COPT Defense Properties logo CDP - COPT Defense Properties

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 7
SELL 1
STRONG
SELL
0
| PRICE TARGET: $36.00 DETAILS
HIGH: $38.00
LOW: $33.00
MEDIAN: $37.00
CONSENSUS: $36.00
UPSIDE: 12.04%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 763.9 753.3 685.0 739.0 664.4 584.2 611.8 578.1 612.8 574.6 625.3 586.7 525.5 508.1 493.0 492.2 767.1 585.6 407.1 353.7 321.3 232.8 195.8 144.1 123.0 105.1 77.5 39.3 6.6 2.5 2.5 2.2 1.2
Cost of Revenue 646.1 492.9 453.8 518.6 455.0 258.4 420.4 394.6 423.0 374.1 435.4 280.0 226.1 337.8 343.0 346.8 493.7 141.1 163.1 231.9 135.8 113.6 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 117.8 260.4 231.2 220.4 209.5 325.8 191.4 183.5 189.8 200.5 189.9 306.7 299.4 170.4 149.9 145.4 273.4 444.6 244.1 129.5 185.5 126.6 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 32.8 47.0 42.8 39.0 40.8 37.5 39.6 34.7 37.0 38.3 40.8 37.4 36.3 37.6 36.4 34.9 26.9 209.5 21.7 16.9 13.5 10.9 7.9 6.7 5.3 4.9 3.2 1.9 0.5 0.4 0 0 0
Other Expenses (145.3) 0 0 0 0 (1.7) 0.3 0 15.1 101.4 23.3 1.4 121.2 43.7 83.2 0 108.5 101.9 104.7 228.3 210.6 135.3 113.1 73.6 59.4 45.7 31.7 16.0 3.4 2.1 2.5 2.2 1.2
Operating Expenses (112.5) 47.0 42.8 39.0 40.8 35.8 40.0 34.7 37.0 146.2 68.2 173.8 157.5 81.3 119.6 34.9 135.5 311.4 126.4 245.2 224.1 146.2 121.0 80.3 64.7 50.6 34.9 17.9 3.9 2.5 2.5 2.2 1.2
Operating Income
Operating Income 230.4 213.3 188.5 181.4 168.7 290.0 151.4 144.5 134.2 52.4 120.1 131.6 141.9 89.1 30.3 110.5 137.9 133.1 117.7 108.4 97.2 86.6 74.8 63.8 58.4 54.5 42.5 21.3 2.7 3.1 4.7 4.2 2.2
Interest Expense 88.2 83.8 72.5 61.2 65.4 67.9 71.1 75.4 77.0 78.6 84.6 87.7 76.6 80.2 83.4 89.9 82.2 86.4 85.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 12.2 17.0 16.5 9.3 9.0 8.6 7.9 4.4 6.3 5.4 4.5 4.9 3.8 7.2 5.6 9.6 5.2 2.1 3.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 409.0 369.7 150.3 354.5 294.4 303.5 405.1 288.7 289.0 295.9 282.2 271.7 265.1 212.9 134.1 241.4 254.0 248.3 226.4 189.3 160.7 138.5 112.9 95.0 81.2 116.8 123.4 37.4 11.3 3.7 5.2 4.7 2.5
EBIT 247.1 213.7 1.3 210.9 143.8 163.5 266.2 153.7 153.0 161.0 142.2 146.2 149.9 88.5 (2.5) 115.6 142.2 143.3 120.7 108.4 97.2 86.6 74.8 63.8 58.4 100.3 111.8 37.4 10 3.1 4.7 4.2 2.2
Income Before Tax 160.5 144.2 (73.8) 149.7 78.4 101.0 195.1 78.3 76.0 11.3 173.0 34.8 38.8 8.3 (85.9) 25.7 60.0 56.9 35.1 35.3 40.1 42.1 33.3 24.8 24.8 14.1 14.0 4.4 0 0 0 0 0
