327,966 | 375,699 | 27.49 |
| Hemington Wealth Management | 2025-06-30 | 1,000 | 62 | 16.129 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| Pacer Funds Trust | 2025-07-31 | Pacer Trendpilot US Mid Cap ETF | PTMC | 15,980 | 435,934.4 | 0.104 |
| Direxion Shares ETF Trust | 2025-07-31 | Direxion Daily Mid Cap Bull 3X Shares | MIDU | 1,964 | 53,577.92 | 0.0718 |
| Tidal Trust III | 2025-07-31 | Intech S&P Small-Mid Cap Diversified Alpha ETF | SMDX | 571 | 15,576.88 | 0.0194 |
| BNY Mellon ETF Trust | 2025-07-31 | BNY Mellon US Small Cap Core Equity ETF | BKSE | 3,619 | 98,726.32 | 0.1548 |
| BNY MELLON MIDCAP INDEX FUND, INC. | 2025-07-31 | Class I | DMIDX | 52,761 | 1,439,320.08 | 0.1027 |