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 EVP & COO Britt A. Snider received equity awards as part of employment compensation. The grants included 3,734 Profit Interest Units and 11,203 common shares, both at a stated price of $0.0000 per unit or share.
The Profit Interest Units were issued under the COPT Defense Properties 2017 Omnibus Equity and Incentive Plan and will vest in three equal installments over a three-year period. Once vested and capital accounts are equalized, each Profit Interest Unit automatically converts into one OP Unit, which can be redeemed for cash or, at the company’s option, exchanged one-for-one for common shares.
COPT Defense Properties EVP and CFO Anthony Mifsud reported receiving equity-based compensation rather than making open-market trades. On March 1, 2026, he was granted 8,149 Profit Interest Units and a matching 8,149 common shares at a stated price of $0.00 per unit/share, as employment compensation under the company’s 2017 Omnibus Equity and Incentive Plan.
The Profit Interest Units vest in three equal installments over three years. Once vested and capital accounts are equalized, each Profit Interest Unit automatically converts into one OP Unit, which is redeemable for cash or, at the company’s option, exchangeable one-for-one into common shares.
COPT Defense Properties senior vice president, chief accounting officer, and controller Matthew T. Myers reported several equity compensation-related transactions in common shares. On March 1, 2026, he disposed of 299, 351, and 300 common shares at $31.78 per share through tax-withholding dispositions to cover obligations. The same day, he acquired a grant or award of 2,390 common shares at no cost, which the filing notes were received as employment compensation. Following these transactions, his directly owned common share balance was 11,000 shares.
COPT Defense Properties director Philip L. Hawkins reported an open-market sale of 5,536 common shares on February 23, 2026. The weighted average sale price was $32.7132 per share, based on trades between $32.58 and $32.76. After this transaction, he directly owned 15,188 common shares.
CDP submitted a Form 144 notice regarding proposed sales of Common stock. The filing lists prior open-market purchase entries of 1,036 shares on 03/01/2015 and entries of 3,000 and 1,500 shares on 12/14/2018. The filing identifies Morgan Stanley Smith Barney LLC as the broker on NYSE.
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.
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.
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.