CDP · Copt Defense Properties
$37.21
-0.18 (-0.47%)
At close · Aug 6
Market Cap
$4.22B
Shares
113.41M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$763.92M
+1.4%
FY2025
Net Income
$159.53M
+10.8%
FY2025
Gross Margin
84.34%
-4.6pp
FY2021
Operating Margin
22.17%
+13pp
FY2017
Diluted EPS
$1.34
+8.9%
FY2025
Operating Cash Flow
$309.93M
-6.4%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $784.18M | $763.92M | $753.27M | $684.98M | $739.03M | $664.45M | $609.37M | $641.23M | $578.11M | $612.82M | $574.33M | $625.47M | $586.47M | $523.36M | $528.01M | $556.84M | $564.48M | |
| $745.05M | $714.18M | $671.37M | $619.85M | $580.17M | $553.67M | $536.13M | $522.47M | $407.69M | $405.72M | $417.71M | $420.34M | $386.4M | $377.61M | $367.65M | — | — | |
| $168.6M | — | — | — | — | $104.05M | $67.62M | $109.96M | $58.33M | — | — | — | — | — | — | — | — | |
| $581.12M | — | — | — | — | $560.39M | $541.75M | $531.26M | $519.79M | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | 84.34% | 88.9% | 82.85% | 89.91% | — | — | — | — | — | — | — | — | |
| $198.34M | — | — | — | — | — | — | — | $201.04M | $190.96M | $197.53M | $194.49M | $179.93M | $167.2M | $167.16M | $186.83M | $179.42M | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $30.31M | $25.84M | $24.01M | |
| $49.69M | $47.84M | $47.04M | $42.77M | $35.8M | $36.13M | $33M | $35.4M | $28.9M | $30.84M | $36.55M | $31.36M | $31.79M | $30.87M | $31.9M | — | — | |
| — | — | — | — | $4.6M | $4.7M | $8M | $8.7M | $15.6M | $19.3M | $20M | $18.5M | $15.2M | $16.2M | $21.4M | — | — | |
| $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 | $113.48M | — | — | |
| — | — | — | — | — | — | — | $329K | $2.37M | $15.12M | $101.34M | $23.52M | $1.42M | — | — | — | — | |
| $546.51M | $533.56M | $539.94M | $749.32M | $557.61M | $495.75M | $448.65M | $485.14M | $433.58M | $476.98M | $521.92M | $505.37M | $454.86M | $381.45M | $432.04M | $552.72M | $433.16M | |
| $136.39M | — | — | — | — | — | — | — | — | $135.84M | $52.41M | $120.09M | $131.61M | $141.91M | $95.97M | $4.12M | $131.31M | |
| — | — | — | — | — | — | — | — | — | 22.17% | 9.13% | 19.2% | 22.44% | 27.12% | 18.17% | 0.74% | 23.26% | |
| $273.51M | — | — | — | — | — | — | — | — | $272.34M | $187.28M | $262.33M | $270.1M | $261.68M | $209.45M | — | — | |
| $93.66M | $86.66M | $82.15M | $71.14M | $61.17M | $65.4M | $67.94M | — | — | — | — | — | — | — | — | — | — | |
| $14.82M | $10.68M | $12.66M | $12.59M | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $3.35M | $0 | $49.39M | $47.81M | $65.59M | $30.21M | $105.23M | $2.34M | $9.89M | $40.99M | $68.05M | $10.7M | $11.69M | $20.96M | $7.53M | $3.92M | |
| $3.88M | $2.81M | $397K | -$261K | $1.74M | $1.09M | $1.83M | $1.63M | $2.7M | $2.88M | $1.33M | $62K | $229K | $2.11M | -$546K | -$331K | $1.38M | |
| $168.85M | $157.68M | $143.83M | -$73.5M | $147.95M | $77.27M | $101.41M | $198.15M | $75.58M | $64.66M | -$26.42M | $120.81M | $34.59M | $36.7M | $7.57M | -$123.04M | $39.02M | |
| $885K | $947K | $288K | $588K | $447K | $145K | $353K | -$217K | -$363K | $1.1M | $244K | $199K | $310K | $1.98M | $381K | -$10.68M | $108K | |
| $171.84M | $159.53M | $143.94M | -$74.35M | $178.82M | $81.58M | $97.37M | $191.69M | $72.3M | $70.09M | $11.44M | $178.3M | $40.26M | $93.71M | $20.98M | -$117.68M | $42.76M | |
| — | 20.88% | 19.11% | -10.85% | 24.2% | 12.28% | 15.98% | 29.89% | 12.51% | 11.44% | 1.99% | 28.51% | 6.86% | 17.9% | 3.97% | -21.13% | 7.58% | |
| — | — | — | — | — | $1.26M | — | $2.09M | $1.44M | $1.4M | $1.87M | $3.25M | $1.03M | $5.66M | $471K | -$6.64M | — | |
| $163.51M | $151.69M | — | — | — | — | $96.94M | $191.04M | $72.3M | $57.03M | -$2.88M | $164.09M | $22.55M | $70.83M | -$1.69M | -$133.78M | $26.66M | |
| $163.89M | $151.27M | $137.8M | -$73.43M | $178.16M | $82.64M | $113.66M | $166.49M | $69.62M | $73.99M | $12.55M | $176.76M | $35.48M | $102.62M | $17.32M | -$116.19M | — | |
| USD/shares | — | $1.35 | $1.23 | -$0.67 | $1.54 | $0.68 | $0.87 | $1.72 | $0.69 | $0.57 | -$0.03 | $1.74 | $0.25 | $0.83 | -$0.03 | -$1.94 | $0.43 |
| USD/shares | — | $1.34 | $1.23G | -$0.67 | $1.53 | $0.68G | $0.87 | $1.71 | $0.69 | $0.57 | -$0.03 | $1.74 | $0.25 | $0.83 | -$0.03 | -$1.94 | $0.43 |
| 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 | — |
| shares | — | 113.3M | 112.9M | 112.18M | 112.62M | 112.42M | 112.08M | 111.62M | 104.13M | 99.16M | 94.5M | 97.67M | 88.26M | 85.22M | 73.45M | 69.38M | — |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $25.51M in buybacks, $1.6B in dividends.
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
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
26.02×
Peer median 39.66×
P/AFFO (FY2025)
13.45×
Peer median 9.90×
Peer medians compare against the 15 similar-size REIT - Office companies (of 20 listed).
P/AFFO uses the company-stated “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
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% |
Key facts
CIK
860546
CUSIP
22002T108
13F (30d)
110 filings
100 filers
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