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Other financials

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%

Cash flow

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Operating cash flow$96.4M+33.8%
Free cash flow$90.2M+38.4%

Valuation

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Market cap$4.22B+32.2%
Enterprise value$6.83B+20.8%
P/E24.9×+3.6×
P/S5.4×+1.1×

Profitability

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Gross margin78.3%
Operating margin22.6%
Net margin21.6%+1.6pp
FCF margin40.4%-0.6pp

Returns & leverage

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

Where this comes from

Reported directly by COPT Defense Properties in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForCapitalImprovements.

The source filing: COPT Defense Properties’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000860546-26-000029
Line itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Cash flows from investing activities
Properties in development or held for future development(60,794)(34,886)
Tenant improvements on operating properties(12,687)(14,484)
Other capital improvements on operating properties(6,239)(6,939)
Investing receivables funded(9,259)
Leasing costs paid(6,013)(4,363)
Other3,433385
Net cash used in investing activities(82,300)(69,546)

Item 1. Financial Statements

FAQ

What is COPT Defense Properties's capex?
COPT Defense Properties (CDP) reported capex of $6.24M in Q1 2026.
How has COPT Defense Properties's capex changed year-over-year?
COPT Defense Properties's capex decreased by 10.1% year-over-year, from $6.94M to $6.24M.
What is the long-term trend for COPT Defense Properties's capex?
Over 4 years (2021 to 2025), COPT Defense Properties's capex has grown at a -8.5% compound annual growth rate (CAGR), from $30.03M to $21.07M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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