10q10k10q10k.net
COPT DEFENSE PROPERTIES

COPT DEFENSE PROPERTIESCDPEarnings & Financial Report

NYSE · real estate investment trust

COPT Defense Properties is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2024, the company owned 164 office buildings comprising 16.5 million square feet and 31 single-tenant data centers comprising 5.9 million square feet.

NextMar 30, 2026

CDP Q3 2025 Key Financial Metrics

Revenue

$8.5M

Gross Profit

N/A

Operating Profit

$42.5M

Net Profit

$43.7M

Gross Margin

N/A

Operating Margin

501.4%

Net Margin

515.5%

YoY Growth

-49.1%

EPS

$0.37

Financial Flow

COPT DEFENSE PROPERTIES Q3 2025 Financial Summary

COPT DEFENSE PROPERTIES reported revenue of $8.5M for Q3 2025, with a net profit of $43.7M (515.5% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$8.5M
Net Profit$43.7M
Gross MarginN/A
Operating Margin501.4%
Report PeriodQ3 2025

COPT DEFENSE PROPERTIES Annual Revenue by Year

COPT DEFENSE PROPERTIES annual revenue history includes year-by-year totals (for example, 2024 revenue was $75.5M).

YearAnnual Revenue
2024$75.5M
2023$60.2M
2022$154.6M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$18.2M$26.6M$20.3M$16.7M$12.0M$10.3M$12.5M$8.5M
YoY Growth-24.5%68.2%42.2%39.4%-33.8%-61.4%-38.5%-49.1%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$4.25B$4.23B$4.22B$4.23B$4.25B$4.25B$4.29B$4.35B
Liabilities$2.70B$2.68B$2.67B$2.68B$2.69B$2.69B$2.72B$2.77B
Equity$1.48B$1.48B$1.49B$1.49B$1.49B$1.49B$1.50B$1.51B

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$66.6M$71.0M$93.8M$65.1M$101.1M$72.1M$87.9M$68.6M