Recent Analyst Ratings for COPT Defense Properties
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/22/2024 | $29.00 → $25.00 | Buy → Neutral | Citigroup |
2/21/2024 | $26.00 → $28.00 | Hold → Buy | Jefferies |
2/12/2024 | $27.00 → $28.00 | In-line → Outperform | Evercore ISI |
12/18/2023 | $26.00 | Overweight → Neutral | JP Morgan |
10/3/2023 | $27.00 | Outperform | Wedbush |
COPT Defense Properties Press Releases
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COPT Defense Increases Quarterly Dividend by 3.4%
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the first quarter ending March 31, 2025. This represents an increase of 3.4%, or $0.01 per share, over the most recent quarterly dividend of $0.295. The first quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on April 16, 2025, to shareholders of record on March 31, 2025. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Govern
COPT Defense Establishes 2025 Guidance
FFO per Share to Increase 3.5% at Midpoint COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") is establishing the following guidance for the year ending December 31, 2025: 2025 Guidance Diluted earnings per share ("EPS") in the range of $1.27−$1.35; and Diluted FFO per share ("FFOPS") - Nareit and as adjusted for comparability, in the range of $2.62−$2.70. 1Q25 Guidance For the quarter ending March 31, 2025, the Company is establishing the following guidance: EPS in the range of $0.31−$0.33; and FFOPS - Nareit and as adjusted for comparability, in the range of $0.64−$0.66. 2025 Guidance Reconciliation Tables Reconciliations of projected EPS to pro
COPT Defense Reports Strong Full Year 2024 Results
_______________________________________________________________ EPS of $1.23 for Full Year FFO per Share, as Adjusted for Comparability, of $2.57 Increased 6.2% Over 2023 Results Total Portfolio 93.6% Occupied and 95.1% Leased Defense/IT Portfolio 95.6% Occupied and 96.8% Leased For the year, Same Property Cash NOI Increased 9.1% The Company's Highest Increase Ever Reported _______________________________________________________________ Exceeded Leasing Goals in 2024 Total Leasing of 3.2 million SF 500,000 SF of Vacancy Leasing Exceeded Annual Target of 400,000 SF Tenant Retention of 86% Highest Annual Retention Rate in Over 20 Years ___________________________
COPT Defense Announces Tax Treatment of 2024 Distributions
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced the 2024 tax treatment of its common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of COPT Defense common share distributions. Please note that the common share distributions with a record date of December 31, 2024, and payment date of January 15, 2025, are allocated to 2024 for income tax purposes. The table below summarizes the income tax treatment of 2024 distributions: Common Shares (CUSIP #22002T108) Record Date Payment Date Total Distribution per Share Total Distribution Allocable to 2024 2024 Taxable
COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2024 Results and Management's 2025 Outlook
Publishes Corporate Sustainability Report and TCFD Report COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the release date and conference call details in which management will discuss fourth quarter and year end 2024 results and guidance for 2025. Details: Results Release Date: Thursday, February 6, 2025 after the market closes Conference Call Date: Friday, February 7, 2025 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only takes a few moments and provides direct access to the con
COPT Defense Declares Fourth Quarter 2024 Common Dividend
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the fourth quarter ending December 31, 2024. The fourth quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on January 15, 2025, to shareholders of record on December 31, 2024. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ("USG") defense installations and missions (referred to as its Defense/IT Portfolio). The C
COPT Defense Reports Strong Third Quarter 2024 Results
_______________________________________________________________ EPS of $0.32 FFO per Share, as Adjusted for Comparability, of $0.65 1-cent above the Midpoint of Guidance Increased Midpoint of 2024 FFO per Share Guidance by 1-cent to $2.57 Implies 6.2% FFO per Share Growth for the Year Defense/IT Portfolio 95.0% Occupied and 96.5% Leased Same Property Cash NOI Increased 9.4% in 3Q24 and 8.8% Year-to-Date Raised Midpoint of Same Property Cash NOI Guidance for the Year by 50 Basis Points to 8.5% _______________________________________________________________ Strong Leasing Volume and Retention YTD Total Leasing of 829,000 SF in 3Q24 and 2.5 million SF Year-to-Date 123,000 SF in 3Q24 and
COPT Defense Acquires Land for Data Center Shell Development near Des Moines, IA and an 80,000 Square Foot Building in San Antonio, TX
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") acquired a 365-acre land parcel near Des Moines, Iowa in late September for $32 million to expand its data center shell program. The existing zoning on the land allows for data center development and initial plans indicate that the site can accommodate approximately 3.3 million square feet of development, supported by an estimated 1 gigawatt of power capacity. Also, late in the third quarter, the Company acquired an 80,000 square foot building at 3900 Rogers Road in San Antonio, Texas for $17 million. The building was vacant upon acquisition, and the Company subsequently executed two leases with the U.S. Government to occ
COPT Defense Provides Conference Call Details to Discuss 3Q 2024 Results
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the release date and conference call details in which management will discuss third quarter 2024 results. Details: Results Release Date: Monday, October 28, 2024 after the market closes Conference Call Date: Tuesday, October 29, 2024 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only takes a few moments and provides direct access to the conference call without waiting for an operator. You may register at any time, including up to and after the call start time: https://re
