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Copt Defense Properties 8-K Filings

CDP NYSE

Every 8-K 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 8-K covers material events a company has to report between its quarterly 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.

Rhea-AI Summary

COPT Defense Properties reported operating results for the quarter ended June 30, 2026. Net income was approximately $48.6 million and diluted EPS was $0.40, with Funds from Operations (FFO) per Nareit of $85.0 million, or $0.71 per diluted share, and diluted AFFO of $69.1 million.

Same property cash NOI was $112.3 million for the quarter and $218.5 million for the first half of 2026, with total same property cash NOI up 7.4% and Defense/IT same property cash NOI up 8.5% versus the prior‑year periods. The Defense/IT portfolio comprised 202 properties totaling 23.3 million square feet and was 96.4% leased; the total portfolio was 94.1% occupied.

Total assets were $4.52 billion and debt was $2.59 billion, resulting in debt to assets of 57.4%, net debt to adjusted book of 40.8%, and net debt to in‑place adjusted EBITDA of 6.0x. The company also listed investment‑grade credit ratings from Fitch, Moody’s and S&P, each with a Stable outlook.

Rhea-AI Summary

COPT Defense Properties reported the results of its 2026 Annual Meeting of Shareholders held on May 14, 2026. Shareholders elected eight trustees to one-year terms, with support levels generally above 100 million votes for each nominee and substantial broker non-votes reported separately.

Shareholders approved an advisory resolution endorsing the compensation of the company’s named executive officers, with 102,933,753 votes for, 3,358,289 against, and 50,096 abstentions. They also ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the current fiscal year by 100,935,697 votes for, 7,015,739 against, and 30,706 abstentions.

Rhea-AI Summary

COPT Defense Properties reported solid results for the quarter ended March 31, 2026, supported by high occupancy and growth in cash earnings. Net income was $40.1 million, or $0.34 diluted EPS, while diluted FFO per share (Nareit) was $0.69.

Real estate revenues reached $194.6 million and NOI from real estate operations was $115.2 million. Same Property cash NOI rose 5.4% year over year, including an 8.6% increase from the Defense/IT portfolio, reflecting rent growth and strong leasing.

The total portfolio was 94.4% occupied and 95.2% leased, with the Defense/IT portfolio 96.4% leased across 23.2 million square feet. Net debt was $2.61 billion, equal to 6.1x in-place adjusted EBITDA, and the company maintained investment grade ratings with stable outlooks.

Rhea-AI Summary

COPT Defense Properties filed a current report to alert investors that it has released its financial results for the period ended December 31, 2025. The company issued an earnings press release and is also providing supplemental information about its properties and operations. These materials are furnished as Exhibit 99.1 to the report and are described as not being deemed “filed” for purposes of certain Exchange Act and Securities Act liabilities or automatic incorporation by reference into other filings.

Rhea-AI Summary

COPT Defense Properties entered into new 2026 Letter Agreements with its President and CEO Stephen Budorick, COO Britt Snider, and CFO Anthony Mifsud that govern their participation in the company’s Second Amended & Restated Executive Change in Control and Severance Plan.

The agreements set five-year participation periods, after which the executives will no longer be covered unless all parties agree otherwise. If an executive is terminated without cause or is constructively discharged during the participation period, they may receive cash severance, a pro-rated bonus, accelerated vesting of time-based equity awards, extended stock option exercise rights and continued health benefits.

Budorick’s severance multiple is 2.00, or 2.99 if the termination occurs within six months before or 24 months after a change in control. Snider’s and Mifsud’s severance multiple is 1.00, or 2.99 in the same change in control window. Budorick’s continuation health coverage period is two years, while Snider and Mifsud have one year.

Rhea-AI Summary

COPT Defense Properties furnished an update on its business by issuing a press release with financial results for the period ended September 30, 2025. The company also made supplemental property and operations information available, both provided as Exhibit 99.1.

The information, including the exhibits, is designated as furnished and not deemed “filed” under the Exchange Act, and it is not incorporated by reference into Securities Act or Exchange Act filings.

Rhea-AI Summary

COPT Defense Properties entered into a second amendment to its credit agreement on October 6, 2025, modifying its unsecured revolving credit facility and term loan. The revolving credit facility’s aggregate lender commitment increased to $800.0 million, including up to $100.0 million for letters of credit and up to $100.0 million for a swingline subfacility, and its maturity was extended from October 26, 2026 to October 5, 2029, with two optional six‑month extensions for a fee. The revolving facility now carries a variable interest rate based on SOFR or a base rate, with margins tied to CDPLP’s credit ratings, and a quarterly commitment fee of 0.125% to 0.300%. The term loan’s maturity remains January 30, 2026, but CDPLP can extend it for two additional 12‑month periods for a fee, and its interest margins were also revised based on SOFR or a base rate and credit ratings. The amendment also permits CDPLP to request up to $575.0 million in additional capacity under the amended facilities, subject to lender approval and no default.

Rhea-AI Summary

COPT Defense Properties reported that its operating partnership, COPT Defense Properties, L.P., has completed an offering of $400.0 million aggregate principal amount of 4.500% Senior Notes due 2030. These notes are fully and unconditionally guaranteed by COPT Defense Properties through a related guarantee agreement.

The notes were issued under an existing automatic shelf registration on Form S-3ASR, using a base prospectus dated April 8, 2025 and a prospectus supplement dated September 23, 2025. The debt is governed by a senior indenture originally dated April 8, 2019, as amended by a fifth supplemental indenture dated October 2, 2025, which together set the key legal terms for the notes and the guarantee.

Rhea-AI Summary

COPT Defense Properties reported that its operating partnership, COPT Defense Properties, L.P., entered into an underwriting agreement for a debt offering. The partnership is issuing and selling $400,000,000 aggregate principal amount of 4.500% Senior Notes due 2030, offered under an effective shelf registration statement on Form S-3 with a related base prospectus and prospectus supplement dated September 23, 2025. The Notes will be fully and unconditionally guaranteed by COPT Defense Properties, and, subject to customary closing conditions, the offering is expected to close on or about October 2, 2025. Wells Fargo Securities, PNC Capital Markets and TD Securities are acting as representatives of the underwriters under the underwriting agreement.

Rhea-AI Summary

COPT Defense Properties filed a current report to provide additional operating and financial information to investors. The company is using this report primarily as a vehicle to furnish a supplemental package, listed as Exhibit 99.1, which contains detailed operating and financial information about its business. No major transactions or earnings results are described in the body of this report itself; instead, the focus is on making the supplemental materials available through the SEC filing system.