Welcome to our dedicated page for Copt Defense Properties news (Ticker: CDP), a resource for investors and traders seeking the latest updates and insights on Copt Defense Properties stock.
COPT Defense Properties (CDP) delivers specialized real estate solutions for U.S. government agencies and defense contractors through its portfolio of secure office parks and data centers. This news hub provides investors and industry observers with timely updates on the REIT's strategic developments in government-leased properties and mission-critical facilities.
Access authoritative coverage of CDP's operational milestones, including earnings announcements, property acquisitions in key defense corridors, and data center expansions. The curated news collection features press releases on lease renewals with national security tenants, sustainability initiatives for government facilities, and capital allocation strategies for growth markets.
Key focus areas include updates from the Washington/Baltimore defense corridor, innovations in secure workspace design, and partnerships supporting intelligence community infrastructure needs. Regular updates ensure stakeholders stay informed about CDP's role in maintaining strategic government real estate assets.
Bookmark this page for consolidated access to CDP's corporate communications and market-moving developments. Check back regularly for verified updates on defense sector real estate trends and the company's position within specialized REIT markets.
COPT Defense Properties (NYSE: CDP) has declared a quarterly dividend of $0.295 per common share for Q3 2024, payable on October 17, 2024, to shareholders of record on September 30, 2024. This represents an annualized dividend of $1.18 per share. COPT Defense is an S&P MidCap 400 Company and a self-managed REIT focused on properties near or containing key U.S. Government defense installations and missions. As of June 30, 2024, the company's Defense/IT Portfolio comprised 193 properties, including 24 owned through unconsolidated joint ventures, totaling 22.0 million square feet with a 96.7% occupancy rate. The company's tenants primarily include the U.S. Government and defense contractors engaged in national security activities.
COPT Defense (NYSE: CDP) reported strong Q2 2024 results, with EPS of $0.31 and FFO per share of $0.64, exceeding guidance. The company increased its 2024 FFO per share guidance midpoint by $0.02 to $2.56, implying 5.8% year-over-year growth. Key highlights include:
- Defense/IT Portfolio: 95.5% occupied, 96.7% leased
- Same Property Cash NOI: Increased 10.9% in Q2, 8.5% year-to-date
- Total Leasing: 1.0 million SF in Q2, 1.7 million SF year-to-date
- Tenant Retention: 86% in Q2, 83% year-to-date
- Development Pipeline: 959,000 SF, 74% leased
The company raised guidance for same property cash NOI growth, year-end occupancy, and tenant retention, demonstrating strong demand in its defense-focused portfolio.
COPT Defense Properties (NYSE: CDP) will release its second quarter 2024 results on Monday, July 29, 2024, after the market closes. Management will discuss the results in a conference call on Tuesday, July 30, 2024, at 12:00 p.m. Eastern. Participants must register to receive the dial-in number and personal pin. The conference call can also be accessed via a live webcast on the company's Investors website. A replay will be available shortly after the call ends.
COPT Defense, a self-managed REIT and S&P MidCap 400 company, focuses on owning and developing properties near key U.S. Government defense installations. As of March 31, 2024, the company's Defense/IT Portfolio included 193 properties with 22.0 million square feet, 96.8% of which were leased.
COPT Defense Properties (NYSE: CDP) announced that its President and CEO, Stephen E. Budorick, will present at Nareit’s REITweek: 2024 Investor Conference on June 5, 2024. The session, including a Q&A, will take place at 10:15 a.m. Eastern Time at the New York Hilton Midtown. A live audio webcast and materials will be available on the COPT Investors website.
COPT Defense focuses on owning, operating, and developing properties near key U.S. Government defense installations. The company’s tenants include the U.S. Government and defense contractors engaged in national security activities, requiring high-security property enhancements. As of March 31, 2024, COPT’s Defense/IT Portfolio comprised 193 properties (22.0 million square feet) with a 96.8% leasing rate.
COPT Defense Properties (NYSE: CDP) declared a regular quarterly dividend of $0.295 per common share for the second quarter ending June 30, 2024. The dividend is payable on July 17, 2024, to shareholders of record on June 28, 2024. COPT Defense is a REIT focused on properties near US Government defense installations.
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