Corporate Office Properties Trust/$CDP
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About Corporate Office Properties Trust
COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. Its tenants include the USG and their defense contractors, who are engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. Its properties include 195 operating properties totaling approximately 22.4 million square feet comprised of 16.5 million square feet in 164 office properties and 5.9 million square feet in 31 single-tenant data center shells.
Ticker
$CDP
Sector
Primary listing
NYSE
Industry
Office REITs
Headquarters
Employees
427
ISIN
US22002T1088
Website
CDP Metrics
BasicAdvanced
$3.1B
22.33
$1.24
0.88
$1.19
4.39%
Price and volume
Market cap
$3.1B
Beta
0.88
52-week high
$29.06
52-week low
$23.92
Average daily volume
868K
Dividend rate
$1.19
Financial strength
Current ratio
2.798
Quick ratio
2.235
Long term debt to equity
157.54
Total debt to equity
157.54
Dividend payout ratio (TTM)
94.30%
Interest coverage (TTM)
2.66%
Profitability
EBITDA (TTM)
375.16
Gross margin (TTM)
56.15%
Net profit margin (TTM)
18.84%
Operating margin (TTM)
29.15%
Effective tax rate (TTM)
0.15%
Revenue per employee (TTM)
$1,750,000
Management effectiveness
Return on assets (TTM)
3.22%
Return on equity (TTM)
9.42%
Valuation
Price to earnings (TTM)
22.333
Price to revenue (TTM)
4.172
Price to book
2.1
Price to tangible book (TTM)
2.1
Price to free cash flow (TTM)
9.405
Free cash flow yield (TTM)
10.63%
Free cash flow per share (TTM)
295.58%
Dividend yield (TTM)
4.28%
Forward dividend yield
4.39%
Growth
Revenue change (TTM)
5.34%
Earnings per share change (TTM)
-215.29%
3-year revenue growth (CAGR)
1.91%
10-year revenue growth (CAGR)
2.22%
3-year earnings per share growth (CAGR)
-0.46%
10-year earnings per share growth (CAGR)
13.66%
3-year dividend per share growth (CAGR)
2.66%
10-year dividend per share growth (CAGR)
0.79%
Bulls say / Bears say
Corporate Office Properties Trust (COPT) reported strong financial results for the full year 2022, with an EPS of $1.53, up from $0.68 in 2021, and an adjusted Funds from Operations (FFO) per share of $2.36, exceeding guidance. The core portfolio was 93% occupied and 95% leased, achieving 801,000 square feet of vacancy leasing—the highest in 12 years. COPT’s developments added 1.3 million square feet, 99% leased. The FY23 defense budget increased by 7.5%, supporting future leasing demand. Recent joint ventures secured funding for 2023 developments, indicating a strong balance sheet, with no major debt maturities until 2026. (stocktitan.net)
COPT announced two long-term leases with a Fortune 500 company for build-to-suit developments in Northern Virginia. The first project covers 225,000 square feet, expected for shell completion in Q2 2025, while the second spans 193,000 square feet, set for completion in Q4 2025. (stocktitan.net)
COPT operates a niche portfolio of properties leased to the United States Government and its contractors, primarily engaged in national security, defense, and IT-related activities. Increased attention to national defense in the current environment serves as a continued tailwind for the company. (seekingalpha.com)
The U.S. office real estate market faces challenges from tenants scaling back or relocating, with U.S. office workers hesitant to return to the office, affecting demand for large office spaces. (benzinga.com)
A recent survey indicates that about two-thirds of respondents believe the U.S. office real estate market will only recover after a severe downturn, with commercial real estate prices not expected to hit rock bottom until the latter half of 2024 or beyond. (benzinga.com)
The Federal Reserve's aggressive tightening campaign has driven up financing costs, weighing heavily on commercial property values, and regional banks, which held approximately 30% of office building debt in 2022, are experiencing stress. (benzinga.com)
Data summarised monthly by Lightyear AI. Last updated on 5 Jun 2025.
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Capital at risk
Upcoming events
Jun30
Corporate Office Properties Trust
Dividend·Ex-dividend
Jul16
Corporate Office Properties Trust
Dividend·Payment
$0.305Per share
FAQs
What’s the current market cap for Corporate Office Properties Trust stock?
Corporate Office Properties Trust (CDP) has a market cap of $3.1B as of June 27, 2025.
What is the P/E ratio for Corporate Office Properties Trust stock?
The price to earnings (P/E) ratio for Corporate Office Properties Trust (CDP) stock is 22.33 as of June 27, 2025.
Does Corporate Office Properties Trust stock pay dividends?
Yes, the Corporate Office Properties Trust (CDP) stock pays dividends to shareholders. As of June 27, 2025, the dividend rate is $1.19 and the yield is 4.39%. Corporate Office Properties Trust has a payout ratio of 94.3% on a trailing twelve-month basis.
When is the next Corporate Office Properties Trust dividend payment date?
The next Corporate Office Properties Trust (CDP) dividend payment is scheduled for July 16, 2025.
What is the beta indicator for Corporate Office Properties Trust?
Corporate Office Properties Trust (CDP) has a beta rating of 0.88. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.