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COPT Defense Properties CDP Incentive To Lessee

Incentive To Lessee at other companies

Global Net Lease logo
Global Net LeaseGNL
$71.95M-18.6%
Global Net Lease logo
Global Net LeaseGNL
$71.95M-18.6%
American Healthcare REIT logo
American Healthcare REITAHR
$1.58M-18.1%
American Healthcare REIT logo
American Healthcare REITAHR
$1.58M-18.1%
Essential Properties Realty Trust logo
Essential Properties Realty TrustEPRT
$23.19M+19.9%
National Health Investors logo
National Health InvestorsNHI
$12.65M+96.8%

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$4.21B+34.3%
Enterprise value$6.82B+21.8%
P/E24.8×+3.9×
P/S5.4×+1.2×

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:IncentiveToLessee.

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 itemMarch 31,2026December 31,2025
Investment in unconsolidated real estate joint ventures35,81836,368
Accounts receivable, net51,90758,185
Deferred rent receivable182,647177,921
Lease incentives, net71,87972,347
Deferred leasing costs (net of accumulated amortization of $45,370 and $44,127, respectively)76,43075,052
Investing receivables (net of allowance for credit losses of $3,253 and $3,575, respectively)69,92269,856
Prepaid expenses and other assets, net89,844103,215
Total assets$4,458,909$4,701,790

Item 1. Financial Statements

FAQ

What is COPT Defense Properties's incentive to lessee?
COPT Defense Properties (CDP) reported incentive to lessee of $71.88M in Q1 2026.
How has COPT Defense Properties's incentive to lessee changed year-over-year?
COPT Defense Properties's incentive to lessee increased by 11.9% year-over-year, from $64.26M to $71.88M.
What is the long-term trend for COPT Defense Properties's incentive to lessee?
Over 4 years (2021 to 2025), COPT Defense Properties's incentive to lessee has grown at a 8.9% compound annual growth rate (CAGR), from $51.49M to $72.35M.
What does incentive to lessee mean?
The unamortized balance of financial incentives provided to tenants, such as fit-out allowances or rent abatements, to secure lease agreements. These costs are capitalized and amortized over the life of the lease as a reduction of rental income. This metric is vital for understanding the true cost of tenant acquisition and capital allocation efficiency.

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