CDP · Copt Defense Properties · Financials
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | $784.18M | $763.92M | $753.27M | $684.98M | $739.03M | $664.45M | $582.35M | $611.82M | $578.11M | $612.82M | $574.33M | $625.47M | $586.47M | $523.36M | $508.14M | $492.96M | $492.23M | $737.63M | $585.15M | |
| — | $745.05M | $714.18M | $671.37M | $619.85M | $580.17M | $553.67M | $509.11M | $493.17M | $512.33M | $504.89M | $417.71M | $420.34M | $386.4M | $377.61M | $353.08M | $332.86M | $316.04M | — | — | |
| — | $168.6M | — | — | — | — | $104.05M | $67.62M | $109.96M | $58.33M | $99.62M | $45.48M | — | — | — | — | — | — | — | — | |
| — | $581.12M | — | — | — | — | $560.39M | $514.74M | $501.86M | $519.79M | $513.2M | $528.85M | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | 84.34% | 88.39% | 82.03% | 89.91% | 83.74% | 92.08% | — | — | — | — | — | — | — | — | |
| — | $198.34M | — | — | — | — | — | — | — | $201.04M | $190.96M | $197.53M | $194.49M | $179.93M | $167.2M | $159.21M | $154.38M | $146.62M | $145.97M | $140.9M | |
| — | $35.86M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $30.31M | $24.01M | $23.24M | $24.1M | |
| — | $49.69M | $47.84M | $47.04M | $42.77M | $38.99M | $40.77M | $33M | $35.4M | $28.9M | $30.84M | $36.55M | $31.36M | $31.79M | $30.87M | $31.9M | $30.31M | $28.5M | — | — | |
| — | — | — | — | — | $4.6M | $4.7M | $8M | $8.7M | $15.6M | $19.3M | $20M | $18.5M | $15.2M | $16.2M | $21.4M | $28.3M | $28.3M | — | — | |
| — | $169.62M | $163.7M | $156.02M | $151.4M | $143.59M | $150.64M | $140.03M | $138.9M | $139.06M | $136.5M | $134.87M | $142.23M | $138.49M | $119.77M | $124.42M | $136.59M | $97.9M | — | — | |
| — | — | — | — | — | — | — | — | $329K | $2.37M | $15.12M | $101.34M | $23.52M | $1.42M | $31.07M | $62.7M | — | — | — | — | |
| — | $546.51M | $533.56M | $539.94M | $749.32M | $557.61M | $495.75M | $423.92M | $460.39M | $433.58M | $476.98M | $521.92M | $505.37M | $454.86M | $381.45M | $419.07M | $462.66M | $381.72M | $607.3M | $452.22M | |
| — | $136.39M | — | — | — | — | — | — | — | — | $135.84M | $52.41M | $120.09M | $131.61M | $141.91M | $89.07M | $30.3M | $110.51M | $130.33M | $132.93M | |
| — | — | — | — | — | — | — | — | — | — | 22.17% | 9.13% | 19.2% | 22.44% | 27.12% | 17.53% | 6.15% | 22.45% | 17.67% | 22.72% | |
| — | $273.51M | — | — | — | — | — | — | — | — | $272.34M | $187.28M | $262.33M | $270.1M | $261.68M | $213.48M | $166.89M | $208.41M | — | — | |
| — | $93.66M | $86.66M | $82.15M | $71.14M | $61.17M | $65.4M | $67.94M | $71.05M | $75.39M | — | — | — | — | — | — | — | — | — | — | |
| — | $14.82M | $10.68M | $12.66M | $12.59M | $9.07M | $9.01M | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $10.07M | $3.35M | $0 | $49.39M | $47.81M | $65.59M | $30.21M | $105.23M | $2.34M | $9.89M | $59.68M | $68.05M | $10.7M | $11.69M | $20.96M | $7.53M | $3.92M | — | $4.21M | |
| — | $3.88M | $2.81M | $397K | -$261K | $1.74M | $1.09M | $1.83M | $1.63M | $2.7M | $1.49M | $752K | $62K | $229K | $2.11M | -$546K | -$331K | $1.38M | -$941K | -$147K | |
| — | $168.85M | $157.68M | $143.83M | -$73.5M | $147.95M | $77.27M | $99.13M | $193.5M | $75.58M | $74.55M | $33.26M | $120.81M | $34.59M | $36.7M | $8.89M | -$85.58M | $24.35M | $55.7M | $56.73M | |
| — | $885K | $947K | $288K | $588K | $447K | $145K | $353K | -$217K | -$363K | $1.1M | $244K | $199K | $310K | $1.98M | $381K | -$6.71M | $108K | $196K | $201K | |
| — | $171.84M | $159.53M | $143.94M | -$74.35M | $178.82M | $81.58M | $97.37M | $191.69M | $72.3M | $68.75M | $28.89M | $178.3M | $40.26M | $93.71M | $20.98M | -$119.43M | $42.76M | $56.33M | $53.97M | |
| — | — | 20.88% | 19.11% | -10.85% | 24.2% | 12.28% | 16.72% | 31.33% | 12.51% | 11.22% | 5.03% | 28.51% | 6.86% | 17.9% | 4.13% | -24.23% | 8.69% | 7.64% | 9.22% | |
