Stock CDP COPT DEFENSE PROPERTIES
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Company COPT Defense Properties

Equities

CDP

US22002T1088

Commercial REITs

Market Closed - Nyse
Other stock markets
 04:00:01 2024-05-09 pm EDT 		5-day change 1st Jan Change
24.66 USD +0.12% Intraday chart for COPT Defense Properties +0.61% -3.78%
Apr. 29 Wedbush Adjusts COPT Defense Properties' Price Target to $28 From $27, Keeps Outperform Rating MT
Apr. 26 Transcript : COPT Defense Properties, Q1 2024 Earnings Call, Apr 26, 2024

Business Summary

COPT Defense Properties is a fully integrated and self-managed real estate investment trust (REIT). It is focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key United States Government (USG) defense installations and missions (referred to as its Defense/IT Portfolio). Its tenants include the USG and their defense contractors, who are engaged in priority national security activities, and who require mission-critical and high security property enhancements. Its Defense/IT Portfolio segment consists of approximately 193 properties, including 24 owned through unconsolidated joint ventures, encompassed 22.0 million square feet. Its Defense/IT Portfolio sub-segments includes Fort George G. Meade and the Baltimore/Washington Corridor; Northern Virginia Defense/IT Locations; Lackland Air Force Base in San Antonio, Texas; locations serving the U.S. Navy; Redstone Arsenal in Huntsville, Alabama, and data center shells in Northern Virginia.

Number of employees: 410

Sales per Business

USD in Million2022Weight2023Weight Delta
Fort Meade/Baltimore Washington Corridor
42.3 %
274 37.0 % 290 42.3 % +5.94%
Northern Virginia Defense/Information Technology
11.7 %
74 10.0 % 80 11.7 % +8.69%
Other
10.5 %
7 1.0 % 72 10.5 % +880.78%
Lackland Air Force Base
9.8 %
63 8.5 % 67 9.8 % +6.90%
Construction Contract and Other Service
8.8 %
155 20.9 % 60 8.8 % -61.08%
Redstone Arsenal
8.0 %
39 5.2 % 55 8.0 % +42.85%
Navy Support
4.8 %
33 4.4 % 33 4.8 % -0.35%
Data Center Shells
4.0 %
36 4.8 % 27 4.0 % -23.17%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
739 100.0 % 685 100.0 % -7.31%

Managers

Managers TitleAgeSince
Stephen Budorick CEO
 Chief Executive Officer 63 11-09-28
Anthony Mifsud DFI
 Director of Finance/CFO 59 07-08-31
Britt Snider COO
 Chief Operating Officer - Nov. 30
Venkat Kommineni IRC
 Investor Relations Contact - -
Matthew Myers AUD
 Comptroller/Controller/Auditor 37 22-10-31
David L. Finch LAW
 General Counsel - 10-12-31

Members of the board

Members of the board TitleAgeSince
Thomas Brady BRD
 Director/Board Member 74 01-12-31
Charles Pickett BRD
 Director/Board Member 62 13-11-20
Stephen Budorick CEO
 Chief Executive Officer 63 11-09-28
Raymond Owens BRD
 Director/Board Member 65 21-03-04
Philip Hawkins BRD
 Director/Board Member 68 13-12-31
Robert Denton CHM
 Chairman 71 99-04-30
Tish Long BRD
 Director/Board Member 64 20-09-30
Lisa Trimberger BRD
 Director/Board Member 63 17-09-30
Essye Miller BRD
 Director/Board Member - 22-09-30

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 112,634,870 112,240,933 ( 99.65 %) 0 99.65 %

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
14.81 %
16,664,736 14.81 % 403 M $
BlackRock Advisors LLC
14.21 %
15,996,097 14.21 % 387 M $
STATE STREET CORPORATION
6.115 %
6,882,087 6.115 % 166 M $
EARNEST Partners LLC
4.646 %
5,228,901 4.646 % 126 M $
Barrow, Hanley, Mewhinney & Strauss LLC
4.628 %
5,208,848 4.628 % 126 M $
Victory Capital Management, Inc. (Investment Management)
3.814 %
4,292,310 3.814 % 104 M $
Fidelity Management & Research Co. LLC
3.812 %
4,290,896 3.812 % 104 M $
Westwood Management Corp. (Texas)
2.952 %
3,322,480 2.952 % 80 M $
Geode Capital Management LLC
2.406 %
2,708,100 2.406 % 65 M $
Channing Capital Management LLC
2.062 %
2,321,174 2.062 % 56 M $

Company contact information

COPT Defense Properties

6711 Columbia Gateway Drive Suite 300

21046, Columbia

+443 285 5400

http://www.copt.com
address COPT Defense Properties(CDP)

Group companies

NameCategory and Sector
Redstone Gateway 7200 LLC
Logo Redstone Gateway 7200 LLC

Redstone Gateway 7200 LLC

Finance/Rental/LeasingFinance

Part of Corporate Office Properties Trust, Redstone Gateway 7200 LLC operates as a non-trading company. The private company is based in Columbia, MD.

Finance/Rental/Leasing

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Commercial REITs
Office REITs

Sales per Business

Ratings for COPT Defense Properties

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
24.63 USD
Average target price
28.3 USD
Spread / Average Target
+14.90%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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Office REITs
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