COPT Defense Properties (CDP)
Landlord and developer of secure offices and data center shells supporting U.S. defense missions.
$34.34
After-hours close0.00 (0.00%)
At close$34.34(−0.69%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 168 | 180 | 193 | 187 | 189 | 183 | 188 | 190 | 189 | 197 | 201 | 197 |
| Cost of revenue | 73 | 118 | 131 | 121 | 123 | 117 | 121 | 118 | 160 | 169 | 81 | 79 |
| Gross profit | 95 | 61 | 62 | 66 | 66 | 66 | 67 | 72 | 29 | 28 | 119 | 119 |
| 11 | 11 | 12 | 12 | 11 | 12 | 12 | 12 | −29 | −31 | 61 | 55 | |
| 11 | 11 | 12 | 12 | 11 | 12 | 12 | 4 | 8 | 8 | 18 | 12 | |
| Selling & marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 3 |
| General & administrative | 11 | 11 | 12 | 12 | 11 | 12 | 12 | 4 | 8 | 8 | 14 | 9 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | −37 | −38 | 43 | 43 |
| Operating income | 85 | 50 | 50 | 54 | 54 | 54 | 55 | 60 | 58 | 58 | 58 | 63 |
| −306 | −15 | −17 | −18 | −17 | −18 | −18 | −19 | −13 | −16 | −18 | −15 | |
| Interest income | 3 | 0 | 4 | 3 | 3 | 7 | 2 | 1 | 0 | 0 | 4 | 3 |
| Interest expense | 18 | 22 | 21 | 21 | 20 | 22 | 21 | 21 | 21 | 24 | 24 | 24 |
| Other non-operating income | 38 | −7 | −4 | −3 | −3 | −4 | −2 | −2 | −8 | −6 | −6 | −1 |
| Income before tax | −221 | 35 | 34 | 36 | 38 | 36 | 36 | 40 | 44 | 42 | 40 | 48 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Net income from continuing operations | −221 | 35 | 34 | 36 | 37 | 36 | 36 | 40 | 44 | 42 | 40 | 48 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | −2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | −1 | 0 | 0 | 0 | −3 | 0 | 0 |
| Net income | −216 | 34 | 33 | 35 | 36 | 35 | 35 | 38 | 42 | 38 | 39 | 46 |
| EPS, basic | −$1.93 | $0.30 | $0.29 | $0.31 | $0.32 | $0.31 | $0.31 | $0.34 | $0.37 | $0.33 | $0.34 | $0.41 |
| EPS, diluted | −$1.93 | $0.30 | $0.29 | $0.31 | $0.32 | $0.31 | $0.31 | $0.34 | $0.37 | $0.33 | $0.34 | $0.41 |
| Weighted average shares, basic | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 112 | 113 | 113 | 113 |
| Weighted average shares, diluted | 112 | 113 | 113 | 113 | 113 | 114 | 113 | 113 | 113 | 114 | 114 | 114 |
| EBITDA | 85 | 93 | 93 | 96 | 96 | 98 | 96 | 101 | 106 | 106 | 107 | 106 |
| Depreciation & amortization | 38 | 37 | 38 | 39 | 38 | 39 | 39 | 40 | 41 | 42 | 43 | 42 |
| EBIT | 47 | 57 | 55 | 57 | 58 | 58 | 57 | 61 | 66 | 64 | 64 | 64 |