| — | $5.04M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -$6.64M | $2.74M | $4.97M | — | |
| — | $163.51M | $151.69M | $138.42M | -$74.67M | — | — | $96.94M | $191.04M | $71.84M | $55.23M | $14.58M | $164.09M | $22.55M | $70.83M | -$1.69M | -$135.53M | $26.66M | $40.23M | $37.86M | |
| — | $163.89M | $151.27M | $137.8M | -$73.43M | $178.16M | $82.64M | $113.66M | $166.49M | $69.62M | $72.64M | $30M | $176.76M | $35.48M | $102.62M | $17.32M | -$117.94M | $41.13M | $59.41M | — | |
| USD/shares | — | $1.45 | $1.35 | $1.23 | -$0.67 | $1.54 | $0.68 | $0.87 | $1.72 | $0.69 | $0.56 | $0.15 | $1.74 | $0.25 | $0.83 | -$0.03 | -$1.97 | $0.43 | $0.70 | $0.77 |
| USD/shares | $1.39 – $1.43 | $1.43 | $1.34 | $1.23 | -$0.67 | $1.53 | $0.68 | $0.87 | $1.71 | $0.69 | $0.56 | $0.15 | $1.74 | $0.25 | $0.83 | -$0.03 | -$1.97 | $0.43 | $0.70 | $0.76 |
| shares | — | — | 112.52M | 112.3M | 112.18M | 112.07M | 111.96M | 111.79M | 111.2M | 103.95M | 98.97M | 94.5M | 93.91M | 88.09M | 85.17M | 73.45M | 69.38M | 59.61M | 55.93M | — |
| shares | — | — | 113.3M | 112.9M | 112.18M | 112.62M | 112.42M | 112.08M | 111.62M | 104.13M | 99.16M | 94.59M | 97.67M | 88.26M | 85.22M | 73.45M | 69.38M | 59.94M | 56.41M | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $28.87M in buybacks, $1.81B in dividends.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 13 similar-size REIT - Office companies (of 20 listed).
P/FFO and P/AFFO use the company-stated “FFO - per Nareit” and “Diluted FFO available to common share and common unit holders, as adjusted for comparability”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Valuation over time computed as of each quarter's filing date
P/FFO and P/AFFO and EV/Adj. EBITDA use the company-stated “FFO - per Nareit” and “Diluted FFO available to common share and common unit holders, as adjusted for comparability” and “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Defense IT Portfolio | $646,916,000 | $610,325,000 | $555,579,000 | — | — | — | — | — |
| All Other Segments | $74,933,000 | $67,392,000 | $69,224,000 | $68,623,000 | $69,775,000 | $3,568,000 | $2,961,000 | $3,127,000 |
| Defense and Technology Locations | — | — | — | — | $486,795,000 | $451,387,000 | $435,486,000 | $421,053,000 |
| Defense IT Portfolio | — | $607,417,000 | $552,941,000 | $517,755,000 | $486,795,000 | — | — | — |
| Regional Office | — | — | — | — | $63,107,000 | $56,759,000 | $59,611,000 | $61,181,000 |
| Wholesale Data Center | — | — | — | — | $30,490,000 | $27,011,000 | $29,405,000 | $31,892,000 |
By Product & Service (USD)
| Component | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|
| Real Estate Operations | $624,803,000 | $586,378,000 | $587,060,000 | $538,725,000 | $527,463,000 | $517,253,000 | $509,980,000 |
| Construction Service Revenue | — | $151,694,000 | $104,020,000 | $66,087,000 | $112,170,000 | $57,986,000 | $94,471,000 |
| Design Service Revenue | — | $894,000 | $2,250,000 | $2,343,000 | $612,000 | $1,931,000 | $7,338,000 |
| Other Property Revenue | — | — | — | $2,598,000 | $4,991,000 | $4,926,000 | $5,091,000 |
| Other Services Revenue | — | $2,044,000 | $1,606,000 | $2,210,000 | $981,000 | $942,000 | $1,031,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Defense IT Portfolio | $410,050,000 | $390,070,000 | $356,321,000 | — |
| All Other Segments | $35,578,000 | $28,863,000 | $27,756,000 | $30,858,000 |
| Defense IT Portfolio | — | $388,823,000 | $355,138,000 | $331,446,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Defense IT Portfolio | 63.4% | 63.9% | 64.1% | — |
| All Other Segments | 47.5% | 42.8% | 40.1% | 45% |
| Defense IT Portfolio | — | 64% | 64.2% | 64% |