COPT DEFENSE PROPERTIES
Close on Oct 19, 2026
- Market cap
- $3.76B
- P/E (TTM)
- 22.7
- Dividend yield
- 3.73%
About Copt Defense Properties
Real Estate Investment Trusts, SIC 6798
COPT Defense Properties is a self-managed real estate investment trust that acquires, develops, and operates office buildings and data center shells. The company primarily targets locations adjacent to or including key United States government defense installations and national security missions. Its operations are divided into two reportable business segments: the Defense/IT Portfolio and Other. The firm provides specialized, mission-critical real estate and development or property management services primarily to the United States Government and defense contractors engaged in priority security, intelligence, and defense technology activities, as well as cloud computing and artificial intelligence tenants.
As of December 31, 2025, the company's holdings include 201 operating properties spanning 23.2 million square feet in its Defense/IT Portfolio, along with six additional operating properties totaling 2.0 million square feet. Its properties are concentrated in Maryland, Northern Virginia, Washington, DC, Alabama, and Texas. COPT Defense Properties is headquartered in Columbia, Maryland.
Summary of the business section of Copt Defense Properties's latest annual report, written by StockData.
Company profile
Company
- Legal name
- COPT DEFENSE PROPERTIES
- Headquarters
- Columbia, MD
- Address
- 6711 Columbia Gateway Drive, Suite 300 21046
- Phone
- (443) 285-5400
- Website
- copt.com
- Employees
- 394, Dec 31, 2019
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Baltimore, Maryland
Stock & identifiers
- Ticker
- CDP
- Exchange
- NYSE
- IPO date
- Dec 31, 1991
- Shares outstanding
- 113M, Jul 20, 2026
- Public float
- $2.60B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 860546
- CUSIP
- 22002T108
- ISIN
- US22002T1088
- LEI
- YY1J47X6LF9TYY8JY420
- EIN
- 23-2947217
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Stephen E. Budorick | PRESIDENT/CEO, Director | 153,882 |
| Britt A. Snider | EVP & COO | 14,203 |
| Anthony Mifsud | EVP AND CFO | 67,834 |
| Matthew T. Myers | SVP-CAO & CONTROLLER | 8,910 |
| Robert L. Denton | Director | 3,803 |
| C. Taylor Pickett | Director | 40,188 |
| Lisa G. Trimberger | Director | 24,090 |
| Letitia A. Long | Director | 2,707 |
| Essye B. Miller | Director | 15,673 |
| Philip L. Hawkins | Director | 15,188 |
| Raymond Lee Owens | Director | 906 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr.Budorick | $7.58M | $8.38M | $2.80M | $132 | $81 |
| FY2024 Mr.Budorick | $7.58M | $13.06M | $2.57M | $141 | $94 |
| FY2023 Mr.Budorick | $6.17M | $7.18M | $1.67M | $112 | $78 |
| FY2022 Mr.Budorick | $5.55M | $8.52M | $2.11M | $108 | $76 |
| FY2021 Mr.Budorick | $5.50M | $7.17M | $2.23M | $112 | $122 |
| FY2020 Mr.Budorick | $4.55M | $4.84M | $1.41M | $93 | $82 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2019 , we had 394 employees, none of whom were parties to collective bargaining agreements.”
Corporate history
Events identified from SEC filings