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 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.
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.