Income Tax Expense 0.9 0.3 0.6 0.4 0.1 0.4 (0.2) 147.7 1.1 0.2 0.2 0.3 2.0 0.4 (6.7) 0.1 0.2 0.2 0.6 0.9 0.7 0.8 (0.2) (0.3) (0.4) 0 0 0 0 0 0 0 0
Net Income 152.3 138.9 (73.5) 173.0 76.5 97.4 191.7 72.3 68.7 30.1 178.3 40.3 93.7 21.0 (119.4) 42.8 56.3 54.0 34.8 49.2 39.0 37.0 30.9 23.3 19.9 15.1 15.1 4.7 (1) 0.3 0.3 0.3 0.2
Per Share Data
EPS (Basic) 1.35 1.23 -0.65 1.54 0.68 0.87 1.72 0.66 0.69 -0.03 1.75 0.25 0.83 -0.03 -1.93 0.45 0.72 0.88 0.40 0.72 0.65 0.57 0.29 0.59 0.65 0.60 0.72 0.48 -0.60 0.21 0.19 0.21 0.17
EPS (Diluted) 1.34 1.23 -0.65 1.53 0.68 0.87 1.71 0.69 0.69 -0.03 1.74 0.25 0.83 -0.03 -1.94 0.43 0.70 0.87 0.39 0.69 0.63 0.54 0.27 0.56 0.63 0.59 0.66 0.47 -0.60 0.21 0.19 0.21 0.17
Shares Outstanding 112.5 112.3 112.2 112.1 112.0 111.8 111.2 109.2 99.2 94.5 93.9 88.4 85.2 73.5 69.4 59.6 55.9 48.1 46.5 41.6 37.6 33.1 26.4 22.3 20.1 18.9 17.0 2.3 1.7 1.4 1.6 1.4 1.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 275.0 38.3 167.8 12.3 13.3 18.4 14.7 8.1 12.3 209.9 8.3 6.8 13.8 9.5 6.0 6.6 5.0 2.4 2.3 3.4 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.6
Net Receivables 306.0 273.4 279.7 253.1 231.9 186.0 168.8 172.6 176.0 176.9 17.5 77.8 26.3 30.9 17.2 15.3 11.9 6.6 5.2 0.6 0 0
Inventory 0 0 (2.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 103.2 81.6 84.6 232.2 196.8 293.9 95.8 3.9 44.8 102.8 6.4 13.7 (58.7) (54.7) (34.5) (31.4) (16.9) (8.9) (7.6) (4.0) (0.5) (0.6)
Total Current Assets 684.2 393.3 529.6 523.3 465.9 498.3 279.3 240.3 284.7 542.9 114.1 192.1 0 0 0 0 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 50.4 55.8 41.3 37.0 50.2 3,453.7 3,417.0 8.6 5.3 5.2 3,029.9 2,778.5 1,544.5 1,189.3 1,044.6 923.7 751.7 696.5 546.9 188.6 23.1 23.6
Goodwill 0 0 0 0 0 0 0 (41.4) (57.2) (75.3) 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 10.7 6.9 10.0 14.6 19.2 27.4 43.5 59.1 78.4 100.7 91.8 67.6 55.7 28.4 0 0 0 0 0 0 0
Long-Term Investments 36.4 39.4 41.1 21.5 51.6 34.8 58.7 45.8 46.8 27.9 0 0 1.6 1.6 1.6 2.1 6.1 3.7 2.4 0 0 0
Other Non-Current Assets 3,930.9 3,755.1 3,635.1 3,664.1 3,678.3 70.9 72.0 (296.8) (338.7) (579.0) 135.4 51.8 (1,613.7) (1,246.6) (1,074.7) (925.8) (757.9) (700.2) (549.2) (188.6) (23.1) (23.6)
Total Non-Current Assets 4,017.6 3,860.9 3,717.4 3,734.0 3,796.6 3,578.7 3,575.1 3,415.7 3,310.5 3,238.0 3,265.9 2,922.1 0 0 0 0 0 0 0 0 0 0
Total Assets 4,701.8 4,254.2 4,247.0 4,257.3 4,262.5 4,077.0 3,854.5 3,656.0 3,595.2 3,780.9 3,380.0 3,114.2 1,732.0 1,332.1 1,138.7 994.9 794.8 721.0 563.7 193.5 24.2 24.8
Current Liabilities
