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.
COPT Defense Properties filings document the reporting obligations of a Maryland REIT and its operating partnership, COPT Defense Properties, L.P., including results of operations, property-level supplements and capital-structure activity. Recurring 8-K reports attach earnings releases and supplemental information covering consolidated financial statements, FFO, adjusted FFO, EBITDAre, segment revenue, NOI, Cash NOI, occupancy, leasing and property groupings.
Other CDP filings cover proxy governance, executive compensation, change-in-control and severance arrangements, material agreements, unsecured credit facilities, term loans, senior notes issued by the operating partnership and guarantees by the REIT. Registration and debt-related filings describe indentures, prospectus materials, direct financial obligations and related risk-factor disclosure for the company’s defense-focused real estate portfolio.
COPT Defense Properties director Robert L. Denton reported a conversion of partnership interests rather than an open-market stock trade. He redeemed 500 Common Units of COPT Defense Properties, L.P., which are each convertible into one common share of beneficial interest or, at the issuer’s choice, cash.
For this transaction, the issuer elected to pay cash based on the 10-day average closing price of the common shares on the New York Stock Exchange, so no new shares were issued. Following the conversion, Denton directly holds 142,764 Common Units, which remain convertible upon issuance.
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 director Robert L. Denton converted partnership units into cash. He redeemed 1,000 Common Units of limited partnership interest in COPT Defense Properties, L.P., which are convertible into an equal number of the company’s common shares of beneficial interest or, at the company’s election, cash.
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. Common Units are convertible upon issuance and have no expiration date. Following this conversion, Denton directly holds 143,264 Common Units.
Vanguard Capital Management reports beneficial ownership of 6,008,678 shares (5.3%) of COPT Defense Properties common stock. The filing states Vanguard has sole dispositive power over 6,008,678 shares and sole voting power over 954,793 shares. The Schedule 13G was signed on 04/29/2026.
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.
COPT Defense Properties is asking shareholders to vote at its virtual 2026 Annual Meeting on May 14, 2026. Investors will elect eight trustees, approve on an advisory basis executive pay, and ratify PricewaterhouseCoopers as independent auditor.
The proxy highlights 2025 performance, including 94.0% portfolio occupancy, 95.3% leased rates, 557,000 square feet of vacancy leasing, and $1.34 diluted EPS. Diluted funds from operations were $2.72 per share, a 5.8% increase driven by higher rents, occupancy, and development and acquisition activity.
The compensation program remains heavily performance-based, with formulaic annual cash incentives tied to a corporate scorecard and long-term equity awards linked to total shareholder return. The board emphasizes sustainability, board independence, and shareholder rights such as the ability to call special meetings and majority voting for uncontested trustee elections.
The Vanguard Group amended its Schedule 13G to report it beneficially owns 0% (0 shares) of COPT Defense Properties common stock. The filing states this reporting follows an internal realignment and disaggregation under SEC Release No. 34-39538.
The amendment names The Vanguard Group as filer, lists the issuer address for COPT Defense Properties, and is signed by Ashley Grim, Head of Global Fund Administration with an execution date of 03/26/2026. The filing states Vanguard and its managed accounts have rights to dividends or proceeds where applicable.
COPT Defense Properties director Robert L. Denton reported a derivative conversion involving 2,000 Common Units of COPT Defense Properties, L.P. These Common Units were redeemed, and the issuer chose to pay cash based on the 10-day average closing price of its common shares on the NYSE.
Each Common Unit is convertible into either one common share of beneficial interest or cash at the issuer’s election, and the units have no expiration date. After this transaction, Denton directly held 144,264 Common Units.
COPT Defense Properties President and CEO Stephen E. Budorick reported receiving a grant of 61,114 Profit Interest Units on March 1, 2026 at a price of $0.00 per unit. These units were issued under the COPT Defense Properties 2017 Omnibus Equity and Incentive Plan.
Each Profit Interest Unit will automatically convert into one OP Unit of COPT Defense Properties, L.P. once it vests and its capital account is equalized. OP Units can be redeemed for cash or, at the company’s option, exchanged one-for-one for common shares of COPT Defense Properties. The award vests in three equal annual installments over a three-year period, and following this grant Budorick directly holds 1,124,411 derivative units.