COPT Defense Properties (CDP) Company Overview

The headline numbers for COPT Defense (CDP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.65 per share, missing the Zacks Consensus Estimate of $0.66 per share. This compares to FFO of $0.62 per share a year ago.

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announces the release date and conference call details in which management will discuss fourth quarter and year end 2024 results and guidance for 2025. Details: Results Release Date:   Thursday, February 6, 2025 after the market closes Conference Call Date:   Friday, February 7, 2025  Time:    12:00 p.m. Eastern Participants must register for the conference call at the link below to receive the.

COPT Defense Properties (NYSE:CDP ) Q3 2024 Earnings Conference Call October 29, 2024 12:00 PM ET Company Participants Venkat Kommineni - VP, IR Steve Budorick - President and CEO Britt Snider - EVP and COO Anthony Mifsud - EVP and CFO Conference Call Participants Steve Sakwa - Evercore ISI Blaine Heck - Wells Fargo Michael Griffin - Citi Tom Catherwood - BTIG Richard Anderson - Wedbush Securities Peter Abramowitz - Jefferies Dylan Burzinski - Green Street Operator Welcome to the COPT Defense Properties Third Quarter 2024 Results Conference Call. As a reminder, today's call is being recorded.

While the top- and bottom-line numbers for COPT Defense (CDP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to FFO of $0.60 per share a year ago.

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (“COPT Defense” or the “Company”) (NYSE: CDP) announced results for the third quarter ended September 30, 2024. Management Comments Stephen E. Budorick, COPT Defense's President & Chief Executive Officer, commented, “Our Defense/IT investment strategy, which concentrates our portfolio near priority U.S. defense installations, continued to generate strong results during the third quarter. FFO per share exceeded the midpoint of our guida.

COPT Defense Properties offers stable cash flow and growth potential due to its focus on specialized Defense/IT properties leased to U.S. government agencies and contractors. CDP has shown strong operating performance with robust same-property NOI growth and has robust guidance, supported by a well-occupied portfolio and solid balance sheet. Despite significant stock appreciation, CDP still offers value at a forward P/FFO of 12.6, with further upside potential from high tenant demand and development projects.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does COPT Defense (CDP) have what it takes?