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COPT Defense Properties CDP Defense/IT Portfolio — Carrying Value of Investment

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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%
CapEx$6.2M-10.1%
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:EquityMethodInvestments.

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

Amounts reported for segment assets represent long-lived assets associated with consolidated operating properties (including the carrying value of properties, right-of-use assets, net of related lease liabilities, intangible assets, deferred leasing costs, deferred rents receivable, and lease incentives) and the carrying value of investments in UJVs owning operating properties included in our data center shells sub-segment (totaling $11.8 million and $35.1 million as of March 31, 2026 and 2025, respectively), which is net of deficit investment balances in UJVs reported in “other liabilities” on our consolidated balance sheets.

Item 1. Financial Statements

FAQ

What is COPT Defense Properties's defense/it portfolio — carrying value of investment?
COPT Defense Properties (CDP) reported defense/it portfolio — carrying value of investment of $11.8M in Q1 2026.
How has COPT Defense Properties's defense/it portfolio — carrying value of investment changed year-over-year?
COPT Defense Properties's defense/it portfolio — carrying value of investment decreased by 66.4% year-over-year, from $35.1M to $11.8M.
What does defense/it portfolio — carrying value of investment mean?
The net book value of real estate assets and related investments within the Defense/IT portfolio segment as reported on the balance sheet. This reflects the capital intensity and historical investment level of the segment's asset base.

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