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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:ShareBasedCompensation.

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
Amortization of deferred financing costs and net debt discounts2,0491,718
Change in net deferred rent receivable and liability(4,486)(5,290)
Gain on sales of real estate(582)(300)
Share-based compensation3,1862,854
Other(648)980
Changes in operating assets and liabilities
Decrease (increase) in accounts receivable6,466(3,628)
Decrease in lease incentives and prepaid expenses and other assets, net12,63315,971

Item 1. Financial Statements

FAQ

What is COPT Defense Properties's stock-based comp?
COPT Defense Properties (CDP) reported stock-based comp of $3.19M in Q1 2026.
How has COPT Defense Properties's stock-based comp changed year-over-year?
COPT Defense Properties's stock-based comp increased by 11.6% year-over-year, from $2.85M to $3.19M.
What is the long-term trend for COPT Defense Properties's stock-based comp?
Over 4 years (2021 to 2025), COPT Defense Properties's stock-based comp has grown at a 10.0% compound annual growth rate (CAGR), from $7.98M to $11.69M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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