COPT Defense Properties (NYSE:CDP) Announces Quarterly Earnings Results

COPT Defense Properties (NYSE:CDP) issued its earnings results on Thursday. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06, Zacks reports. The firm had revenue of $208.76 million during the quarter, compared to the consensus estimate of $190.43 million. COPT Defense Properties had a return on equity of 10.84% and a net margin of 21.17%.

COPT Defense Properties Stock Performance

Shares of CDP stock traded down $0.86 during trading hours on Friday, hitting $33.39. 1,192,374 shares of the company were exchanged, compared to its average volume of 790,125. The firm has a fifty day simple moving average of $34.48 and a 200 day simple moving average of $33.58. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.64. COPT Defense Properties has a 52-week low of $27.06 and a 52-week high of $38.90. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 22.56 and a beta of 0.77.

COPT Defense Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, September 30th. COPT Defense Properties’s payout ratio is presently 86.49%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup upped their price objective on shares of COPT Defense Properties from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. BTIG Research restated a “buy” rating and issued a $38.00 target price on shares of COPT Defense Properties in a research report on Friday. Truist Financial boosted their target price on shares of COPT Defense Properties from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, August 24th. Wells Fargo & Company boosted their target price on shares of COPT Defense Properties from $36.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of COPT Defense Properties in a research note on Thursday, October 15th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Key Stories Impacting COPT Defense Properties

Here are the key news stories impacting COPT Defense Properties this week:

• Positive Sentiment: Third-quarter funds from operations (FFO) were $0.71 per share, up from $0.69 a year earlier and above the $0.69 consensus estimate. Revenue reached $208.8 million, exceeding the roughly $190.4 million analyst forecast. COPT Defense Q3 FFO and Revenues Beat Estimates
• Positive Sentiment: Net income increased to $49.8 million from $43.7 million in the year-ago quarter, while nine-month revenue totaled $606.8 million and net income reached $138.5 million. COPT Defense Reports Third-Quarter Revenue
• Positive Sentiment: COPT’s Defense/IT portfolio remained highly leased at 96.2%, supporting recurring rental revenue from government and defense-related tenants. The company completed 842,000 square feet of leasing during the quarter. COPT Defense Properties Reports Earnings Results
• Neutral Sentiment: Management’s earnings call and presentation provide additional detail on operating trends, leasing activity, and the outlook investors will use to assess whether the quarterly outperformance can continue. COPT Defense Properties Q3 2026 Earnings Call Transcript
• Negative Sentiment: Leasing retention was 69.9%, which could raise concerns about tenant turnover and future leasing costs despite the portfolio’s high occupancy. The overall portfolio was 95.0% leased and 94.0% occupied at quarter-end. COPT Defense Reports Third-Quarter Results
• Negative Sentiment: Recent insider activity included share sales by executives, with no reported insider purchases. This may add a modest sentiment headwind, although insider transactions do not necessarily indicate a change in fundamentals.

About COPT Defense Properties

COPT Defense Properties is a real estate investment trust that owns, develops, manages and leases properties designed to support the U.S. government, defense and information technology sectors. Its portfolio includes office buildings, data centers, specialized facilities and other mission-critical properties leased primarily to government agencies, defense contractors and technology companies.

The company’s properties are concentrated in key defense and national security markets, including Northern Virginia, suburban Maryland and the broader Washington, DC, region.