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CDP COPT DEFENSE PROPERTIES

Trailing twelve months to 2026-06-30 · as filed 2026-08-03, not restated
Real Estate

Scale

Market cap
$4.2bn
Revenue TTM
$32m
Net income TTM
$172m
Free cash flow
Composite score
46.1
Sector rank
#1197

Valuation

P / E
24.5
EV / EBITDA
EV / sales
210.9
FCF yield
Earnings yield vs 10-yr
-0.65pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
534.3%
EBITDA margin
ROE
11.2%
ROIC
Revenue growth
-37.4%

Insider activity, last 90 days

Net open-market
$-1.03m
Buyers
0
Sellers
1

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

We consider ARR to be a useful measure for analyzing revenue sources because, since it is point-in-time based, it does not contain increases and decreases in revenue associated with periods in which lease terms were not in effect; historical revenue under GAAP does contain such fluctuations. Interest Expense Interest expense increased in the current period due primarily to a higher interest rate on $400.0 million of our unsecured senior notes due to the refinancing of our 2.25% Notes that matured on March 16, 2026 with our 4.50% Senior Notes due 2030 (the “4.50% Notes”) issued in October 2025. …COPT DEFENSE PROPERTIES, 10-Q, period ended 2026-06-30, filed 2026-08-03

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