COPT Defense Properties

Real Estate · REIT - Office

Overall research band Mixed

Quality Mixed

Valuation Above average

Balance sheet Very weak

Market confirmation Above average

One-minute company read

What this report can tell you now

What the company does

COPT Defense Properties is a Real Estate Investment Trust (REIT) specializing in the ownership, management, leasing, development, and acquisition of office and data center assets. Its primary customers are the United States Government and its contractors, particularly those involved in national security, defense, and information technology operations. The company’s revenue model is based on rental income from its portfolio, which as of June 30, 2023, consisted of 192 properties totaling 22.9 million square feet, with 90% of core portfolio rental income derived from Defense/IT locations and the remaining 10% from Regional Office properties. COPT’s properties are primarily Class-A office spaces located in the Washington, DC/Baltimore metropolitan area, and the portfolio maintained a 95% occupancy rate as of the same date.

The current research profile is Mixed Setup, with elevated leverage. This is a starting point for investigation, not a forecast or recommendation.

Strongest visible signal

No single strength should be treated as decisive without reviewing the underlying evidence and data status.

What to investigate next

Read the latest filing or company update, check the period behind the metrics, and investigate the dimension with the weakest band above.

Before you draw a conclusion

Read the latest filing or company update.
Check the financial period behind each metric.
Investigate the weakest score band and any missing evidence.

Headline fundamentals

A small set of signals worth checking

ROIC5.8%Model input; read with the evidence status and period context.

Operating margin30.2%Model input; read with the evidence status and period context.

Revenue CAGR · 4 years3.5%Model input; read with the evidence status and period context.

FCF margin33.2%Model input; read with the evidence status and period context.

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