CDP COPT Defense Properties Common Shares of Beneficial Interest

NYSE · Real Estate · View on SEC EDGAR ↗
$37.67
Price · Jul 2, 2026
Fundamentals as of May 6, 2026

CDP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$37.67
Market Cap
$3.15B
P/E (TTM)
20.7
EPS (TTM)
$1.34
Revenue (TTM)
$764M
Div Yield
4.3%
ROE
10.6%
Debt/Equity
52W Range
$27 – $38

CDP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $764M
3-point trend, +11.5%
2023-12-31 2025-12-31
EPS $1.34
3-point trend, +300.0%
2023-12-31 2025-12-31
Free Cash Flow
Margins 20.9%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
CDP
Peer Median
P/E (TTM)
3-point trend, +154.2%
20.7
30.1
P/S (TTM)
3-point trend, -2.2%
4.1
2.9
P/B
3-point trend, +6.9%
2.1
1.0

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
CDP
Peer Median
Net Profit Margin
3-point trend, +292.4%
20.9%
7.1%
ROA
3-point trend, +303.4%
3.6%
1.1%
ROE
3-point trend, +325.7%
10.6%
4.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
CDP
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
CDP
Peer Median
Revenue YoY
3-point trend, +11.5%
1.4%
Revenue CAGR 3Y
3-point trend, +11.5%
1.1%
Revenue CAGR 5Y
3-point trend, +11.5%
5.6%
EPS YoY
3-point trend, +300.0%
8.9%
Net Income YoY
3-point trend, +314.6%
10.8%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
CDP
Peer Median
EPS (Diluted)
3-point trend, +300.0%
$1.34

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
CDP
Peer Median
Payout Ratio
3-point trend, +150.1%
85.6%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
4.3%
Payout Ratio
85.6%
5Y Div CAGR
Ex-dateAmount
March 31, 2026$0.3200
Dec. 31, 2025$0.3050
Sept. 30, 2025$0.3050
June 30, 2025$0.3050
March 31, 2025$0.3050
Dec. 31, 2024$0.2950
Sept. 30, 2024$0.2950
June 28, 2024$0.2950
March 27, 2024$0.2950
Dec. 28, 2023$0.2850
Sept. 28, 2023$0.2850
June 29, 2023$0.2850
March 30, 2023$0.2850
Dec. 29, 2022$0.2750
Sept. 29, 2022$0.2750
June 29, 2022$0.2750
March 30, 2022$0.2750
Dec. 31, 2021$0.2750
Sept. 29, 2021$0.2750
June 29, 2021$0.2750

CDP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 12 analysts
  • Strong Buy 3 25.0%
  • Buy 5 41.7%
  • Hold 4 33.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

