Copt Defense Properties SEC Filings

COPT Defense Properties reported an insider transaction by its SVP-CAO & Controller on 12/01/2025. The officer disposed of 250 common shares in a transaction coded "F" at a price of $30.73 per share.

After this transaction, the officer beneficially owned 9,560 common shares, held directly. The filing is a routine Form 4 reporting a change in insider ownership and does not describe any broader corporate events or changes to the company’s operations.

AllianceBernstein L.P. filed an amended Schedule 13G reporting beneficial ownership in COPT Defense Properties (CDP). The firm reported 8,457,373 shares, representing 7.5% of the class as of 09/30/2025. It holds 7,268,115 shares with sole voting power, 0 with shared voting power, 8,365,717 with sole dispositive power, and 91,656 with shared dispositive power.

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. AllianceBernstein notes it operates under independent management from its majority owner, Equitable Holdings, Inc., which reports beneficial ownership separately.

COPT Defense Properties (CDP) reported an insider transaction by its EVP and CFO. On 11/12/2025, the officer received 17,400 Common Units-CDPLP in a transaction coded G, with a stated price of $0. Each Common Unit is convertible into one common share of the issuer or cash at the issuer’s election.

Following the transaction, the officer reported 223,008 derivative securities beneficially owned, held directly. The filing notes these units were received upon conversion of previously reported Profit Interest Units granted as employment compensation.

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.

COPT Defense Properties (CDP) reported an insider transaction involving a director. On 11/03/2025, the reporting person converted 2,500 Common Units of limited partnership interest in COPT Defense Properties, L.P.

The issuer, as general partner, elected to pay cash upon conversion, calculated using the 10-day average closing price of CDP common shares on the NYSE. The Common Units are convertible upon issuance and have no expiration date. Following the reported transaction, the filer reported 150,264 derivative securities beneficially owned (direct).

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.

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.

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.

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.