COPT DEFENSE PROPERTIESCDPEarnings & Financial Report
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.
Revenue
$193.3M
Gross Profit
N/A
Operating Profit
$33.8M
Net Profit
$33.7M
Gross Margin
N/A
Operating Margin
17.5%
Net Margin
17.4%
YoY Growth
15.4%
EPS
$0.29
COPT DEFENSE PROPERTIES Q1 FY2024 Financial Summary
COPT DEFENSE PROPERTIES reported revenue of $193.3M (up 15.4% YoY) for Q1 FY2024, with a net profit of $33.7M (down 58.1% YoY) (17.4% margin).
Key Financial Metrics
| Total Revenue | $193.3M |
|---|---|
| Net Profit | $33.7M |
| Gross Margin | N/A |
| Operating Margin | 17.5% |
| Report Period | Q1 FY2024 |
COPT DEFENSE PROPERTIES Annual Revenue by Year
COPT DEFENSE PROPERTIES annual revenue history includes year-by-year totals (for example, 2025 revenue was $763.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $763.9M |
| 2024 | $753.3M |
| 2023 | $60.2M |
| 2022 | $154.6M |
COPT DEFENSE PROPERTIES Quarterly Revenue & Net Profit History
COPT DEFENSE PROPERTIES results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $197.4M | +7.6% | $39.4M | 20.0% |
| Q3 FY2025 | $188.8M | -0.2% | $43.7M | 23.2% |
| Q2 FY2025 | $189.9M | +1.4% | $40.2M | 21.1% |
| Q1 FY2025 | $187.9M | -2.8% | $36.2M | 19.3% |
| Q4 FY2024 | $183.4M | +2.1% | $36.5M | 19.9% |
| Q3 FY2024 | $189.2M | +12.3% | $37.4M | 19.8% |
| Q2 FY2024 | $187.3M | +10.7% | $36.4M | 19.4% |
| Q1 FY2024 | $193.3M | +15.4% | $33.7M | 17.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $193.3M | $187.3M | $189.2M | $183.4M | $187.9M | $189.9M | $188.8M | $197.4M |
| YoY Growth | 15.4% | 10.7% | 12.3% | 2.1% | -2.8% | 1.4% | -0.2% | 7.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.23B | $4.22B | $4.23B | $4.25B | $4.25B | $4.29B | $4.35B | $4.70B |
| Liabilities | $2.68B | $2.67B | $2.68B | $2.69B | $2.69B | $2.72B | $2.77B | $3.11B |
| Equity | $1.48B | $1.49B | $1.49B | $1.49B | $1.49B | $1.50B | $1.51B | $1.51B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $71.0M | $93.8M | $65.1M | $331.0M | $72.1M | $87.9M | $68.6M | $309.9M |