Welcome to our dedicated page for Copt Defense Properties SEC filings (Ticker: CDP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The COPT Defense Properties (NYSE: CDP) SEC filings page on Stock Titan provides centralized access to the company’s regulatory disclosures as a publicly traded real estate investment trust (REIT). COPT Defense focuses on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government defense installations and missions, and its filings offer detailed insight into how this Defense/IT Portfolio is financed, leased and managed.
Investors can review Form 8-K current reports in which COPT Defense discloses material events, such as quarterly earnings releases, supplemental operating and financial information, amendments to its credit agreements, and capital markets transactions. Examples include filings describing an amendment to the company’s unsecured revolving credit facility and term loan, and the issuance of $400 million of 4.500% Senior Notes due 2030 by its operating partnership, fully and unconditionally guaranteed by the company.
Annual reports on Form 10-K and quarterly reports on Form 10-Q (accessible via EDGAR and linked from company communications) typically contain comprehensive discussions of the Defense/IT Portfolio, including total square footage, occupancy and leased levels, development pipeline, and risk factors referenced in the company’s forward-looking statements. Proxy materials on Schedule 14A and other governance-related filings provide additional context on board oversight and REIT structure.
Stock Titan enhances these filings with AI-powered summaries that explain complex sections in plain language. Users can quickly understand how changes in the revolving credit facility, new senior notes, or supplemental operating information may affect leverage, liquidity and capital deployment. The filings page also surfaces Form 4 insider transaction reports, when available, to help track equity activity by COPT Defense’s officers, trustees and other insiders.
With real-time updates from EDGAR and AI-generated highlights, this page is designed to help readers navigate COPT Defense’s SEC filings efficiently, whether they are analyzing the company’s Defense/IT-focused real estate strategy, reviewing financial performance metrics, or examining the terms of its financing arrangements.
COPT Defense Properties is a self-managed REIT focused on owning, operating and developing office and data center shell properties tied to U.S. Government defense and intelligence missions. As of December 31, 2025, the company owned 207 operating properties totaling 25.1 million square feet, plus significant development land.
Its Defense/IT Portfolio accounted for 201 properties, 23.2 million square feet, 95.5% occupancy and 90.3% of annualized rental revenue. Overall portfolio occupancy was 94.0%, with total ARR of $728,085. The U.S. Government was the largest tenant at 35.4% of ARR, and the top 10 tenants represented 64.4%.
COPT Defense is heavily concentrated in the Greater Washington, DC/Baltimore region and key defense markets such as Huntsville, Northern Virginia and San Antonio. As of year end, it had five projects under development totaling 646,000 square feet, 58% leased, and controlled 1,045 acres that could support an estimated 12.1 million square feet of future development.
Management highlights a strategy centered on high-security, mission-critical space, disciplined development, and maintaining investment-grade financing. Key risks include reliance on U.S. defense spending, geographic and tenant concentration, refinancing $2.8 billion of debt over time, evolving climate and cybersecurity regulation, and the need to preserve REIT tax status.
COPT Defense Properties director Robert L. Denton reported a redemption of partnership units for cash. On February 10, 2026, he redeemed 2,000 Common Units of COPT Defense Properties, L.P., which are convertible into an equal number of common shares or, at the issuer’s election, cash.
For this redemption, the issuer chose to pay cash based on the 10-day average closing price of its common shares on the New York Stock Exchange. Following this transaction, Denton beneficially owns 146,264 derivative securities (Common Units), which are convertible upon issuance and have no expiration date.
COPT Defense Properties executive Anthony Mifsud, EVP and CFO, received an equity-based award. On 02/05/2026 he was granted 55,217 Profit Interest Units at a price of $0 under the COPT Defense Properties 2017 Omnibus Equity and Incentive Plan.
Each Profit Interest Unit can automatically convert into one OP Unit in COPT Defense Properties, L.P. once vested and capital is equalized, and OP Units are redeemable for cash or exchangeable at the company’s option into common shares on a one-for-one basis. Following this grant, he beneficially owns 314,451 derivative securities.
COPT Defense Properties reported an equity award to its President and CEO, Stephen E. Budorick. On 02/05/2026, he received 179,704 Profit Interest Units, a type of derivative security granted at a price of $0 under the company’s 2017 Omnibus Equity and Incentive Plan.
Each Profit Interest Unit can convert into an OP Unit in COPT Defense Properties, L.P. when vested and upon capital account equalization. OP Units are redeemable for cash or, at the company’s option, exchangeable for common shares on a current one-for-one basis. Following this grant, Budorick beneficially owns 1,063,297 derivative units directly.
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.
Vanguard Portfolio Management LLC filed a Schedule 13G reporting a passive ownership stake in COPT Defense Properties common stock. Vanguard reports beneficial ownership of 11,531,763 shares, representing 10.18% of the outstanding common stock.
Vanguard has shared voting power over 44,593 shares and shared dispositive power over 11,531,763 shares, with no sole voting or dispositive power. The filing states the shares are held in the ordinary course of business and not to change or influence control of the company.
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.
COPT Defense Properties reported that one of its directors redeemed 500 common units of limited partnership interest in COPT Defense Properties, L.P. on 12/23/2025. These common units are convertible into an equal number of the company’s common shares of beneficial interest or, at the company’s election, into cash equal to the fair market value of those shares.
For this transaction, the issuer elected to pay cash for the 500 common units, using the 10-day average closing price of its common shares on the New York Stock Exchange. The common units have a conversion price of $29.019, are convertible upon issuance, and have no expiration date. Following the reported transaction, the director beneficially owned 148,264 derivative securities on a direct basis.
COPT Defense Properties director reports partnership unit redemption and cash settlement. A reporting person serving as a director of COPT Defense Properties (ticker CDP) converted 1,500 Common Units of limited partnership interest in COPT Defense Properties, L.P. on 12/03/2025. These Common Units are convertible into an equal number of the company’s common shares or, at the company’s election, into cash equal to the fair market value of those shares. For this transaction, the company chose to pay cash based on the 10-day average closing price of its common shares on the New York Stock Exchange. Following the transaction, the reporting person beneficially owned 148,764 common shares, held directly. The Common Units are convertible upon issuance and have no expiration date.
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.