C

    COPT Defense Properties (CDP)

    Official site

    REAL ESTATE • REIT - OFFICE • NYSE

    $36.00
    -0.59 (-1.61%)

    Market Cap: $4.24B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    68%(27/40)
    Avg Surprise
    +7.18%
    Streak
    5 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$0.35
    Range$0.35 - $0.35
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate Drift
    90d ago$0.33-5.7%
    60d ago$0.33-5.7%
    30d ago$0.33-5.7%
    7d ago$0.33-5.7%
    Current$0.35
    Revenue Consensus
    $198M
    Range$190M - $202M
    3 analysts
    Dec 31, 2026
    EPS Consensus$0.43
    Range$0.41 - $0.46
    3 analysts
    Revenue Consensus
    $200M
    Range$174M - $216M
    3 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.43---
    Sep 26EST
    		-$0.35---
    Jun 26
    		$0.71$0.68+4.41%Beat+108.8%
    Mar 26
    		$0.34$0.32+6.25%Beat+9.7%
    Dec 25
    		$0.33$0.33+0.00%Beat+3.1%
    Sep 25
    		$0.35$0.35+0.00%Beat+6.1%
    Jun 25
    		$0.34$0.34+0.00%Beat-67.0%
    Mar 25
    		$0.31$0.33-6.06%Miss+3.3%
    Dec 24
    		$0.32$0.34-5.88%Miss+6.7%
    Sep 24
    		$0.33$0.32+3.13%Beat+0.0%
    Jun 24
    		$1.03$0.30+243.33%Beat+267.9%
    Mar 24
    		$0.30$0.28+7.14%Beat-57.1%
    Dec 23
    		$0.30$0.29+3.45%Beat+7.1%
    Sep 23
    		$0.33$0.27+22.22%Beat+13.8%
    Jun 23
    		$0.28$0.25+12.00%Beat-3.4%
    Mar 23
    		$0.70$0.40+75.00%Beat+159.3%
    Dec 22
    		$0.28$0.30-6.67%Miss+7.7%
    Sep 22
    		$0.29$0.25+16.00%Beat+16.0%
    Jun 22
    		$0.29$0.30-3.33%Miss+16.0%
    Mar 22
    		$0.27$0.27+0.00%Beat+12.5%
    Dec 21
    		$0.26$0.25+4.00%Beat+18.2%
    Sep 21
    		$0.25$0.26-3.85%Miss+186.2%
    Jun 21
    		$0.25$0.22+13.64%Beat+13.6%
    Mar 21
    		$0.24$0.23+4.35%Beat+4.3%
    Dec 20
    		$0.22N/A-60.00%Miss+10.0%
    Sep 20
    		$-0.29$-0.17-70.59%Miss-252.6%
    Jun 20
    		$0.22$0.19+15.79%Beat+10.0%
    Mar 20
    		$0.23$0.19+21.05%Beat+21.1%
    Dec 19
    		$0.20$0.17+17.65%Beat+25.0%
    Sep 19
    		$0.19$0.18+5.56%Beat+5.6%
    Jun 19
    		$0.20$0.18+11.11%Beat+5.3%
    Mar 19
    		$0.19$0.18+5.56%Beat+11.8%
    Dec 18
    		$0.16$0.19-15.79%Miss-15.8%
    Sep 18
    		$0.18$0.20-10.00%Miss-10.0%
    Jun 18
    		$0.19$0.19+0.00%Beat+90.0%
    Mar 18
    		$0.17$0.10+70.00%Beat+21.4%
    Dec 17
    		$0.19$0.28-32.14%Miss-24.0%
    Sep 17
    		$0.20$0.24-16.67%Miss+0.0%
    Jun 17
    		$0.10$0.18-44.44%Miss-
    Mar 17
    		$0.14$0.16-12.50%Miss-
    Dec 16
    		$0.25$0.22+13.64%Beat-
    Sep 16
    		$0.20$0.20+0.00%Beat-

    Dividends

    Dividend Metrics

    Yield3.47%
    Annual/Share$1.25
    Payout Ratio39.70%
    Frequency4
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+3.51%
    5Y CAGR+2.09%
    View CDP's full dividend history

    Key Metrics

    Valuation
    P/E Ratio20.81EV/EBITDA15.74x
    Price/FCF51.27xFCF Yield1.95%
    Profitability
    Profit Margin20.80%Operating Margin32.20%
    ROE10.80%ROIC6.34%
    Financial Health
    Debt/Equity1.70xInterest Coverage2.80x
    Current Ratio1.19xQuick Ratio1.19x
    Trading Statistics
    Beta0.79Avg Volume689.44K
    52-Week High$38.9052-Week Low$26.26

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$37.03
    SMA 20$37.03
    SMA 50$36.92
    SMA 200$32.20
    EMA 10$36.92
    EMA 20$37.02
    EMA 50$36.39
    EMA 200$32.95

    MACD

    Line: -0.02Signal: 0.11Hist: -0.13

    ADX

    ADX: 15.8+DI: 13.9-DI: 45.9

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down100.0
    PSAR$37.87

    Bollinger Bands

    Upper Band$37.91
    Lower Band$36.16
    %B Position471%(Upper)
    Band Width-0.09

    RSI (14-Day)

    Neutral
    37.0

    Momentum Oscillators

    Stoch %K48.4
    Stoch %D56.8
    Williams %R-40.7
    ROC (10d)-2.2%
    Momentum-0.81
    CCI (20d)-313.1
    MFI (14d)45.2

    Volatility Measures

    ATR (14d)$0.81(2.3%)
    StdDev (20d)0.44
    Hist Vol14.7%(Low)