Account Payables 147.2 126.0 133.3 158.0 186.2 142.7 148.7 92.9 108.1 108.7 116.5 93.6 1,054.3 761.8 716.7 584.0 484.6 406.2 310.2 115.3 0 0
Short-Term Debt 150 75 75 211 76 143 177 213 126 0 2,053.8 1,856.8 0 0 104.7 0 0 0 0 0 0 0
Deferred Revenue 85.6 78.3 64.5 41.0 41.6 44.3 41.0 39.2 37.3 42.5 14.9 30.5 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 (2,008.1) 0 (1,069.0) (773.9) (831.2) (573.3) (491.7) (412.5) (314.9) (116.6) 0 0
Total Current Liabilities 418.0 313.3 305.4 441.4 335.1 361.2 398.0 375.9 300.4 182.5 205.5 2,006.6 0 0 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 2,617.8 2,316.8 2,341.3 2,020.8 2,196.3 1,943.9 1,654.1 1,610.9 1,702.3 1,904.0 2,053.8 1,866.6 1,022.7 738.7 705.1 573.3 474.3 399.6 306.8 114.4 14.9 14.9
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 33.2 14.4 19.0 18.6 17.7 (11.4) 2.7 (14.2) 59.6 47.0 (14.9) (1,852.3) (1,029.9) (748.3) (705.1) (573.3) (474.3) (399.6) (306.8) (114.4) (14.9) (14.9)
Total Non-Current Liabilities 2,696.1 2,380.4 2,394.2 2,068.1 2,243.4 1,996.7 1,707.8 1,626.8 1,803.4 1,980.8 2,053.8 25.2 0 0 0 0 0 0 0 0 0 0
Total Liabilities 3,114.1 2,693.6 2,699.6 2,509.5 2,578.5 2,357.9 2,105.8 2,002.7 2,103.8 2,163.2 2,259.4 2,031.8 1,111.2 801.9 749.3 615.5 495.5 416.3 317.7 116.9 15 15.2
Stockholders' Equity
Common Stock 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.0 1.0 0.6 0.5 0.4 0.3 0.2 0.2 0.2 0.2 0.2 0.0 0 0
Retained Earnings (989.0) (1,003.4) (1,009.3) (807.5) (856.9) 0 0 (846.8) (802.1) (765.3) (209.9) (162.6) (51.4) (38.5) (21.1) (14.5) (11.1) (7.5) (7.2) (5) (3.2) (2.8)
Accumulated Other Comprehensive Income (0.1) 1.0 2.1 2.1 (3.1) (819.0) (803.7) (847.0) (799.9) (767.0) (1.9) (4.7) 0 (0.3) (0.3) (2.5) 0 0 0 0 0 0
Total Stockholders' Equity 1,514.8 1,493.1 1,483.9 1,681.8 1,622.7 1,661.0 1,679.0 1,585.4 1,402.1 1,523.1 1,027.5 946.0 521.9 450.4 288.5 263.9 193.7 192.1 168.8 11.7 9.2 9.6
Total Liabilities & Equity 4,701.8 4,254.2 4,247.0 4,257.3 4,262.5 4,077.0 3,854.5 3,656.0 3,595.2 3,780.9 3,380.0 3,114.2 1,732.0 1,332.1 1,138.7 879.4 794.8 721.0 563.7 193.5 24.2 24.8
Debt Metrics
Total Debt 2,812.8 2,441.0 2,450.2 2,260.6 2,301.6 2,127.2 1,874.8 1,823.9 1,844.2 1,904.0 4,107.7 3,723.4 1,022.7 738.7 809.8 573.3 474.3 399.6 306.8 114.4 14.9 14.9
Net Debt 2,537.9 2,402.7 2,282.4 2,248.2 2,288.4 2,108.8 1,860.1 22.7 56.0 (89.0) 4,099.4 3,716.6 1,008.9 729.2 803.8 566.7 469.4 397.2 304.5 111.0 14.9 14.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 152.3 138.9 (73.5) 178.8 81.6 102.9 200.0 78.6 74.9 33.8 39.0 37.0 30.9 23.3 19.9 15.3 16 4.7 (1) 0.3 0.3 0.3 0.2