8 analysts · 2026-06-30
Median target $36.00 -4.4%
Mean target $36.00 -4.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.01%
Next Report
Jul 27, 2026
Period EPS Actual EPS Est Surprise
March 31, 2026 $0.34 $0.33 0.01%
Dec. 31, 2025 $0.33 $0.33 -0.00%
Sept. 30, 2025 $0.34 $0.35 -0.01%
June 30, 2025 $0.34 $0.34 0.00%
March 31, 2025 $0.30 $0.33 -0.02%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
CDP $3.15B 20.7 1.4% 20.9% 10.6%
BXP $10.70B 38.8 2.2% 8.0% 5.2% 59.1%
VNO $6.35B 7.9 1.3% 50.0% 16.2%
CUZ $4.33B 107.4 16.0% 4.1% 0.85%
KRC $4.42B 16.1 -2.0% 27.2% 5.6%
SLG $3.26B -28.5 13.2% -9.7% -2.5%
HIW $2.84B 17.8 -2.4% 20.2% 6.9%
DEI $1.84B 122.1 1.8% 1.6% 0.82% 63.3%
PDM $1.04B -12.4 -0.93% -14.8% -5.4%
DEA $981M 78.5 11.3% 3.9% 0.98%
ESRT 26.1 0.05% 9.5% 7.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for CDP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +30.3% $764M $753M $685M $739M $664M $582M $612M $578M $613M $574M $625M $586M
Cost of Revenue 8-point trend, +4.0% · · · · $104M $68M $110M $58M $100M $45M $103M $100M
SG&A Expense 12-point trend, +50.5% $48M $47M $43M $39M $41M $33M $35M $29M $31M $37M $31M $32M
Operating Expenses 12-point trend, +17.3% $534M $540M $749M $558M $496M $424M $460M $434M $477M $522M $505M $455M
Operating Income 4-point trend, +3.2% · · · · · · · · $136M $52M $120M $132M
Interest Expense 6-point trend, -5.6% · · $71M $61M $65M $68M $71M $75M · · · ·
Other Non-op 5-point trend, +18.6% $11M $13M $13M $9M $9M · · · · · · ·
Pretax Income 12-point trend, +355.8% $158M $144M $-73M $148M $77M $99M $194M $76M $75M $33M $121M $35M
Income Tax 12-point trend, +205.5% $947.0K $288.0K $588.0K $447.0K $145.0K $353.0K $-217.0K $-363.0K $1M $244.0K $199.0K $310.0K
Net Income 12-point trend, +296.3% $160M $144M $-74M $179M $82M $103M $192M $72M $69M $29M $178M $40M
EPS (Basic) 12-point trend, +440.0% $1.35 $1.23 $-0.67 $1.54 $0.68 $0.87 $1.72 $0.69 $0.56 $0.15 $1.74 $0.25
EPS (Diluted) 12-point trend, +436.0% $1.34 $1.23 $-0.67 $1.53 $0.68 $0.87 $1.71 $0.69 $0.56 $0.15 $1.74 $0.25
Shares (Basic) 12-point trend, +27.7% 112,516,000 112,296,000 112,178,000 112,073,000 111,960,000 111,788,000 111,196,000 103,946,000 98,969,000 94,502,000 93,914,000 88,092,000
Shares (Diluted) 12-point trend, +28.4% 113,304,000 112,899,000 112,178,000 112,620,000 112,418,000 112,076,000 111,623,000 104,125,000 99,155,000 94,594,000 97,667,000 88,263,000
EBITDA 12-point trend, -39.4% $164M $156M $151M $144M $151M $140M $139M $139M $272M $187M $262M $270M
Balance Sheet 12
Annual Balance Sheet data for CDP
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +4425.0% $275M $38M $168M $12M $13M $18M $15M $8M $12M $210M $60M $6M
PP&E (Net) 7-point trend, +24.8% · · · $8M $10M $10M · · $5M $5M $6M $7M
Intangibles 12-point trend, -54.9% $20M $11M $7M $10M $15M $19M $27M $43M $59M $78M $98M $44M
Total Assets 12-point trend, +28.3% $4.70B $4.25B $4.25B $4.26B $4.26B $4.08B $3.85B $3.66B $3.60B $3.78B $3.91B $3.66B
