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COPT Defense Properties

CDP

COPT Defense Properties is a self-managed real estate investment trust (REIT) that specializes in the ownership, operation, and development of mission-critical properties.

Market cap
$4.34B+40.5%
Revenue$784.2M+4.5%
Net income$169.7M+13.0%
EPS (diluted)$1.44+12.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$197.4M+3.9%
Net income$46.4M+15.6%
EPS (diluted)$0.40+17.6%

Balance sheet

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Cash & equivalents$24.2M+13.5%
Total debt$2.6B+6.0%
Total equity$1.6B+5.6%
Total assets$4.5B+5.3%

Valuation & ratios

Valuation

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Market cap$4.34B+40.5%
Enterprise value$6.95B+24.4%
P/E25.6×+4.8×
P/S5.5×+1.4×

Profitability

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Net margin21.6%+1.6pp

Returns & leverage

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Return on equity11%+1.0pp
Debt / equity1.7×0.0×

Segments

By segment

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Defense/IT Portfolio$171.93B

Competitors

Profile

COPT Defense Properties is a self-managed real estate investment trust (REIT) that specializes in the ownership, operation, and development of mission-critical properties. The company focuses on high-security office environments and data center shells located near or within key U.S. Government defense installations. Its core value proposition lies in providing specialized infrastructure that supports national security, intelligence, and cyber activities for government agencies and defense contractors.

Competitive position

A leading provider of specialized, high-security real estate for the U.S. defense and intelligence community with significant land holdings near key military installations.

GeographiesUnited States, Maryland, Virginia, Alabama, Texas
Customer segmentsGovernment Agencies, Defense Contractors, Technology Companies
Business modelProperty Leasing, Triple-Net Lease (NNN), Real Estate Development
SuppliersLand Acquisition, Construction Materials and Labor, Municipal Utilities, Capital Markets and Institutional Lenders
CustomersU.S. Department of Defense, Intelligence Community Agencies, Aerospace and Defense Contractors, Hyperscale Cloud Providers
Listed1991
Employees410.0
CEOStephen E. Budorick
Websitecopt.com
FilingsSEC EDGAR

Questions, answered.

What is COPT Defense Properties's market cap?
COPT Defense Properties (CDP) has a market capitalization of $4.3B and trades on NYSE.
What is COPT Defense Properties's revenue and profitability?
COPT Defense Properties generated $784.2M in trailing twelve-month revenue with net income of $169.7M, representing a net margin of 21.6%. Gross margin stands at 78.3%. These figures are based on the Q2 2026 filing.
Who are COPT Defense Properties's competitors?
COPT Defense Properties's key competitors include JBG SMITH Properties, Cousins Properties Incorporated, Digital Realty Trust, Inc., and others. These companies compete in similar markets and product categories.
Who does COPT Defense Properties partner with?
COPT Defense Properties's notable partners include U.S. Green Building Council, Environmental Protection Agency.
What subsidiaries does COPT Defense Properties have?
COPT Defense Properties's subsidiaries include COPT Defense Properties, L.P..
Where is COPT Defense Properties headquartered?
COPT Defense Properties is headquartered in United States of America and employs approximately 410 people. It has been publicly traded since 1991.