Depreciation & Amortization 161.9 156.0 151.4 143.6 150.6 140.0 138.9 137.1 134.2 132.7 63.6 51.9 38.1 31.2 22.8 16.5 11.6 6.3 1.3 0.6 0.5 0.5 0.3
Stock-Based Compensation 0 10.4 8.5 8.8 8.0 6.5 6.7 6.4 5.6 6.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (26.5) 2.9 (8.0) (13.7) (7.2) (7.6) (5.7) (39.7) 10.4 (21.8) (12.5) (13.9) (13.1) 1.0 (4.4) (10.6) (3) (1.7) 1.4 0 (0.2) 0 (0.2)
Other Non-Cash Items 47.2 22.7 220.0 (4.5) (18.9) (3.3) (6.5) (3.9) 2.7 44.8 5.8 9.5 11.9 6.8 12.6 13.8 7.7 3.6 1.5 (0.1) 0.1 (0.1) 0.1
Operating Cash Flow 334.9 331.0 276.3 265.8 249.1 238.4 228.6 182.4 230.1 232.9 95.9 84.5 67.8 62.2 50.9 35.0 32.3 12.9 3.2 0.8 0.7 0.7 0.4
Investing Activities
Capital Expenditure (81.3) (31.3) (20.5) (36.4) (30.0) (32.8) (24.7) (70.2) (70.9) (70.9) (502.4) (253.3) (196.9) (133.6) (134.0) (65.1) (152.7) (180.6) (0.5) 0 0 (9.5) (5.4)
Acquisitions 0 0 0 21.8 160.7 59.8 201.5 0 0 0 0.2 0 0 0 1.3 0 0 0 0 0 0 0 0
Purchases of Investments (218.6) 0 0 (302.9) (273.8) 0 (405.6) (160.1) (200.5) (161.6) (0.1) (0.7) (9.6) (2.1) (22.1) (6.4) (1.1) (0.0) (1.4) (1) (0.7) 0 0
Sales/Maturities of Investments 5.0 0 0 281.1 143.1 0 108.1 0 180.8 306.5 0 0 0 4.9 0 0 0 0 1.9 1.1 0.1 0 0
Other Investing Activities (1.5) (259.7) (149.1) (47.1) (203.0) (352.9) (17.4) (4.5) 1.2 (2.6) 81.9 (14.8) 33.5 2.2 (0.9) (1.7) 28.0 (3.0) 1 0 0 0 (0.1)
Investing Cash Flow (314.7) (291.0) (169.6) (83.5) (203.0) (325.8) (138.0) (232.9) (89.4) 71.4 (420.3) (268.7) (172.9) (128.6) (155.7) (73.3) (125.8) (183.7) 1 0.1 (0.6) (9.5) (5.5)
Financing Activities
Net Debt Issuance 361.1 (30.0) 181.4 (49.8) 82.8 245.0 3.2 (19.2) (78.1) (117.0) 308.8 152.3 (0.2) 93.3 66.1 71.0 87.2 107.8 (0.3) (0.3) (0.1) 7.6 2.7
Stock Repurchased 0 0 0 0 0 0 0 0 (2.0) (2.5) 0 (31.3) (35.6) 0 0 (1.4) 0 0 (0.1) 0 0 0 (0.8)
Dividends Paid (136.6) (131.8) (127.2) (123.6) (123.5) (123.4) (122.7) (114.3) (118.5) (118.3) (53.6) (47.6) (43.9) (39.3) (31.5) (27.5) (20.1) (8.6) (0.7) (0.7) (0.8) (1.2) (0.8)
Other Financing Activities (8.0) (7.8) (8.0) (9.7) (10.2) (21.6) (11.3) (19.0) (10.5) (26.3) (3.7) 0.8 5.1 (13.9) (1.4) (1.6) (32.5) (2.1) (0.0) 0 (0.1) 0 (0.2)
Financing Cash Flow 216.5 (169.7) 46.3 (183.2) (50.9) 91.3 (84.4) 49.6 (338.5) (154.4) 321.3 188.6 108.7 65.7 106.5 40.8 93.6 169.7 (1.1) (1) (1) 6.4 7.8
Cash Position
Net Change in Cash 236.7 (129.7) 152.9 (0.8) (4.7) 3.9 6.2 (4.2) (197.6) 149.6 (3.0) 4.3 3.5 (0.6) 1.7 2.6 0.1 (1.0) 3.1 (0.3) (1.1) (3.6) (0.9)