Total Liabilities 12-point trend, +46.6% $3.11B $2.69B $2.70B $2.51B $2.58B $2.36B $2.11B $2.00B $2.10B $2.16B $2.27B $2.12B
Long-term Debt 12-point trend, +44.6% $2.77B $2.39B $2.42B $2.23B $2.27B $2.09B $1.83B $1.82B $1.83B $1.90B $2.08B $1.91B
Common Stock 12-point trend, +21.3% $1M $1M $1M $1M $1M $1M $1M $1M $1M $985.0K $945.0K $933.0K
Paid-in Capital 12-point trend, +27.0% $2.50B $2.49B $2.49B $2.49B $2.48B $2.48B $2.48B $2.43B $2.20B $2.12B $2.00B $1.97B
AOCI 12-point trend, +95.3% $-61.0K $988.0K $2M $2M $-3M $-9M $-25M $-238.0K $2M $-2M $-3M $-1M
Stockholders' Equity 12-point trend, +4.4% $1.51B $1.49B $1.48B $1.68B $1.62B $1.66B $1.68B $1.59B $1.40B $1.52B $1.54B $1.45B
Liabilities + Equity 12-point trend, +28.3% $4.70B $4.25B $4.25B $4.26B $4.26B $4.08B $3.85B $3.66B $3.60B $3.78B $3.91B $3.66B
Shares Outstanding 12-point trend, +21.4% 113,210,642 112,703,460 112,555,352 112,423,893 112,327,533 112,181,759 112,068,705 110,241,868 101,292,299 98,498,651 98,498,651 93,255,284
Cash Flow 13
Annual Cash Flow data for CDP
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +18.2% $164M $156M $151M $144M $151M $140M $139M $139M $137M $135M $142M $138M
Stock-based Comp 12-point trend, +89.7% $12M $10M $9M $9M $8M $7M $7M $6M $6M $7M $7M $6M
Amort. of Intangibles 9-point trend, -69.7% · · · $5M $5M $8M $9M $16M $19M $20M $18M $15M
Other Non-cash 11-point trend, -378.4% $-25M $21M $191M $-65M · $-5M $-109M $-37M $18M $79M $-123M $9M
Operating Cash Flow 12-point trend, +59.9% $310M $331M $276M $266M $249M $238M $229M $180M $230M $234M $204M $194M
Investing Cash Flow 12-point trend, -38.2% $-290M $-291M $-170M $-83M $-203M $-326M $-138M $-233M $-89M $71M $-308M $-210M
Stock Issued 8-point trend, -100.0% · · · · $0 $0 $46M $202M $70M $109M $29M $150M
Stock Repurchased 6-point trend, +32.8% · · · · · · $2M $2M $2M $2M $2M $2M
Net Stock Activity 8-point trend, -100.0% · · · · $0 $0 $44M $200M $68M $107M $26M $149M
Dividends Paid 12-point trend, +41.8% $137M $132M $127M $124M $124M $123M $123M $114M $109M $104M $104M $96M
Financing Cash Flow 12-point trend, +766.5% $217M $-170M $46M $-183M $-51M $91M $-84M $50M $-339M $-155M $158M $-32M
Net Change in Cash 12-point trend, +590.2% $237M $-130M $153M $-807.0K $-5M $4M $6M $-3M $-198M $150M $54M $-48M
Taxes Paid 6-point trend, +100.0% · · · · · · $0 $21.0K $31.0K $5.0K $8.0K $-200.0K
Profitability 7
Annual Profitability data for CDP
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 4-point trend, -1.2% · · · · · · · · 22.2% 9.1% 19.2% 22.4%
Net Margin 11-point trend, +204.4% 20.9% 19.1% -10.8% 24.2% · 16.0% 29.9% 12.5% 11.4% 2.0% 28.5% 6.9%
Pretax Margin 12-point trend, +249.8% 20.6% 19.1% -10.7% 20.0% 11.6% 16.6% 30.9% 13.1% 10.5% -4.6% 19.3% 5.9%
EBITDA Margin 12-point trend, -53.5% 21.4% 20.7% 22.1% 19.4% 22.7% 23.0% 21.7% 24.1% 44.4% 32.6% 41.9% 46.1%
ROA 11-point trend, +223.6% 3.6% 3.4% -1.8% 4.2% · 2.4% 5.0% 2.0% 2.0% 0.31% 4.6% 1.1%
ROE 11-point trend, +278.9% 10.6% 9.7% -4.7% 10.8% · 5.8% 11.7% 4.8% 4.8% 0.75% 11.9% 2.8%
ROIC 4-point trend, +7.1% · · · · · · · · 9.6% 3.5% 7.8% 9.0%
