Every 10-Q that Copt Defense Properties (CDP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CDP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CDP filings page.
COPT Defense Properties, a defense-focused office and data-center REIT, reported stronger results for the quarter ended June 30, 2026. Total revenues were $197.4M, up from $189.9M a year earlier, driven by lease revenue of $188.8M. Net income attributable to common shareholders was $46.4M, compared with $38.3M, and diluted EPS increased to $0.40 from $0.34. For the first six months, revenues reached $398.0M and net income attributable to common shareholders was $85.0M, with diluted EPS of $0.74.
NOI from real estate operations rose to $120.1M for the quarter and $235.3M year-to-date, supported by Same Property rent growth and higher occupancy. The portfolio was 94.1% occupied and 95.6% leased, with 2.2 million square feet leased year-to-date and an 84.4% tenant retention rate. ARR per occupied square foot increased to $36.65. Operating cash flow was strong at $187.5M for the first half. The company acquired land tied to two fully leased properties for $43.0M, sold non-operating properties for $8.5M (recording a $6.4M gain), repaid $400.0M of 2.25% senior notes at maturity, and reduced total debt, net, to $2.59B while maintaining compliance with debt covenants. A quarterly dividend of $0.32 per share was declared.
COPT Defense Properties reported higher results for the quarter ended March 31, 2026. Total revenues rose to $200.6 million from $187.9 million, driven mainly by stronger lease revenue in its Defense/IT-focused real estate portfolio.
Net income attributable to common shareholders increased to $38.6 million from $34.7 million, with basic and diluted EPS both at $0.34 versus $0.31 a year earlier. The operating portfolio was 94.4% occupied and 95.2% leased, and same-property NOI from real estate operations improved, helped by higher rental rates and occupancy. The company also repaid $400.0 million of 2.25% senior notes at maturity and ended the period with $2.55 billion of debt and $4.46 billion in total assets.
COPT Defense Properties reported Q3 2025 results with net income of $43.7 million and diluted EPS of $0.37. Total revenues were $188.8 million, including lease revenue of $178.3 million as fixed and variable rents both increased year over year. Net operating income from real estate operations rose to $111.8 million, reflecting steady performance across its Defense/IT portfolio.
Year-to-date, net cash provided by operating activities was $228.6 million. Debt, net, was $2.44 billion, with a maturity schedule that includes $717.2 million in 2026, notably the $400 million 2.25% notes due March 2026 and a term loan maturing in January 2026. The company declared a quarterly dividend of $0.305 per common share. Shares outstanding were 112,950,359 as of September 30, 2025; as of October 23, 2025, 113,210,594 common shares were issued and outstanding.