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CDP

COPT Defense Properties

CDP

NYSE·Real Estate·REIT - Office·Mkt cap $4.2B

$37.47

▲ +2.07%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$26.91 - $37.59

P/E

27.15

Fwd P/E

28.26

Beta

0.81

Div Yield

3.41%

Avg Vol

1.0M

Shares Out

113.4M

Mkt Cap

$4.2B

Price action

Price chart

Up 30.3% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Strategic geographic focus on defense and national security hubs with durable, mission-critical demand
  • Long-term government tenant relationships and contracts providing stable, predictable cash flows
  • High occupancy rates (95%) and strong fundamentals in resilient Defense/IT real estate markets
  • Expertise in data center and specialized office properties serving growing IT and cybersecurity missions
▼

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Increasing U.S. Government spending on defense modernization and cybersecurity infrastructure

Value

Undervalued - trading well below Office REITs peers

Momentum

Strong

+17.1% over 3m

Quality

Stable

Excellent business quality

Dividend

Solid

3.41% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 27, 2026

“
Q2 26 RECAP

APR 27, 2026

Reported EPS of $0.34 vs $0.33 consensus (+2.8% surprise). Revenue of $193.0M vs $185.1M expected (+4.3%). Beat on both top and bottom lines.

EPS beat +2.8%
Rev beat +4.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+2.8%

Next: Jul 27, 2026

Revenue trend · last 8Q

—

—

+2%

-3%

+1%

-0%

+8%

+7%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$187.3M

$189.2M

$183.4M

$187.9M

$189.9M

$188.8M

$197.4M

$200.6M

Margins · last 8Q

Gross

—

Operating

—

Profit

19.2%

View full earnings history →

Wall Street consensus

6 analysts · 50% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

50%

Hold

3

50%

Sell

0%

Median Price Target

$38.00

▲ +1.4% vs $37.47

Low $38.00
Median $38.00
High $38.00

Latest: JP Morgan · May 15, 2026

1 analyst covering

View full analyst page →

vs Industry

How CDP stacks vs REIT - Office

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.