Efficiency 1
Annual Efficiency data for CDP
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +6.9% 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2
Per Share 6
Annual Per Share data for CDP
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -14.0% $13.38 $13.25 $13.18 $14.96 $14.45 $14.81 $14.98 $14.38 $13.68 $15.46 $16.34 $15.56
Revenue / Share 12-point trend, +1.5% $6.74 $6.67 $6.11 $6.56 $5.91 $5.44 $5.74 $5.55 $6.18 $6.08 $6.40 $6.64
Cash Flow / Share 12-point trend, +24.5% $2.74 $2.93 $2.46 $2.36 $2.22 $2.13 $2.05 $1.73 $2.33 $2.46 $2.09 $2.20
Cash / Share 12-point trend, +3625.5% $2.43 $0.34 $1.49 $0.11 $0.12 $0.16 $0.13 $0.07 $0.12 $2.13 $0.64 $0.07
Dividend / Share 12-point trend, +10.9% $1 $1 $1 $1 $1 $1 $1 $1 $1 $1 $1 $1
EPS (TTM) 12-point trend, +436.0% $1.34 $1.23 $-0.67 $1.53 $0.68 $0.87 $1.71 $0.69 $0.56 $0.15 $1.74 $0.25
Growth Rates 10
Annual Growth Rates data for CDP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -90.0% 1.4% 10.0% -7.3% 11.2% 14.1% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -80.0% 1.1% 4.3% 5.6% · · · · · · · · ·
Revenue CAGR 5Y 5.6% · · · · · · · · · · ·
EPS YoY 3-point trend, +140.9% 8.9% · · 125.0% -21.8% · · · · · · ·
EPS CAGR 3Y 2-point trend, -119.8% -4.3% 21.8% · · · · · · · · · ·
EPS CAGR 5Y 9.0% · · · · · · · · · · ·
Net Income YoY 3-point trend, +152.3% 10.8% · · 119.2% -20.7% · · · · · · ·
Net Income CAGR 3Y 2-point trend, -117.9% -3.7% 20.8% · · · · · · · · · ·
Net Income CAGR 5Y 9.2% · · · · · · · · · · ·
Dividend CAGR 5Y 2.1% · · · · · · · · · · ·
Valuation (TTM) 12
Annual Valuation (TTM) data for CDP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +30.3% $764M $753M $685M $739M $664M $582M $612M $578M $613M $574M $625M $586M
Net Income TTM 12-point trend, +296.3% $160M $144M $-74M $179M $82M $103M $192M $72M $69M $29M $178M $40M
Market Cap 12-point trend, +19.0% $3.15B $3.49B $2.88B $2.92B $3.14B $2.93B $3.29B $2.32B $2.96B $3.08B $2.06B $2.65B
P/E 12-point trend, -81.7% 20.7 25.2 -38.3 17.0 41.1 30.0 17.2 30.5 52.1 208.1 12.5 113.5
P/S 12-point trend, -8.7% 4.1 4.6 4.2 3.9 4.7 5.0 5.4 4.0 4.8 5.4 3.3 4.5
P/B 12-point trend, +14.0% 2.1 2.3 1.9 1.7 1.9 1.8 2.0 1.5 2.1 2.0 1.3 1.8
P / Tangible Book 6-point trend, +18.1% 2.1 2.4 2.0 1.7 2.0 1.8 · · · · · ·
P / Cash Flow 12-point trend, -25.6% 10.2 10.5 10.4 11.0 12.6 12.3 14.4 12.8 12.8 13.2 10.1 13.6
Dividend Yield 12-point trend, +19.2% 4.3% 3.8% 4.4% 4.2% 3.9% 4.2% 3.7% 4.9% 3.7% 3.4% 5.0% 3.6%
Earnings Yield 12-point trend, +447.7% 4.8% 4.0% -2.6% 5.9% 2.4% 3.3% 5.8% 3.3% 1.9% 0.48% 8.0% 0.88%
Payout Ratio 11-point trend, -64.2% 85.6% 91.6% -171.1% 69.1% · 126.7% 64.0% 158.1% 155.8% 910.4% 58.1% 239.3%
Annual Payout 12-point trend, +41.8% $137M $132M $127M $124M $124M $123M $123M $114M $109M $104M $104M $96M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312025-03-312024-12-312024-09-302024-06-30
Revenue $764M$753M
Net Income $160M$144M
Diluted EPS $1.34$1.23

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