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CDP
Upturn stock ratingUpturn stock rating

COPT Defense Properties (CDP)

Upturn stock ratingUpturn stock rating
$28.78
Last Close (24-hour delay)
Profit since last BUY0.17%
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Upturn Advisory Summary

08/29/2025: CDP (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

8 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $31.86

1 Year Target Price $31.86

Analysts Price Target For last 52 week
$31.86 Target price
52w Low $23.66
Current$28.78
52w High $33.15

Analysis of Past Performance

Type Stock
Historic Profit 21.19%
Avg. Invested days 50
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/29/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.33B USD
Price to earnings Ratio 22.66
1Y Target Price 31.86
Price to earnings Ratio 22.66
1Y Target Price 31.86
Volume (30-day avg) 8
Beta 0.89
52 Weeks Range 23.66 - 33.15
Updated Date 08/29/2025
52 Weeks Range 23.66 - 33.15
Updated Date 08/29/2025
Dividends yield (FY) 4.16%
Basic EPS (TTM) 1.27

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 19.2%
Operating Margin (TTM) 31.53%

Management Effectiveness

Return on Assets (TTM) 3.29%
Return on Equity (TTM) 9.63%

Valuation

Trailing PE 22.66
Forward PE -
Enterprise Value 5723763025
Price to Sales(TTM) 4.43
Enterprise Value 5723763025
Price to Sales(TTM) 4.43
Enterprise Value to Revenue 7.63
Enterprise Value to EBITDA 14.58
Shares Outstanding 112928000
Shares Floating 112063757
Shares Outstanding 112928000
Shares Floating 112063757
Percent Insiders 0.3
Percent Institutions 109.99

ai summary icon Upturn AI SWOT

COPT Defense Properties

stock logo

Company Overview

overview logo History and Background

Corporate Office Properties Trust (COPT) was founded in 1988 and focused on developing and acquiring office and data center properties in strategic locations near U.S. defense installations and government agencies. In 2022, COPT rebranded as COPT Defense Properties to emphasize its core business.

business area logo Core Business Areas

  • Defense/IT Locations: Focuses on owning, managing, developing and leasing properties located near U.S. defense installations and government agencies. Their properties are leased primarily to the U.S. Government, defense contractors and IT service providers.

leadership logo Leadership and Structure

Stephen E. Budorick serves as President & CEO. The company operates as a real estate investment trust (REIT) with a traditional corporate structure governed by a Board of Trustees.

Top Products and Market Share

overview logo Key Offerings

  • Office & Data Center Leasing: COPT's primary revenue stream is from leasing office and data center space to tenants involved with the U.S. government and defense sectors. Specific market share data is not readily available without subscriptions to real estate market data providers. Competitors include other REITs specializing in government-leased properties and general commercial real estate companies.

Market Dynamics

industry overview logo Industry Overview

The industry consists of REITs and private firms that own and manage properties leased primarily to government, defense, and technology tenants. Growth is driven by government spending, technology infrastructure needs, and demand for secure facilities.

Positioning

COPT is a leading REIT specializing in properties located in proximity to defense installations. Their competitive advantage lies in their specialized knowledge of the sector, long-term tenant relationships, and strategic locations. COPT has many defense locations in the US.

Total Addressable Market (TAM)

The TAM for properties leased to the U.S. government, defense, and IT sectors is substantial, estimated to be worth billions of dollars. COPT is well-positioned to capture a significant portion of this TAM due to its specialized focus and established presence.

Upturn SWOT Analysis

Strengths

  • Specialized Focus
  • Long-Term Tenant Relationships
  • Strategic Locations
  • High Occupancy Rates
  • Strong Dividend Yield

Weaknesses

  • Concentration of Tenants (U.S. Government)
  • Sensitivity to Government Spending
  • Limited Diversification Outside Defense/IT Sector
  • High Debt Levels

Opportunities

  • Increased Government Spending on Defense and IT
  • Expansion into New Geographic Areas
  • Development of New Data Centers
  • Acquisition of Complementary Properties
  • Growing Demand for Secure Facilities

Threats

  • Changes in Government Policy and Budget
  • Economic Downturn
  • Increased Competition
  • Rising Interest Rates
  • Cybersecurity Risks

Competitors and Market Share

competitor logo Key Competitors

  • DLR
  • EQIX
  • PLD
  • SLG
  • BXP

Competitive Landscape

COPT competes with other REITs and private real estate companies. COPT differentiates itself through its specialized focus on defense and IT properties and its long-term tenant relationships. DLR and EQIX are significantly bigger data REITs

Major Acquisitions

Redstone Gateway

  • Year: 2021
  • Acquisition Price (USD millions): 1100
  • Strategic Rationale: Expanded presence near Redstone Arsenal in Huntsville, Alabama, a key defense and technology hub.

Growth Trajectory and Initiatives

Historical Growth: COPT has grown steadily through acquisitions, development, and organic rent growth.

Future Projections: Analyst estimates project continued growth in revenue and FFO (Funds From Operations) due to increased government spending and demand for secure facilities.

Recent Initiatives: Recent initiatives include expanding existing properties, acquiring new properties in strategic locations, and developing new data center facilities.

Summary

COPT Defense Properties is a specialized REIT focused on properties leased to the U.S. government, defense, and IT sectors. Its strengths include its specialized focus, long-term tenant relationships, and strategic locations. Weaknesses include a concentration of tenants and sensitivity to government spending. Future growth depends on the continued demand for secure facilities and government funding.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Investor Relations Materials
  • Analyst Reports
  • Real Estate Market Data Providers

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and may vary. Investment decisions should be based on individual due diligence and professional advice.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About COPT Defense Properties

Exchange NYSE
Headquaters Columbia, MD, United States
IPO Launch date 1991-12-31
President, CEO & Trustee Mr. Stephen E. Budorick
Sector Real Estate
Industry REIT - Office
Full time employees 427
Full time employees 427

COPT Defense, an S&P MidCap 400 Company, is a self-managed REIT focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government ("USG") defense installations and missions (referred to as its Defense/ IT Portfolio). The Company's tenants include the USG and their defense contractors, who are primarily engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. As of March 31, 2025, the Company's Defense/ IT Portfolio of 198 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.6 million square feet and was 96.6% leased.