COPT Defense Properties
About: COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. Its tenants include the USG and their defense contractors, who are engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. Its properties include 195 operating properties totaling approximately 22.4 million square feet comprised of 16.5 million square feet in 164 office properties and 5.9 million square feet in 31 single-tenant data center shells.
Employees: 427
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
57% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 23
12% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 107
3% more funds holding
Funds holding: 290 [Q3] → 299 (+9) [Q4]
1.01% more ownership
Funds ownership: 105.58% [Q3] → 106.58% (+1.01%) [Q4]
3% more capital invested
Capital invested by funds: $3.61B [Q3] → $3.72B (+$109M) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
63% less call options, than puts
Call options by funds: $186K | Put options by funds: $508K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$31
12%
upside
Avg. target
$31
12%
upside
High target
$31
12%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jefferies Peter Abramowitz 35% 1-year accuracy 6 / 17 met price target | 12%upside $31 | Buy Initiated | 17 Mar 2025 |
Financial journalist opinion
Negative
Benzinga
3 weeks ago
COPT Defense Properties Faces Risks: Analyst Sees Uncertainty In Leasing Process Amid Budget Cut Risks
JP Morgan analyst Anthony Paolone maintained the Neutral rating on COPT Defense Properties CDP, lowering the price forecast to $29 from $31.
Neutral
Business Wire
1 month ago
COPT Defense Executes 48,000 SF Lease with a Top 10 U.S. Defense Contractor at Franklin Center in Columbia Gateway
COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) has executed a 10-year lease with a top 10 U.S. Defense Contractor for 48,100 square feet at 6841 Benjamin Franklin Drive (“Franklin Center”) in Columbia Gateway. With this transaction, Franklin Center is now 80% leased, with 41,000 square feet of remaining availability. Overall, the Company's 2.5 million square foot Columbia Gateway portfolio is now 92.0% leased, with only 200,000 square feet.
Neutral
Business Wire
1 month ago
COPT Defense to Present at Citi's 2025 Global Property CEO Conference
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 2025 Global Property CEO Conference. The presentation will be held on March 4, 2025 at 2:55 p.m. Eastern Time at The Diplomat Resort & Spa in Hollywood, Florida. A live audio webcast of the presentation and materials encompassing the.
Negative
Seeking Alpha
1 month ago
Bad Vibes, Positive Results
US equity markets slumped this week - while benchmark interest rates tumbled to two-month lows - after downbeat economic data and cautious corporate commentary sparked concern over slowing economic growth. Compounded by some unsettling COVID-related headlines late in the week, investors adopted a more "risk off" position after consumer and business survey data picked up a sudden negative sentiment shift. After notching a pair of record-highs early in the week, a two-day tumble sent the S&P 500 lower by 1.6% on the week. Small-Caps and Mid-Caps both dipped over 3%.
Neutral
Business Wire
1 month ago
COPT Defense Increases Quarterly Dividend by 3.4%
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 $0.305 per common share for the first quarter ending March 31, 2025. This represents an increase of 3.4%, or $0.01 per share, over the most recent quarterly dividend of $0.295. The first quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on April 16, 2025, to shareholders of.
Neutral
Business Wire
1 month ago
Sparkfly Expands to Over 18,000 Locations, Posts 30% Growth in 2024
ATLANTA--(BUSINESS WIRE)--Sparkfly, an award-winning retail technology solutions company, today announced significant growth and performance achievements for 2024. The company posted a 30 percent revenue increase year-over-year, while maintaining an exceptional 98.6 percent client retention rate and a 99.4 percent revenue retention rate. “Now more than ever, consumers are demanding greater value from their retail, QSR, and other food service experiences – and our growth is reflective of the tru.
Negative
Seeking Alpha
1 month ago
COPT Defense: High Rates And DOGE Uncertainty Limit Upside
COPT Defense Properties offers a unique defense real estate portfolio with high occupancy and a 4.2% dividend yield but faces growth headwinds from rising interest rates. CDP's specialized properties near key government facilities have strong demand, but uncertainties in defense spending and higher refinancing costs could limit future growth. It is unclear how much DOGE will seek to cut defense department headcount and spending, though Senate Republicans will likely limit cuts.
Positive
Seeking Alpha
1 month ago
REITs Lead On Earnings Uplift
US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment data. The U.S. economy added 143k jobs in January. Upward revisions to prior months and strong wage growth metrics indicated that labor markets remain "healthy" at minimum, and perhaps even "tight." Following a decline of 1% last week sparked by "DeepSeek" concerns, the S&P 500 retreated by 0.2%, relinquishing an early week rally. The Small-Cap and Mid-Cap indexes dipped 1%.
Neutral
Seeking Alpha
1 month ago
COPT Defense Properties (CDP) Q4 2024 Earnings Call Transcript
COPT Defense Properties (NYSE:CDP ) Q4 2024 Earnings Conference Call February 7, 2025 12:00 PM ET Company Participants Venkat Kommineni - Vice President, Investor Relations Steve Budorick - President and Chief Executive Officer Britt Snider - Executive Vice President and Chief Operating Officer Anthony Mifsud - Executive Vice President and Chief Financial Officer Conference Call Participants Tom Catherwood - BTIG Michael Griffin - Citi Anthony Paolone - JPMorgan Blaine Heck - Wells Fargo Richard Anderson - Wedbush Securities Dylan Burzinski - Green Street Operator Welcome to the COPT Defense Properties Fourth Quarter and Full-Year 2024 Results Conference Call. As a reminder, today's call is being recorded.
Positive
Zacks Investment Research
1 month ago
COPT Defense (CDP) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for COPT Defense (CDP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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