COPT Defense to Present at the BofA Securities 2024 Global Real Estate Conference
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced that its President and CEO, Stephen E. Budorick, will provide an overview of the Company and participate in a question and answer session at the BofA Securities 2024 Global Real Estate Conference. The presentation will be held on Wednesday, September 11, 2024 at 3:45 p.m. Eastern Time. A live audio webcast of the presentation will be available in the ‘News & Events – IR Calendar' section of COPT Defense's Investors website: https://investors.copt.com/news-events/ir-calendar About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properti
COPT Defense Properties Analyst Ratings
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COPT Defense Properties downgraded by Citigroup with a new price target
Citigroup downgraded COPT Defense Properties from Buy to Neutral and set a new price target of $25.00 from $29.00 previously
COPT Defense Properties upgraded by Jefferies with a new price target
Jefferies upgraded COPT Defense Properties from Hold to Buy and set a new price target of $28.00 from $26.00 previously
COPT Defense Properties upgraded by Evercore ISI with a new price target
Evercore ISI upgraded COPT Defense Properties from In-line to Outperform and set a new price target of $28.00 from $27.00 previously
COPT Defense Properties downgraded by JP Morgan with a new price target
JP Morgan downgraded COPT Defense Properties from Overweight to Neutral and set a new price target of $26.00
Wedbush initiated coverage on COPT Defense Properties with a new price target
Wedbush initiated coverage of COPT Defense Properties with a rating of Outperform and set a new price target of $27.00
COPT Defense Properties Insider Purchases
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
EVP & COO Snider Britt A. bought $29,407 worth of shares (1,000 units at $29.41), increasing direct ownership by 100% to 2,000 units (SEC Form 4)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
COPT Defense Properties Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
SEC Form 4 filed by Director Denton Robert L
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
SEC Form 4 filed by Director Denton Robert L
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
SEC Form 4 filed by PRESIDENT/CEO Budorick Stephen E
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
SEC Form 4 filed by EVP AND CFO Mifsud Anthony
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
SEC Form 4 filed by Director Denton Robert L
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
SVP-CAO & CONTROLLER Myers Matthew T covered exercise/tax liability with 250 shares and sold $16,160 worth of shares (500 units at $32.32), decreasing direct ownership by 9% to 7,784 units (SEC Form 4)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
SEC Form 4 filed by Director Denton Robert L
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
PRESIDENT/CEO Budorick Stephen E sold $288,145 worth of shares (8,854 units at $32.54), decreasing direct ownership by 5% to 153,882 units (SEC Form 4)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
PRESIDENT/CEO Budorick Stephen E sold $293,724 worth of shares (9,000 units at $32.64), decreasing direct ownership by 5% to 162,736 units (SEC Form 4)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
PRESIDENT/CEO Budorick Stephen E sold $291,645 worth of shares (9,000 units at $32.41), decreasing direct ownership by 5% to 171,736 units (SEC Form 4)
4 - COPT DEFENSE PROPERTIES (0000860546) (Issuer)
COPT Defense Properties SEC Filings
SEC Form 10-K filed by COPT Defense Properties
10-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
COPT Defense Properties filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
SEC Form 10-Q filed by COPT Defense Properties
10-Q - COPT DEFENSE PROPERTIES (0000860546) (Filer)
COPT Defense Properties filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
SEC Form 10-Q filed by COPT Defense Properties
10-Q - COPT DEFENSE PROPERTIES (0000860546) (Filer)
COPT Defense Properties filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
SEC Form S-8 filed by COPT Defense Properties
S-8 - COPT DEFENSE PROPERTIES (0000860546) (Filer)
COPT Defense Properties filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
SEC Form 10-Q filed by COPT Defense Properties
10-Q - COPT DEFENSE PROPERTIES (0000860546) (Filer)
COPT Defense Properties filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - COPT DEFENSE PROPERTIES (0000860546) (Filer)
COPT Defense Properties Leadership Updates
Live Leadership Updates
COPT Defense Appoints Britt A. Snider as Chief Operating Officer
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the appointment of Britt A. Snider as Executive Vice President and Chief Operating Officer, effective December 1, 2023. Mr. Snider is an established commercial real estate executive with nearly 20 years of experience in development, asset management, property management and leasing, corporate operations, and corporate strategy. Prior to joining COPT Defense, he served as Principal of Redbrick LMD, a diversified real estate investment and development company based in Washington, D.C., where he was a member of the senior leadership team overseeing the company's development, asset management and leasing activities
COPT Defense Properties Financials
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COPT Defense Increases Quarterly Dividend by 3.4%
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the first quarter ending March 31, 2025. This represents an increase of 3.4%, or $0.01 per share, over the most recent quarterly dividend of $0.295. The first quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on April 16, 2025, to shareholders of record on March 31, 2025. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Govern
