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

Primary listing

NYSE

Industry

Office REITs

Employees

427

ISIN

US22002T1088

CDP Metrics

BasicAdvanced
$3.1B
22.33
$1.24
0.88
$1.19
4.39%

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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Upcoming events

Jun30
Corporate Office Properties Trust
Dividend·Ex-dividend
Jul16
Corporate Office Properties Trust
Dividend·Payment
$0.305Per share
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