COPT Defense Properties (NYSE:CDP) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

COPT Defense Properties (NYSE:CDP) posted its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06, Zacks reports. The company had revenue of $208.76 million during the quarter, compared to analysts’ expectations of $190.43 million. COPT Defense Properties had a return on equity of 10.84% and a net margin of 21.17%.

COPT Defense Properties Stock Down 2.5%

CDP opened at $33.39 on Friday. COPT Defense Properties has a fifty-two week low of $27.06 and a fifty-two week high of $38.90. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.89 and a quick ratio of 2.89. The firm’s fifty day moving average price is $34.48 and its two-hundred day moving average price is $33.58. The company has a market capitalization of $3.79 billion, a P/E ratio of 12.19 and a beta of 0.77.

COPT Defense Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 30th. COPT Defense Properties’s dividend payout ratio (DPR) is 86.49%.

Key COPT Defense Properties News

Here are the key news stories impacting COPT Defense Properties this week:

• Positive Sentiment: Third-quarter funds from operations (FFO) were $0.71 per share, up from $0.69 a year earlier and above the $0.69 consensus estimate. Revenue reached $208.8 million, exceeding the roughly $190.4 million analyst forecast. COPT Defense Q3 FFO and Revenues Beat Estimates
• Positive Sentiment: Net income increased to $49.8 million from $43.7 million in the year-ago quarter, while nine-month revenue totaled $606.8 million and net income reached $138.5 million. COPT Defense Reports Third-Quarter Revenue
• Positive Sentiment: COPT’s Defense/IT portfolio remained highly leased at 96.2%, supporting recurring rental revenue from government and defense-related tenants. The company completed 842,000 square feet of leasing during the quarter. COPT Defense Properties Reports Earnings Results
• Neutral Sentiment: Management’s earnings call and presentation provide additional detail on operating trends, leasing activity, and the outlook investors will use to assess whether the quarterly outperformance can continue. COPT Defense Properties Q3 2026 Earnings Call Transcript
• Negative Sentiment: Leasing retention was 69.9%, which could raise concerns about tenant turnover and future leasing costs despite the portfolio’s high occupancy. The overall portfolio was 95.0% leased and 94.0% occupied at quarter-end. COPT Defense Reports Third-Quarter Results
• Negative Sentiment: Recent insider activity included share sales by executives, with no reported insider purchases. This may add a modest sentiment headwind, although insider transactions do not necessarily indicate a change in fundamentals.

Analyst Ratings Changes

CDP has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of COPT Defense Properties in a research note on Thursday, October 15th. Citigroup raised their price target on shares of COPT Defense Properties from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Evercore restated an “outperform” rating and set a $42.00 price objective on shares of COPT Defense Properties in a report on Monday, July 27th. BTIG Research restated a “buy” rating and set a $38.00 price objective on shares of COPT Defense Properties in a report on Friday. Finally, Wells Fargo & Company upped their price objective on shares of COPT Defense Properties from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, COPT Defense Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

COPT Defense Properties Company Profile

COPT Defense Properties is a real estate investment trust that owns, develops, manages and leases properties designed to support the U.S. government, defense and information technology sectors. Its portfolio includes office buildings, data centers, specialized facilities and other mission-critical properties leased primarily to government agencies, defense contractors and technology companies.

The company’s properties are concentrated in key defense and national security markets, including Northern Virginia, suburban Maryland and the broader Washington, DC, region.