COPT Defense Properties (CDP)
NYSEReal EstateReit - OfficeSnapshot 2026-11-05
$32.35-2.30%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-11-05
QuarterlyIQ Insights · CDP
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -5.4% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to long-term interest rates.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| -1.8% |
Growth built into the price is above our model estimate.
The price assumes 3.7 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 12 industry peers · Company calendar date is not available
CDP — earnings in line
Dated 2026-02-05
Results of Operations and Financial Condition On February 5, 2026, COPT Defense Properties (the “Company”) issued a press release relating to its financial results for the period ended December 31, 2025 and, in connection with this release, is making available certain supplemental information pertaining to its properties and operations. The earnings release and supplemental information are included as Exhibit 99.1 to this report and are incorporated herein by reference. The information includ…
Why it matters: More debt compared with earnings can limit room for new projects and raise funding risk.
Worry ifThe next quarterly report shows net debt to in-place adjusted EBITDA above 6.0x.
Less concerning ifThe next quarterly report shows the ratio at or below 5.9x.
Why it matters: The latest filing reports results, but the signal says momentum fell after the earnings update. Another quarter can show if that change lasts.
Watch forThe next report shows FFO per share above $0.71 and same-property cash NOI above its year-earlier level.
Also watch forThe next report shows FFO per share below $0.69 or same-property cash NOI below its year-earlier level.
Why it matters: Cash NOI shows rent income after property costs. Continued growth would support stronger operating results.
Supportive ifA quarterly report shows same-property cash NOI is higher than a year ago.
Worry ifA quarterly report shows same-property cash NOI is lower than a year ago.
Why it matters: This portfolio drives COPT Defense's core business. A drop in leasing could weaken rent growth.
Worry ifThe next quarterly report shows Defense/IT leased space below 96%.
Less concerning ifThe next quarterly report shows Defense/IT leased space at or above 96%.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$63 on $10,000 · ±0.6% | How much price usually moves either way. |
| Bad day | $167 loss on $10,000 · 1.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,565 loss on $10,000 · 15.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: FFO per share tracks cash earnings from property operations. Growth would support the company's income trend.
Supportive ifA future quarter reports diluted FFO per share above $0.71.
Worry ifA future quarter reports diluted FFO per share below $0.69.