    Volume Flow

    VWAP$35.25
    OBV28.4M
    AD Line-603.1M
    CMF (20d)-0.132

    Volume Metrics

    Avg Vol (20d)676.4K
    Vol Ratio1.3x
    VWMA (20d)$37.03

    Pivot Points

    R3$38.00
    R2$37.72
    R1$37.15
    Pivot Point$36.87
    S1$36.30
    S2$36.02
    S3$35.45

    Advanced Oscillators

    TSI-1.05
    Ultimate Osc54.0
    KST-8.72

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$197.39M$200.64M$197.36M$188.79M$189.91M$187.86M$183.43M$189.22M$187.34M$193.27M$178.30M$169.88M
    Cost of Revenue$72.59M$81.44M$74.62M$70.36M$66.92M$72.04M$66.96M$68.88M$63.41M$66.75M$118.48M$0
    Gross Profit$124.81M$119.20M$122.74M$118.44M$123.00M$115.82M$116.47M$120.34M$123.93M$126.52M$178.30M$169.88M
    Operating Expenses$61.58M$60.30M$64.41M$57.59M$63.36M$60.92M$62.18M$65.85M$69.81M$76.11M$129.81M$374.27M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$13.26M$12.65M$11.74M$12.03M$11.91M$12.16M$11.84M$11.42M$12.03M$11.75M$11.35M$10.58M
    Operating Income$63.23M$58.90M$58.34M$60.84M$59.64M$54.90M$54.29M$54.49M$54.13M$50.41M$48.49M$-204,389,000
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$24.44M$24.00M$24.39M$20.89M$20.94M$20.50M$20.39M$20.38M$20.62M$20.77M$20.38M$17.80M
    Income Before Tax$48.20M$38.86M$39.25M$42.54M$39.93M$35.96M$36.23M$37.44M$36.40M$33.77M$35.18M$-220,987,000
    Income Tax Expense$34,000$124,000$115,000$612,000$117,000$103,000$-24,000$130,000$14,000$168,000$121,000$152,000
    Net Income$48.56M$40.14M$39.40M$43.74M$40.17M$36.23M$36.47M$37.40M$36.41M$33.67M$34.82M$-221,207,000
    EBITDA$117.27M$108.00M$108.43M$106.22M$102.62M$98.08M$97.74M$98.44M$97.44M$95.19M$93.17M$-162,236,000
    EBIT$72.64M$62.85M$63.64M$63.44M$60.87M$56.46M$56.62M$57.82M$57.01M$54.54M$54.13M$-201,860,000
    * Some calculated fields are derived from available data when not provided by source

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    News

    COPT Defense Properties shows strong growth and income potential with steady FFO and rising NOI.

    COPT Defense Properties (CDP) is recommended as a strong buy for value and income investors due to its essential Defense/IT assets and high tenant retention. The company has demonstrated consistent growth, achieving 24 consecutive quarters of year-over-year FFO/share increases and a 7.4% rise in same-property cash NOI in Q2 2026. Its attractive valuation, strong performance, and conservative balance sheet make it a solid investment for dependable income and growth.

    Pluang•8/25/26•
    Bullish

    Truist raises COPT Defense Properties stock price target on valuation

    Truist Securities has increased its price target for COPT Defense Properties (NYSE: CDP) to $38 from $34, while maintaining a Hold rating, primarily due to the company's exchangeable notes moving deeper into the money. Despite lowering FFO estimates for 2026 and 2027 due to increased share count, Truist raised the price target, indicating a stable FFO multiple and a 5.5% potential total return. This follows COPT Defense Properties surpassing Q2 2026 earnings and revenue expectations and raising its full-year guidance.

    Investing.com•8/24/26•
    Neutral

    Truist Securities Adjusts Price Target on COPT Defense Properties to $38 From $34, Keeps Hold Rating

    Truist Securities has increased its price target for COPT Defense Properties (CDP) to $38 from $34, while maintaining a "Hold" rating on the stock. This adjustment comes after the company reported its second-quarter earnings and provided guidance for the remainder of 2026. COPT Defense Properties also announced it would keep its quarterly dividend at $0.32 per share.

    marketscreener.com•8/24/26•
    Somewhat-Bullish

    COPT Defense Properties Number of Employees 2026 | Employee Count & Headcount Data

    COPT Defense Properties (CDP) has approximately 434 employees worldwide as of March 2026, marking a 3.8% growth since 2023 but a 1.3% decline year-over-year in 2026. The company, headquartered in Riverside, Maryland, is actively hiring and primarily concentrates its workforce in North America, with functional groups focused on Finance and Operations, Sales and Marketing, and Engineering. The average salary is $97,669, though overall employee sentiment is negative and declining.

    Revelio Labs•8/19/26•
    Somewhat-Bearish

    COPT Defense Properties Keeps Quarterly Dividend at $0.32 a Share, Payable Oct. 15 to Holders of Record Sept. 30

    COPT Defense Properties has announced that it will maintain its quarterly dividend at $0.32 per share. This dividend is scheduled to be paid on October 15, 2026, to shareholders of record as of September 30, 2026. The company is a self-managed real estate investment trust specializing in properties near U.S. Government defense installations.

    marketscreener.com•8/13/26•
    Somewhat-Bullish

    Frequently Asked Questions About CDP

    What is CDP's current dividend yield?
    COPT Defense Properties (CDP) has a current dividend yield of 3.47%.
    Does CDP pay dividends?
    Yes, COPT Defense Properties pays dividends with a current yield of 3.47%.
    What is CDP's P/E ratio?
    COPT Defense Properties has a price-to-earnings (P/E) ratio of 20.81.
    What is CDP's market cap?
    COPT Defense Properties (CDP) has a market capitalization of $4.24B with a current stock price of $36.00.

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