COPT Defense Properties
CDP NYSE· Office REITs
Last close · Oct 26, 2026
$34.10
KIRA · Stoqly’s AI analyst, in plain words
- COPT Defense Properties had $764M of revenue in fiscal 2025, up 1.4% on the year before. Over five years, revenue changed +5.6% a year on average.
- COPT Defense Properties made $160M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 27.5% a year.
- Free cash flow was $289M in fiscal 2025, 37.8% of revenue.
- COPT Defense Properties returned $137M to shareholders in fiscal 2025, 47% of free cash flow. The diluted share count rose 0.4%.
- COPT Defense Properties owes $2.5B more than it holds in cash, about 6.1 years of operating profit.
Market cap
$3.9B
P/E
23.7x
Revenue
$764M
Net income
$160M
Free cash flow
$289M
Operating margin
—
COPT Defense Properties in 30 seconds · fiscal 2025
Are sales growing?
+1.4%
Only a little. Sales grew 1.4% last year.
Does it make a profit?
20.9%
Yes. It keeps 20.9% of every sale as profit.
Does profit turn into cash?
37.8%
Yes. 37.8% of sales ends up as free cash.
Is debt under control?
6.1x
Heavy. Repaying its debt would take 6.1 years of operating profit.
How is the share priced?
23.7x
One share costs 23.7 times its yearly profit per share. Typical for its sector: 28.2x.
What COPT Defense Properties does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 20, 2026
- Legal name
- COPT DEFENSE PROPERTIES
- CIK
- 0000860546
COPT Defense Properties · CDP
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $664M | $739M | $685M | $753M | $764M |
| Revenue growth | 14.1% | 11.2% | −7.3% | 10.0% | 1.4% |
| Gross margin | 84.3% | — | — | — | — |
| Net income | $81.6M | $179M | −$74.3M | $144M | $160M |
| Net margin | 12.3% | 24.2% | −10.9% | 19.1% | 20.9% |
| Diluted EPS | $0.68 | $1.53 | −$0.67 | $1.23 | $1.34 |
| Cash | |||||
| Cash from operations | $249M | $266M | $276M | $331M | $310M |
| Capital expenditure | $30.0M | $36.4M | $20.5M | $31.3M | $21.1M |
| Free cash flow | $219M | $229M | $256M | $300M | $289M |
| FCF margin | 33.0% | 31.1% | 37.3% | 39.8% | 37.8% |
| Dividends paid | $124M | $124M | $127M | $132M | $137M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 0.3% | 0.2% | −0.4% | 0.6% | 0.4% |
| Debt and strength | |||||
| Cash and short-term investments | $13.3M | $12.3M | $168M | $38.3M | $275M |
| Debt incl. finance leases | $2.3B | $2.2B | $2.4B | $2.4B | $2.8B |
| Shareholders' equity | $1.6B | $1.7B | $1.5B | $1.5B | $1.5B |
| Net debt / EBITDA | 7.7x | 6.3x | 15.1x | 6.2x | 6.1x |
| Interest coverage | 2.2x | 3.4x | −0.0x | 2.8x | 2.8x |
| Returns and quality | |||||
| Return on capital | 3.7% | 5.3% | −0.1% | 5.9% | 6.1% |
| Return on equity | 5.0% | 10.8% | −4.7% | 9.7% | 10.6% |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.3M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
COPT Defense Properties · CDP
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| COPT Defense Properties CDP | $3.9B | 1.4% | — | 37.8% | 6.1% | 23.7x | — |
| Cousins Properties CUZ | $4.8B | 16.0% | 67.8% | 13.6% | 6.7% | — | — |
| Kilroy Realty KRC | $4.3B | −2.0% | — | 40.5% | — | 20.1x | — |
| Vornado Realty Trust VNO | $6.8B | 1.3% | — | 53.1% | 17.4% | — | — |
| Alexandria Real Estate Equit... ARE | $7.4B | −2.9% | — | −15.1% | — | — | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $34.10 a share, the company is worth $3.9B: 23.7 times its earnings of the last four quarters.
COPT Defense Properties grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 1 of 1.
Source: SEC EDGAR XBRL filings (CIK 0000860546). Data updated October 17, 2026. For information only — not investment advice. Check the original filings before relying on any figure.