COPT Defense Properties (CDP)
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
$35.16-0.40%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
QuarterlyIQ Insights · CDP
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within real estate on a research-validated quality screen. As of 2026-09-04.
The screen ranks CDP against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 2 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated neutral grew net income 51% of the time over the next year (vs 56% for the rest of the cohort, n=3706).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on growing total revenues through leasing and property operations in the Defense/IT Portfolio.
Stated as a priority in 4 of last 4 quarters. Total revenues were $197.4M in 2026-Q2, stable compared to $200.6M in 2026-Q1 and $197.4M in 2025-Q4. The Defense/IT Portfolio leasing remained high at 96.4% in 2026-Q2, consistent with prior quarters. Management is maintaining focus on revenue growth with stable leasing and revenue levels, indicating delivering on this priority.
“Defense/IT Portfolio of 202 properties ... was 96.4% leased.”
“Defense/IT Portfolio of 201 properties ... was 96.4% leased.”
“Defense/IT Portfolio of 201 properties ... was 96.5% leased.”
“Defense/IT Portfolio of 198 properties ... was 96.6% leased.”
Improve operating income through cost management and operational efficiencies.
Stated as a priority in 4 of last 4 quarters. Operating income rose from $38.9M in 2026-Q1 to $48.2M in 2026-Q2, showing improvement. Prior quarters showed operating income around $39.2M to $42.5M. The recent increase indicates progress in enhancing operating income, consistent with management's stated focus.
“Operating income of $48.2 million in 2026-Q2.”
Grow net income through operational performance and portfolio management.
Stated as a priority in 4 of last 4 quarters. Net income increased from $40.1M in 2026-Q1 to $48.6M in 2026-Q2, showing growth. Prior quarters ranged from $39.4M to $43.7M. The upward trend aligns with management's commitment to increasing net income, indicating delivering on this priority.
“Net income of $48.6 million in 2026-Q2.”
Sustain high occupancy and leasing percentages in the Defense/IT Portfolio to support stable cash flows.
Stated as a priority in 4 of last 4 quarters. Defense/IT Portfolio leasing remained stable around 96.4% to 96.6%, and occupancy around 95.1% to 95.6%. This consistent high occupancy and leasing rate reflects management's sustained focus and delivering on maintaining portfolio stability.
Manage debt levels and capital structure prudently to support financial stability and credit ratings.
Stated as a priority in 3 of last 4 quarters. Debt decreased from $2.77B in 2025-Q4 to $2.55B in 2026-Q1, with debt to assets ratio improving from 58.9% to 57.1%. This reflects management's discipline in capital structure and debt management, showing delivering on this priority.
Over the trailing year it converted 2.11x of net income into operating cash flow. Historically, Real Estate names rated neutral grew net income 57% of the time over the next year (vs 46% for the rest of the cohort, n=2946).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity, the US dollar (low R² over the window).
4 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated stable grew net income 43% of the time over the next year (vs 55% for the rest of the cohort, n=685).
Not investment advice. As of 2026-09-04.
“Operating income of $38.9 million in 2026-Q1.”
“Operating income of $39.2 million in 2025-Q4.”
“Operating income of $42.5 million in 2025-Q3.”
“Net income of $40.1 million in 2026-Q1.”
“Net income of $39.4 million in 2025-Q4.”
“Net income of $43.7 million in 2025-Q3.”
“Defense/IT Portfolio was 96.4% leased and 95.1% occupied.”
“Defense/IT Portfolio was 96.4% leased and 95.6% occupied.”
“Defense/IT Portfolio was 96.5% leased and 95.5% occupied.”
“Defense/IT Portfolio was 96.6% leased and 95.3% occupied.”
“Debt was $2.55B with debt to assets 57.1%.”
“Debt was $2.77B with debt to assets 58.9%.”
“Debt was $2.44B with debt to assets 56.2%.”