Cash at Beginning 39.7 169.4 16.5 17.3 22.0 18.1 11.9 12.3 209.9 60.3 13.8 9.5 6.0 6.6 5.0 2.4 2.3 3.4 0.3 0.3 1.1 3.6 0.9
Cash at End 276.4 39.7 169.4 16.5 17.3 22.0 18.1 8.1 12.3 209.9 10.8 13.8 9.5 6.0 6.6 5.0 2.4 2.3 3.4 0 0 0 0
Free Cash Flow 253.7 299.6 255.8 229.4 219.1 205.7 203.9 112.2 159.2 162.0 (406.4) (168.8) (129.1) (71.3) (83.1) 35.0 (120.4) 12.9 2.7 0.8 0.7 (8.8) (5)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 763.9 753.3 685.0 739.0 664.4 584.2 611.8 578.1 612.8 574.6 625.3 586.7 525.5 508.1 493.0 492.2 767.1 585.6 407.1 353.7 321.3 232.8 195.8 144.1 123.0 105.1 77.5 39.3 6.6 2.5 2.5 2.2 1.2
Gross Profit 117.8 260.4 231.2 220.4 209.5 325.8 191.4 183.5 189.8 200.5 189.9 306.7 299.4 170.4 149.9 145.4 273.4 444.6 244.1 129.5 185.5 126.6 0 0 0 0 0 0 0 0 0 0 0
Operating Income 230.4 213.3 188.5 181.4 168.7 290.0 151.4 144.5 134.2 52.4 120.1 131.6 141.9 89.1 30.3 110.5 137.9 133.1 117.7 108.4 97.2 86.6 74.8 63.8 58.4 54.5 42.5 21.3 2.7 3.1 4.7 4.2 2.2
Net Income 152.3 138.9 (73.5) 173.0 76.5 97.4 191.7 72.3 68.7 30.1 178.3 40.3 93.7 21.0 (119.4) 42.8 56.3 54.0 34.8 49.2 39.0 37.0 30.9 23.3 19.9 15.1 15.1 4.7 (1) 0.3 0.3 0.3 0.2
EPS (Diluted) 1.34 1.23 -0.65 1.53 0.68 0.87 1.71 0.69 0.69 -0.03 1.74 0.25 0.83 -0.03 -1.94 0.43 0.70 0.87 0.39 0.69 0.63 0.54 0.27 0.56 0.63 0.59 0.66 0.47 -0.60 0.21 0.19 0.21 0.17
Balance Sheet
Cash & Equivalents 275.0 38.3 167.8 12.3 13.3 18.4 14.7 8.1 12.3 209.9 8.3 6.8 13.8 9.5 6.0 6.6 5.0 2.4 2.3 3.4 0 0
Total Assets 4,701.8 4,254.2 4,247.0 4,257.3 4,262.5 4,077.0 3,854.5 3,656.0 3,595.2 3,780.9 3,380.0 3,114.2 1,732.0 1,332.1 1,138.7 994.9 794.8 721.0 563.7 193.5 24.2 24.8
Total Debt 2,812.8 2,441.0 2,450.2 2,260.6 2,301.6 2,127.2 1,874.8 1,823.9 1,844.2 1,904.0 4,107.7 3,723.4 1,022.7 738.7 809.8 573.3 474.3 399.6 306.8 114.4 14.9 14.9
Stockholders' Equity 1,514.8 1,493.1 1,483.9 1,681.8 1,622.7 1,661.0 1,679.0 1,585.4 1,402.1 1,523.1 1,027.5 946.0 521.9 450.4 288.5 263.9 193.7 192.1 168.8 11.7 9.2 9.6
Cash Flow
Operating Cash Flow 334.9 331.0 276.3 265.8 249.1 238.4 228.6 182.4 230.1 232.9 95.9 84.5 67.8 62.2 50.9 35.0 32.3 12.9 3.2 0.8 0.7 0.7 0.4
Capital Expenditure (81.3) (31.3) (20.5) (36.4) (30.0) (32.8) (24.7) (70.2) (70.9) (70.9) (502.4) (253.3) (196.9) (133.6) (134.0) (65.1) (152.7) (180.6) (0.5) 0 0 (9.5) (5.4)
Free Cash Flow 253.7 299.6 255.8 229.4 219.1 205.7 203.9 112.2 159.2 162.0 (406.4) (168.8) (129.1) (71.3) (83.1) 35.0 (120.4) 12.9 2.7 0.8 0.7 (8.8) (5)