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.
CDP Q4 FY2025 Key Financial Metrics
Revenue
$197.4M
Gross Profit
N/A
Operating Profit
$39.2M
Net Profit
$39.4M
Gross Margin
N/A
Operating Margin
19.9%
Net Margin
20.0%
YoY Growth
7.6%
EPS
$0.32
COPT DEFENSE PROPERTIES Q4 FY2025 Financial Summary
COPT DEFENSE PROPERTIES reported revenue of $197.4M (up 7.6% YoY) for Q4 FY2025, with a net profit of $39.4M (up 8.0% YoY) (20.0% margin).
Key Financial Metrics
| Total Revenue | $197.4M |
|---|---|
| Net Profit | $39.4M |
| Gross Margin | N/A |
| Operating Margin | 19.9% |
| Report Period | Q4 FY2025 |
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).
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 |