COPT Defense Properties (CDP) Financials
Key financial figures for COPT Defense Properties (Q3 2026).
COPT Defense posts Q3 2026 diluted EPS of $0.41 and FFO per share of $0.71 (as adjusted), and raises its full-year FFO guidance midpoint to $2.80. Diluted EPS was $0.41 versus $0.37 a year earlier, and total revenues were $208.8 million versus $188.8 million (+10.6%); against the FMP estimates, EPS compared with about $0.35 and revenue with about $190.4 million (vs FMP estimate). Diluted FFO per share, as adjusted for comparability, was $0.71 versus $0.69 a year earlier (+2.9%), which management said was $0.02 above the midpoint of its guidance. Same Property cash NOI rose 3.2% in the quarter and 5.3% year to date; the Defense/IT Portfolio was 96.2% leased and 95.2% occupied, and the total portfolio 95.0% leased and 94.0% occupied. On the outlook: FY2026 diluted FFO per share as adjusted for comparability $2.79-$2.81 (midpoint raised $0.02 to $2.80); FY2026 diluted EPS $1.43-$1.45; Q4 2026 diluted FFO per share as adjusted $0.68-$0.70 and diluted EPS $0.29-$0.31; Same Property cash NOI growth midpoint raised 25 basis points to 4.25%; tenant retention midpoint lowered 2.5 points to 80%; capital commitment to new investments target raised $40 million to $375 million. Figures are for Q3 2026, as COPT Defense Properties reported them.
- Revenue
- $209M
- Net Income
- $48M
- EPS
- $0.42
- Total Assets
- $4.6B
- Operating Cash Flow
- $86M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $209M | $48M | $0.41 | $32M | |
| Q2 FY2026 | $197M | $46M | $0.40 | $42M | |
| Q1 FY2026 | $201M | $39M | $0.34 | $90M | |
| Q4 FY2025 | $197M | $38M | $0.33 | 29.58% | $61M |
| Q3 FY2025 | $189M | $42M | $0.37 | $70M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $764M | $152M | $1.34 | 30.16% | $254M |
| FY2024 | $753M | $139M | $1.23 | 28.32% | $300M |
| FY2023 | $685M | -$73M | -$0.67 | 27.51% | $256M |
Frequently asked questions
What was COPT Defense Properties's revenue last quarter?
COPT Defense Properties reported revenue of $208.8 million for Q3 FY2026, up 10.6% from the same period a year earlier.
Is COPT Defense Properties profitable?
Yes. COPT Defense Properties reported net income of $47.7 million for Q3 FY2026, a net margin of 22.87% on revenue.
How much free cash flow did COPT Defense Properties generate?
COPT Defense Properties generated free cash flow of $31.7 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for COPT Defense Properties on SentiSense, with up to forty quarters and twenty fiscal years of history.