CDPNYSEReal Estate Investment TrustsFiscal year ends December 31

COPT DEFENSE PROPERTIES

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026

$32.74−0.55 (-1.65%)

Close on Oct 19, 2026

Market cap: $3.76B
P/E (TTM): 22.7
Dividend yield: 3.73%

COPT DEFENSE PROPERTIES income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31	TTM Q3 2016 2016-09-30
Revenue	784	777	764	750	750	748	753	750	729	711	685	681	694	711	739	750	734	706	664	635	617	598	582	584	594	631	612	622	600	572	578	604	624	628	613	590	575	570	574	576
Cost of Revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	169	162	140	104	86	78	70	68	69	77	107	110	92	72	48	58	87	108	113	100	77	58	47	45	40
Gross Profit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	581	572	566	560	550	539	528	515	515	517	524	502	530	527	523	520	517	516	515	513	514	517	523	529	535
Selling, General & Admin	50	48	48	48	47	47	47	47	46	44	43	43	41	40	39	41	41	41	41	37	35	34	33	32	33	34	35	33	32	30	29	29	29	30	31	32	33	33	37	37
Total Costs & Expenses	547	543	534	524	527	530	540	541	780	770	749	749	511	527	558	571	559	535	496	451	443	433	424	420	425	454	460	471	450	424	434	468	486	492	477	442	454	512	522	541
Operating Income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	136	138	136	136	148	121	57	52	35
Interest Expense	94	90	87	83	82	82	82	82	80	75	71	68	65	63	61	61	61	62	65	66	68	69	68	68	68	–	71	–	–	–	–	–	–	–	–	–	–	–	–	–
Income from Equity Investments	3.88	3.84	2.81	2.76	1.03	0.70	0.40	-0.06	-0.21	-0.13	-0.26	0.21	0.58	0.79	1.74	1.83	1.82	1.76	1.09	1.23	1.41	1.61	1.83	1.80	1.72	1.68	1.63	2.78	2.76	2.72	2.70	1.49	1.49	1.49	1.49	1.26	1.48	1.12	0.75	0.62
Other Non-Operating Income	15	13	11	7.71	8.45	10	13	16	15	14	13	12	9.67	9.12	9.07	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Asset Impairment Charges	–	–	–	–	–	–	0	–	–	–	253	–	–	–	0	–	–	–	0	–	–	–	1.53	–	–	–	0.33	–	–	–	2.37	–	–	–	15	3.02	31	99	101	120
Gain (Loss) on Sale of Assets	–	3.63	3.35	3.32	0.30	0.30	0	0	0	0.01	49	69	69	69	19	26	26	66	66	70	70	30	30	21	21	105	105	–	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	169	161	158	155	150	146	144	143	-116	-120	-73	-57	196	198	148	109	105	115	77	145	85	67	99	58	112	197	194	170	167	79	76	70	73	71	75	138	110	43	33	-47
Income Tax Expense	0.89	0.97	0.95	0.81	0.33	0.22	0.29	0.43	0.46	0.63	0.59	0.69	0.61	0.42	0.45	0.27	0.25	0.27	0.15	0.36	0.33	0.34	0.35	-0.01	-0.16	-0.36	-0.22	-0.30	-0.46	-0.22	-0.36	0.78	1.13	1.11	1.10	0.42	0.34	0.29	0.24	0.02
Income from Continuing Operations	–	–	–	–	–	–	–	–	–	–	-74	-57	196	198	149	111	107	116	78	147	88	69	101	–	–	–	–	–	–	–	–	–	–	–	75	79	53	-15	34	-46
Income from Discontinued Operations	–	–	–	–	–	–	–	–	–	–	0	0	0	0	30	31	31	32	3.36	3.31	2.51	1.97	2.28	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0
Net Income incl. Noncontrolling Interests	172	163	160	157	150	146	144	142	-116	-121	-74	-57	196	198	179	142	138	148	82	150	90	71	103	64	119	203	200	174	171	82	79	71	73	71	75	91	97	30	34	52
Minority Interest in Earnings	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.04	5.66	4.47	4.60	5.50	5.72	7.20	8.35	8.31	7.66	7.29	6.17	6.34	6.29	6.42	6.11	6.20	6.68	6.90	4.67	4.22	5.60
Net Income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	77	145	86	67	97	58	112	195	192	166	163	76	72	65	67	65	69	84	91	26	29	46
Preferred Dividends	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	3.04	6.22	9.86	13	14	14	14
Net Income to Common	164	155	152	149	144	141	138	137	-116	-121	-75	-58	190	192	172	136	132	142	76	144	85	66	97	58	111	194	191	165	163	76	72	65	67	55	55	67	70	12	15	32
EPS (Basic)(per share)	1.45	1.38	1.35	1.33	1.28	1.25	1.23	1.22	-1.04	-1.08	-0.67	-0.52	1.70	1.72	1.54	1.22	1.18	1.27	0.68	1.29	0.76	0.59	0.87	0.51	0.99	1.73	1.72	1.49	1.48	0.72	0.69	0.64	0.67	0.56	0.56	0.69	0.73	0.11	0.15	0.33
EPS (Diluted)(per share)	1.44	1.38	1.34	1.33	1.28	1.25	1.23	1.22	-1.04	-1.08	-0.67	-0.52	1.69	1.71	1.53	1.20	1.17	1.26	0.68	1.29	0.76	0.59	0.87	0.51	0.99	1.73	1.71	1.49	1.48	0.72	0.69	0.64	0.67	0.56	0.56	0.69	0.73	0.11	0.15	0.33
Shares Outstanding (Basic, Weighted)(shares)	113	113	113	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	112	111	110	109	106	104	102	100	100	99	98	97	96	95	94
Shares Outstanding (Diluted, Weighted)(shares)	114	114	113	113	113	113	113	113	112	112	112	113	113	113	113	113	113	113	112	112	112	112	112	112	112	112	112	111	109	106	104	102	100	100	99	98	97	96	95	95
Dividend per Share(per share)	1.25	1.24	1.22	1.21	1.20	1.19	1.18	1.17	1.16	1.15	1.14	1.13	1.12	1.11	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10	1.10
EBITDA	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	272	274	272	272	283	253	190	187	172

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: –
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: 22.7
Price to sales: 4.80
Price to book: 2.46
Dividend yield: 3.73%