COPT Defense Establishes 2025 Guidance
FFO per Share to Increase 3.5% at Midpoint COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") is establishing the following guidance for the year ending December 31, 2025: 2025 Guidance Diluted earnings per share ("EPS") in the range of $1.27−$1.35; and Diluted FFO per share ("FFOPS") - Nareit and as adjusted for comparability, in the range of $2.62−$2.70. 1Q25 Guidance For the quarter ending March 31, 2025, the Company is establishing the following guidance: EPS in the range of $0.31−$0.33; and FFOPS - Nareit and as adjusted for comparability, in the range of $0.64−$0.66. 2025 Guidance Reconciliation Tables Reconciliations of projected EPS to pro
COPT Defense Reports Strong Full Year 2024 Results
_______________________________________________________________ EPS of $1.23 for Full Year FFO per Share, as Adjusted for Comparability, of $2.57 Increased 6.2% Over 2023 Results Total Portfolio 93.6% Occupied and 95.1% Leased Defense/IT Portfolio 95.6% Occupied and 96.8% Leased For the year, Same Property Cash NOI Increased 9.1% The Company's Highest Increase Ever Reported _______________________________________________________________ Exceeded Leasing Goals in 2024 Total Leasing of 3.2 million SF 500,000 SF of Vacancy Leasing Exceeded Annual Target of 400,000 SF Tenant Retention of 86% Highest Annual Retention Rate in Over 20 Years ___________________________
COPT Defense Announces Tax Treatment of 2024 Distributions
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced the 2024 tax treatment of its common share distributions as described below. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of COPT Defense common share distributions. Please note that the common share distributions with a record date of December 31, 2024, and payment date of January 15, 2025, are allocated to 2024 for income tax purposes. The table below summarizes the income tax treatment of 2024 distributions: Common Shares (CUSIP #22002T108) Record Date Payment Date Total Distribution per Share Total Distribution Allocable to 2024 2024 Taxable
COPT Defense Provides Conference Call Details to Discuss 4Q and YE 2024 Results and Management's 2025 Outlook
Publishes Corporate Sustainability Report and TCFD Report COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the release date and conference call details in which management will discuss fourth quarter and year end 2024 results and guidance for 2025. Details: Results Release Date: Thursday, February 6, 2025 after the market closes Conference Call Date: Friday, February 7, 2025 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only takes a few moments and provides direct access to the con
COPT Defense Declares Fourth Quarter 2024 Common Dividend
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the fourth quarter ending December 31, 2024. The fourth quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on January 15, 2025, to shareholders of record on December 31, 2024. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ("USG") defense installations and missions (referred to as its Defense/IT Portfolio). The C
COPT Defense Reports Strong Third Quarter 2024 Results
_______________________________________________________________ EPS of $0.32 FFO per Share, as Adjusted for Comparability, of $0.65 1-cent above the Midpoint of Guidance Increased Midpoint of 2024 FFO per Share Guidance by 1-cent to $2.57 Implies 6.2% FFO per Share Growth for the Year Defense/IT Portfolio 95.0% Occupied and 96.5% Leased Same Property Cash NOI Increased 9.4% in 3Q24 and 8.8% Year-to-Date Raised Midpoint of Same Property Cash NOI Guidance for the Year by 50 Basis Points to 8.5% _______________________________________________________________ Strong Leasing Volume and Retention YTD Total Leasing of 829,000 SF in 3Q24 and 2.5 million SF Year-to-Date 123,000 SF in 3Q24 and
COPT Defense Acquires Land for Data Center Shell Development near Des Moines, IA and an 80,000 Square Foot Building in San Antonio, TX
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") acquired a 365-acre land parcel near Des Moines, Iowa in late September for $32 million to expand its data center shell program. The existing zoning on the land allows for data center development and initial plans indicate that the site can accommodate approximately 3.3 million square feet of development, supported by an estimated 1 gigawatt of power capacity. Also, late in the third quarter, the Company acquired an 80,000 square foot building at 3900 Rogers Road in San Antonio, Texas for $17 million. The building was vacant upon acquisition, and the Company subsequently executed two leases with the U.S. Government to occ
COPT Defense Provides Conference Call Details to Discuss 3Q 2024 Results
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announces the release date and conference call details in which management will discuss third quarter 2024 results. Details: Results Release Date: Monday, October 28, 2024 after the market closes Conference Call Date: Tuesday, October 29, 2024 Time: 12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the dial-in number and personal pin. Registering only takes a few moments and provides direct access to the conference call without waiting for an operator. You may register at any time, including up to and after the call start time: https://re
COPT Defense Declares Third Quarter 2024 Common Dividend
COPT Defense Properties (NYSE:CDP) ("COPT Defense" or the "Company") announced today that its Board of Trustees declared a regular quarterly dividend of $0.295 per common share for the third quarter ending September 30, 2024. The third quarter 2024 dividend represents an annualized amount of $1.18 per share and is payable on October 17, 2024, to shareholders of record on September 30, 2024. About COPT Defense COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ("USG") defense installations and missions (referred to as its Defense/IT Portfolio). The C